Tokyu REIT has agreed to buy the OKI Business Center No.5 in Tokyo for ¥11.9bn, while also disposing of its OKI System Center in the city of Warabi for ¥6.85bn. The OKI Business Center No.5 office building is fully occupied with 18,102 sq.m. of lettable area and is located within walking distance of the Tamachi […]
A new fund managed by ASX-listed Charter Hall Group has bought a 49% stake in a NZ$534m portfolio of BP fuel and convenience retail properties in New Zealand, representing a 6.25% initial yield. The portfolio comprises 70 triple net leased properties, with 72% of the properties located in NZ’s top three cities and Auckland representing […]
Japan’s Sankei Real Estate Inc. has purchased a Tokyo office building from its sponsor, Sankei Building Co., at an acquisition price of JPY 4.2bn. The company said the S-Gate Akasaka building was the first of the ‘S-Gate’ series and was fully occupied with 1,984 sq.m. of lettable area. The deal will grow the REIT’s total […]
Here’s how the REIT markets performed across Asia Pacific on Friday, 8 May 2020. Japan J-REIT shares surged in Tokyo on Friday, as the TSE REIT Index jumped 5.22% to 1,655.72. Shopping centre REIT Japan Retail Fund Investment Corp. (8953) led the way, rising 13.63% to ¥137,500, while Hotel REITs Japan Hotel REIT Investment Corp. […]
Tokyo-listed Mitsui Fudosan Logistics Park has agreed to buy two logistics facilities in Osaka and Saitama from Saito Tokutei Mokuteki Kaisha and its sponsor Mitsui Fudosan for ¥77.4bn (~US$737m). Under the deal, MFLP will pay ¥58.9bn for the MFLP Ibaraki property in Ibaraki, Osaka, and ¥18.5bn for the MFLP Kawaguchi I asset in Kawaguchi, Saitama. MFLP […]
Singaporean sovereign wealth fund GIC and data centre specialist Equinix have signed an initial joint venture worth more than US$1bn to develop and operate data centres in Japan. The JV features two initial facilities in Tokyo and another asset in Osaka, which will serve hyperscale tenants including the world’s largest cloud service provider, the company […]
The spread of COVID-19 smashed investments in Asia Pacific commercial real estate during the first quarter of 2020, down 34% year-on-year to US$29.5bn, according to JLL. The most adversely affected markets in Asia Pacific, mainland China, Hong Kong and Singapore, saw investment activity decline by at least 60% YOY. On the other hand, South Korea […]
In Australia, ASX-listed Cromwell Property Group (CMW) has teamed up with EXS Capital-owned Stratus Data Centres to launch a data centre property fund targeting US$1bn of assets in Europe and Asia Pacifc. Cromwell will be a cornerstone investor in the Stratus Cromwell Data Centre fund, with a quarter of the portfolio assets already identified, the […]
Shares in Tokyo-listed Japan Retail Fund Investment Corp. (JRF) and MCUBS MidCity Investment Corp. (MMI) soared today after announcing plans to merge into Japan’s largest REIT, with more than JPY 1.19 trillion (~US$11.2bn) in assets. Shares in JRF jumped 12.37% to JPY 159,900 and stocks in MMI bounced 7.18% to JPY 82,100. The REITs said […]
Hong Kong-listed Yuexiu REIT (405) made a RMB 212m loss during the first half of 2020, down from a profit of RMB 730m for the same period last year. Net property income fell 10.3% year-on-year to RMB 653.8m at Yuexiu REIT during the six months to end-June 2020, however the REIT still managed to set […]
- « Previous Page
- 1
- …
- 30
- 31
- 32
- 33
- 34
- …
- 36
- Next Page »