Bong Sen Corp eyes 51% in Daewoo hotel complex in Hanoi

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Vietnamese hospitality property developer Bong Sen Corp is eyeing a controlling stake of 51 per cent in the Daeha Trade Centre, managed by the Hanoi-based Korean-invested Daeha Business Co Ltd, reported the ttvn.vn. DEALSTREETASIA has reached out to Bong Sen Corp, but a company official declined to give details. The… Read more »

SG Realty Dealbook: Abterra buys 60% stake in Beijing property for S$78.9m, Oxley in S$160m forward sale of 195 units

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Singapore companies continue to do robust realty deal abroad, and the latest involves minerals and mining firm Abterra, venturing into the realty space by buying a controlling stake in a Beijing property for just under S$79 million, and Oxley Holdings, via its subsidiary, entering into a share purchase agreement for the forward… Read more »


Japan’s Creed Group invests $200m for 20% stake in Vietnam’s realty co An Gia Investment

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Tokyo-headquartered investment fund Creed Group on Sunday inked a deal to invest $200 million in An Gia Investment, for a 20 per cent stake holding in the Vietnamese real estate company. In addition, Creed Group, which manages a portfolio of $5 billion assets, will provide 50 per cent of the capital… Read more »


SC Capital joins Fortius Funds Management to buy Sydney office tower

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Singapore based institutional real estate private equity investment firm, SC Capital Partners has teamed up with Fortius Funds Management to buy Bligh House office tower in the Sydney central business district for $68 million, a report said. This is the fourth property that the Singapore-based private equity firm has bought in… Read more »


Thailand-based Singha Estate’s subsidiary buys Sun Towers in Bangkok

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Max Future Co, a subsidiary of the Thailand-based Singha Estate PCL, has acquired the 4.5-billion-baht Sun Towers office building from Sun Towers last week, according a filing at the Stock Exchange of Thailand. The company’s press release statement said that the investment was done according to the company’s business plan and it has gained another quality… Read more »


FCOT to sell 96m new units to fund Melbourne property acquisition

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Frasers Commercial Trust (FCOT) has raised S$142.1 million from a private placement of 96 million units at an issue price of S$1.48 per for every new unit, the company said. The issue price was at the top end of the price range, and the private placement was upsized 14.3 per… Read more »


Vietnam’s realty firm FLC acquires Hanoi-based abandoned project

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Vietnam’s property developer FLC Group has taken over a project located in the urban district Cau Giay, Hanoi, by acquiring 22.8 per cent of the Chemical and Scientific Technological Materials JSC (CEMACO), the project owner, FLC has confirmed through a post on its website. In addition, Dam Ngoc Bich, deputy general… Read more »


CapitaLand sells Bedok Mall to CapitaLand Mall Trust for S$780m

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Capitaland Limited, via its wholly-owned subsidiaries Brilliance Residential and CMA Singapore Investments, is selling Bedok Mall to CapitaLand Mall Trust (CMT) for S$783.1 million, the company announced earlier this week. This acquisition is based on an agreed value of Bedok Mall of S$780.0 million and other net assets of Brilliance… Read more »


1MDB’s Bandar Malaysia attracts interest from 40 investors

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1Malaysia Development Bhd’s (1MDB) Bandar Malaysia project has received investment interest from 40 top local and foreign developers, who have existing projects in Malaysia. Transaction adviser to 1MDB Real Estate Sdn Bhd (1MDB RE), CH Williams Talhar & Wong (WTW) said they received “strong interest”, with some “40 parties, including… Read more »


Singapore’s Oxley Group acquires 20% stake in UK’s Galliard for $78.11m

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Singapore-based lifestyle property developer, Oxley Holdings Limited (Oxley Group), has entered into a subscription and shareholders’ agreement to acquire a 20 per cent stake in the enlarged share capital of the UK-based Galliard Group for GBP 50 million ($78.11 million). This strategic acquisition is important as the Oxley Group further establishes its London footprint. The Galliard Group partnership… Read more »