SG Realty: Keppel Land China divests stake in Wuxi project for S$127m; KLW sells Melbourne property for A$34.2m
By Team DealStreetAsia
Keppel Land China has exited its stake in a JV firm in Wuxi, while KLW has sold a Melbourne property.
Yanlord Land Group has acquired Nanjing land for constructing an integrated development, while Swee Hong Limited is selling a Choa Chu Kang property to Hone Ee Corporation.
Lum Chang Holdings has sold a hotel in London for £13.78 million, Global Logistics Properties secures land for logistics development in Japan and Global Yellow Pages receives approval to build 225 houses in New Zealand.
The Securities and Exchange Board of India (Sebi) on Monday said that investment managers of real estate investment trusts, or REITs, should project the fund’s revenues and property-wise operating cash flows for at least three successive years in its offer documents. The capital markets regulator also said that the managers… Read more »
Investors across the globe shopped for some of the best malls across Indian cities this year, signalling an increasing interest in retail real estate as they bet on long-term gains from the country’s booming consumer economy. Marquee investment and pension funds such as Blackstone Group Lp, GIC , APG Asset… Read more »
The investment is facilitated by Lemon Grass Master Fund, a Cayman Island-incorporated investment vehicle which had earlier invested $37 million in SonKim Land in 2013.
Altico Capital India has emerged as an active investor in the Indian real estate market. It recently invested round Rs100 crore ($15 million) in a residential project of Mumbai-based Rajesh Lifespaces.
Canada Pension Plan Investment Board (CPPIB) has entered into a non-binding pact to acquire 49 per cent stake in Island Star Mall Developers (ISML), a subsidiary of Bengalore-based real estate firm Phoenix Mills. The stake will be acquired over a period of three years and the funds raised through stake sale… Read more »
Mencast Holdings, a regional MRO solutions provider for the offshore, oil & gas and marine sector listed on the Singapore Exchange (SGX), is disposing of an industrial property at 11 Tuas Basin Close for S$6.35 million.
Premiere Horizon Alliance Corp (PHA) has completed its 15 per cent equity placement with strategic investors in its tourist township project the West Palawan Premiere (WPP) pegged at $16 million (P800 million).