CapitaLand Ascendas REIT Buys Seagate’s R&D Facility For S$218.2 Million After S$450 Million Private Placement May 20, 2023 – CapitaLand Ascendas REIT has agreed to acquire The Shugart, an integrated high-specification research and development R&D facility and business park property, from Seagate Singapore for S$218.24 million, its manager said. The property is situated at 26 Ayer …
CapitaLand Malaysia REIT Buys Second Logistics Property For RM39.7 Million (US$29 Million) May 20, 2023 – CapitaLand Malaysia Trust (CLMT) has agreed to acquire a freehold logistics warehouse located at the Hicom- Glenmarie Industrial Park in Shah Alam, Selangor. The purchase price is RM39.7 million. Read more here.
Japan’s Q1 Real Estate Transaction Volume Up 46% Year-on-Year May 20, 2023 – Japan’s real estate sales transaction volume in the January to March quarter increased 46% year-on-year to 1.15 trillion yen (US$8.2 billion), according to the Nikkei Real Estate Market Report. The number of transactions reported increased by 7% year-on-year to 407. The volume of …
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Japan’s Advance Residence Investment Corp Sells Assets April 27, 2023 – Japan’s Advance Residence Investment said it sold two assets to realise stable dividend payout. The disposition price of both assets will exceed their book value, and the sale is expected to generate a total gain of 1.8 billion yen over two fiscal periods. “We …
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AIMS APAC REIT Divests 541 Yishun Industrial Park A In Singapore For S$12.88 Million April 24, 2023 – AIMS APAC REIT has agreed to sell 541 Yishun Industrial Park A in Singapore at S$12.88 million, representing an 8.2% premium to the property’s valuation of S$11.9 million. Net proceeds from the divestment will be utilised to repay …
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NTT UD REIT Revises Upwards Performance Forecast For Year Ending October 2023 March 25, 2023 – NTT UD REIT Investment Corporation (NUD) said that it has revised its performance forecast for the six-month period ending April 2023 and October 2023 following an acquisition. Its net income forecast for the fiscal period ending April 2023 will …
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