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 »


BI, Indonesian govt introduce new policies to support the struggling real estate sector

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Indonesia property developers faced constrained business during the first half of the year, as sales lagged on the back of domestic economic slowdown and regulatory uncertainties. Central Bank of Republic Indonesia (BI) survey shows that the rate of growth in the residential property sales in Q1 2015 dropped significantly to 26.6… Read more »


Singapore Realty Dealbook: GIC pays $42m for minority stake in Aliansce’s Brazilian mall; Metro Holdings exits Japanese property market

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Singapore’s based companies are investing and divesting in real estate abroad. While GIC has acquired a stake in Brazilian mall, Metro Holding has exited the Japanese realty market by divesting from the sole office building the company owned in Tokyo GIC pays $42m for minority stake in Aliansce’s Brazilian mall… Read more »


PropertyGuru acquires ePropertyTrack for an undisclosed amount

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Fresh from a capital infusion of S$175 million, Singapore’s leading realty portal PropertyGuru Friday said it had acquired ePropertyTrack, a project sales and marketing company in Southeast Asia, for an undisclosed amount. PropertyGuru said the deal will strengthen its sales, marketing and data insights capabilities for the real estate industry. The… Read more »


AIRA enters into JV with SENA, SFC for real estate development in Thailand

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AIRA Property Co Ltd, a wholly-owned property unit of Thailand-based financial firm AIRA Capital PCL, signed a memorandum of understanding with Sena Development and Sangfah Construction and Engineering Co Ltd to jointly invest in at least five high-rise building projects worth 5 billion baht over the next five years. The… Read more »


Thailand’s CP Land ready for its first overseas expansion

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CP Land PCL, a property arm of Thailand’s agribusiness conglomerate Charoen Pokphand (CP) Group, is to make its first step to expand its business in the overseas market through acquisitions this year. It plans to spend 500 million baht (about $15 million) on taking over an office building in Yangon… Read more »