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 »


Millennium & Copthorne acquires Beatles-inspired hotel for £13.8m

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Millennium & Copthorne Hotels plc said it had acquired a long leasehold interest in the Hard Days Night Hotel in Liverpool, the only Beatles-inspired hotel in the world, for £13.8m in cash. Millennium & Copthorne Hotels is listed on the London Stock Exchange and its medium term note programmes are listed… Read more »


Ayala secures $86.9m bid for ITS-South terminal project in PH

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Real estate conglomerate Ayala Land Inc (ALI) has won the bidding for the $86.9 million (P4 billion) Integrated Transport System South Terminal (ITS South) of the Department of Transportation and Communications (DOTC) in the Philippines. ALI has outbid three companies – the Datem Inc, Filinvest, and MVM Terminals – for… Read more »


Thailand Realty Dealbook: JSP to co-invest with Chinese partner, Thai and Lao operators build the first border duty-free mall

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JSP Property is seeking a collaboration with China based property firms to develop a real estate project in Bangkok and surrounding areas. Meanwhile, Thailand’s real estate consulting firm ThinkWork will be co-investing with Laos-based BM Group, to set up the first duty free mall near the Thai-Laos Friendship Bridge 1 in… Read more »