Keppel to sell Orbista as part of full divestment in Vietnamese property developer

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The move is a part of its full divestment in Vietnamese property developer Quoc Loc Phat Joint Stock Company.

Asia Digest: Singapore TEE Land, Malaysia’s Crest Builder in realty deals

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Singapore’s TEE Land will be acquiring a freehold land along Upper East Cost Road for $43.86 million.


CapitaLand REIT to divest Singapore office asset Twenty Anson for $378m

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Last month, CCT had acquired a 94.9 per cent stake in Frankfurt-based commercial property, Galileo, for $414.9 million.


Singapore’s CapitaLand acquires prime mixed-used site in Chongqing for $867m

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The acquisition will add over 2,100 units to CapitaLand’s residential pipeline in China and double its retail network in Chongqing.


PH unicorn Revolution Precrafted cracks Europe with $52m Spain deal

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Spain becomes the 13th international market for Revolution Precrafted, which is in the middle of a global expansion spree.


Hedge funds accuse Indian real estate developer of $1.5b fraud

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IREO Management engaged in a billion-dollar criminal conspiracy involving shadow companies, dumped documents and “astonishing theft,” according to Axon Capital and Christopher Hohn’s Children’s Investment Fund Foundation.


India: Phoenix Mills acquires Indore mall for $35m

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Earlier this month, the company announced the acquisition of an under-construction mall in Lucknow for $66 million.


SG: ARA acquires full control of Cache Logistics Trust’s manager from CWT

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The move will enable consolidation of interest and decision-making within a single entity in ARA.


HK-based InfraRed NF acquires Shanghai shopping centre for $73.8m

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The acquisition follows InfraRed NF’s recent appointment of two investment directors in Shanghai as part of efforts to expand operations in China.


LaSalle buys ibis Styles Tokyo Bay via fifth Asian Opportunity fund

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LaSalle is banking on the rapid growth of inbound tourism to Japan in the next few years, where hotels near major tourist attractions are expected to benefit from the trend.