News
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May 21, 2013 - Macquarie sells out of MGPA
Outlet: The Age
Macquarie Bank has sold out of one of the last remaining pre-GFC property funds management operations with the takeover of real estate advisory firm MGPA by US company BlackRock.
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May 21, 2013 - CBRE futher strengthens capital markets team
Outlet: Released
CBRE has further strengthened its capital markets group with the appointment of Stephen Miles from Jones Lang LaSalle to support real estate investment clients throughout the EMEA region.
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May 21, 2013 - Hong Kong is top target for new retail entrants
Outlet: Released
Hong Kong is the world’s hottest retail market, attracting significantly more new entrants than any other city, according to the 2013 edition of How Global is the Business of Retail? by leading global property advisor CBRE.
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May 20, 2013 - Valley property sold for $124 million
Outlet: Brisbane Times
A commercial office tower on Ann St., located Fortitude Valley's real estate market, has been sold for $124.67 million, as part of a massive deal set to re-shape the bottom end of the street.
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May 17, 2013 - Nippon Prologis to raise $808 million to expand in Japan
Outlet: American Journal Of Transportation - Online, The
Nippon Prologis REIT, a real estate trust set up by U.S. warehouse operator Prologis, said it would sell 96,200 new shares worth 82.8 billion yen ($808 million) to further expand in Japan.
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May 16, 2013 - BNP Paribas Real Estate sells advisory business in India
Outlet: Livemint.com
BNP Paribas SA, France's largest bank, has sold its majority stake in its Indian real estate advisory unit to its local joint venture partner for an undisclosed amount.
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May 15, 2013 - GPT to sell interest in Australian shopping center
Outlet: Released
Australian REIT GPT has plans to sell its 50 percent stake in the Erina Fair shopping mall in New South Wales for $397.1 million. The National Pension Service of South Korea is reportedly the buyer.
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May 15, 2013 - Aberdeen Asia nears final close for third Asia fund
Outlet: Institutional Real Estate Newsline
Aberdeen Asset Management has plans to hold a final close for its Aberdeen Asia III Property Fund of Funds on May 31.
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May 15, 2013 - Skai Holdings to build $1 billion hotel on Palm Jumeirah
Outlet: Gulf News - Online
Dubai-based Skai Holdings plans to build a $1 billion hotel with over 200 serviced apartments on Palm Jumeirah.
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May 14, 2013 - Dexus sells five of its six European properties
Outlet: Yahoo! Finance Australia
Australia-based Dexus Property Group has sold five of its six remaining European industrial properties for a total of €16.5 million ($21.2 million).
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May 13, 2013 - Asia Pacific REIT investing
Outlet: Wealth Daily
In the American real estate market, mistakes were made by the lot-full from the early 2000’s until the sub-prime real estate implosion of 2008, the consequences of which are still plaguing the U.S. economy all these years later.
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May 13, 2013 - Rockspring extends Asia Pacific platform with the launch of first North East Asian office in Seoul
Outlet: Released
Rockspring Property Investment Managers has opened an office in Seoul, South Korea, to further support its growing investor base in the region.
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May 13, 2013 - M&G partners with Asian institutional investor to acquire three superstores
Outlet: Released
M&G Real Estate has formed a partnership with an Asian institutional investor to acquire a 70 percent stake in the long leases of three superstores with a combined market value of £237 million.
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May 12, 2013 - Rockspring opens South Korea office
Outlet: Property Week - Online
Rockspring Property Investment Managers has opened its first north east Asia office in Seoul, South Korea.
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May 10, 2013 - AXA Real Estate’s Tokyo Office Property Fund completes second acquisition
Outlet: Released
Tokyo Office Property Fund, a fund managed by AXA Real Estate Investment Managers, has completed the acquisition of Kyobashi Square, a core building located in the Chuo-Ku district of central Tokyo, from Godo Kaisha Kyobashi Property.
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May 10, 2013 - Hong Kong property sales plummet
Outlet: WorldPropertyChannel.com
Hong Kong property sales are down 60 percent from a year ago, providing the first clear evidence that new government policies are slowing down one of the world's hottest markets.
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May 9, 2013 - Mirvac nets $584 million in office assets
Outlet: Fairfield City Champion - Online
Mirvac has kicked off its new strategy of focussing on the core office sector with the highly-anticipated acquisition of seven GE Capital office assets in Sydney, Melbourne and Perth, valued at $584 million.
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May 9, 2013 - Malaysia's biggest REIT jumps on relisting as property shines
Outlet: Yahoo! Finance
KLCC Property Real Estate Investment Trust, Malaysia's biggest REIT, rose as much as 6.3 percent in its relisting on Thursday, benefiting from strong demand for property-related stocks amid growth in Southeast Asia's third-biggest economy.
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May 9, 2013 - LaSalle to sell logistics portfolio to Japanese investors
Outlet: Institutional Real Estate Newsline
Chicago-based LaSalle Investment Management will be selling eight logistics assets in Japan to a group of Japanese institutional investors for $900 million.
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May 8, 2013 - Dubai eyes $500 million distressed property fund by end-2013
Outlet: ArabianBusiness.com
Investment Corporation of Dubai and Brookfield Asset Management expect to secure the $500 million in financing needed to launch a real estate fund to help recapitalize stalled or semi-complete projects in Dubai by the end of 2013.
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May 8, 2013 - CBBIB, GECRE form $403 million Tokyo office venture
Outlet: Released
Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate (GECRE) has formed the Tokyo Office Venture targeting investment in mid-size class A and class B offices in key Central Business District sub-markets.
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May 8, 2013 - China property developers look to build in the United States
Outlet: WorldPropertyChannel.com
Chinese property developers are looking for development opportunities in the United States, following the fast-growing number of Chinese citizens buying property in the U.S.
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May 7, 2013 - Fundraising volume on the downturn
Outlet: Institutional Real Estate Newsline
Fundraising activity slowed drastically during first quarter 2013 compared with the high volume posted during fourth quarter 2012.
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May 1, 2013 - Ascott Reit to acquire China and Japan properties for $287 million
Outlet: Released
Ascott Residence Trust has agreed to acquire three prime serviced residences in China and a stable portfolio of 11 rental housing properties in Japan for $287.4 million.
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May 1, 2013 - Foreign investors moving beyond top tier markets to buy office property in more U.S. cities
Outlet: CoStar Group
Foreign investors continued to widen their horizons in the first quarter of 2013 by making substantial investments in markets such as Denver, Portland, Tampa and the Inland Empire region in California.
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May 1, 2013 - South Koreans to pay $348 million for Loop office tower
Outlet: Crain's Chicago Business - Online
John Buck Co. is teaming up with South Korean investors to buy a 50-story Loop office tower, continuing the Asian nation's aggressive push into U.S. real estate.
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May 1, 2013 - Japan venture for Goodman
Outlet: Australian- Online, The
The Goodman Group's Goodman Japan Development Partnership has bought a Japanese site for a big industrial development.
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May 1, 2013 - CBRE announces senior hire to support asian capital seeking global investment
Outlet: Released
Marc Giuffrida will join CBRE as executive director and will be based in Singapore. Marc will build and lead a team across Asia to further strengthen CBRE’s global capability
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April 29, 2013 - A-REIT Charter Hall Group plans to invest A$1.3 billion in property
Outlet: Bloomberg
Australian REIT, Charter Hall Group, plans to buy about A$1.3 billion ($1.3 billion) of offices, shopping centers and warehouses in 2013. The acquisitions will boost Australian assets under management by 31 percent to about A$11 billion by the end of the year.
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April 29, 2013 - Westfield exits Brazilian venture
Outlet: Sydney Morning Herald
Westfield Group has sold its 50 percent interest in its joint venture in Brazil with Almeida Junior Shopping Centers.
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April 28, 2013 - BlackRock hires from Principal to start REITs team
Outlet: Asian Investor - Online
Alastair Gillespie has joined the U.S. fund house as chief investment officer of Asia-Pacific real estate securities with a mandate to hire.
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April 26, 2013 - Korean investor buys Houston office tower for $480 million
Outlet: Culture Map Houston
Invesco Real Estate, on behalf of the National Pension Service of Korea, has purchased the 46-story BG Group Place office tower in downtown Houston for $480 million.
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April 26, 2013 - Oxford Properties acquires home of The London Stock Exchange
Outlet: Released
Ontario Municipal Employees Retirement System’s (OMERS) real estate unit, Oxford Properties, has bought the London Stock Exchange’s headquarters from Mitsubishi Estate Co. for $364 million.
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April 26, 2013 - SEB Asset Management sells shopping centre in Japan
Outlet: Released
SEB Asset Management has sold the AEON Mall Chiba NEW TOWN in Chiba, Japan, to a Japanese company. The selling price was the equivalent of approximately €100 million.
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April 26, 2013 - More U.S. investors spanning the globe for real estate
Outlet: US Daily, The
U.S. investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years.
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April 25, 2013 - Dexus buys Brisbane office for $543.9 million
Dexus Property Group and the Dexus Wholesale Property fund have jointly acquired the under-construction 480 Queen St. office tower from Grocon at an estimated cost of $543.9 million on completion.
