Here’s how the REIT markets performed across Asia Pacific on Wednesday, 13 May 2020. Japan J-REIT stocks extended their losses, as the TSE REIT index fell a further 2.39% to 1,604.78. Fears of a second wave of COVID-19 in the US sent shares tumbling throughout financial markets. Japan Prime Realty Investment Corp. (8955) stocks sank […]
Here’s how the REIT markets performed across Asia Pacific on Thursday, 14 May 2020. Singapore Stocks in Singapore and other Asia Pacific markets dropped after the US Federal Reserve chairman warned of a long-term economic downturn resulting from the COVID-19 pandemic. The FTSE Straits Times Index fell 1.94% to 2,522.31, while the FTSE ST REITs […]
Singapore-listed Datapulse Technology has agreed to acquire a 127-room hotel in central Seoul for S$42.7 (US$31m), gaining a foothold in the country as the company pivots towards hospitality-related property investments. Datapulse bought the 11-storey property from Korean hotel operator Hotel Prima and plans to approach an international mid-scale brand to occupy it, the company said […]
Michael Peters (image: Frasers Property Australia) Former Lendlease development general counsel Michael Peters has joined Frasers Property Australia’s national Investment Committee. Peters has spent most of his career in the property sector and has been involved in major projects such as the London Olympics development, Sydney Olympics developments at Newington and Homebush, Barangaroo and Circular […]
Real estate investment manager CBRE Global Investors and logistics developer and investor Logos have raised RMB 5.5bn (US$786m) in the final closing of their CBRE LOGOS China Logistics Club fund. The fund received equity commitments from mainland Chinese and overseas investors, and will target income-producing logistics and industrial assets in major Chinese cities. CBRE GI will […]
A parcel of land in the south of Lantau, the largest of Hong Kong’s islands, has sold for HK$1.13bn (US$143.9m). Huge Choice Group won the tender process and secured a 50-year land grant for the 20,600 sq.m. site on South Lantau Road in Cheung Sha, Hong Kong’s Lands Department said in an announcement. Huge Choice […]
Ascendas REIT (A17U) has raised S$100m through its first green bond, as part of its S$7bn Euro Medium Term Securities Programme. The orderbook for the 10-year bond, which has a fixed coupon rate of 2.65%, exceeded S$650m, with orders from across 47 accounts. Asset managers, insurance companies and hedge funds accounted for 80% of the […]
The Hong Kong protests hit the financial hub’s commercial real estate investment during the third quarter of 2019, with transaction volumes falling 32% year-on-year to US$2.7bn, according to Real Capital Analytics. Hong Kong deal volumes have also dropped 41% YOY to $13.9bn for the first nine months of the year, yet the city remained one […]
Australia topped the Asia Pacific commercial real estate investment rankings in the second quarter of 2019, as China and Japan property investment volumes fell to the lowest levels in a decade. Australian commercial property investment reached US$8.4bn in Q2 2019, up 13% compared to the same period in the previous year, according to Real Capital […]
Beijing jumped to the top position among Asia Pacific metropolitan commercial real estate investment markets for the first time ever, with investments totalling US$4.5bn during the first quarter of 2019. The Chinese capital leapfrogged to the pole position from seventh place in 2018, thanks to two mega deals worth more US$1.3bn, according to data provider […]