SG Realty: Advanced Holdings to acquire Agricole; CIT divests Ubi property

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Advanced Holdings id discussing the acquisition of Agricore Global in an RTO deal and CIT is divesting an Ubi property.

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Blackstone readies new Asia real estate fund of at least $5b

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Blackstone Group LP is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters. The world’s biggest alternative asset manager will likely launch the fund in… Read more »


Singapore: CDL to invests S$14.8m in Chinese co-work space operator Distrii

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CDL is investing S$14.8m in a Chinese co-working space operator Distrii, in a move that will also see it expand into Singapore.


India: JP Morgan’s property fund seeks to exit Trident, Oberoi hotels in Hyderabad

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The fund is seeking an enterprise valuation of Rs 800-850 crore for the two properties.


Singapore: Warburg-backed E-Shang Redwood buys 80% in Cambridge Industrial Trust

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The deal marks e-Shang Redwood’s entry into Southeast Asia


CapitaLand acquires Vietnam-based asset for Grade A office development

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CapitaLand Vietnam has entered an agreement to take over 100 per cent interest of the 0.6-hectare site located in the heart of District 1, a deal that potentially see the disbursement of the Singapore major’s $500 million fund dedicated to the Vietnam market.


Singapore: CapitaLand divests stake in The Nassim for S$411.6m

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The buyer is Kheng Leong Company


India: Piramal Finance invests $62.2m in Prateek Group project

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Piramal Finance Pvt. Ltd has lent Rs425 crore to Noida-based Prateek Group to repay existing loans and complete construction of a township project in the National Capital Region (NCR), top officials of both companies said. Prateek will use the money to pay off existing loans to Xander Finance Pvt. Ltd… Read more »


Goldman, Apollo Asia to Invest $235m in tallest Thai building

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Goldman Sachs Group Inc. and Apollo Asia Sprint Holding Co. will invest 8.4 billion baht ($235 million) in a real estate development that includes Thailand’s tallest skyscraper. The proposed investment — a $216 million equity injection and $18.8 million of financing — is expected to be completed within February 2017… Read more »


Thailand’s Centara Group signs JV with Nakheel to invest $136m in Dubai

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“This partnership is a ground-breaking move for Centara as we continue to extend our upscale resort portfolio internationally. This is Centara’s first hotel in Dubai, and the UAE, and represents our arrival in a key gateway city in the Middle East,” said Centara’s chairman Suthikiati Chirathivat.