Asian outbound commercial real estate investment surges to $54.6bn in 2021
After a muted year in 2020, Asian outbound commercial real estate investment surged 69% year-on-year (y-o-y) in 2021 to US$54.6 billion, surpassing 2019’s pre-pandemic...
Singapore’s GuocoLand to sell hotel in Shanghai
Singapore-based real estate company GuocoLand Limited (GuocoLand), listed on the Singapore Exchange Securities Trading Limited, announced that its wholly-owned subsidiary, Shanghai Xinhaolong Property Development...
Hines launches Asia fund with $400m capital from Cadillac Fairview
Hines has launched Hines Asia Property Partners (HAPP), the firm’s new fund for the Asia-Pacific region with $400 million of capital from Cadillac Fairview,...
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...
Frasers Centrepoint Trust to acquire remaining 63.1% in AsiaRetail Fund for S$1.06bn
Frasers Centrepoint Asset Management (FCAM), the manager of Frasers Centrepoint Trust (FCT), will acquire the remaining approximately 63.1% of the total issued share capital...
Sino-Ocean Capital forms US$1.4bn China office fund
Sino-Ocean Capital(SOC), the investment management arm of Chinese real estate developer Sino-Ocean Group, has formed Sino-Ocean Prime Office Partners I LP, a USD 1.4 billion...
Ares unifies global logistics platforms post-GCP acquisition
Ares Management Corporation has announced the launch of Marq Logistics, a unified brand consolidating its global logistics real estate platforms.
The new platform will...
Hines to launch new Asian value-add real estate strategy
Hines plans to launch a diversified close-ended, value-add real estate strategy, Hines Asia Real Estate Partners (Harep).
According to the company, Harep will expand...
China Fortune Land Development reports RMB 8.48bn H1 net profit
According to the 2019 Semi-annual Report released by China Fortune Land Development (CFLD) on August 16, in the first half of 2019, CFLD achieved RMB 8.48...
Microsoft to establish its first data center region in New Zealand
Microsoft Corp. announced it plans to establish its first data center region in New Zealand. ''A major milestone toward delivering enterprise-grade cloud services in the country,'' says the company in a statement.
The New Zealand...
GIC, Equinix to invest US$1bn in data centers in Japan
Global interconnection and data center firm Equinix, Inc. and Singapore's sovereign wealth fund GIC have agreed to form more than US$1.0 billion joint venture to develop and operate three...
AIA, GLP form global logistics real estate investment partnership
Pan-Asian life insurance group AIA Group Limited and GLP have formed a partnership to invest in the global logistics real estate industry and related...