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April 24, 2013 - Blackstone shops for malls
Outlet: Weekend Australian, The
The Blackstone Group has been circling two Australian shopping centers worth $1.2 billion. The properties are the Erina Fair shopping center on the central coast of NSW and the Greensborough Plaza in Melbourne.
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April 24, 2013 - Australian superannuation funds to look at U.S. property market
Outlet: Australian- Online, The
Plans by the Obama administration to abolish the United States's Foreign Investment in Real Property Tax Act are expected to ease the way for Australian superannuation funds looking to invest in U.S. property markets, says Russell Investments.
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April 24, 2013 - Corestate expands to Asia with new office in Singapore
Outlet: Released
Corestate Capital has opened an office in Singapore to better serve its existing investors from the Middle East and Asia, while also increasing its fundraising and investment efforts in these markets.
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April 23, 2013 - Condo project in Vietnam begins marketing units
Outlet: Bao Moi.com
Japan-based Becamex Tokyu Co. has launched the sample apartment of Sora Gardens, a component of the $1.2 billion urban project Tokyu Binh Duong Garden City in Vietnam.
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April 22, 2013 - Dubai real estate recovery continues with 16 consecutive months of steady price rises
Outlet: Released
Dubai real estate prices and rents have seen the 16th consecutive monthly increase in March, continuing the steady recovery in the sector and highlighting the return of investor confidence in Dubai.
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April 22, 2013 - Italian luxury designer outlet Florentia Village arrives in Shanghai
Outlet: Released
Silk Road Holdings has acquired its latest designer outlet development site, located in the Pudong New District of Shanghai.Silk
Road Holdings intends to open the Shanghai project as well as a Florentia Village in Guangzhou before the end of 2014.
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April 19, 2013 - Henderson Chinese designer outlet venture buys Shanghai site
Outlet: CoStar UK News
Henderson has bought a development site in Pudong New District of Shanghai for an undisclosed price. The purchase was made on behalf of its $500 million Silk Road Holdings joint venture focused on investing in the Chinese designer outlet centre market.
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April 19, 2013 - Deka Immobilien sells commercial property in Tokyo
Outlet: Released
Deka Immobilien GmbH has sold the TK Shinbashi office and retail building in Tokyo for the equivalent of approximately €44 million.
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April 17, 2013 - South Korean investor interested in Australian Four Seasons
Outlet: Australian- Online, The
A South Korean group looking to make its first foray into Australia has been included on a shortlist of about five candidates to buy the Four Seasons Hotel overlooking Sydney's Circular Quay for as much as $400 million.
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April 17, 2013 - Blackstone plans fund to target Asia property
Outlet: WorldPropertyChannel.com
Blackstone Group aims to raise the largest real estate fund devoted to China and Asian markets, despite reports of a looming slowdown in the market.
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April 17, 2013 - LaSalle receives license to conduct asset management business in South Korea
Outlet: Released
LaSalle Investment Management has obtained a license from the Financial Services Commission of South Korea to conduct asset management business in the country.
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April 17, 2013 - Singaporeans invest $2.19 billion in Australian office properties
Outlet: Yahoo! Finance Singapore
Jones Lang LaSalle Research shows offshore investment in the Australian office market reached a record high in 2012 at 42.9 percent of purchasers. More specifically, from the year 2010 to date, close to A$3 billion was invested into the Australian market from Hong Kong, Singapore and Malaysia - 73 percent of this figure was from Singaporean investors.
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April 16, 2013 - Rally in commercial real estate not over yet, UBS says
Outlet: Wall Street Journal
Global real estate valuations are stretched after three years of excellent performance, but the rally isn’t over just yet, said Kim Wright, global real-estate strategist for UBS.
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April 16, 2013 - Increase in foreign investment in Australian funds
Outlet: Property Oz
Offshore investors have been targeting Australian retail property through unlisted wholesale funds, driving firmer yields for prime assets, according to research from Savills Australia.
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April 16, 2013 - China Vanke invests in Singapore property through joint venture
Outlet: Bloomberg News - Online
China Vanke Co., the biggest developer listed on Chinese exchanges, is entering Singapore’s property market in a venture with Keppel Land Ltd. Vanke will acquire 30 percent in Keppel’s Sherwood Development Pte for S$135.5 million ($110 million).
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April 16, 2013 - Apartments lead Japan REITs
Outlet: WorldPropertyChannel.com
Japanese REITs focusing on apartments performed better than other property sectors over the last five years, according to the Bloomberg Riskless Return Rankings.
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April 15, 2013 - Hongye commits $100 million to Calif.-based real estate
Outlet: SF Gate
Hongye International of Wuhai, China is investing $100 million of private equity investment into the Arcadia, California-based firm Singpoli Capital to develop green energy, biochemistry, media, high-technology and real estate construction projects in California.
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April 15, 2013 - GRESB appoints Ruben Langbroek as head of Asia
Outlet: Released
The Global Real Estate Sustainability Benchmark (GRESB) today announced the appointment of Ruben Langbroek as its new Head of Asia. Based in Singapore, Ruben will be responsible for the strategic development of GRESB in Asia.
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April 15, 2013 - Forum Partners appoints new head of Asia
Outlet: Released
Forum Partners has appointed Gregory Wells as managing director and head of Asia in the firm’s Hong Kong office. He joins from Deutsche Bank and will be responsible for overseeing the firm’s private equity business in Asia.
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April 12, 2013 - Hony Capital acquires 10 percent stake in Chinese property developer
Outlet: Asian Venture Capital Journal, The
Hony Capital has bought a 10 percent stakes in Shanghai-listed property developer Shanghai Chengtou Holding for RMB1.8 billion ($290 million).
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April 12, 2013 - Henderson launches global property fund
Outlet: Yahoo! Finance Singapore
Henderson Global Investors has launched the Henderson Global Property Income Fund to help investors tap on opportunities in the global property market.
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April 10, 2013 - MGPA holds €135 million second close
Outlet: Released
MGPA has held a second close for its Asia real estate fund for German institutional investors.
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April 10, 2013 - Westfield launches $400 million redevelopment project
Outlet: Weekend Australian, The
Westfield Retail Trust is to launch a $400 million redevelopment to expand the Westfield Garden City at Mt Gravatt in Brisbane.
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April 10, 2013 - India's finance minister travels to Canada to pitch infrastructure
Outlet: Business Standard - New Delhi Edition
India's finance minister P. Chidambaram will be visiting Toronto next week to pitch India, especially its infrastructure sector, as an attractive destination for investors from Canada.
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April 10, 2013 - Investcorp invests $200 million in U.S. office portfolio
Outlet: GlobeSt.com
Investcorp, an investment fund listed on the Bahrain Bourse and with offices in New York, London and Bahrain, has snapped up five office buildings in three U.S. cities for a total of $200 million.
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April 10, 2013 - Shanghai's property sales hit two-year high
Outlet: China Daily European Weekly - Online
About 3.1 million square meters of gross floor area were sold in Shanghai's primary housing market in the first quarter, the highest level in two years.
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April 10, 2013 - Manulife to acquire office tower at One Bay East in Kowloon from Wheelock Properties
Outlet: Yahoo! Finance Singapore
Wheelock Properties Limited and Manulife International Limited have signed a sale-and-purchase agreement for the West Tower at One Bay East at 83 Hoi Bun Road, Kowloon East for HK$4.5 billion ($578 million), marking the largest single office tower pu
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April 10, 2013 - Asia Pacific REIT market value soars in March
Outlet: Business Times - Online
The Asia Pacific real estate investment trust's (REIT) market value leapfrogged the $250 billion threshold during March, to scale a new high of $265 billion, said the Asia Pacific Real Estate Association.
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April 9, 2013 - Singapore property set to be sold for a staggering $242 million
Outlet: Property Report Thailand - Online
An elevated 7,900-square-meter plot, located on Singapore’s coveted Nassim Road, was recently put on the market for a record $242 million. The plot comprises a two-storey property, tennis court and swimming.
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April 9, 2013 - Carlyle buys Shanghai office tower for $267 million
Outlet: Reuters
The Carlyle Group has acquired a Shanghai office building, Central Plaza, for $267 million from Singapore-listed real estate fund Forterra Trust.
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April 9, 2013 - Overseas buyers increase investments in Australia
Outlet: Sydney Morning Herald - Online
Overseas buyers are increasing their investments in Australian retail and office assets via unlisted wholesale funds, driving firmer yields and competition for prime assets, agents say.
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April 9, 2013 - Hong Kong office rental market to grow steadily in 2013
Outlet: DNA India - Online
According to Cushman & Wakefield's latest research report, Office MarketBeat, performance of Greater Central and non-core districts maintained its divergent trend.
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April 8, 2013 - China mall supply seen meeting demand
Outlet: Women's Wear Daily - Online
China is building an unprecedented number of shopping malls and while some observers might be concerned about an oversupply, new research from Jones Lang LaSalle.
