PH’s Roxas & Co to invest $39.7m for 5 new GoHotels around Metro Manila

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Roxas & Company Inc (RCI), a listed holding firm in the Philippines, intends to spend P1.7 billion ($39.7 million) in the next two years for the construction of new hotels around Metro Manila. Pedro Roxas, chairman, president and CEO of RCI, said the Roxas Group will be spending about P350… Read more »

Singapore Dealbook: HLH Group, Starburst Holdings

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Two Singapore listed firms have done real estate deals that will enable them to expand operations. For HLH Group, the latest property deal involves acquiring land in Cambodia, while for Starburst Holdings, it will facilitate consolidation of its operations locally HLH Group forays into Cambodia with land deal HLH Group Limited said… Read more »


Yoma unveils third phase of Star City Development

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Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon. Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B… Read more »


FMI, LSC to develop $24m high-end property in Myanmar capital

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First Myanmar Investment Co Ltd (FMI) and Lighting Specialist Co Ltd (LSC) have struck a joint venture deal to develop a high-end property in the country’s capital Naypyitaw. At a total cost of approximately $24 million, construction of KrisPlaza is scheduled to start in early 2015 with completion earmarked for… Read more »


Axa ropes in Temasek to build London’s tallest tower

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Axa Real Estate Investment Managers, the property unit of Europe’s largest insurer, along with developer Lipton Rogers, Friday said it they had agreed to takeover the stalled Pinnacle tower development in London’s Square Mile. While the companies did not disclose transaction details, media reports, including a Bloomberg story, quoting a… Read more »


Thailand’s Charn Issara plans $31.25m REIT for Sri Panwa

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Thailand’s Charn Issara Development PLC is planning to turn the upcoming phase two of its Phuket-based upscale resort property Sri Panwa, into a one-billion-baht ($31.25 million) real estate investment trust (REIT). This will happen after the project is completed by September end, this year. The proceeds from this REIT will be used to invest in developing… Read more »


PH’s PhilRealty sells land parcels for $4.5m

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Philippine Realty and Holdings Corp (PhilRealty) announced on Wednesday that it sold parcels of land in La Union Province to Humboltbay Holdings Inc for P202.1 million ($4.5 million).


CapitaLand buys CL Township for $191m, sells SIC stake

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Singapore’s CapitaLand Limited is to acquire the remaining 60 per cent equity interest in CapitaLand Township Holdings Pte Ltd (CL Township) from Arakan Investments Pte Ltd (Arakan), a wholly-owned subsidiary of Temasek Holdings, for S$240 million ($191.95 million). At the same time, it will also sell its 40 per cent equity interest in… Read more »


Thai hotelier to launch Dusit D2 brand in Myanmar

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Thai hospitality and hotel conglomerate Dusit International said it has signed a hotel management agreement (HMA) to open its contemporary D2 brand in Myanmar. Slated for a 2017 opening date, the dusitD2 Residence Yangon is situated between the city centre and Yangon International Airport. The residence will offer 300 units,… Read more »


SG’s Rowsley inks JV for $550m Myanmar project

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Singapore-based lifestyle real estate and investment company Rowsley Ltd, that is part-owned by billionaire Peter Lim, has teamed up with Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) to jointly build and manage a $550-million (S$748-million) mixed-use development in Yangon, Myanmar. The deal will see Rowsley invest $275 million for 50 per… Read more »