Tag: Singapore
CapitaLand offloads StorHub self-storage business for US$136m
Singapore real estate firm CapitaLand has divested its interests in StorHub, one of Singapore's largest self-storage businesses, to an unnamed investor for S$185m (US$136.3m).
StorHub's...
CapitaLand raises US$391m for maiden discretionary equity fund
Singaporean-listed CapitaLand has raised US$391m in the first closing of its CapitaLand Asia Partners I fund, targeting value-add and transitional office buildings in Asia’s key...
Singaporean UOL, UIC buy out Marina Bay partners for S$675m
Singapore-listed United Industrial Corporation (UIC) and its parent company UOL have taken control of the Marina Square Shopping Mall and Marina Mandarin Hotel in...
OUE’s Commercial REIT, Hospitality Trust to merge into S$6.8bn REIT
OUE Commercial REIT and OUE Hospitality Trust have announced plans to merge and become one of the largest diversified REITs in Singapore, with S$6.8bn...
Frasers Property bags S$356m stake in Singapore mall fund
Frasers Property has bought a 17.8% stake in Singapore’s largest non-listed retail mall fund from investment manager PGIM for S$356.4m (US$263.5m).
The buyer purchased 94,013...
CapitaLand to buy Ascendas-Singbridge in S$11bn deal
Singapore-listed CapitaLand has agreed to buy Ascendas-Singbridge from Singaporean sovereign wealth fund Temasek in an S$11bn deal to create Asia’s largest diversified real estate...
Allianz RE nabs stake in Singapore’s Ocean Financial Centre for S$537.3m
Allianz Real Estate, the property arm of the German insurer, has agreed to buy a 20% interest in the Ocean Financial Centre office building...
Worldwide Hotels snaps up Singaporean asset for S$276.2m
City View Holdings, a subsidiary of hotel chain Worldwide Hotels, has snapped up a prime commercial property in Singapore for S$276.2m (US$201.9m), with preliminary...