Wells Fargo in talks to sell real estate unit Eastdil to Temasek, Guggenheim: WSJ

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The deal, if completed, will mark Temasek’s first direct investment in a US-based real estate brokerage.

CapitaLand, CRCT divest interest in Chinese mall venture for $31m

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Following the divestment, CRCT’s portfolio will have 10 malls in seven Chinese cities, while CapitaLand’s retail network in China will comprise 51 malls in 21 cities.


ESR to develop billion-dollar logistics park in Japan

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The project is backed by investment partners including Sam Zell’s Equity International (EI) and a US pension fund.


Even smaller Indian developers eyeing REITs now: CBRE’s Anshuman Magazine

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REIT provides an exit and brings in governance and transparency, he said.


Singapore’s Ascott REIT to acquire Sydney’s Felix Hotel for $43m

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SGX-listed Ascott REIT said the acquisition of Felix Hotel will bolster its portfolio in Australia to over 900 units across six properties.


Singapore’s Keppel consortium acquires Shanghai building for $690m

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The acquisition was done through Keppel Capital Holdings Ltd and Keppel Land China Limited.


Singapore’s Frasers raising stake in PGIM Real Estate Asia Retail Fund

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PGIM Real Estate Retail Fund is the latest fund of PGIM Real Estate, the largest non-listed retail mall fund in Singapore. It said it intends to finance the deal via internal funds, external borrowings or a combination thereof.


Piramal Capital to look at new real estate deals April onwards: MD Khushru Jijina

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The real estate sector, which has been struggling with weak demand and stagnant prices for years, has received another blow with the liquidity crisis at non-banking financial companies (NBFCs).


KKR said to seek $1.5b for first Asia real estate fund

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The private equity firm is learnt to be moving towards first-close of the fund late in the second quarter.


India: DLF forms JV with Hines for $275m Gurugram commercial project

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Hines will initially own 33% equity share of the JV with an option to increase stake up to 49%. It has invested around Rs500 crore in the first tranche.