ESR raises US$750m in initial closing for ESR Japan fund
ESR Cayman Limited Thursday announced the initial closing of ESR Japan Income Fund (JIF) endowed with US$750 million of equity commitments.
The newly-launched fund is...
Australian commercial real estate activity reaches $11.7bn in Q1
Australian commercial property sales continued on a positive path at the start of 2022 as dealmaking edged ahead of the total from a year...
PUMA signs lease for Frasers’ industrial property in Melbourne
German multinational sportswear manufacturing company PUMA has signed a lease agreement for Frasers Property Australia's industrial property, 23-hectare Braeside Industrial Estate in Melbourne’s South...
Hilton signs agreement with Country Garden to expand Home2 Suites brand in China
Hilton has signed a management license agreement with Funyard Hotel Investment (Asia) Limited, a subsidiary of Chinese property giant Country Garden to introduce and...
BMW signs pre-lease for 70,000 sqm at Goodman Business Park in Tokyo
The BMW Group (“BMW) has signed agreement with Goodman Group to lease over 70,000 sqm at Goodman Business Park Stage 4 for its new...
GIC acquires LG Twin Towers in Beijing for $1.15bn
Singapore’s sovereign wealth fund GIC has acquired LG Twin Towers in Beijing from South Korean conglomerate LG Group for over RMB 8 billion($1.15 billion).
Located...
Asia Pacific CRE investment activity gradually improves in H2 2020
Asia Pacific commercial real estate (CRE) investment volume rose by 44% q-o-q to US$26 billion in Q3 2020, with the October-December quarter also expected...
GPT buys five prime logistics properties in Sydney for $212m
The GPT Group announced that it has exchanged contracts for the purchase of five prime logistics properties for a total amount of $212 million,...
Mapletree adds second Dutch logistics asset to European portfolio
Mapletree Investments has acquired Park 15, a newly completed logistics facility in the Arnhem-Nijmegen metropolitan region of the Netherlands, expanding its footprint in the...
Kerry Properties acquires site in Hangzhou City, China
Kerry Properties, a property investment and development company in Mainland China and Hong Kong, has won the bid for a residential and commercial site...
ESR buys Mitsui’s 7.7% stake in ESR-LOGOS REIT Manager
ESR Group has agreed to acquire 7.7% of the total issued shares in ESR-LOGOS Funds Management Limited, the manager of ESR-LOGOS REIT (E-LOG Manager),...
Ascott forms US student housing venture with Riyad Capital
Singapore-based CapitaLand’s wholly owned lodging business unit The Ascott Limited (Ascott) has formed a development venture totalling US$150 million (S$204.8 million) in committed equity...
