Acquisitions
Parkway Life REIT acquires three nursing homes in Hokkaido, Japan for $26.1m
The acquisition is expected to generate an average net property yield of 6.5%.
Parkway Life REIT acquires three nursing homes in Hokkaido, Japan for $26.1m
The acquisition is expected to generate an average net property yield of 6.5%.
Ascendas REIT to acquire cold storage facility at 1 Buroh Lane for $191.9m
The acquisition will be funded through internal resources and/or existing debt facilities.
FCT to acquire 10% additional stake at Waterway Point for $73.6m
Post-acquisition, FCT will own 50% of the retail mall.
IHH drops acquisition of Ramsay Sime Darby Healthcare
A $1.35b buyout offer was earlier proposed by IHH.
ESR LOGOS REIT mulls acquisition of ESR Sakura Distribution Centre
The acquisition is expected to be up to 2.9% DPU accretive to unitholders.
Keppel units to acquire 80% of 800 Super's shares
The transaction is expected to close in Q422.
Ascendas REIT to acquire Philips APAC Center for $104.8m
More than two-thirds of the property’s gross floor area will be leased to Philipps.
Ascott acquires first lyf-branded co-living property in Tokyo
The property will be acquired through the Ascott Serviced Residence Global Fund.
JC&C offers to takeover Cycle & Carriage Bintang
The company currently holds 89.994% of CCB's issued shares.
ComfortDelGro to acquire GoBus operator for $17.52m
The acquisition will make the company the third largest inter-city coach operator in Ireland.
Cromwell EREIT acquires third logistics asset in the UK for $31.8m
The property is 100% let to UK 3PL company, Kammac Limited.
Deal to acquire Sime Darby Business Centre collapses
AIMS APAC REIT to be refunded of $1.02m option fee.
Ascott to acquire Oakwood Worldwide from MapleTree Investments
The acquisition will increase Ascott’s global portfolio by 81 properties.
CapitaLand Investment Limited’s lodging business, The Ascott Limited (Ascott), will acquire apartment provider, Oakwood Worldwide, from Mapletree Investments.
Ascott said Oakwood will increase its global portfolio by 81 properties and about 15,000 units.
Upon the completion of its acquisition in Q322, Ascott said Oakwood will also “immediately” contribute to its recurring fee income streams.
“The acquisition of Oakwood will leapfrog Ascott’s global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA),” Ascott said in a bourse disclosure.
Kevin Goh, CLI’s Chief Executive Officer for Lodging added that Oakwood’s addition to Ascott will also bring an immediate boost to the company’s units under management and franchise contracts.
Frasers Logistics acquires property in the UK for $171.7m
The property has a total lettable area of 667,185 square feet.
Lian Beng subsidiary acquires Food Empire Building for $49.25m
Cushman & Wakefield brokered the private treaty sale.
CLI acquires 22-storey office tower in Melbourne
The asset is the fifth investment made by CLI in Australia within six months.
CCCS raises competition concerns over acquisition of Air India by Tata Sons’ subsidiary
Tata Sons provides air transport services in India via a joint venture with Singapore Airlines.
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