S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
France’s Mistral has raised €3 billion in equity at a valuation of roughly €21 billion (S$34 billion), marking the largest private fundraising round by a European tech firm. The three-year-old AI company plans to use the funds to power its models and frontier research as it competes with US rivals.
Plytec Holding Bhd has applied for banking facilities of up to RM7.52 million to partly fund its RM6.21 million purchase of a 4.83-acre freehold site in Kuala Langat and an estimated RM2.15 million land conversion premium. The application remains pending as of Sept 7, with the group expecting to fin
Listed Philippine developer Vista Land & Lifescapes is considering selling two non-core malls for up to P15 billion ($250 million) to refinance a $420-million bond due in July 2027. CreditSights identified asset sales, unpledging financial investments, shareholder support and domestic bank loans as
PhilWeb Corp. and its wholly owned subsidiary PhilWeb Capital Corp. have agreed to invest a combined P4.23 billion in JKS Tech Solutions, Inc., the PAGCOR-listed gaming system administrator of the Epic Game brand. The investment covers 10.73 million Class B common shares at P394 apiece, payable in t
Jaguar Land Rover has announced plans to cut around 4,000 roles over the next two years, citing geopolitical uncertainty, US tariffs and the aftermath of a cyberattack. The voluntary redundancy scheme targets management roles, with most cuts expected in the UK.
Arnya RealEstates Fund Advisors has launched Arnya Real Estate Fund III – Preferred Capital, a Category-II AIF with a target corpus of ₹750 crore. The fund, launched in partnership with Casagrand Premier Builder, will invest in residential projects across Chennai, Bengaluru and Hyderabad.
Penang will auction a 6-acre freehold plot in Tanjung Pinang on Oct 7 to raise funds for the Ayer Itam to Tun Dr Lim Chong Eu Highway bypass, which is 92.46% physically complete but only 81.69% financed. The reserve price is RM313.632 million, or RM1,200 psf, with proceeds shared between the state a
Pham Thu Huong, wife of Southeast Asia’s richest man Pham Nhat Vuong, ranked 963rd on Forbes’ real-time billionaire list on Friday. Her net worth rose nearly US$200 million in a single day as Vingroup shares hit a record high.
Singapore's tax revenue rose 9.4% year-on-year to S$97.3 billion in the 2025/2026 financial year, driven by stronger economic activity and consumer spending. The Inland Revenue Authority of Singapore reported that corporate income tax remained the largest contributor at S$34.4 billion, followed by G
AmFIRST REIT is seeking unitholders' approval to sell Menara AmBank to AmBank (M) Bhd for RM331 million cash. The proposed disposal would lower the REIT's pro forma gearing to 33.94% from 46.60% and is expected to improve distribution per unit to 3.24 sen from 2.87 sen. A unitholders' meeting is sch
AREIT, the Philippines’ first real estate investment trust, has named Eduardo Javier Carballo as its new chief operating officer. The capital-markets veteran, who spent over 20 years in debt capital markets and treasury, will start on Sept 7.
ESR Kendall Square has sold Pyeongtaek Logistics Park in South Korea to a Samsung SRA Asset Management vehicle backed by the National Pension Service for KRW 343 billion ($252.6 million). The 190,000 sq m warehouse, fully pre-leased to e-commerce operator SSG.com, was developed with Canadian and Dut
Australian senior housing provider Eureka Group has agreed to acquire six retirement properties in New South Wales from Ingenia Communities Group for A$123.8 million. The deal adds 953 established sites and will be partly funded by an A$80.2 million entitlement offer and a new A$80 million debt faci
Korea Post has selected Capstone Asset Management and IGIS Asset Management as preferred bidders for a KRW 500 billion ($368 million) domestic real estate loan strategy. The mandate marks the state-run postal agency's first domestic property debt programme since 2023, permitting development lending
Hongkong Land is in talks to enter Japan's property market with deals exceeding US$1 billion for mixed-use complexes in prime Tokyo locations, as part of parent Jardine Matheson's pivot towards becoming an investment firm. The developer has struggled to find suitable properties or partners amid Japa
SkyWorld Development Bhd has been named Best Performing Company in the Property Sector at The Edge Malaysia ESG Awards 2026. The recognition follows its gold award in the Emerging Leader category at the 2025 edition and reflects its integration of environmental, social and governance considerations
