By Pramugdha Mamgain
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).
SG Realty: Thakral Group launches retirement villages, Cache Logistics sells property, GSH Corp discusses divestmentBy Manesha Pereira
Thakral Corporation through its joint venture launches two retirement resorts in Australia, Cache Logistics Trust is divesting its Changi North Way property for $26 million and property developer GSH Corporation is in talks to divest an unnamed asset on SGX query.
Japan’s Kenedix Inc, a leading real estate manager will acquire a 15 per cent stake in of Malaysia real estate investment trust (REIT) AmanahRaya REIT for $19.15 million and a 49 per cent of AmanahRaya REIT’s parent company for $1.13 million.
Malaysia’s second largest pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has acquired a 41-storey office building CAP Square Tower in Kuala Lumpur for reportedly $121.1 million, the biggest real estate deal for Malaysia this year.
Anscor through its subsidiary Uptown Kamputhaw Holdings Inc, sold its 100 per cent outstanding shares in the Cebu Business Park Lot to Skyrise Realty and Development Corp in order “to realize investment.”
The Ascott has acquired Dublin’s Temple Bar Hotel in a EUR55.1 million deal, growing its European footprint.
The managers of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust plans to acquire Paya Lebar Central property for $34.5 million while Mapletree Logistics Trust plan to acquire four properties in Victoria, Australia for A$142.2 million.
Australia: M&G acquires Casey Central for $163m; Propertylink buys $46m industrial complex