VN realty dealbook: Sao Mai invest in Thanh Hoa, Tasco issues bonds to fund projects

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The investment scene in Vietnam’s real estate sector has seen new developments from Sao Mai Corporation and Tasco JSC. While Sao Mai has gained license for its urban area project in coastal province Thanh Hoa, Tasco plans to raise funds from issuing convertible bonds. Sao Mai get nods to invest in… Read more »

Global property portal Lamudi acquires PH real estate brand MyProperty.ph

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Global property portal Lamudi announced Tuesday that it had acquired MyProperty.ph, a popular online and print real estate brand in the Philippines. The deal size was not  disclosed, but Lamudi executives in the Philippines tagged the transaction as the “biggest acquisition in online real estate”. Lamudi is one of the 36… Read more »


GIC, Canada’s CPPIB in JV to acquire Seoul mall for $263m

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Singapore’s sovereign wealth fund GIC and Canada Pension Plan Investment Board (CPPIB) have formed a joint venture acquire the D-Cube Retail Mall in Seoul, South Korea for $263 million. The duo will buy this mall from Daesung Industries and post the deal, GIC and CPPIB will each own a 50… Read more »


Thailand’s Sansiri, BTS form 7 JV firms for developing properties along skytrain routes

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Thailand based real estate developer Sansiri PCL announced that it would be setting up seven joint venture companies with BTS Group Holdings towards the development plan for new residential projects, over the next 12 months. Under the Strategic Alliance Framework Agreement, Sansiri and the BTS Group will hold 50 per… Read more »


MY Dealbook: Mulpha plans private placement, Sunway buys land, MCT plans REIT

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Malaysia based real estate companies have been active on the corporate dealscape recently. While Mulpha Land seeks to raise funds through private placement, construction and property group Sunway Bhd has bought land near its flagship development. Also, MCT Bhd is planning to launch a REIT in about five years. Mulpha plans private placement… Read more »


Ascott opens new property, plans to acquire 10,000 European units by 2020

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The Ascott, the serviced residence business unit of Singapore-based CapitaLand, opened the Citadines Suites Arc de Triomphe Paris, as part of its celebrations to mark the 50th anniversary of Franco-Singapore trade relations. This deepens its footprint in the French market, where it operates 16 properties in Paris and 11 in the regional… Read more »


Ascendas Hospitality Trust sells Pullman hotel for A$75.1m

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Singapore-listed Ascendas Hospitality Trust (A-HTrust) Friday announced that it had sold the Pullman Cairns International hotel in Cairns, Australia, which it co-owns with TMG Developments, for A$75.1 million. It has sold this 321-room hotel to Shakespeare Property Group. The sale price represents a premium of 12.1 per cent to the… Read more »


CapitaLand to issue up to S$800m convertible bonds to cut ‘outstanding indebtedness’

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Singapore listed real estate firm CapitaLand will issue S$650 million bonds that can be converted into new shares to refinance debt. The bonds, which will be placed with institutional and accredited investors, will be listed on the Frankfurt Stock Exchange while the new shares will be traded in Singapore. The… Read more »


PH’s Century Properties drops civil case against Japan’s Okada Group

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Philippine-listed real estate company Century Properties Group Inc has dropped its civil case against the Okada Group of Japanese tycoon Kazuo Okada. Century Properties informed the stock exchange on Thursday that it is withdrawing its case against the group following a recent meeting that settled the issues amicably between the… Read more »


SG Realty Dealbook: Lum Chang, CIT acquire commercial and industrial assets

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Singapore real estate sector witnessed a number of acquisition deals in the commercial realty space, this week. While Lum Chang acquired an office building through its subsidiary UKPI, Cambridge Industrial Trust (CIT) bought an industrial asset located at Benoi Road in the Tuas-Jurong industrial district. Lum Chang buys London office building for… Read more »