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April 8, 2013 - MUFG buys U.S. property loans from Deutsche worth $3.7 billion
Outlet: Selftrade.co.uk
Mitsubishi UFJ Financial Group has acquired a U.S. commercial property loan portfolio from a Deutsche Bank unit worth $3.7 billion.
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April 8, 2013 - MAC buys into Brisbane office tower
Outlet: Property Australia - Online
The SA Motor Accident Commission (MAC) has acquired Grosvenor’s 50 percent interest in 400 George St., Brisbane for $195.8 million.
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April 5, 2013 - Gaw Capital raises $200 million for opportunistic fund
Outlet: Institutional Real Estate Newsline
Hong Kong–based Gaw Capital Partners has raised $200 million in a second close for its opportunistic fund Gateway Capital Real Estate Fund IV.
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April 5, 2013 - KWAP purchases trophy office building for £215 million
Outlet: CoStar UK News
Malaysian pension fund Kumpulan Wang Persaraan (KWAP), has purchased the City of London trophy office building, 88 Wood Street, EC2, from National Pension Service of Korea for £215 million.
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April 5, 2013 - Blackrock in talks to buy MGPA
Outlet: PropertyEU - Online
Blackrock is the final party in talks to acquire MGPA, which is 56 percent owned by Australian investment bank Macquarie, and 44 percent owned by the company’s management.
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April 5, 2013 - Brookfield Asset Management discusses sale of hotel portfolio
Outlet: Australian- Online, The
Canada-based firm, Brookfield Asset Management is in talks with real estate firms to sell its $500 million-plus Australian hotel portfolio.
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April 4, 2013 - Morgan Stanley's Investa Property Group plans to invest in Australian office
Outlet: Bloomberg News - Online
Morgan Stanley-owned Investa Property Group said it plans to spend as much as A$500 million ($523 million) on office buildings over the next year amid growing foreign interest in Australian property.
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April 4, 2013 - Lend Lease and partners will develop a A$630 million hospital project
Outlet: Bloomberg News - Online
Lend Lease Group, Australia’s biggest property developer, is among three companies selected to develop a A$630 million ($656 million) hospital in Bendigo in central Victoria state.
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April 4, 2013 - Japanese company NTT buys prime office property for £77 million
Outlet: CoStar UK News
NTT Urban Development, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone Corporation, has bought a prime office property in the United Kingdom for around £77 million.
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April 4, 2013 - LaSalle names Jason Kern as CEO of Americas
Outlet: Released
LaSalle Investment Management has appointed Jason Kern as CEO, Americas. Previously, he was with Hong Kong and Shanghai Banking Corp. (HSBC) as managing director and head of HSBC’s Asia-Pacific real estate and lodging advisory group.
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April 4, 2013 - MGPA acquires two office buildings in Tokyo
Outlet: Released
MGPA has acquired South Shin Otsuka Building in Otsuka and Shinjuku TX Building in Shinjuku, Tokyo. The two acquisitions were made on behalf of MGPA’s German fund focused on Asia, MGPA Asien Spezialfonds.
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April 3, 2013 - Raine Square to go for $420 million
Outlet: Australian- Online, The
The Perth skyscraper Raine Square, which has been put up for sale by receivers, may sell for about $420 million.
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April 3, 2013 - Prologis signs build-to-suit agreement in China
Outlet: PR Newswire - Online
Prologis has signed a build-to-suit agreement for two facilities in China with Deppon totaling 452,000 square feet.
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April 2, 2013 - MPL appoints Lim as Asia business development manager
Outlet: Investment Europe
Managing Partners Limited (MPL) has appointed Benjamin Lim as business development director for Asia. Lim will be based in Singapore.
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April 2, 2013 - Dubai rents increase by three to four percent in first quarter
Outlet: Zawya - Online
Renewed confidence in the economy and the real estate sector is pushing rents up further in some areas in Dubai during the first quarter of the year.
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April 2, 2013 - Westfield hints at assets sale
Outlet: Brisbane Times
Expectations that Westfield Group may look to sell down its interests in shopping centres across the country and in New Zealand comes at a time when investing in malls is on the ascendancy from private investors.
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April 2, 2013 - Dexus sells remaining U.S. industrial property
Outlet: Released
Australia-based Dexus Property Group has agreed to sell its remaining U.S. industrial property. The Glendale, Calif., property was sold for $56.2 million.
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April 2, 2013 - AXA Real Estate’s Tokyo Office Property Fund agrees first acquisitions totalling ¥10 billion
Outlet: Released
AXA Real Estate Investment Managers has announced that the Tokyo Office Property Fund has completed the its first acquisition, Shinjuku Sanchome located in the Shinjuku ward of central Tokyo.
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April 1, 2013 - Knight Frank: Office market in Asia Pacific likely to see more activity in 2013
Outlet: Before Its News
The Knight Frank Asia Pacific Prime Office Index rose 2 percent in the fourth quarter of 2012, up from a 0.8 percent increase in the previous quarter.
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April 1, 2013 - Mirvac Group completes $165 million sale in Washington
Outlet: Finance News Network
Mirvac Group has completed the sale of its 50 per cent stake in Treasury Office Tower in Western Australia for $165 million.
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March 29, 2013 - Opening of the Aloft Kuala Lumpur Sentral Hotel
Outlet: Released
Aseana Properties has opened Aloft Kuala Lumpur Sentral hotel at its Kuala Lumpur Sentral development. The Hotel is managed by Starwood Hotels & Resorts under the ‘Aloft’ brand.
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March 29, 2013 - Cromwell places $2 billion in assets up for sale
Outlet: BusinessDay
Listed Cromwell Property Group will put up for sale office assets in Sydney and Melbourne. Across the country, office assets worth almost $2 billion are being prepared for sale as the owners look to reinvest the cash into new developments.
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March 29, 2013 - Dubai is among lowest risk cities in the world
Outlet: Kenya Star
Dubai has been found to be one of the lowest risk cities in the world, according to a report by Aon Hewitt. Its list of Lowest Risk Cities in the world to recruit, employ and redeploy talent found that Dubai is ranks 19thin the world and first in the Middle East.
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March 28, 2013 - Kismis Lodge sells to Newfort Alliance for S$84.18 million
Outlet: Property Report Thailand - Online
Kismis Lodge, a landed residential development in Singapore, has been successfully sold to Newfort Alliance (Cairnhill) Pte Ltd.
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March 27, 2013 - Korean group to pay $218 million for Chicago office building
Outlet: Crain's Chicago Business
Mirae Asset Global Investments of South Korea has agreed to pay about $218 million for a 650,812-square-foot office building at 225 West Wacker Drive in Chicago.
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March 27, 2013 - First Reit to acquire two Indonesian hospitals for $190 million
Outlet: Straits Times - Online, The
First Real Estate Investment Trust has agreed to acquire two new income-producing hospitals in Indonesia for $190.4 million.
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March 27, 2013 - Blackstone plots new life for troubled city buys
Outlet: Australian- Online, The
Some might consider them the ugly ducklings of the global financial crisis, but Blackstone's Australian head of real estate, Paul Heller, lights up when he describes plans to turn Valad Property Group, Top Ryde City and the bundle of distressed property loans the group purchased from British bank Lloyds into swans.
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March 26, 2013 - HSRE-EB I closes on $290 million senior living portfolio
Outlet: CoStar Group
Harrison Street Real Estate Capital and The Engel Burman Group have acquired five senior living communities in Long Island from Chartwell Seniors Housing REIT and ING Real Estate Australia.
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March 25, 2013 - NPS plans to open Hong Kong office
Outlet: Asian Investor - Online
Korea’s $340 billion National Pension Service (NPS) is preparing to open an office in Hong Kong, potentially this year, and will look at setting up in Shanghai in the future.
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March 25, 2013 - Mapletree sells Woodlands factory for S$15.5 million
Outlet: Yahoo! Finance Singapore
Mapletree Logistics Trust has received in-principle approval from JTC Corp. to sell its property at 30 Woodlands Loop for S$15.5 million.
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March 25, 2013 - Westfield sells U.S. mall stakes for $700 million to O’Connor
Outlet: BusinessWeek Investing - Online
Westfield Group has sold half its shares in six malls in Florida to O’Connor Capital Partners for about $700 million.
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March 25, 2013 - Overseas investors eye Chinese property
Outlet: Asia News Network
China may see an increase in property transactions involving international investors in 2013, fuelled by the economic recovery and the rosy outlook of China's commercial properties, industry experts said.
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March 21, 2013 - Mapletree Logistics to divest property for S$15.5 million
Outlet: Business Times - Online, The
Mapletree Logistics Trust plans to divest its property at 30 Woodlands Loop in Singapore to a unit of Advanced Holdings at S$15.5 million.
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March 21, 2013 - Charter Hall almost out of the United States
Outlet: Finance News Network
Charter Hall Retail REIT has announced the sale of its interest in its last U.S. joint venture, with property developer Regency Centers, for $49 million.
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March 21, 2013 - Pramerica Real Estate Investors names Morgan Laughlin to lead its Asia-Pacific business
Outlet: Released
Pramerica Real Estate Investors has named Morgan Laughlin head of its Asia business. She will be responsible for managing the company’s operations and strategy in the Asia Pacific region and will be based in Tokyo.
