Singapore’s Perennial-led group sells mall to Mitsubishi-CLSA vehicle for $383m

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The Perennial-led consortium includes Singapore Press Holdings and other undisclosed private investors.

SGX-listed Croesus Retail Trust sells Japan mall stake for $186m

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Croesus acquired the property, formerly named Luz Shinsaibashi, in 2013, at a valuation of approximately 9.38 billion yen.


CapitaLand hits first close of debut discretionary equity fund at $391m

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The fund will invest in value-add and transitional office buildings in Asia’s key gateway cities, Singapore, Beijing, Guangzhou, Shanghai, Shenzhen, Osaka and Tokyo.


Singapore’s GIC, Chinese mall operator Grandjoy to pilot REIT listing in China

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The pilot REIT programme allows Chinese investors to acquire shares in rent-yielding properties for the first time.


South Korea’s Mirae Asset invests $243m in HK office tower

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The Goldin asset is said to have enjoyed an increase of HK$4.2 billion in fair value by the end of 2018, from the HK$12.5 billion fair value in 2016.


WeWork said to pull out of talks to take on more Hong Kong space

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In January, SoftBank boosted its stake in WeWork by $2 billion but this was billions of dollars below what the co-working space provider had hoped to raise to fund growth.


Singapore’s SPH acquires student housing assets worth $174.3m in UK

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The portfolio is spread across three UK cities – Southampton, Sheffield and Leeds – and comes with a rental guarantee covering two academic years.


Singapore investors bullish on India’s commercial realty, warehousing niches

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Private equity firms GIC, Ascendas-Singbridge and Xander, are pumping billions of dollars into India’s real estate sector.


Frasers-backed Hektar REIT looks to double asset value to $580m by 2026

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Singapore-based Frasers Property holds a 31.15 per cent stake in the REIT via its SGX-listed retail REIT Frasers Centrepoint Trust.


Warburg-backed ESR inks $179m loan facility with UOB for prime Tokyo land deal

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The loan will be used to fund the acquisition of land where ESR Yokohama Distribution Centre, one of the largest logistics parks in the Japan, will be built.