SG Digest: PropertyGuru to pay 40% of 99.co’s legal costs; Fernhill Court on sale for $93m

By
Posted

A Singapore court has ordered PropertyGuru to pay rival 99.co an equivalent of 40% of its legal costs acquired as a result of a copyright infringement lawsuit involving the two.

Singapore

Gaw Capital, Country Garden launch $1b China distressed asset fund

By

Gaw follows the moves of foreign investors Bain Capital, Blackstone and Oaktree Capital.


India: Ascendas to buy two office buildings in Navi Mumbai for $137.6m

By

At present, Ascendas India Trust operates around 12.6 million sq. ft of office space in Bengaluru, Mumbai, Pune, Chennai and Hyderabad.


GIC sets up $675m China rental apartment JV with Warburg-backed Nova

By

GIC will also be acquiring a minority stake in Nova as part of the agreement.


Kanakia group to buy India Tube Mills land in Mumbai for $54m

By

The Kanakia group is looking to utilize the land either for mixed used development or building residential projects.


Singapore: Realty investment portal BitOfProperty closes seed funding round

By

Blockchain-powered real estate investment portal BitofProperty has secured funding from Japanese real estate and housing information services provider LIFULL.


Singapore’s GIC, Canadian pension fund to buy prime Seoul building for $380m

By

GIC said the joint venture will acquire Kumho Asiana Main Tower, located in the centre of Gwanghwamun, from Asiana Airlines’ parent company Asiana Group.


Dubai’s Emaar to sell hotel, other non-core assets in India

By

The developer now plans to focus on its premium projects and expand on its own in India following its separation from local partner MGF Developments Ltd.


Chinese real estate firm Tahoe Group to launch $3.1b M&A fund

By

Tahoe Group said the fund will be used to make investments in and for acquisitions of real estate projects.


Abu Dhabi Investment Authority selling Sydney Olympic Park hotels: Report

By

Adia bought the Olympic hotels portfolio in 2013 as part of the 31 properties, accounting for 4,097 rooms, it acquired from Sydney-based Tourism Asset Holdings.