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March 20, 2013 - Asia cities top priciest cities for billionaire properties
Outlet: KEYT-TV - Online
Hong Kong's billionaire properties are the most expensive in the world, according to global real estate firm Savills.
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March 20, 2013 - Future Fund to make $175 million from selling Birmingham shopping center
Outlet: Daily Telegraph (Australia) - Online
Australia's Future Fund is set for a $175 million windfall with plans to sell its stake in a Birmingham shopping center.
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March 20, 2013 - Savills predicts North Ryde will surpass North Sydney as Australia's second-largest suburban office market
Outlet: Australian- Online, The
Research by Savills indicates that North Ryde will overtake North Sydney to become Australia's second-largest suburban office market in the next two years.
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March 20, 2013 - Singapore to see 53,000 hotel roooms by 2015
Outlet: Today Online
The number of hotel rooms in Singapore is expected is to grow by more than 20 percent to about 53,000 rooms by 2015 according to a research report by property consultancy Knight Frank.
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March 19, 2013 - Jones Lang LaSalle selects Bangalore for its first India fund deal
Outlet: Economictimes
Jones Lang LaSalle will be making its first real estate investment from its maiden India-focused fund in Bangalore. The transaction, which will be made by Jones Lang LaSalle's Segregated Funds Group, will look to invest about .`30 crore in city-centric luxury residential projects.
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March 19, 2013 - MGPA finalizes acquisition of Optima Centre in Perth, Western Australia
Outlet: Released
MGPA has finalized the acquisition of the Optima Centre in Perth, Western Australia, which it announced in January of this year.
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March 18, 2013 - Analysts identify demand for multi-generational housing in Singapore
Outlet: Lushhomemedia
Analysts have said that it’s timely to rebuild multi-generational flats, in view of Singapore’s changing demographics. These flats typically consist four or five rooms, and are built beside a studio apartment and facilitate extended-family living.
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March 18, 2013 - Vietnam banks to lend $1.4 billion for social housing
Outlet: Vietnam News
The State Bank of Vietnam proposes to provide VND30 trillion ($1.4 billion) for lending to low-income house renters and buyers, plus investors in social housing projects, at an interest rate of 6 percent for three years.
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March 18, 2013 - Growing investor interest in United Arab Emirates' health care real estate
Outlet: Zawya - Online
Dubai: Property and retail markets could stand to benefit from growing investor interest in the United Arab Emirates’ niche healthcare real estate segment, analysts and developers say.
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March 17, 2013 - Brookfield upheaval spins off flagship property trust
Outlet: Mudgee Guardian and Gulgong Advertiser
Brookfield Asset Management plans to create a $900 million property trust in April through the distribution of a special dividend to shareholders.
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March 15, 2013 - South Korea's $28 billion real estate project faces collapse
Outlet: Business Insider
A $28 billion real estate project in Seoul was facing collapse after developers acknowledged defaulting on a major loan repayment.
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March 15, 2013 - Sale of Singapore private homes plunges 65 percent in February
Outlet: MSN Philippines
Only 708 private homes were sold in February, down from 2,016 units in January, according to data from the Urban Redevelopment Authority (URA). "In line with expectations, private residential market activity was subdued in February, following the mar
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March 15, 2013 - Singapore property sales plunge 65 percent in February
Outlet: news.xin.msn.com
New private home sales in Singapore plunged 65 percent in February from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, according to data from the Urban Redevelopment Authority.
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March 14, 2013 - Bangkok central business districts consider developing mixed-use projects
Outlet: Nation (Thailand) - Online, The
Though land that can be developed into residential projects in the central business districts of Bangkok is limited, some locations still have large plots that can be developed for mixed-use projects. Most of these bigger plots are owned by state ent
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March 13, 2013 - Buyer interest in Thailand luxury homes to continue
Outlet: Yahoo! News
Despite last year's floods, Thailand's property market remains resilient, with Bangkok recording a growth of 9.4 percent last year, while demand for Phuket's luxury properties climbed 4.7 percent.
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March 12, 2013 - Supalai sets sights on the Philippines
Outlet: Bangkok Post
Supalai Plc, the SET-listed developer, is stepping up its international expansion with plans to spend 2 billion baht this year starting with the Philippines.
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March 12, 2013 - CRC purchases Danish store
Outlet: Bangkok Post
Central Retail Corporation (CRC), the country's largest retail chain, is spreading its presence in Europe by acquiring Illum, a 122-year-old department store in Denmark.
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March 12, 2013 - Rental apartment business at risk
Outlet: Bangkok Post
The apartment business is at risk as growing numbers of Thais move away from renting and instead want to buy condominium units, according to a new study released by TMB Analytics.
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March 12, 2013 - Sydney skyline to get 240-metre apartment block
Outlet: India PRwire
Chinese company Greenland Group has lodged plans for a $600 million development of a 400-plus apartment building.
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March 12, 2013 - Foreign Investors Eye High-End Condos In Tokyo
Outlet: Nikkei
Demand for high-end condominiums in the Tokyo metropolitan area is growing rapidly among wealthy investors in Asia.
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March 12, 2013 - General Electric sells $1.5 billion Australian office portfolio
Outlet: Age, The
General Electric has sold its $1.5 billion Australian office portfolio to The Blackstone Group.
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March 12, 2013 - Euro fund sells luxury Brussels property for S$89 million
Outlet: Yahoo! News
Eurozone Equity, an actively managed equity fund with the help of Savills sold the property, known as Louise Village to local private investors.
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March 11, 2013 - LBA Advisors relaunches with new website
Outlet: Released
From Lisa Amzallag: Following my recent tenure with Asia Pacific Land, I am pleased to announce the re-launch of LBA Advisors, LLC (www.lba-advisors.net).
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March 11, 2013 - Denmark fund to begin investments in Japan in partnership with Idera
Outlet: silobreaker.com
Idera Capital Management based in Minato-ku, Tokyo, has signed a partnership agreement with Denmark based Sparinvest Property Investors. The plan is to invest in apartment buildings in major cities across Japan.
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March 11, 2013 - MPG sells California’s tallest building for $367.5 million
Outlet: Business Wire - Online
The US Bank Tower in Los Angeles was purchased by Singapore-based Overseas Union Enterprise for $367.5 million.
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March 10, 2013 - Chinese in first $600 million Sydney tower project
Outlet: Zecco
Brookfield Asset Management of Canada has received some $A100 million for the Sydney Water Board site in the CBD from Greenland Group.
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March 8, 2013 - Mapletree REIT jumps in Asia’s biggest 2013 IPO: Singapore Mover
Outlet: Bloomberg Businessweek
Mapletree Greater China Commercial Trust (MAGIC), Asia’s biggest share sale this year, gained on its first trading day as investors were attracted by returns higher than those of comparable properties.
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March 8, 2013 - Office tower sells for $462 million in Melbourne, Australia
Outlet: Commercial Property Executive - Online
Real estate investment trust Investa Office Fund (IOF) has acquired the of a premium office project in Melbourne in partnership with Investa Commercial Property Fund. The partnership is paying $462 million for the property.
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March 7, 2013 - Ascendas REIT seeks up to $280 million in offering
Outlet: Reuters - Online
Singapore's Ascendas Real Estate Investment Trust plans to raise about $280 million in an offering to fund the acquisition of two properties, according to a term sheet of the deal seen by Reuters on Friday.
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March 7, 2013 - Indirex announces primary capital raises in February
Outlet: Released
Capital commitments worth $2.5 billion were announced by real estate funds during February. Diversified funds were prevalent with an increased focus on opportunity funds.
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March 7, 2013 - Private real estate investors show increased appetite for risk
Outlet: Released
Recent months have seen renewed investor interest in higher risk-return strategies, such as value added private real estate funds and a decline in the proportion of institutions targeting lower risk investments such as core.
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March 7, 2013 - NPS picks up speed in facilitating investment in overseas resources development
Outlet: MK Business News
South Korea’s National Pension Service (NPS) has tweaked its investment terms on overseas resources development projects to expand the scope of joint investors to include foreign partners.
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March 6, 2013 - DP World sells Hong Kong port stakes for $742 million
Outlet: Associated Press (AP)
Dubai's government-backed port operator DP World is selling stakes in two Hong Kong container terminals and a logistics business for $742 million.
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March 6, 2013 - Goodman acquires $450 million interest
Outlet: PRNewswire
Goodman Group has announced that Goodman Hong Kong Logistics Fund has purchased a 25 percent stake in a Hong Kong-based logistics facility from DP world for $450 million.
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March 6, 2013 - MGPA buys office building in Shanghai for RMB263.5 million
Outlet: The Asset
MGPA has acquired j-Tower, a newly completed class A office building in the Jiading district of Shanghai on behalf of MGPA Asia Fund III, for RMB263.5 million.
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March 6, 2013 - Hines acquires 465 Victoria in Sydney, Australia
Outlet: Released
Hines Global REIT has acquired 465 Victoria, an office project in Sydney, from FKP Property Group.
