…oul’s Gangnam business district closed on Tuesday, according to the public online auction site OnBid, with the winning bid representing a 33 percent discount from the asset’s appraised value of KRW 230.8 billion. A market source who spoke with Mingtiandi on Wednesday identified the winning bidder as a joint venture between LaSalle and KT Estate, the property development arm of Korea Telecom, confirming local news reports. The asset was auctioned o…
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PAG Said Mulling Buy of Wanda’s $14B Mall Portfolio and More Asia Real Estate Headlines
…r through eight of the building. Read more>> DBS Accepts Offers for Retail Storefronts in Singapore DBS has accepted offers from prospective buyers for 19 of the 46 shophouse and retail units formerly occupied by its full-service branches in Singapore which were put up for sale in April. The Business Times understands that the 19 units comprise shophouse and shop units in HDB estates. The units are in Tanjong Pagar, Clementi, Bukit Panjang, Jurong…
Sweden’s EQT to Acquire PropertyGuru for $1.1B as KKR, TPG Cash Out
…partner Christian Sinding Sweden’s EQT has agreed to buy PropertyGuru, the online real estate portal backed by fund managers KKR and TPG, in an all-cash deal valuing the Singapore-based platform at $1.1 billion, according to a Friday announcement. Private equity firm EQT will pay $6.70 per share to acquire NYSE-listed PropertyGuru, the companies said in a release. The consideration represents a 52 percent premium to PropertyGuru’s closing share pr…
Southeast Asia, India and Australia Feature in Mingtiandi Logistics Forum This Week
…ll be representatives of BW Industrial, ESR and Mapletree Investments. The online forum, which is sponsored by Yardi, will continue at 10:00 AM Hong Kong time on Thursday, 20 June with an exploration of the Australian market with speakers from DWS, ESR, Hale Capital Partners and MSCI Real Assets. The first two sessions in Mingtiandi’s fifth annual APAC Logistics Forum attracted more than 1,200 viewers to the company’s MTD TV video platform and you…
Supply Chain Shifts Continue to Drive India and Southeast Asia Logistics Growth: MTD TV
…rce players, which have been rationalising warehouse space amid moderating online retail growth post-pandemic. The influx of foreign high-tech manufacturers in India, along with a growing domestic consumer base and infrastructure upgrades, are generating attractive returns for logistics development projects, according to Mukherjee. “We have seen that rental reversions have been very positive, and on the development side, the yield has improved,” s…