July News in Brief | Asia Property

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July News in Brief

Published on July 13th, 2015

CPPIB and Indian partner buy Chennai IT park in JV debut deal A joint venture between Canada Pension Plan Investment Board and India’s Shapoorji Pallonji has acquired SP Infocity IT…

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Company Profiles

CARREFOUR

In common with other Western retailers, french hypermarket operator carrefour suffered a recent fall in sales in both asia and china, and is diversifying into other retail formats to continue...

Companies & People

COMPANIES & PEOPLE

CBRE’s Smith takes the helm at Colliers in Hong Kong Colliers international has appointed Nigel Smith as managing director of the company’s hong kong business. he joins from CBRE, where his predecessor in...

Comment

Property still a safe haven in uncertain times

The weight of capital allocated to real estate continues to grow, with a record $429bn targeting the sector globally, says DTZ. Such is the weight of capital in a sector...

News

IREIT Global scores f irst post-IPO buy in Berlin

Singapore REIT IREIT Global, which invests in German offices, has made its first acquisition since floating last year. It bought a Berlin office building for €144.2m ($159.6m), boosting its total...

Survey

Supply threat may make tower sale not such a big deal

Tower 1 of Blackrock’s Asia Square could soon fetch up to S$4bn, but with oversupply looming, the Singapore office market may be muted in coming years, in common with retail...

News

China’s Dalian Wanda to pour $10bn into Indian projects

Dalian Wanda plans to invest $10bn in India over the next decade. Chairman Wang Jianlin met Indian prime minister Narenda Modi last month and said the firm would like to...

World News

Indian investor backs London scheme by China’s ABP

Chinese developer ABP has secured an investment of “tens of millions of pounds” from Strawberry Star Group, a UK- based company backed by Indian capital, for its £1.7bn ($2.6bn) business...

Survey

Weak euro is a strong Continental plus for Asian capital

While the UK still attracts more than two-thirds of Asian investment into Europe, a weak euro is making Continental assets far cheaper than a year ago, and investors are turning...

News

Warburg Pincus consortium ups Vincom Retail stake in giant Vietnam deal

A consortium led by Warburg Pincus has raised its investment in Vietnamese developer Vincom Retail by $100m. The consortium has now invested $300m in the retail subsidiary of Vietnam’s largest...

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