Indonesia realty Dealbook : Astra’s Anandamaya and Intiland launch luxury real estate projects, MNC-Trump JV resort to be completed by 2019

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Indonesian property firm seem intent on the opportunities offered by the growing luxury real estate market in the country.PT Brahmayasa Bahtera, a unit of conglomerate firm PT Astra International Tbk (ASII) and property firm PT Intiland Development Tbk (DILD) launched an upsale property project in Jakarta and Surabaya. While publicly listed developer PT… Read more »

Singapore’s CDL Hospitality Trusts to acquire UK hotel for $96m

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CDL Hospitality Trusts (CDLHT) has announced its foray into the European hospitality space by acquiring a refurbished hotel in Cambridge, UK, for a consideration of S$136 million (US$96 million). Through its UK unit, CDL HBT Cambridge City (UK), the trust has entered a share purchase agreement to indirectly purchase Cambridge City Hotel, via… Read more »


India Realty Dealbook: Kumar Birla buys iconic Mumbai property for $63m; Expat Group buys Ecole Hoteliere Lavasa

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Despite the ongoing slump in the Indian realty, the property market is seeing some deal action. Aditya Birla Group chairman Kumar Mangalam Birla has bought a Mumbai property worth $63 million, while global realty player Expat Group has acquired Ecole Hoteliere at Lavasa to mark its entry into the hospitality education space in India…. Read more »


SG Realty Dealbook: TEE Land’s associate buys Bangkok land for $3.7m; HPH Trust manager rejects offer to pick 50% stake in Gaolan Phase 2

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Singapore-listed property entities are engaging in property transactions abroad with an associated firm of TEE Land  acquiring a Bangkok land parcel. In addition, the manager of HPH Trust has rejected an acquisition offer for 50 per cent stake in a China-based property project. Associated firm of TEE Land’s acquires Bangkok… Read more »


Philippines’ CCDC, Mitsubishi ink JV to build $100m Forbes Media Tower

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Century City Development Corp (CCDC) have signed a joint venture agreement with Mitsubishi Corp to develop in the Philippines the world’s first Forbes Media Tower pegged at $100 million.


Indonesia based Summarecon to transfer $436m realty assets to IPO-bound subsidiary

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One of Indonesia’s largest property developer PT Summarecon Agung Tbk (SMRA) has announced its plan to transfer Rp 6.19 trillion ($436 million) worth of assets to its subsidiary, PT Summarecon Investment Property, as part of a wider asset-restructuring programme. The transfer of assets is being carried out ahead of its… Read more »


Thailand’s MINT scales up investment budget to acquire distressed hopitality assets

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Thai hotel group Minor International Pcl (MINT) is considering increasing the budget for its 5-years investment plan during 2016-20 in order to acquire the assets that become cheaper due to the global economic slowdown. Meanwhile, it plans to acquire the remaining eight hotels of Tivoli Hotels and Resorts in Portugal…. Read more »


VN Realty Dealbook: Hung Thinh Corp buys condo project; US firm invests $120m in industrial park

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Real estate market in Vietnam has seen some investment action coming in both from local and overseas investors. There has been an acquisition activity in a Vung Tau City-based condo project, while US-based Trillions Enterprise, has got the approval to initially invest $120 million in the Tan Duc Industrial Park, developed and managed… Read more »


SG Realty Dealbook: Perennial acquires 10% in Perennial China Retail; Sabana REIT secures Islamic credit facility; Keppel REIT acquires 3 Melbourne units

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Several Singapore-listed firms have finalised deals in the real estate sector abroad. Perennial has acquires a minority stake in Perennial China Retail Trust, while Sabana REIT has secured a murabahah facility worth S$50 million; even as Keppel REIT increased its exposure in Australia through its latest purchase of there retail units. This… Read more »


Hong Kong’s Chow Tai Fook takes controlling stake in Vietnam’s long-stalled $4b Nam Hoi An casino resort

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Vietnam-based investment firm VinaCapital has teamed up with Hong Kong’s property-to-jewellery conglomerate Chow Tai Fook Enterprises Ltd to jointly develop the long-stalled $4 billion Nam Hoi An casino resort in central Quang Nam province of Vietnam, the investment company has announced. Accordingly, VinaCapital’s London Stock Exchange’s Alternative Investment Market-listed fund VinaLand Limited… Read more »