VinaCapital-backed Khang Dien House to divest entire stake in subsidiary for $9.4m

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Khang Dien said its board of directors has approved the company’s plan to divest its 51 per cent stake in Dat An Real Estate Trading and Investment JSC for a total value of VND214.2 billion ($9.4 million).

Philippine proptech unicorn Revolution Precrafted bags deal in Bahrain

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Revolution Precrafted has sealed more than $6.5-billion worth of deals overseas so far this year.


SGX-listed Ho Bee Land acquires London office asset for $861m

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With the Ropemaker Place deal, Ho Bee Land’s investment portfolio in London now stands at $1.7 billion.


Japanese Sumitomo-BRG Group JV to invest $1b for Hanoi smart city project

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The smart city project, which covers 270 ha in north of Hanoi, is expected to commence in the third quarter this year


Singapore’s Ascendas Hospitality Trust acquires three hotels in Japan for $93m

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A-HTrust is deepening its presence in the Japanese city of Osaka with a strong hospitality market.


Real estate investment manager AEW closes $1.12b third APAC fund

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The fund will focus on acquisition of assets in key gateway cities such as Hong Kong, Singapore, Seoul, Shanghai and Sydney.


HK’s CK Asset unit buys UBS London HQ from GIC, British Land for $1.3b

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British Land and Singaporean sovereign fund GIC jointly owned the 700,000 sq ft property.


Swire Properties in talks to sell Hong Kong towers for $1.8b

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The development adds to a spate of deals in the world’s priciest office market.


Blackstone raises over $9b for Asia-focused real estate, PE funds

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Blackstone has raised $7.1 billion for its second Asia real estate fund and another $2.3 billion for its first Asia PE fund. 


Blackstone, Temasek-backed Mapletree vie for Samsung building in Seoul

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The building is expected to be sold for around W787 billion ($730 million) because of its prime location. The bidding price is expected to go up with the participation of foreign investors.