Tokyo-listed Japan Retail Fund Investment Corp. (8953) has bought a four-storey retail property let to international fashion brand Zara in a busy shopping district in the city of Fukuoka for JPY 5bn. The property, which has 1,496 sq.m. of lettable space, was acquired at an NOI yield of 4.0%, which is 0.6% higher than its […]
JP Morgan Global Alternatives has teamed up with Shanghai-based logistics real estate platform, New Ease, for a new US$600m Chinese logistics joint venture. The JV will invest in modern logistics facilities throughout China, starting with a US$600m portfolio of stabilised assets located in the gateway cities of Shanghai, Nanjing, and Suzhou. The new assets have […]
Here’s how the REIT markets performed across Asia Pacific on Wednesday, 6 May 2020. Hong Kong Yuexiu REIT (405) stocks jumped 2.21% to HK$3.69 in Hong Kong trading today, while Fortune REIT (778) and Link REIT (823) rose 1.84% and 1.40% higher, respectively. Sunlight REIT (435) slumped 0.77% to HK$3.89 and Prosperity REIT (808) finished the […]
Japan’s hotel REIT rout continued, as Australian REITs edged higher today. Here’s how the REIT markets performed across Asia Pacific on Monday, 4 May 2020. Australia In Sydney, Aspen Group (APZ) shares posted strong gains today, up 7.4% to A$1.09, followed by Elanor Retail Property Fund (ERF) with a 6.2% gain to A$0.78. At the other […]
APAC Real Estate tracks real estate investment trusts (REITs) listed in markets throughout Asia Pacific. We follow REITs in Australia, Singapore, Hong Kong, Japan, Malaysia, New Zealand, and other markets. Our coverage includes major share price movements, capital raisings, M&A, debt, property acquisitions, and more.
Hong Kong-listed Link REIT has snapped up the Centralwalk shopping centre in the heart of Shenzhen’s CBD for RMB 6.6bn (US$982m), its first deal in the tier-one city. The five-storey retail property is located in the Futian district, known as a hub for Fortune 500 companies and multinational corporations, Link said in an announcement. The […]
Hong Kong-listed Link REIT has bought a retail centre in Beijing’s Tongzhou district for RMB2.56bn (US$374.6m) to take advantage of the area’s rapidly growing population. The 67,546 sq.m. Beijing Jingtong Roosevelt Plaza is the REIT’s second acquisition in the capital, according to the company. The seven-storey property has 268 tenants, reflecting a 96.2% occupancy rate, […]
Warehouse investor and developer GLP has launched the largest-ever Japan-focused logistics private real estate fund, setting out to reach JPY625bn (US$5.6bn) once fully invested. Several investors, including cornerstone backer Canada Pension Plan Investment Board, have invested in the new GLP Japan Development Partners III fund, according to an announcement. GLP JDP III will start its […]
New Zealand-listed Goodman Property Trust (GMT) has bought T&G Global’s head office and distribution facility in Auckland, New Zealand for NZ$65m (US$41.8m), reflecting a passing yield of 5.1%. The 5.8-hectare industrial property provides 17,989 sq.m. of mixed warehouse and office space in the city’s Mt Wellington area, the buyer said in an announcement. 2-6 Monahan […]
In Australia, A-REITs retreated, with the S&P/ASX 200 A-REIT index falling 2.85% to 1,215.10, while the S&P/ASX 200 index dipped 1.51% to 5,815. ASX-listed investment group Keybridge Capital made an all scrip takeover bid for RNY Property Trust (RNY), which is currently suspended from trading on the ASX, the company said. RNY invests in commercial […]
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