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...


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...


HNA and AEP earmark assets for S$450m S-REIT launch

More details have been revealed about HNA Group’s and AEP Investment Management’s forthcoming Singapore REIT launch, which is set to be the biggest this year. AEP and HNA Group are...


Chung Kei closes in on Docklands asset for debut UK deal

Company owned by Chinese tycoon Chen Hong Tian set to pay £410m for Brookfield’s 20 Canada Square  Chung Kei Group is to buy a £410m ($531.8m) office building in London’s...


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...


CapitaLand sells Singapore office and retail project

CapitaLand Commercial Trust has sold Singapore’s Wilkie Edge office and retail development for S$280m ($202.7m). The REIT sold to Lian Beng Group and a vehicle of the Teo family at...


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...


MUFG revives securitisation in Japan via J-REIT loans sale

Mitsubishi UFJ will securitise ¥100bn of J-REIT debt per year, but not via CMBS Securitisation has returned to the Japanese real estate market. Mitsubishi UFJ Financial Group (MUFG) has launched...



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...


Hong Kong property owners check out of hotels to ride soaring tidal wave of city’s office prices

The world record price set in May for a harbour-front plot in Central has encouraged a number of hotel owners in their plans to convert assets to offices, but they...


Ping An provides record $700m funding for Chicago tower

Ping An Bank has made the largest construction loan in Chicago’s history, advancing $700m for the development of a 95-storey tower. Magellan Development Group and Dalian Wanda Group plan to...

Kay data: Non-listed sector