Savills IM acquires SEB Asset Management

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 International real estate investment manager Savills Investment Management (Savills IM) has completed the acquisition of SEB Asset Management AG (SEBAM), which was announced in March 2015. Savills IM has also established a partnership with SEB Group to provide real estate services  to institutional and wealth management clients of the SEB… Read more »

DLF plans to sell a majority stake in Delhi project to Singapore’s GIC: Report

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Indian realty major DLF is said to be advanced discussions with Singaporean sovereign wealth fund (SWF) GIC to sell a majority stake in a New Delhi residential project. According to a report in India’s Economic Times, which cited executives familiar with the deal, the transaction between GIC and DLF is valued between US$226,894,800 and… Read more »


Paradise raises ownership in Plaza Indonesia Realty to 26%

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PT Indonesian Paradise Property Tbk (INPP), a listed property holding company has raised its stakes in PT Plaza Indonesia Realty Tbk (PLIN) to 25.91% after acquiring an additional 10.82% or 920 million shares from Singapore’s Nexus Solutions Pte. Ltd. Paradise Properti’s President Director Agoes Soelistyo Santoso said in the statement Thursday that… Read more »


Norway’s sovereign wealth fund, CapitaLand & Keppel Land among bidders for BlackRock Singapore Tower

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Norway’s sovereign wealth fund and Singapore headquartered realty firms CapitaLand and Keppel Land are among bidders for BlackRock Inc’s Asia Square Tower 1, an office building in Singapore’s central business district, Bloomberg said in a report. The report quoting sources said an agreement for Asia Square Tower 1 could be reached… Read more »


Malaysia Realty Dealbook: Oriental partners Dijaya, Ho Hup increases land bank, Johor Corp to list Islamic REIT, Weida buys land

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Malaysia realty sector is abuzz with several land acquisitions by public-listed corporations looking to expand their property development business and, in Weida (M) Bhd’s case, to house its manufacturing operations. Separately, Johor Corp is also looking to list its Islamic REIT in September. Oriental Interest and Dijaya Gemilang partner for… Read more »


SG Dealbook: Frasers Hospitality acquires Dalian serviced residence for S$100.3m; Chiwayland buys Suzhou Industrial Park land for S$80m

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Singaporean-listed Frasers Hospitality and Chiwayland International have both made acquisitions in China, expanding operations. While Frasers Hospitality said it had acquired a serviced residence property in China’s Dalian for RMB481.37 million (S$100.29 million), Chiwayland International said its subsidiary had won the bid for the land parcel located in Suzhou Industrial Park Frasers Hospitality… Read more »


Indonesia’s MNC Group, Donald J Trump in JV to develop luxury hotel in Bali

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Indonesia’s MNC Group has signed a partnership agreement with US Trump Hotel Collection to develop a luxury 6-star hotel at Tanah Lot, Bali. The agreement was signed by MNC’s CEO Hary Tanoesoedibjo and Trump Hotel chain owner Donald J Trump in York recently. Hary Tanoesoedibjo said the cooperation with Trump… Read more »


CoAssets raises $354k for Singapore housing project

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Singapore-based and Australia-listed crowdfunding platform CoAssets has successfully crowdfunded its first Singapore-based real estate project, raising S$500,000 ($354,765) from more than 40 crowdfunders in less than a month. Incepted in Singapore on July 2013, CoAssets currently has more than 13,000 registered users. Since December 2014, the total value of deals listed on… Read more »


Oxley Global receives interest for 24% stake in manager of Cambridge Industrial Trust

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Cambridge Industrial Trust Management Monday said that Oxley Global Limited, an indirect shareholder of the manager, has received several non-binding expressions of interest (EOIs) for all or part of its 24 per cent stake in the manager. “The Manager further understands that no firm decision has been made on any… Read more »


Affin Bank acquires TRX land at $64m for new HQ

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Affin Holdings Bhd‘s banking unit Affin Bank Bhd is acquiring a tract of land measuring 54,266 sq ft in the Tun Razak Exchange (TRX) for its new headquarters (HQ), for MYR255 million ($64 million) or MYR4,699.07 per sq ft. Affin Bank managing director and chief executive officer (CEO) Kamarul Ariffin Mohd Jamil… Read more »