Institutional investors are planning to invest heavily into Asia Pacific real estate this year, as many continue to build or further diversify their portfolios, according to a new survey. The Investment Intentions Survey 2020, published by ANREV, INREV and PREA, found that institutional investors are expected to deploy 31.9% of total real estate allocations to […]
Singapore-listed Frasers Property has agreed to purchase property manager AsiaMalls Management, which manages five malls and an office tower in Singapore. All six properties are held by the PGIM Real Estate AsiaRetail fund, which Frasers Property group owns an 88% stake in, the buyer announced in a statement. AsiaMalls manages the Century Square, Hougang Mall, Tampines […]
Commercial property markets across Asia Pacific are expected to diverge, as several markets maintain a positive momentum amid a more subdued regional outlook. The RICS Q4 2019 Asia Pacific Commercial Property Monitor, which received 2956 survey responses, revealed that sentiment remained downbeat for the region as a whole. Survey respondents anticipate Hong Kong values and […]
Singaporean sovereign wealth fund GIC and Hong Kong-listed logistics property platform ESR have entered into a US$500m joint venture to invest in logistics properties in China. The JV will focus on developing institutional-grade, state-of-the-art logistics facilities in key cities across China. The two companies have worked together before, in a successful collaboration in Japan. “As […]
M&G Real Estate, the real estate fund manager of UK-based M&G Investments, has purchased a portfolio of 12 residential buildings in Japan in one of its largest housing portfolio acquisitions ever. The portfolio is almost fully occupied, with assets located in prime districts around in Tokyo, Osaka, Kyoto and Fukuoka, the firm announced. Financial details […]
Hong Kong-based Gaw Capital Partners has raised US$2.2bn in the final closing of its Gateway Real Estate Fund VI, marking the firm’s largest fund to date. Gaw Capital also secured a sidecar co-investment commitment of up to US$800m. The fund received commitments from sovereign wealth funds, endowments, pension funds and other institutional investors, with 46% from […]
Hong Kong-listed Link REIT has agreed to buy a 10-storey office tower in Sydney from funds managed by Blackstone for about A$683m (US$470.4m), marking its first acquisition outside of Greater China. 100 Market St, Sydney (source: Link REIT) The grade A office asset at 100 Market St has 28,385 sq.m. of total net leasable space […]
The PropertyGuru Asia Property Awards The hunt for the year’s most illustrious developers, developments and designs in Asia Pacific approaches its highpoint with the announcement of the shortlisted finalists to the 2019 PropertyGuru Asia Property Awards Grand Final, to be presented by Kohler on Friday, 22 November, at the Athenee Hotel, a Luxury Collection Hotel, […]
Singapore-listed SPH REIT has agreed to buy a 50% stake in Adelaide’s largest shopping centre, Westfield Marion, from Australian property group Lendlease for A$670m (US$459.8m). Westfield Marion The deal follows the Singaporean retail property trust’s A$175m purchase of a majority stake in Wollongong’s Figtree Grove centre last December, its first overseas acquisition. SPH, which has […]
Australian-listed GPT is tapping investors for A$800m (US$550.4m) to fund an A$531m (US$365.3m) deal comprising 25% stakes in an office complex and a retail-led asset in Sydney. GPT, which has A$24bn of assets, plans to buy quarter stakes in the Darling Park 1 and 2 office buildings and the Cockle Bay Wharf retail and entertaining […]
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