India: GIC said to be frontrunner to acquire $200m stake in Prestige office rental unit

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GIC is likely to pick up around 40 per cent stake in the rent-yielding, 5-million-sqft office portfolio

Singapore: Low Keng Huat buys Cairnhill Mansions for $277m

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The property developer said the acquisition would enable Low Keng Huat to replenish its land bank for residential developments in Singapore.


Japan: Hankyu REIT acquires retail property Mets Ozone for $51m

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Mets Ozone is a community-based retail facility located in Higashi-ku, Nagoya City.


Manhattan mansion affiliated with China’s HNA sells for $90m

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The five-story property on East 64th Street was sold for $90 million, according to records filed with New York City.


Sunteck to acquire beleaguered Orbit Corp’s property in Mumbai’s Malabar Hills

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This is a major relief for the promoters of beleaguered Orbit Corp., who were facing attachment of properties and a travel ban by the Bombay high court.


India: Piramal Finance to invest $469m in affordable housing projects

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Piramal intends to scale it up and invest around $2 billion in such projects by 2020.


Singapore’s GIC-led group targets data centre investments in North America

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A new vehicle will initially be capitalised with over $800 million of equity targeted to support approximately $2 billion in data center development and investment.


India: DLF’s commercial assets JV with GIC to operate as business trust or private REIT

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In December, DLF promoters had concluded the sale of a 33.34% stake in its rental arm to GIC Pte Ltd for around Rs8,900 crore.


Singapore’s Mirach Energy seeks to acquire 70% of Malaysia’s RCL Kelstar in diversification move

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Mirach said the acquisition will allow its subsidiary CPHL and RCL Kelstar to jointly develop a multi-storey project in Malaysia.


CapitaLand acquires Singapore’s Pearl Bank Apartments for $550m

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The sale price translates to a land cost of approximately S$1,515 per square foot per gross floor area.