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March 6, 2013 - Shanghai gaining favor with wealthy as financial center
Outlet: China Daily European Weekly - Online
Shanghai has overtaken Hong Kong and Singapore to become the world's fifth most important financial center, and Beijing is considered the second most influential political city, according to a joint study by Knight Frank and Bank of China International.
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March 6, 2013 - Mapletree’s China-focused REIT IPO nearly 30 times subscribed
Outlet: Lushhomemedia
The initial public offering of Singapore’s largest real estate investment trust has been completed.
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March 5, 2013 - CBRE hires Steve Williamson to spearhead U.K. senior debt ambitions
Outlet: CoStar UK News
Steve Williamson has joined CBRE as head of debt origination U.K. & EMEA in CBRE’s real estate finance division.
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March 5, 2013 - Melbourne landlords tempt tenants with generous incentives
Outlet: Fairfield City Champion - Online
Landlords are having to rebate office rents by more than a quarter of their value to attract tenants as the vacancy rate rises in Melbourne's central business district, according to Colliers International's 2013 Research and Forecast Report.
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March 5, 2013 - Panasonic sells third Tokyo property, raises $536 million
Outlet: Thomson Reuters - UK - Online
Panasonic Corp. has sold a central Tokyo building for around 50 billion yen ($536 million) to two Japanese investors.
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March 4, 2013 - Genting Group plans $2 billion Las Vegas hotel-casino complex
Outlet: KLAS TV - Las Vegas
Genting Group plans to develop a $2 billion hotel-casino complex.
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March 3, 2013 - Mayer Brown, SJB seal £152 million Chinese purchase of City site
Outlet: thelawyer.com
Mayer Brown and SJ Berwin have advised on a Chinese real estate developer's £152 million acquisition of Stephenson Harwood's offices from Invesco Real Estate.
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March 1, 2013 - Bank of China lends $600 million against Sony Building
Outlet: Commercial Real Estate Direct
Bank of China is said to have agreed to provide $600 million of the $900 million of financing for Manhattan's Sony Building, recently purchased by investors led by Chetrit Group.
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February 28, 2013 - Leighon sells major Melbourne project
Outlet: Australian IT
Leighon Holdings has sold a major office tower development in Melbourne to two property groups for $462 million.
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February 28, 2013 - Lowy family sells Westfield stake for A$663.7 million
Outlet: Released
The founding family of The Westfield Group, the Lowy family, has sold its entire 7.1 percent stake for A$663. 7 million.
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February 28, 2013 - Sony sells Tokyo property for $1.2 billion
Outlet: Released
Sony Corp. has sold its Tokyo-based Sony City Osaki building for ¥111 billion ($1.2 billion).
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February 28, 2013 - Savills expands in Asia with new Philippines associate
Outlet: Released
Savills has expanded its global network by forming a new association in the Philippines with KMC MAG Group.
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February 27, 2013 - ADIA's $400 million push into Federation malls
Outlet: Weekend Australian, The (VIC)
The Abu Dhabi Investment Authority is tipped to be embarking on a deal with Federation Centres to purchase stakes in its Australian shopping centres in a transaction worth at least $400 million.
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February 27, 2013 - Westfield admits stalling sales
Outlet: North West Star - Online, The
Westfield has put into numbers what its tenants and consumers already knew - sales are slipping across the country. To stem the decline, the retail juggernaut has admitted it is dropping rents for new leases.
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February 26, 2013 - Taxes to increase for wealthy homeowners in Singapore
Outlet: Property Report Thailand - Online
Authorities in Singapore has announced that they will raise taxes for wealthy homeowners in order to make the tax system more effective, reported Realty Today. All changes will have come into effect by January 2014.
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February 26, 2013 - Westfield sells half stake in Stratford City
Outlet: City AM - Online
Westfield Group is selling a stake in its Stratford City development in London to Dutch and Canadian pension funds for £871.5 million.
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February 26, 2013 - Mapletree raises $1.3 billion in IPO
Outlet: Business Times - Online
Mapletree Greater China Commercial Trust raised $1.3 billion through its Singapore IPO.
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February 26, 2013 - Douglas Kirkman named CEO of ICD-Brookfield
Outlet: PR Inside
Brookfield Asset Management and Investment Corporation of Dubai have appointed Douglas Kirkman as CEO of ICD-Brookfield Management Ltd., which will be the manager of the ICD-Brookfield Dubai Real Estate Fund (under formation).
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February 26, 2013 - Brookfield poaches Blackstone director for new Dubai fund
Outlet: Property Week - Online
Brookfield Asset Management has poached a former Blackstone managing director to head up a new Dubai property fund.
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February 24, 2013 - Online shopping and fashion retailers drive global logistics demand, finds CBRE survey
Outlet: BusinessIntelligence-Middle East (BI-ME)
Tokyo is the world’s most expensive prime logistics market as multichannel retailers seeking new facilities and requiring larger spaces drive demand in the world’s leading cities, according to new research from global property advisor CBRE Group.
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February 24, 2013 - Top ten most expensive global office rents
Outlet: Chinaretailnews.com/
Hong Kong's Central Business District ranks second to London's West End as the world's most expensive office market, according to research published by real estate firm Cushman & Wakefield.
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February 22, 2013 - Goodman to spend A$500 million on acquisitions
Outlet: Business Times - Online, The
Goodman Group has plans to spend A$500 million on acquisitions to boost its assets over the next year.
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February 21, 2013 - SEB Asset Management sells office building in Singapore
Outlet: Released
SEB Asset Management sold its share in the 23-story 79 Anson Road office building in Singapore to United Engineers Developments for €136.6 million.
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February 21, 2013 - Goodman to focus on development in United States and Brazil
Outlet: Canberra Times
Goodman Group has plans to focus on developing its new territories of Brazil and the United States, while boosting its joint venture funds.
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February 20, 2013 - LaSalle anounces appointment to global COO role
Outlet: Released
LaSalle Investment Management has announced that their global COO of 31 years will be retiring at the end of 2013, to be replaced by industry veteran Elisabeth Stheeman.
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February 20, 2013 - VRS invests $50 million in Japan-focused fund
Outlet: Institutional Real Estate Newsline
The $55.5 billion Virginia Retirement System (VRS) has approved a $50 million commitment to Fortress Japan Opportunity Fund II (FJOF II), a $1.65 billion distress-focused fund managed by Fortress Group.
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February 19, 2013 - New Zealand Superannuation Fund makes key appointments
Mika Austin, Time Mitchell, Brent Gibson and Chris Jagger have been appointed to new positions at New Zealand Superannuation Fund.
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February 18, 2013 - China Vanke Co. chooses Tishman to be its first North American partner
Outlet: Released
Tishman Speyer and China Vanke Co. have formed a joint venture to develop a premier high-rise residential condominium project at 201 Folsom Street in San Francisco.
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February 18, 2013 - QIC pays $171.5 million for Perth centre
Outlet: Australian Financial Review - Melbourne
QIC has paid $A171.5 million for a half-share in Perth's Claremont Quarter from U.S.-based Brookfield Asset Management.
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February 15, 2013 - Prologis lists Japanese REIT on Tokyo Stock Exchange
Outlet: PR Newswire
Prologis has announced that Nippon Prologis REIT has completed its initial public offering in Japan.
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February 15, 2013 - Mapletree to raise S$1.68b in largest REIT IPO
Outlet: Today Online
Mapletree Investments plans to raise up to S$1.68 billion by listing a China-focused REIT, it would be Singapore’s largest initial public offering in two years.
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February 14, 2013 - NZ Superannuation Fund reduces overweight position in Auckland International Airport
Outlet: Released
The New Zealand Superannuation Fund sold 100 million shares in Auckland International Airport overnight in a block sale to institutional investors.
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February 13, 2013 - Brookfield appoints Niel Thassim as head of its Asia private funds group
Outlet: Reuters
Brookfield Asset Management has announce that Niel Thassim has joined the company as head of Asia for the private funds group, based in Hong Kong.
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February 13, 2013 - Dexus Property Group completes U.S. industrial portfolio sale
Outlet: Released
Dexus Property Group has announced the settlement of the sale of 25 U.S. industrial properties.
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February 13, 2013 - Japanese REIT plans biggest asset purchase since 2008
Outlet: Bank Investment Consultant - Online
Starts Proceed Investment Co., a Tokyo-based real estate investment trust, plans to acquire about 10 billion yen ($107 million) of apartments as early as May, the largest asset purchase since 2008.
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February 12, 2013 - Air India aims to sell or lease five properties by March 2014
Outlet: Business Standard India
State-owned Air India expects to raise approximately Rs 1,000 crore ($18.5 million) by March 2014 through the sale of five of its prime properties across India. The properties include: land beside Baba Kharak Singh Marg in New Delhi, Sterling Apartme
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February 8, 2013 - Taubman Asia forms another partnership with, Beijing Wangfujing
Outlet: Retail Traffic - Retail Real Estate And Retailing Trends Information Resear
Taubman Asia has reconfirmed a joint venture between Taubman and Beijing Wangfujing Department Store Co. , one of China’s largest department store chains. The joint venture will own and manage a 1.46-million-square-foot shopping center in Zhengzhou,
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February 7, 2013 - Hong Kong, Beijing and Tokyo most expensive cities for office space in Asia Pacific
Outlet: Re:Locate
Jones Lang LaSalle’s Q4 2012 Asia Pacific Office Index has revealed Hong Kong remains the most expensive location to rent office space in Asia Pacific, followed by Beijing and Tokyo.