The Bureau of the Treasury borrowed P29.561 billion from reissued 20-year bonds, just short of the P30-billion target, as the average yield rose to 7.218% on risk-off sentiment from the escalating Middle East conflict. Global bond routs pushed sovereign yields higher, with traders flagging weak dema
Enterprise AI operating system provider Wonderful has raised US$550 million in a funding round led by Insight Partners, more than doubling its valuation to US$5 billion. The company will use the capital for product development and expansion, having grown to 650 employees across 35 markets since its
JG Summit Holdings expects to maintain its 7% consolidated revenue growth in the second half of 2026, though its airline arm Cebu Air faces challenges from elevated jet fuel prices due to US-Iran tensions. The conglomerate also flagged shifts in consumer behaviour as inflation pushes shoppers toward
Mapletree Investments has secured more than $500 million in equity commitments at the first close of a logistics development strategy targeting $2.1 billion in assets across Malaysia, Vietnam and India. The fund, MEGA, will target high-growth markets amid growing domestic consumption and supply-chai
Singapore and Thailand signed a Memorandum of Understanding on Wednesday (Sep 2) to deepen cooperation in social sector development, covering personnel exchanges, knowledge sharing and joint training. The agreement was inked during the Singapore-Thailand Leaders' Retreat in Bangkok, the first such m
Singapore has committed another S$112 million to built environment research and innovation under the RIE 2030 plan. The Building and Construction Authority also announced a refreshed Green Mark scheme and mandatory accredited site supervision for large-scale projects from 2028.
IOI Properties Group has exercised its call option to acquire MVKimi, the holding company of Asia Square Tower 2, for an estimated S$1.19678 billion. The 46-storey integrated development at 12 Marina View includes offices, retail space and the Westin Singapore hotel on a master lease.
Carlos “Sonny” G. Dominguez III, who served as Philippine Finance secretary from 2016 to 2022, has been appointed lead independent director of Megaworld Corp. His appointment comes as the property developer expands its hospitality portfolio and targets nearly 12,000 hotel rooms by 2032.
Keppel DC REIT and its sponsor Keppel Ltd are acquiring a 90% interest in two hyperscale data centres in Greater Tokyo from a joint venture of GIC and Equinix. The deal values the properties and their operating company at JPY 190 billion ($1.2 billion), with GIC selling its full 80% stake and Equini
Pham Nhat Vuong, chairman of Vingroup, leads Southeast Asia's five wealthiest billionaires with a net worth of US$36.5 billion, according to Forbes. The combined wealth of the top five, including tycoons from the Philippines, Indonesia and Thailand, totals US$110.7 billion.
Philippine fast food giant Jollibee Foods Corp plans to spin off and list its international operations on the Hong Kong Stock Exchange, reversing an earlier plan for a US listing. The group cited its existing presence in Asia and access to global investors as reasons for choosing Hong Kong.
Magma Group Bhd has completed the disposal of its 20% interest in Heritage Lane Sdn Bhd, owner of the Impiana KLCC Hotel in Kuala Lumpur, for an estimated RM63 million. The transaction values the entire hotel owner at RM315 million. Proceeds will be used for debt repayment and reinvestment.
The Income-Tax Department is scrutinising property transactions worth ₹8,500 crore, focusing on unreported, undervalued and benami deals. About ₹2,000 crore of the identified transactions are suspected to involve benami arrangements, with officials cross-referencing PAN data against income tax retur
Malaysia’s English-language education, cost competitiveness and underdeveloped purpose-built student accommodation could attract institutional investors, JLL Malaysia says. However, the firm did not disclose local PBSA provision rates, bed counts or occupancy data, leaving its investment thesis yet
Ares Management has raised ¥612 billion (US$4 billion) for its fifth Japan logistics development fund, the unit's largest closed-end institutional fundraise. The fund, Japan Logistics Development Partners V LP, closed at its hard cap and is nearly 50 per cent larger than its 2021 predecessor.
Analysts say VITRO REIT's delayed listing reflects deal execution and market timing rather than a change in PLDT's commitment. The data centre REIT now targets a 12 Oct listing on the Philippine Stock Exchange, with PLDT aiming to raise up to US$400 million from the offering.
Tishman Speyer has made its first acquisition under its Korea Living Venture (KLV), buying the 411-unit Songdo CoStay in Incheon. The US developer is deploying S$300 million in equity commitments from Dutch pension investors APG and Bouwinvest into South Korea's rental housing sector.
