Mapletree Industrial Trust (ME8U) announced plans to buy the 60% remaining interest in 14 data centres in the US for US$210.9m, according to a filing. The deal increases the REIT’s data centre exposure to 39% of assets under management and deepens its presence in the US. The REIT also launched a private placement to raise […]
Australian-listed Scentre group has bought a 50% stake in a Perth shopping centre from the AMP Capital Diversified Property fund for A$570m (US$390m), as it defers its Westfield Stirling expansion plans. Scentre group and AMP Capital will become joint owners of the Garden City Booragoon centre, which will be rebranded Westfield Booragoon. Located about 13km […]
Warehouse investor and developer GLP has launched a new RMB15bn (US$2.1bn) Chinese logistics fund focusing on stabilised, income-generating properties, as the firm continues to recycle capital in the country. The GLP China Income Partners fund is backed by a group of leading domestic institutional investors, with GLP China acting as the fund and asset manager, […]
Singapore-based SPH REIT has acquired a majority stake in a shopping centre in the Australian city of Wollongong for A$175m (US$123m), marking its first overseas acquisition as part of its Asia-Pacific expansion plan. SPH bought the Figtree Grove centre in an 85:15 split joint venture with ASX-listed financial services firm Moelis Australia, according to a […]
Chinese conglomerate Dalian Wanda has sold its entire Chinese department store portfolio comprising 37 sites to e-commerce group Suning.com. The Wanda Department stores are located in first- and second-tier cities, with more than 4m registered customers, Suning said in a press statement. The sale price was not disclosed. “The prosperity of the physical retail industry […]
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Hong Kong-listed Link REIT has secured a A$212m (US$127m) sustainability-linked loan, just days after Singapore’s Suntec REIT obtained A$450m (US$269m) in green financing. Singapore bank DBS arranged the five-year sustainability-linked term loan for Link, which will receive interest savings for maintaining its leading global sustainability indices and achieving sustainability milestones. The loan was taken out in […]
German property investment manager Patrizia Immobilien has acquired Japanese real estate firm Kenzo Capital Corporation to strengthen its footprint across Asia-Pacific. The deal includes Kenzo Capital’s Tokyo-based real estate advisory and asset management businesses, plus the fund management and placement activities of Kenzo Japan Real Estate, according to a Patrizia announcement. The move provides the […]
Singapore-based SC Capital Partners has agreed to buy an office tower in Sydney’s second busiest hub, Parramatta, from Australian property group Centuria for A$105.3m (US$72m). 2 Wentworth Street (source: SC Capital) Centuria bought the 2 Wentworth Street property for A$45.1m in 2014, reflecting a total return of 186% from the five-year investment, the seller said. […]
In Japan, the Tokyo Stock Exchange REIT index increased 1.69% to 1,710.36 today, while the Nikkei 225 index grew 1.13% to 22,512.08. For the week, the Tokyo Stock Exchange REIT index finished trading 1.52% higher and the Nikkei 225 grew 0.15%. After the market closed, Kenedix Office Investment Corp. (8972) announced plans to buy an […]
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