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Asia Pacific

Manulife US REIT Announced Liquidation Of Dormant Entities November 18, 2021 – In a statement, Manulife US REIT said DBS Trustee Limited, in its capacity as trustee of Manulife US REIT, has completed the liquidation of the following dormant wholly-owned entities established in Barbados. The REIT said the liquidation of the Barbados Entities is not …

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Australian real estate

DWPF Acquires Additional 25% Interest In Westfield Warringah Mall November 18, 2021 – Dexus today announced that Dexus Wholesale Property Fund (DWPF) has exchanged contracts to acquire an additional 25% interest in Westfield Warringah Mall, Brookvale for circa $410 million, increasing DWPF’s interest to 50%, with Scentre Group retaining ownership of the remaining 50% interest. …

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Manila, Philippines Real Estate

Megaworld’s REIT To Acquire 4 Office Towers (Manila Standard) November 17, 2021 – MREIT Inc., the real estate investment trust company owned by Megaworld Corp., said Tuesday it will acquire four prime office towers next month to boost its leasing portfolio and increase shareholder value. MREIT said in a disclosure to the stock exchange it …

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More Korean REIT Debuts Garner Investor Attention (The Korean Herald) November 17, 2021 – South Korea is poised to welcome a series of listings of real estate investment trusts by the end of this year, with their underlying assets increasingly diversifying, filings showed.  A REIT refers to a vehicle designed to offer dividend returns to …

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CapitaLand Development And Ascendas REIT To Jointly Redevelop 1 Science Park Drive Into A Life Science And Innovation Campus For S$883 Million (US$652.12 Million) November 16, 2021 – As part of the multi-stage precinct rejuvenation of Singapore Science Park 1 (SSP 1), CapitaLand Development (CLD), the development arm of CapitaLand Group, and Ascendas Reit, a …

CapitaLand Development And Ascendas REIT To Jointly Redevelop 1 Science Park Drive Into A Life Science And Innovation Campus For S$883 Million (US$652.12 Million) Read More »

SPH Says New Cuscaden Scheme Is Superior To The Keppel Final Offer November 15, 2021 – Cuscaden Peak entered into an Implementation Agreement with Singapore Press Holdings (SPH) to acquire all the issued and paid-up ordinary shares in the capital of SPH, by way of a scheme of arrangement. Under the Cuscaden Scheme, each SPH …

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