Blackstone is offering up to $1.25 billion in units of India’s Knowledge Realty Trust at a 4.7 per cent discount to Friday’s close. The deal could reduce the US private equity giant’s stake to as low as 21.5 per cent from 46.5 per cent, handing control to partner Sattva Group.
A Russian drone strike on a warehouse in the village of Myla near Kyiv sparked a massive detonation that killed at least 37 people and injured dozens on Friday night. President Volodymyr Zelenskyy vowed accountability, as the incident marks the second such strike-related explosion in the region in t
Vamsiram Builders has secured a 5.38-acre land parcel in Hyderabad's Raidurg (Knowledge City) for ₹1,447 crore at a government auction, achieving ₹269 crore per acre. The price sets a new record for the precinct, surpassing the ₹264 crore per acre paid by MSN Realty just a week earlier.
Honda Motor and Nissan Motor are expected to agree as soon as Monday on developing a shared operating system and onboard computer for new cars as early as 2029. The Nikkei newspaper reported the news on Saturday, though Honda told Reuters no deal had been decided.
Sponsor entities of Knowledge Realty Trust plan to sell up to 111 crore units, or 25.03% of the REIT's unit capital, through an offer for sale on stock exchanges. The move aims to comply with SEBI's minimum public unitholding requirements, with the offer opening for non-retail investors on 31 Aug 20
HKEX will allow short selling of Shein shares and launch weekly and monthly options and derivative warrants from the fast-fashion retailer's trading debut on 1 Sep. The exchange also notified warrant issuers they may list warrants on Shein shares when trading begins.
Avaland Bhd recorded a 41% quarter-on-quarter rise in net profit to RM17.1 million for 2QFY2026, driven by higher construction progress and new project contributions. New sales surged 46% to RM222.4 million, and the group acquired a 1.9-acre freehold site in Taman U-Thant for a luxury residential pr
Yuchecngo-led PetroEnergy Resources Corp. (PERC) will sell a 35% stake in PetroWind Energy, Inc. (PWEI) to Japan's SMFL Mirai Partners for P1.7 billion. The deal comes weeks after PERC completed its acquisition of former partner BCPG's stake in the Nabas wind farm operator. PERC will retain a 25% st
Sumitomo Mitsui Finance and Leasing Co., Ltd. has closed its acquisition of a 30% stake in RCBC Leasing and Finance Corp. after clearing all regulatory approvals. The investment positions RLFC for expansion in sectors such as manufacturing, construction and renewable energy.
Identity verification startup Socure has secured a strategic growth investment that values the company at S$5.2 billion. The firm also acquired agentic operations platform Fravity, though financial terms of the deal were not disclosed.
The Singapore Red Cross has pledged S$50,000 in humanitarian aid for flood-hit Nepal and Tibet, where more than 1,000 people including nine Singaporeans are missing. A public fundraising appeal will run from Aug 28 to Nov 30, with funds channelled through the Red Cross and Red Crescent Movement.
Singapore is set to surpass its 2019 annual peak for real estate transactions, with first-half volumes surging 269 per cent year-on-year to US$10.3 billion. A further S$6 billion of announced deals could push the city-state past the previous S$13.1 billion record, driven by lower interest rates and
Sunway Bhd reported a 16.7% rise in 2QFY2026 net profit to RM318.59 million, driven by higher contributions from property development and investment. The group also posted a RM9.1 billion first-half gain from the revaluation of its healthcare unit upon listing.
IOI Properties Group Bhd reported net profit attributable to shareholders more than doubled to RM2.15 billion for FY2026, as revenue rose 45.1% to a record RM4.44 billion. The stronger full-year performance was driven by contributions from the consolidated South Beach office tower and JW Marriott Si
Tropicana Corp Bhd reported a 157.7% jump in second-quarter revenue to RM850.77 million, driven by three land sales in Johor Bahru and Selangor totalling RM513.8 million. Profit before tax more than doubled to RM21.88 million, but a RM39.41 million income-tax expense pushed the group to a consolidat
Chin Hin Group Bhd posted quarterly revenue of RM1.05 billion in 2QFY2026, up 10.3% year on year, driven by stronger property development and construction contributions. Property development revenue rose 38% to RM254.11 million, while construction revenue grew 26.5% to RM223.34 million.
The yield on the 30-year US Treasury bond hit a near-20-year high above 5.33% on 18 Aug, prompting US intervention. Analysts warn that higher US yields will push up borrowing costs in Asia, making mortgages and loans more expensive for households and businesses.
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