July 2017 | Asia Property

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Lack of bidders and past deal doubts put GLP sale in jeopardy

GLP chief exec Ming Mei’s key role with one of just two bidders and past deal concerns deter potential buyers   Logistics giant GLP has received only two firm...


Key data: Occupiers

 • Refrigerated space and multi-tenant logistics, office and production facilities are in demand in Japan  Japanese logistics takes alternative path The uses of logistics properties in Japan are changing as...


China Vanke founder and chairman Wang Shi leaves board

  Wang Shi, founding chairman of China Vanke, has stepped down from the developer’s board. Announcing that he would not seek nomination as a board member, he said: “I passed...


Korea’s IGIS AM pays $634m for Seoul office block

IGIS Asset Management has bought a Seoul office tower for KRW735bn ($634.8m). The Korean asset manager, with backing from National Pension Service of Korea, bought Signature Tower, a 1m sq...


Oversupplied China market books in a brighter future

A building boom has left China’s hotel market oversupplied, but growing domestic and foreign visitor numbers and a slowdown in development make the market’s long-term prospects look promising China’s hotel...


CDL rights issue will cut debt after Munich hotel buy

CDL Hospitality Trusts is buying a hotel in Munich for €98.9m ($112.9m) as it launches a new rights issue. The Singapore stapled business trust and REIT is buying the Pullman...


Market talk

“We couldn’t have got into the market without paying above market prices. High home prices will affect Hong Kong’s competitiveness in attracting international talent, so the stranglehold should be broken”...



CapitaLand faces taxing problem with Asia Square Tower 2 bid After dropping out of the race to acquire Asia Square Tower 1 from BlackRock in Singapore last year, CapitaLand has...


GIC, Blackstone and Cindat vie for stake in Oz senior housing

GIC Real Estate, Blackstone Group and Cindat Capital Management head the list of bidders for a 50% stake in Lendlease Group’s Australian senior housing business. The business is tipped to...


CBRE GI confirms Universal deal for housing in Japan

CBRE Global Investors has confirmed its acquisition of a Japanese residential property portfolio, as revealed in AsiaProperty last month. CBRE GI bought 39 properties, with more than 1,500 units, with...

Company Profiles

Croesus Retail Trust

The quality of the Singapore-listed trust’s Japanese retail portfolio has attracted a take-private bid from Blackstone, which the management has welcomed, as it offers a premium to the unit price...

Kay data: Non-listed sector