Logistics major GLP closes two new European funds at $4b

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The funds attracted new investors including Korea Fire Officials Credit Union, the savings fund of Korea’s fire service, Oxford Properties, QuadReal Property Group, and Tesco Pension Investment.

GLP

India: Shopping malls emerge as favourite destination for shared offices

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Co-work space players Awfis, The Hive and SmartWorks are eyeing shopping complexes to open shared offices.


Actis acquires StanChart’s Asia real estate investment portfolio

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This portal had first reported the sale talks between StanChart and Actis in Nov 2017.


HDFC plans special situations fund to invest in stressed realty projects

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HDFC, which will be a sponsor to the fund, is in talks with investors to raise capital through the alternative investment fund (AIF) route.


US buyout firm PHI Group to set up Vietnam real estate investment fund

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PHI Group has entered into an agreement with Hanoi MHD Invest Joint Stock Company to set up the fund in Vietnam


China HNA in talks to sell New York building to B&L in likely $452m deal

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The transaction with B&L Management Co. values the 21-story building at $452 million and would cause HNA to realize a loss


Abu Dhabi Investment Authority selling Seoul building for up to $531m: Report

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ADIA acquired State Tower Namsan in 2015 for about $485.7 million from Shinhan BNP Paribas, outbidding IGIS Asset Management and RREEF.


CapitaLand-CDL JV acquires prime site in SG’s Sengkang Central for $565m

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The joint venture will transform the 3.7-hectare site into an integrated community hub with 700 residential apartments.


SG’s CapitaLand acquires two prime residential sites in Guangzhou for $297m

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The acquisition comes less than three months after CapitaLand announced its purchase of a 32-hectare prime mixed-used site in Chongqing for Rmb5.7 billion ($867 million).


GLP to sell 8 properties to its Japanese REIT for $765m

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The properties to be sold include seven GLP wholly-owned properties and one owned by GLP Japan Development Venture II.