Deep-pocketed giants from mainland China showed off their growing dominance of Hong Kongs property sector again on Tuesday when a joint venture between Ping An Real Estate Capital and Hong Kongs Road King Infrastructure bested 13 other bidders to win a site on the citys South Island MTR line.
A commercial site in Singapores Marina Bay financial district brought a record bid of S$2.6 billion ($1.9 billion) today as enthusiasm for office projects revives in the southeast Asian financial hub. And Blackrock may be counting on the interest that drove seven bids for the land parcel at Central Boulevard to spread next door to Asia Square 2 as the US asset management heavyweight reportedly puts that landmark project on the market.
CBRE Global Investors announces the acquisition of Karl Johans gate 12 Oslo from Norwegian Lights A/S. The asset comprises two mixed use properties extending to 2200 m of high street retail a 181 bedroom city centre hotel and 2700 m of offices with frontage on Karl Johansgate and Kirkegata.
Greenman buys supermarkets and retail parks for (DE)
Hong Kong developer Sino Land has outbid dozens of rivals to win a residential land site in the New Territories for HK$1.38 billion ($176.7 million) setting a new price record for Hong Kongs Ma On Shan area in Sha Tin.
Following the success of two previous funds TH Real Estate has launched its third Austrian-focused real estate investment product. The open-end special property fund an investment club vehicle - presents an attractive investment opportunity for German investors looking to access retail and office real estate investments across Austria. The core vehicle will target a maximum equity of 250m.
Specialist property is being recognised by investors as a source of long-term secure income - 83.1bn (70.4bn) has been transacted in specialist property assets since 2007 and its popularity is set to continue with investment volumes forecast to reach 17.8bn (15bn) this year according to Knight Franks new report Rest Assured Specialist Property.