CBRE advises Panasonic and Kyocera on land sale, maximises value of asset
CBRE recently supported the sale of land in Osaka that previously housed Panasonic subsidiary Sanyo Electric’s Suminodo factory and Kyocera’s Osaka Daito Office.
Colliers’ commentary on the tender closing for Dunman Road and Pine Grove (Parcel A)
Both sites were launched for tender in Q1 2022 under the Confirmed List on the 1H 2022 government land sales (GLS) programme. The tenders closed on 2 June 2022 with just a handful of bids, albeit at robust prices says Colliers.
Edmund Tie brokers the Collective Sale of Golden Mile Complex at S$700 million
Edmund Tie & Company as the sole marketing agent announces the collective sale of iconic landmark, Golden Mile Complex, at S$700 million to a consortium comprising Perennial Holdings Pte Ltd, Sino Land, and Far East Organization. The collective sale of Golden Mile Complex is subject to the...
Huizhou Greater Bay Area iconic high-end Shopping Mall Huamao Place (華貿天地) sold to Spring REIT
Mr. Leung Kwok Hoe, Kevin, CEO and an Executive Director of Spring Asset Management Limited said, “The acquisition of Huamao (華貿天地) is fully in line with Spring REIT’s strategy to invest in yield-accretive and income-producing real estate assets with long-term growth potential.
TA Corporation Ltd Freehold Serviced Apartment Building near Novena Medical Hub sold for $86.5 M by Delasa
A 15-storey serviced apartment development located next to Health City Novena was sold by TA Realty Pte Ltd, a wholly-owned subsidiary of TA Corporation Limited, for $86.5 million to RL Shan Pte Ltd a joint venture between RL Properties Pte Ltd (a wholly owned subsidiary of Roxy-Pacific Holdings...
JLL advises on JCube transaction in Singapore S$340m
JLL announced that it advised on the divestment of JCube, a mall owned by CapitaLand Integrated Commercial Trust (CICT) in Singapore. CICT, a Singapore Exchange (SGX) listed real estate investment trust (REIT), today announced the closure of the S$340 million disposal of the asset to Tanglin R.E...
CapitaLand sold all units of DEFINE luxury residential development Ho Chi Minh City Vietnam in two hours
CapitaLand sold DEFINE Vietnam in two hours at average selling price of VND125 m per Sqm in exclusive weekend preview. Mr Ronald Tay CEO of CLD Vietnam said: “The stellar sales performance of DEFINE is a testament to CapitaLand’s reputation and real estate expertise in designing and delivering...
Colliers advises on Weave Living’s acquisition of a hotel in the Kai Tak area for HK$380 million
Colliers Hong Kong Capital Markets & Investment Services (CMIS) team is pleased to share that it has advised on the acquisition of a hotel building in the Kai Tak area by Weave Living for approximately HK$380 million.
CapitaLand divests two malls Circa JPY 42 billion and invests JPY 7.5 billion in second logistics asset in Japan to grow in new economy sector
CapitaLand will invest about JPY 7.5 billion1 (S$90.8 million2) to fully acquire a freehold site and develop a four-storey modern logistics facility in Ibaraki City, Osaka, Japan. This is CapitaLand’s second logistics development in Japan.
ESR Kendall Square REIT adds US$94.2 million Yongin BRIC logistics asset to portfolio
ESR Kendall Square REIT (the “REIT”; 365550 KS) has successfully completed another acquisition of a recently completed mixed-use logistics facility for US$94.2 million (or KRW 103 billion). This acquisition comes on the heels of last week’s successful drop down of the 11th asset “Anseong LP”....