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February 6, 2013 - Blackstone, two others to buy Indian business park for $367 million
Outlet: Reuters
The Blackstone Group , along with two other companies, have agreed to buy a business park on the outskirts of Bangalore, India, for 19.5 billion rupees ($367 million), two sources with direct knowledge told Reuters.
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February 6, 2013 - In Australia, hotels up for grabs as tourists start to flood in
Outlet: Sydney Morning Herald - Online
The hotel sector is poised for a period of strong growth boosted by a record number of in-bound tourists and rising demand for assets from investors. According to the Bureau of Statistics, the number of tourists arriving in Australia rose 1.6 per cen
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February 6, 2013 - Charter Hall circles $266 million mall
Outlet: Australian- Online, The
After being trumped in its bid for the $600 million Coles shopping centre portfolio, the listed Charter Hall Group has embarked on due diligence to buy the $266 million Innaloo shopping center in Perth from Westfield Group.
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February 5, 2013 - Hong Kong named most expensive retail market
Outlet: Press Release
Hong Kong is the world’s most expensive global retail market as wealthy Chinese tourists, luxury retailer expansion and a shortage of prime space drive rents to record highs, according to new research from global property advisor CBRE Group.
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February 4, 2013 - Sumitomo buys U.K. water supply firm for $259 million
Outlet: WSJ Blogs
Japanese trading house Sumitomo Corp. has purchased British water supply firm Sutton and East Surrey Water Plc for $259 million.
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February 4, 2013 - Goodman wins $451 million in deals
Outlet: Weekend Australian, The (VIC)
The Goodman Group will build $451 million worth of Australian logistics sheds and business parks for tenants, including Wesfarmers and DHL.
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February 4, 2013 - Silk Road Holdings secures luxury designer outlet site in Guangzho
Outlet: Press Release
Silk Road Holdings invests in a development site, located in the Nanhai District of Foshan, Guangzhou, Southern China.
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February 4, 2013 - LaSalle Australia Core Plus Fund acquires 555 Lonsdale Street
Outlet: Press Release
LaSalle Investment Management has announced that the LaSalle Australia Core Plus Fund has acquired 555 Lonsdale Street, a class a commercial office building in Melbourne, Victoria, for A$57.5 million.
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February 4, 2013 - Bright spots in Latin America despite global economic uncertainty
Outlet: Individual.com
There are bright spots as Latin American and Caribbean economies begin the year but the uncertain health of the U.S. economy, the lingering financial crisis in Europe and more sluggish growth in China are casting shadows over the region.
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February 4, 2013 - Prologis prices its REIT in Japan
Outlet: DNA India - Online
Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced the pricing of 182,350 units at a price of 550,000 Japanese yen per unit of Nippon Prologis REIT.
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February 2, 2013 - Singapore REIT acquires luxury resort in the Maldives
Outlet: Pattaya Mail - Online
Jones Lang LaSalle’s Hotels & Hospitality Group has brokered the sale of Angsana Velavaru resort to a Singapore-based REIT, marking the first deal of its kind in the island nation.
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February 1, 2013 - The Indian real estate sector has grown exponentially in the last six decades
Outlet: Economictimes
More than 60 years after India became a Republic , the country has seen phenomenal changes. It has gained recognition globally as a major player in the world economy.
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February 1, 2013 - Investor confidence in hotel sector increases
Outlet: Institutional Real Estate Newsline
Despite the uncertainties of the global economy in 2012, investors have more confidence in the hotel sector this year, according to a survey in the Ernst & Young 2013 Global Hospitality Report.
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January 30, 2013 - Mubadala Pramerica Real Estate Investors names Faris Mansour director of capital markets
Outlet: Press Release
Mubadala Pramerica Real Estate Investors, a 50/50 joint venture between Mubadala Development Co. and Pramerica Real Estate Investors, has named Faris Mansour director of capital markets.
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January 29, 2013 - Thomson Reuters launches comprehensive listed real estate benchmark for Asia Pacific region
Outlet: Sys-CON India
Thomson Reuters has launched Asia Pacific Real Estate Composite Indices -- designed specifically to be the most comprehensive listed real estate benchmark available for the Asia Pacific region.
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January 29, 2013 - Singapore’s slowing office growth to boost rents: Southeast Asia
Outlet: Bloomberg News - Online
Singapore’s office rents are set to rebound from their first annual decline in three years as new supply shrinks and more businesses expand, according to the biggest office property trust in Asia outside of Japan.
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January 29, 2013 - Yorkshire-Australian partners invest £240 million in student housing
Outlet: bdaily.co.uk
A partnership between Manor Properties and Australian infrastructure firm, Lend Lease, will deliver £240 million of investment into U.K. student accommodation.
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January 28, 2013 - Blackstone lays foundation for GE portfolio bid
Outlet: Australian Financial Review - Melbourne
U.S. private equity firm Blackstone Group is interested in acquiring General Electric's (GE) Australian and New Zealand property portfolio. Hong Kong-based private equity firm, Pacific Alliance Group, has the same plans.
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January 28, 2013 - Westfield plans redevelopment of Parramatta Centre
Outlet: Business Spectator, The
Westfield Group has announced a transformation of Westfield Parramatta Centre in Sydney's western suburbs into a $2 billion retail and office complex.
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January 27, 2013 - Singapore emerges as source of Laxfield's £1 billion fund
Outlet: Financial Times
The Government of Singapore Investment Corp. (GIC), the country’s $100 billion sovereign wealth fund, will underwrite the loans which will be issued by Laxfield Capital, the specialist property-focused lender.
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January 25, 2013 - EMEA hotel investment reaches $11 billion in 2012
Outlet: Hotel Online
Europe, Middle East and Africa (EMEA) transaction volumes reached $11 billion in 2012, according to the latest analysis from Jones Lang LaSalle Hotels & Hospitality Group.
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January 25, 2013 - London beats Hong Kong as most expensive city for office space
Outlet: GlobalPost.com
London overtook Hong Kong in 2012 to win the dubious accolade of world's most expensive city for office space, according to a survey of 126 major cities by property agency DTZ.
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January 25, 2013 - Singapore's infrastructure ranked best in the world
Outlet: pr-usa.net - Online
Singapore has the best infrastructure among the world's top cities. This is according to the 2012 Mercer Quality of Living study, which separately ranked global cities with the best infrastructure for the first time this year.
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January 24, 2013 - Singapore’s biggest deals hit by property curbs: Southeast Asia
Outlet: Bloomberg News - Online
Singapore’s latest round of measures to curb record property prices has become a stumbling block in the city-state’s two-biggest corporate takeover deals.
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January 23, 2013 - Prudential Real Estate Investors names Europe unit heads, risk chief
Outlet: Individual.com
Prudential Real Estate Investors has named Raimondo Amabile and Andrew Radkiewicz as co-heads of its European business and appointed Philip Barrett chief risk officer for Europe and Asia.
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January 23, 2013 - Asia Pacific hotels attracting strong investment sentiment in 2013
Outlet: Re:Locate
Asia Pacific hotel transaction volumes are projected to reach $3.5 billion in 2013 on the back of strong investment sentiment to buy hotel assets in the region, according to Jones Lang LaSalle’s latest Hotel Investment Outlook report.
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January 23, 2013 - Malaysian pension fund frontrunner for £220 million City deal
Outlet: Property Week - Online
The National Pension Service of Korea is close to selling a striking City office block for £220 million, after buying it at the bottom of the market for £183 million.
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January 22, 2013 - TCG veteran to launch Indian real estate investment fund
Outlet: Business Standard India
Bani Banerjee, who left India-based TCG Real Estate in mid-2012, is launching a $200 million special situations fund to invest in real estate and hotels in India.
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January 22, 2013 - MGPA acquires long-let class A office building in Perth, Western Australia
Outlet: Press Release
MGPA has acquired the first asset for its German fund focused on Asia-
Pacific, MGPA Asien Spezialfonds, in Perth, Western Australia.
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January 21, 2013 - Morgan Stanley finds opportunity in distressed property assets
Outlet: Big News Network
Distressed property markets where deals are difficult to finance and yield spreads are at all-time highs provide attractive investment opportunities, according to Morgan Stanley's real estate unit.
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January 21, 2013 - Canadian pension funds plan investment splurge
Outlet: Weekend Australian, The (VIC)
The $120 billion Ontario Teachers' Pension Plan is looking at stepping up its investments in Australia with a minimum project target of $250 million.
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January 18, 2013 - Prologis boosts Japanese portfolio
Outlet: Zacks.com
Prologis has announced a new development project – Prologis Park Kitamoto – in Japan. The move will strengthen Prologis’ position as one of the leading providers of industrial real estate in Asia.
