Singapore: Pontiac Land Group to invest $300m in redeveloping Syndey properties

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Singapore-based Pontiac Land Group will be investing A$300 million ($300.7 million) to redevelop two heritage sandstone buildings located in Sydney’s central business district. As part of an asset enhancement initiative (AEI), these properties are proposed to be developed into a 240-room luxury hotel. The two buildings are Lands Building and Education Building on… Read more »

Hotel Leelaventure agrees to sell Goa hotel to Malaysia’s MetTube Sdn Bhd for $111m

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Debt laden Hotel Leelaventure Ltd that runs Leela chain of luxury hotels has entered into a so-called business transfer agreement to sell The Leela, Goa, to Malaysia-based conglomerate MetTube Sdn Bhd for Rs.725 crore ($111 million) The property is being sold through Ceres Hotels Pvt. Ltd, a unit of MetTube…. Read more »


A-Reit to acquire logistics portfolio in Australia for $719m

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Singapore listed Ascendas Real Estate Investment Trust (A-Reit) said Friday it has reached a deal to acquire 26 logistics properties in Australia for A$1.013 billion ($719 million) . A-Reit will be acquiring these properties from Singapore’s sovereign wealth fund GIC and Frasers Property Australia. Tan Ser Ping, executive director and… Read more »


Malaysia: Pavilion REIT to acquire da:mén USJ mall for $115m

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Pavilion Real Estate Investment Trust (REIT) has proposed to acquire da:mén USJ shopping mall from Equine Park Country Resort Sdn Bhd and Revenue Concept Sdn Bhd for MYR488 million ($115.1 million). In a filing with Bursa Malaysia on Wednesday, Pavillion REIT said its manager, Pavilion REIT Management Sdn Bhd, has… Read more »


SG Realty Dealbook: Another lot of Joo Chiat shophouses for sale; Fraser’s wins big Down Under

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A second lot of three shophouses in one of Singapore’s historic districts, Joo Chiat, are up for sale via public tender, with a stated minimum consideration of S$28 million. Meanwhile, Frasers Centrepoint’s Australian unit has secured in excess of S$270 million in contracts, highlighting the opportunities present in the Australian… Read more »


Abbott India buys office space in Mumbai for $211m

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Pharmaceutical firm Abbott India Ltd has closed a Rs.1,400 crore ($211 million) deal to buy office space in Mumbai, in one of the largest commercial real estate deals in recent times, said two persons familiar with the transaction. Abbott has bought 500,000 sq. ft. in office space at Godrej BKC… Read more »


India: NoBroker office attacked by mob in Bengaluru, employees beaten up

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Tuesday started like any other day at NoBroker Technologies Solutions Pvt. Ltd., the Bengaluru-based online real estate rental firm. Around a hundred employees were working at its office located on the first floor of a building in HSR Layout. At 11 am, about 40 real estate brokers and hooligans started shouting… Read more »


CapitaLand forms JV with Thien Duc to develop $150m residential project in Vietnam

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Singapore-headquartered real estate major CapitaLand, through its wholly owned subsidiary – CapitaLand (Vietnam) Holdings – has entered a joint venture in Vietnam to develop its seventh residential project worth $150 million in the country. The Singapore-listed firm’s subsidiary has entered into an 80:20 joint venture with Thien Duc Trading-Construction Company to… Read more »


Chiwayland China unit to sell 4% stake in subsidiary

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Chiwayland International Limited has announced that its mainland China unit, a wholly-owned subsidiary operating as Suzhou Chiwayland Group (SCG), has entered into a share purchase agreement to sell 4 per cent of its equity stake in Suzhou Xingshang Tiandi Real Estate (SXTRE) to Beijing Chance Capital Management. SXTRE is an indirect subsidiary… Read more »


SG Realty Dealbook: Joo Chiat shophouses on the block; Superbowl Jurong up for sale

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Singapore firms are seeking to sell off their properties with a row of Joo Chiat shophouses up for sale. The owners are expecting bids up to $14 million, as well as deciding on the tenure. SuperBowl Jurong is also up for sale for $20 million. New owners will be able… Read more »