CapitaLand Ascott Trust divests four properties in France for €44m
Singapore-listed lodging trust CapitaLand Ascott Trust (CLAS) has divested four mature serviced residences in regional France for €44.4 million (S$64.7 million).
The four properties...
CapitaLand sells shopping mall in Singapore for S$296m
CapitaLand has entered into an agreement to sell The Star Vista shopping mall for S$296 million to Rock Productions, owner of The Star Performing...
Rolls-Royce appoints JLL as global real estate facilities manager
Rolls-Royce, the multinational power and propulsion business, has selected JLL as its global real estate facilities manager.
JLL will run global facilities management (FM) operations...
Yuhu Group completes acquisition of Sydney’s Bakehouse Quarter
Chinese-backed YuHu Group announced that the acquisition of Bakehouse Quarter,commercial and retail precinct in Sydney, from Kirela Development Unit Trust has been completed on...
Frasers Property to take hospitality arm private
Frasers Property will take its Singapore-listed hospitality arm, Frasers Hospitality Trust, private in a deal valuing the REIT at S$1.35 billion ($970 million).
Frasers Property has...
ESR establishes RMB10bn China logistics fund
Hong Kong-based real asset manager ESR Group has established its largest-ever RMB income fund in China.
ESR has established the fund with one of China’s...
Amazon to open fulfillment centre in Perth, Australia
Amazon will open a fulfillment centre in Perth to enhance customer experience on the West Coast of Australia.
The facility – planned to begin...
GLP launches US$2.1bn China fund
GLP, a global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, has launched a new China fund, GLP...
PGIM Real Estate launches innovation lab to develop new real asset technologies
PGIM Real Estate has launched RealAssetX, an innovation lab to research, develop and invest in technology that aims to accelerate advancements in the real...
Macquarie raises $1.9bn for global opportunistic real estate fund
Macquarie Asset Management has closed the Macquarie Real Estate Partners (MREP), an opportunistic real estate fund, raising approximately $1.9 billion in equity.
MREP is...
CBRE appoints co-CEOs for investment management business
CBRE Group has announced the appointment of Adam Gallistel and Andy Glanzman as Co-Chief Executive Officers of CBRE Investment Management.
In their new roles, Gallistel...
NAB : Australian commercial property market sentiment falls in Q1 2020
Australian commercial property market sentiment fell 8 points to a below average 0 in the March quarter, according to The NAB Commercial Property Index...