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January 17, 2013 - Property concerns build for China's policymakers
Outlet: thenational.ae
China's policymakers are growing increasingly concerned about the sustainability of investment in the country's rocketing property sector. Business is booming for Beijing's estate agents — good news for property sellers like Zhang Huanhuan but a head
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January 17, 2013 - Westfield strikes £1 billion deal to redevelop centers in Croydon
Outlet: Press Release
Croydon’s two main shopping centers will be redeveloped in a £1billion scheme. Westfield has struck a deal with Hammerson to combine the Whitgift Centre and Centrale.
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January 16, 2013 - Overseas buyers drawn to London new-build homes
Outlet: Press Release
Knight Frank’s new report, International Residential Investment in London, reveals the size of overseas investment into the London new-build sector. It also examines how the financial crisis has changed the dynamics of the market, looking particularly at the rise in investment by Asian buyers. Finally, it analyzes who is buying new-build property and why, before highlighting the potential future overseas markets for London property.
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January 16, 2013 - Cornerstone Real Estate Advisers appoints Michael Marron to senior securities analyst post
Outlet: Press Release
Cornerstone Real Estate Advisers has appointed Michael Marron as vice president--senior equity analyst for its Global Real Estate Securities operation, which manages global and domestic real estate securities strategies from offices in Stamford, Amsterdam and Hong Kong.
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January 16, 2013 - Global retailers push up prime retail rents in Shanghai
Outlet: Shanghai Daily - Online
Prime retail rents in Shanghai will continue to rise moderately in 2013 despite abundant supply as demand from global retailers remains strong, real estate service providers predicted.
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January 15, 2013 - Singapore, Hong Kong look to cool not kill property markets
Outlet: Yahoo! News
Singapore and Hong Kong now have identical 15 percent levies to slow the foreign money that has added fuel to their overheated property markets - measures that will help first-time buyers but throw the spotlight on investors' next targets. The curbs on residential real estate purchases could shift demand to retail and industrial spaces, diverting billions of dollars to those sectors as well as to housing markets in the United States, Canada, Australia and Malaysia.
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January 15, 2013 - S. Korean investors nab Weatherford's Houston HQ
Outlet: Law360
A Principal Financial Group unit has closed on a 335,000-square-foot Houston office building that serves as the headquarters of oil and gas services company Weatherford International Ltd. on behalf of South Korean investors led by CORE Real Estate.
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January 15, 2013 - CITIC Capital raises $475 million for fourth fund
Outlet: Institutional Real Estate Newsline
CITIC Capital Real Estate Group has raised approximately $475 million for fourth fund.
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January 15, 2013 - Aviva Investors and Secured Capital hold final close of the oversubscribed Tokyo Recovery Fund at $300 million
Outlet: Press Release
Aviva Investors and Secured Capital Investment Management has held a final close for their Tokyo Recovery Fund. Since the fund’s first close in November 2011, which raised initial equity of $122 million, the fund has grown to $300 million, exceeding its $250 million fundraising goal.
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January 15, 2013 - Rockspring further strengthens Investor Relations Team with appointment of Allen Chilten
Outlet: Press Release
Rockspring Property Investment Managers has hired Allen Chilten as senior manager on its EMEA investor relations team. Previously, he was at Credit Suisse.
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January 14, 2013 - Henderson hires equity analyst for Asian team
Outlet: FTadviser.com
Henderson Global Investors has hired analyst Yan Ling Wong to join its $1billion Asia Pacific property equity team.
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January 13, 2013 - Invesco launches Asia Real Estate funds
Outlet: PrivateEquityInternational.com
Two years after Invesco acquired the Asian real estate business of AIG, the firm is raising an $800 million opportunity fund and a rare open-ended, core-focused vehicle for which it expects to attract $1 billion in five years.
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January 10, 2013 - Shanghai's residential market driven by first-time buyers
Outlet: Yahoo! Finance Singapore
The high sales momentum in Shanghai's residential market in second quarter 2012 and third quarter 2012 continued in fourth quarter, with first-time home buyers as the main market drivers, according to Jones Lang LaSalle. Demand from first-time buyers
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January 9, 2013 - Prologis establishes REIT in Japan
Outlet: PR Newswire
Prologis has announced it will be the sole sponsor of Nippon Prologis REIT, a Japanese real estate investment trust. Prologis will retain at least a 15 percent ownership interest in the J-REIT and contribute 12 of its class A properties in Japan.
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January 9, 2013 - Centuria buys Stockland tower in busy Sydney CBD
Outlet: Australian Financial Review - Melbourne
The 175 Castlereagh Street office complex in the Sydney CBD is being divested by listed developer Stockland for $A56 million.
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January 9, 2013 - Homemaker centers on sale for $200 million
Outlet: TradingCharts.com
Australian-listed real estate investment trust GPT Group is divesting $A200 million worth of bulky goods retail real estate assets in Queensland.
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January 9, 2013 - Australand door opens for GPT and rivals
Outlet: Business Spectator, The
Australand said its major shareholder, Singapore’s CapitaLand, had announced an intention to conduct a strategic review of its 59 per cent shareholding in the Australian entity. Australand’s fate is now out of its own hands and control of a highly st
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January 8, 2013 - Mapletree joins race for UB Group’s prime realty assets in Bangalore
Outlet: Business Standard - New Delhi Edition
Mapletree Investments, the Singapore-based real estate development, investment and capital management company, has shown a keen interest in acquiring part of UB City, the biggest commercial property project in Bangalore.
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January 8, 2013 - Fortress finds bargain in non-office assets and debt in Japan
Outlet: Bloomberg News - Online
Fortress Investment Group, which raised $1.65 billion last month for its second Japan fund, plans to buy real estate debt backed by rental apartments, retail space and business hotels in the nation’s metropolitan areas.
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January 7, 2013 - Dubai real estate market witnessing selective recovery, says Jones Lang LaSalle
Outlet: Press Release
There are grounds for cautious optimism about the prospects for the Dubai real estate market in 2013 with most sectors of the Dubai market ending the year in the early upturn stage of their cycle. While the real estate sector has lagged the overall e
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January 7, 2013 - New report ranks Dubai world's strongest housing market
Outlet: AMEinfo.com
The resurgence in the Dubai property market over the past year has seen it ranked as the strongest housing market in the world, by Global Property Guide. The recently released independent report shows Dubai's residential property index jump 13.46 per
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January 4, 2013 - CDL Hospitality Trusts snags Angsana Velavaru as its first resort
Outlet: Travel Trade Gazette Asia (TTG Asia)
CDL Hospitality Trusts has entered into an agreement with Banyan Tree Holdings to acquire Angsana Velavaru in the Maldives for $71 million.
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January 3, 2013 - Lim Chow Kiat succeeds Ng Kok Song as GIC's Group CIO
Outlet: Today Online
Lim Chow Kiat succeeds Ng Kok Song as Government of Singapore Investment Corp. (GIC) Group's CIO.
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December 27, 2012 - Growth in travel fuels hotel boom in Indonesia
Outlet: Hotel Online
Indonesia is set for the biggest boom in its hotel sector to date as growing business and leisure travelers have boosted demand. The Indonesian Hotel and Restaurant Association has estimated a more than threefold jump in the number of new hotel rooms available in the market next year.
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December 27, 2012 - Hotels doing well in Vietnam despite sell-offs
Outlet: Youth
Vietnam’s hotel industry is in good health and set to keep growing despite recent moves by several investors to pull out of major properties, experts say.
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December 21, 2012 - GPT strikes $85m Toll deal
Outlet: The Australian
GPT Property Group will develop a new $84.6 million logistics facility in Brisbane's southeastern suburbs after striking a deal with transport giant Toll Group.
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December 20, 2012 - Goodman Group acquires second portfolio with Malaysia's EPF
Outlet: Press Release
Goodman Group and Malaysia’s Employees Provident Fund (EPF) have further expansion of their relationship announced in June 2012, with the acquisition of a second high quality Australian logistics portfolio.
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December 20, 2012 - Private equity fund exits in real estate fall in 2012
Outlet: Livemint.com
Private equity fund exits in the real estate space have fallen sharply this year compared with 2011, with limited liquidity in the market, a falling trend in property sales and some funds willing to wait for better returns.
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December 20, 2012 - Dexus buys more Sydney properties
Outlet: Ninemsn - Finance
Dexus Property Group has spent $504 million to take part ownership in several major Sydney office properties.
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December 20, 2012 - CBRE raises $261 million for Asia fund
Outlet: Institutional Real Estate Newsline
CBRE Global Investors has raised approximately $261 million for CBRE Asia Value fund, formerly ING Real Estate Asia Value Fund.
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December 20, 2012 - Partners Group gathers $500 million for two real estate funds
Outlet: Press Release
Partners Group, the global private markets investment manager, has seen continued demand from clients for its private real estate programs, closing both Direct Real Estate 2011 as well as Asia-Pacific Real Estate 2011 in fourth quarter 2012. Combined
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December 19, 2012 - Dexus sells U.S. industrial portfolio for $561 million
Outlet: Press Release
Dexus Property Group has announced the sale of the majority of its US industrial portfolio at a significant premium to prior book value. In two separate transactions, 26 of 27 U.S. properties have been sold, comprising 23 U.S. industrial properties a
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December 19, 2012 - DLF to sell Amanresorts to founder for $300 million
Outlet: Economic Times - Mumbai Edition, The
DLF, India-based real estate company, will sell super-luxury hotel chain Amanresorts back to its founder Adrian Zecha for $300 million.
