Hong Kong car park may fetch $2.2b in commercial sale

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Hong Kong’s government has announced the first sale of commercial land in the city’s central business district in more than 20 years. The site, currently used as a multi-story car park in Murray Road, Central, is about 31,000 square feet, according to a government statement released late yesterday. The plot is… Read more »

Highrise residential and commercial buildings are seen at Hong Kong island. Photo: Reuters

India: Altico Capital invests $59m in two real estate projects

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Altico has been actively investing in Delhi and the adjoining regions. It has deployed over a Rs 1000 crore ($147 million) in the NCR market having closed transactions with Vatika, SARE Homes and now Panchsheel.


Philippines: Vista Land raises $103.5m from corporate notes issue

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Vista Land plans to use the proceeds for its 2017 capital expenditures, refinance its existing indebtedness, and for other general corporate purposes.


SG Realty: Keppel Land China divests stake in Wuxi project for S$127m; KLW sells Melbourne property for A$34.2m

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Keppel Land China has exited its stake in a JV firm in Wuxi, while KLW has sold a Melbourne property.


SG Realty: Yanlord acquires Nanjing site for RMB7.84b; Swee Hong sells property in S$3.1m deal

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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.


SG Realty: Lum Chang sells London hotel; GPL secures Sagamihara land; TRR to build NZ homes

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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.


India: SEBI says REITs must disclose revenue outlook

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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 »


India: Shopping malls catch fancy of global realty investors

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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 »


Vietnam: SonKim Land raises $100m from Japanese investors

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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.


India: Realty firm Vatika Group raises $103m from Altico Capital

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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.