Gaw Capital, partners strike Shanghai office deal

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Real estate private equity firm Gaw Capital Partners and a consortium of investors including Canadian QuadReal Property Group have bought the Ocean Towers office building in central Shanghai to tap into strong leasing activity for premium workspace in the city. The 50,219 sq.m. property is in People’s Square in the heart of the Huangpu district […]

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People moves: Nuveen Real Estate, JLL, CBRE

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Steven Lim (image: Nuveen Real Estate) Nuveen Real Estate has strengthened its commercial real estate debt business with the appointment of Steven Lim as senior director, debt strategies in Australia. Lim previously worked with CBRE in its capital advisors team raising debt and equity capital from local and global capital sources. Based in Sydney, he […]

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Japan Hotel REIT acquires Tokyo hotel for US$561m

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Japan Hotel REIT has purchased a 453-room hotel in Tokyo for JPY 62.4bn (US$561.5m) to take advantage of the upcoming 2020 Tokyo Olympics. The 4-star Hilton Tokyo Odaiba hotel is located in Odaiba, one of the most popular tourist destinations in the capital, and comes with multiple Japanese, Western and Chinese restaurants and other facilities, […]

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Oxley sells Singapore's Chevron House complex for S$1.025bn

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Listed property developer Oxley Holdings has agreed to dispose of the Chevron House complex in Singapore for as much as S$1.025bn (US$758m). The 24,273 sq.m. property at 30 Raffles Place features 27 storeys of office accommodation and a 5-level retail podium, according to an announcement. The purchaser, Golden Compass (BVI), is reportedly a fund managed […]

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People news: CBRE, Starwood, Hines

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Greg Hyland Greg Hyland has joined CBRE as managing director, capital markets, Asia Pacific, where he will lead the capital markets teams across the region. Hyland brings more than 18 years’ experience to the role, having most recently served as head of capital markets, Singapore at JLL. Over the past five years, Hyland has advised on […]

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German DWS buys half-stake in Brisbane warehouse for US$92m

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German asset manager DWS has acquired a half-stake in a Brisbane warehouse from Singapore-listed Frasers Logistics & Industrial Trust for A$134.2m (US$92.2m). The 54,245 sq.m. cold storage distribution facility is located at 99 Sandstone Place, Parkinson — about 29km south of the Brisbane’s CBD. The purpose-built cross-dock, regional distribution facility is let to Australian supermarket […]

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News

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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.

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Mitsui, Ascendas-Singbridge strike Shanghai office JV

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Singapore-headquartered Ascendas-Singbridge has partnered with Japanese conglomerate Mitsui & Co to co-own and operate two office buildings in Shanghai’s CBD. The venture features the 24,883 sq.m. Ascendas Innovation Place property on Jiujiang Road near the People’s Square and the 44,003 sq.m. Ascendas Plaza building on Tianyaoqiao Road in Xujiahui, according to an Ascendas-Singbridge announcement. Ascendas-Singbridge […]

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Australia’s Healthscope to sell hospital portfolio for A$2.5bn

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Australian private healthcare operator Healthscope has agreed to sell 22 hospitals to North American investors NorthWest and Medical Properties Trust for a combined A$2.5bn. Both sale-leaseback deals hinge on the completion of Canadian investment manager Brookfield’s A$4.4bn takeover of the company, Healthscope said in a statement. US REIT MPT and Toronto-listed NorthWest will gain 11 […]

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