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December 19, 2012 - Take advantage In Europe with core real estate investment, says Lasalle
Outlet: Civic & Public Building Specifier - Online
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world’s major real estate markets for at least the next couple of years according to the 2013 LaSalle Investment Management Invest
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December 18, 2012 - China’s real estate strong but not overheated
Outlet: Daily Herald - Online (press release)
China’s Real EstateChina is beginning to show renewed growth.
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December 18, 2012 - Dubai property review 2012: Investors flock back to market
Outlet: AME Info
This was an eventful year for Dubai's real estate market as a measure of confidence emerged in the sector for the first time since the emirate's property bubble burst in 2008. Momentum in the market had been slowly building at the tail end of last ye
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December 16, 2012 - UE to buy 79 Anson Rd for S$410 million
Outlet: Business Times - Online, The
United Engineers Ltd has reported its wholly-owned subsidiary United Engineers Developments has entered into a sale and purchase agreement to purchase the commercial property on 79 Anson Road for S$410 million.
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December 14, 2012 - Investment sales of property reach $28.7 billion this year
Outlet: Asiaone.com
Investment sales of property - which refer to transactions of $10 million and above - have fallen to about $6.9 billion so far this quarter (up to Dec 11), from the $9.3 billion in third quarter 2012, estimates Savills Singapore.
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December 14, 2012 - Australand rejects GPT Group bid for $2.4 billion division
Outlet: Malaysia News.net
Australand Property Group rejected an unsolicited offer from larger rival GPT Group to buy its most valuable assets, including the US$2.4bil investment property portfolio, saying it did not provide a sufficient premium.
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December 14, 2012 - Dubai remains most attractive destination for private investors in the GCC, says Cluttons survey
Outlet: BusinessIntelligence-Middle East (BI-ME)
Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, today releases the findings of its first Middle East Private Capital Survey.
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December 13, 2012 - $173.9 billion worth of investment-grade realty under way in India
Outlet: Khaleej Times - Online
The real estate boom in India is responsible for a major surge in NRI investments, and currently, the value of the investment-grade real estate under construction in India is estimated to be $173.9 billion, property experts said.
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December 13, 2012 - Lindsay Wright appointed to board of the Guardians of New Zealand Superannuation
Outlet: Press Release
Lindsay Wright has been appointed to the Board of the Guardians of New Zealand Superannuation, the Crown entity which manages the $20 billion New Zealand Superannuation Fund.
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December 13, 2012 - 2013: LaSalle predicts low interest rates, low inflation and low growth scenario
Outlet: Investment Europe
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world's major real estate markets for at least the next couple of years according to the 2013 LaSalle Investment Management outloo
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December 12, 2012 - Canada Pension Plan adds business lines in Asia
Outlet: Asian Investor
The investment manager for Canada Pension Plan has added two new business lines in Asia and is seeking further hires as it strives to increase its on-the-ground capabilities in the region.
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December 12, 2012 - Lennar to borrow $1.7 billion from Chinese bank
Outlet: Miami Herald - Online, The
Miami-based Lennar Corp. has gotten approval on $1.7 billion in loans from China Development Bank to fund the development and construction of two major projects in San Francisco.
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December 12, 2012 - Starwood to enter the Philippines
Outlet: Business Wire - Online
Starwood Hotels & Resorts Worldwide has plans to introduce its two largest brands - Westin and Sheraton - to two new multi-billion dollar integrated entertainment complexes in Manila, the bustling capital of the Philippines.
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December 12, 2012 - W. P. Carey announces first Japanese transaction
Outlet: Market Watch, press release
W. P. Carey (NYSE: WPC ) have acquired a warehouse and distribution center as well as the 32 acres of land under the two adjacent buildings and the surrounding site that comprise a document/media storage campus located in Saitama Prefecture, Japan.
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December 12, 2012 - Prologis board of directors approves sponsorship of J-REIT
Outlet: Press Release
Prologis (NYSE:PLD) has approved the sponsorship of a Japanese real estate investment trust (J-REIT) to serve as a long-term investment vehicle for modern logistics facilities developed by Prologis in Japan.
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December 12, 2012 - Russell Investments' 2013 Global Outlook: Risk-on/risk-off scenario likely to continue amid modestly positive gains
Outlet: Press Release
Russell Investments' team of global investment strategists has released the firm's 2013 Annual Global Outlook, highlighting core expectations for capital markets as well as a point of view on six central issues for the coming year.
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December 11, 2012 - China's CIC sells stake in Goodman Group in $519.2 million
Outlet: Business Spectator, The
China's sovereign wealth fund CIC has reportedly sold a 6.9 per cent stake in Goodman Group Ltd to local and foreign institutions in a deal said to be worth $519.2 million.
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December 10, 2012 - GPT makes bid for Australand's industrial, commercial assets
Outlet: Business Times - Online, The
GPT Group, Australia's second-biggest diversified real estate trust, offered to buy Australand Property Group's industrial and commercial property assets and development business.
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December 6, 2012 - GIC to buy Paulson resorts for S$1.8 billion
Outlet: Today Online
he Government of Singapore Investment Corp. is set to acquire a group of resorts owned by hedge fund Paulson & Co. for the sum of US$1.5 billion (S$1.8 billion)
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December 6, 2012 - Bank of China joins overseas peers in $950 million CMBS deal
Outlet: Individual.com
Bank of China has sold $950 million commercial-mortgage-backed securities with a couple of banks at the end of last month, becoming the first Chinese bank to tap into the US securitization market.
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December 5, 2012 - Blackstone launching Asian real estate fund
Outlet: Reuters - Online
The Blackstone Group has launched a new real estate fund focused on Asia.
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December 5, 2012 - RB Capital buys 16 retail units for $69 million
Outlet: Business Times - Online, The
RB Capital is buying 16 ground-floor riverfronting retail units comprising The Quayside's retail podium for $69 million.
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December 5, 2012 - Salans, SNR Denton and FMC Law firms to combine to form global real estate platform
Outlet: Press Release
Law firms Salans, SNR Denton and Fraser Milner Casgrain have agreed to combine to create a new global law firm, which will be known as Dentons.
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December 4, 2012 - Alpha Investment might buy Morgan Stanley Shanghai Property for $529.5 million.
Outlet: BruineiNews.net
Alpha Investment Partners, a Singapore-based property fund, is planning to buy a Shanghai mall-and-office project from a Morgan Stanley-managed real-estate fund for 3.3 billion Chinese yuan ($529.5 million).
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December 3, 2012 - China's developer buys land in Malaysia for $330 million
Outlet: Xinhua News Agency
Chinese property developer Country Garden Holdings Co. said it is buying 11 hectares of prime waterfront land in a big industrial zone in southern Malaysia for almost $328.97 million.
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November 29, 2012 - Ontario Teachers plans Hong Kong office
Outlet: Press Release
The C$117.1 billion ($118 billion) Ontario Teachers’ Pension Plan (OTPP) will open an Asian regional office in Hong Kong.
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November 28, 2012 - Chinese firm enters Australia's property market
Outlet: Weekend Australian, The (VIC)
Singapore-based Bright Ruby has made its first foray into Australia's property market, with the purchase of BlackRock's Sydney office tower at 10 Barrack Street, according to a source.
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November 27, 2012 - Cordea Savills appoints business director for Asia
Outlet: Yahoo! News
Property investment manager Cordea Savills has appointed Reynold Chan as its new business development director for Asia.
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November 27, 2012 - Macquarie raises $500 million for U.K. projects
Outlet: FT.com
Macquarie Group, the Australian investment bank, has raised $500 million to invest largely in U.K. infrastructure projects.
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November 27, 2012 - Billionaire Mori plans $1.2 billion real estate investments
Outlet: Bloomberg News
Japanese billionaire Akira Mori plans to buy as much as 100 billion yen ($1.2 billion) in properties in Tokyo, New York and London, his company’s first investment of this scale since 2008, as local real estate values recover and the yen strengthens.
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November 26, 2012 - Future Fund agrees to acquire portfolio assets of Australian Infrastructure Fund
Outlet: Press Release
Future Fund agrees to acquire portfolio assets of Australian Infrastructure Fund, which is expected to be held in January 2013.
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November 22, 2012 - Brookfield and Johnson Controls merge to create Brookfield Johnson Controls
Outlet: Money News
Brookfield Asset Management and global diversified technology and industrial leader Johnson Controls have agreed to merge their Australian and New Zealand to create Brookfield Johnson Controls.
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November 22, 2012 - Morgan Stanley nears sale of $560 million Shanghai project
Outlet: NASDAQ
A Morgan Stanley-managed real-estate fund is close to selling a Shanghai shopping-and-office complex that could fetch 3 billion-3.5 billion yuan ($480million-$560 million).
