Cromwell Property Group is seeking up to AUD300m (€192m) equity fundraise to support its growth plans, fund its commitment to Cromwell European REIT (CEREIT) and to repay debt. The real estate manager has issued securities at AUD98 cents each, representing a 4.9% discount to its last closing price.
Nissay Asset Management Corp Japan ADV grew its holdings in Liberty Property Trust (NYSE:LPT) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,109 shares of the real estate investment trust’s stock after acquiring an additional 1,354 shares during the quarter.
In an effort to expand its presence in Japan, data-center REIT Digital Realty Trust, Inc. DLR recently announced a multi-megawatt, multi-year agreement with a global cloud-service provider for capacity at its second facility in Osaka referred as the Digital Osaka 2 Data Centre.
Digital Realty Inks Multi-Megawatt Deal for 2nd Osaka Facility (Nasdaq) Read More »
TTJ Holdings’ subsidiary, TTJ Greenfuel, on Wednesday entered into an agreement to acquire an industrial property in Singapore and machinery for S$16.18 million. TTJ, the listed parent company, said after Wednesday’s trading close that this asset acquisition from Biofuel Industries will go towards building a wood pellet manufacturing busness.
ASCENDAS Hospitality Trust is set to acquire a hotel property in South Korea for 77.5 billion won (S$94.5 million). The manager of the trust said after Wednesday’s trading close that it has entered into an agreement with The Korean Teachers’ Credit Union and KT&G Corp to take over Ibis Ambassador Seoul Insadong, following its maiden
Sime Darby Property Bhd is looking at undertaking a tactical price review of its unsold units after net profit for the three months through September dropped 93% to RM28.8mil. The company’s strategy is only to be expected due to the high level of unsold inventory units. Coupled with low absorption rates due to the current
SimeProp to review prices of unsold units (The Star) Read More »
The Kuala Lumpur and Selangor office market remained subdued in the third quarter of 2018, as rental growth prospects continued to be challenging. Knight Frank Malaysia said rental growth is still slow amidst rising trade tensions.
Office market in KL and Selangor remains soft (The Star) Read More »
Nissay Asset Management Corp Japan ADV grew its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,500 shares of the real estate investment trust’s stock after buying an additional
Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Brookfield Property Reit Inc (NASDAQ:BPR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 670,684 shares of the company’s stock, valued at approximately $14,037,000. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.07% of Brookfield
Australia’s first coworking space with integrated hotel accommodation, Kafnu in Sydney’s Alexandria, is set to open in December, but that has not slowed its Singapore-based parent company Next Story Group from hunting for more sites Down Under.