Christopher Caillavet

Bangkok

Associate Editor at Mingtiandi

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mingtiandi.com

Articles

CapitaLand Investment Applies to List $380M China Mall REIT

1 week ago | mingtiandi.com | Christopher Caillavet

Singapore’s CapitaLand Investment has applied for the registration and listing of its first onshore China REIT, with the trust set to be seeded with a pair of malls valued at a combined RMB 2.8 billion ($380 million). The listing of CapitaLand Commercial C-REIT on the Shanghai Stock Exchange would mark the first international-sponsored retail C-REIT and the first of that type by a Singapore-based company, CapitaLand Investment said Thursday in a release.
Morgan Stanley Invests in $380M Frasers Aussie Shed Portfolio

1 week ago | mingtiandi.com | Christopher Caillavet

The real estate investment arm of banking giant Morgan Stanley has formed a 50:50 joint venture with Frasers Property to invest in an Australia industrial portfolio developed by the Singapore-based firm and valued at A$600 million ($380 million). The set of eight assets spans 188,000 square metres (2 million square feet) of gross floor area at locations around Sydney and Brisbane, Frasers Property said Thursday in a release.
Hong Kong Office Rents Down 42% From 2019 Peak: C&W

1 week ago | mingtiandi.com | Christopher Caillavet

Grade A office rents in Hong Kong dipped to HK$43.90 ($5.66) per square foot per month during the first quarter of the year, marking a 42.2 percent decline from their peak in the same quarter of 2019, according to Cushman & Wakefield.
Hines Promotes India Investment Head Gupta to Managing Director

1 week ago | mingtiandi.com | Christopher Caillavet

US builder and fund manager Hines announced a set of promotions for its India team this week, led by the elevation of Ankur Gupta to managing director and head of investments in the world’s most populous country. Mumbai-based Gupta, who is in his fifth year at privately held Hines, most recently served as senior director and head of investments since February of last year. Throughout his two-decade career, Gupta has overseen capital raises and equity investments in excess of $500 million.
SC Capital Buys Kyushu Hotel for $1B Japan Hospitality Fund

2 weeks ago | mingtiandi.com | Christopher Caillavet

SC Capital Partners on Thursday announced its acquisition of a 165-room hotel in the southernmost part of Kyushu island for an undisclosed price, as the fund manager continues to make Japanese lodging a key focus of its regional strategies. SC Capital picked up the Hotel Gran Cerezo Kagoshima on behalf of its $1 billion Japan Hospitality Fund I, said the Singapore-based firm, which is 40 percent owned by Temasek-controlled CapitaLand Investment.
ESR Starts $1B Final Phase of Greater Osaka Logistics Park

2 weeks ago | mingtiandi.com | Christopher Caillavet

ESR has broken ground on the $1 billion final phase of a Greater Osaka logistics park, drawing on capital raised for the industrial giant’s first domestic fund in Japan. ESR Kawanishi DC3 will provide 433,000 square metres (4.7 million square feet) of gross floor area, making it the group’s largest-ever project, ESR said Wednesday in a release.
Goodman to Invest $722M Developing 90MW Sydney Data Centre

2 weeks ago | mingtiandi.com | Christopher Caillavet

Australian builder Goodman Group has filed for an environmental assessment of a 90-megawatt data centre project in Sydney, with plans to invest A$1.2 billion ($722 million) developing the facility. The scheme involves the redevelopment of Goodman’s existing four-warehouse industrial park at 12 Mars Road in the northwest suburb of Lane Cove, according to documents submitted to the New South Wales state government.
Singapore's GIC Launches $329M Brazilian Data Centre JV

2 weeks ago | mingtiandi.com | Christopher Caillavet

GIC has formed a joint venture with Brazilian asset manager Alianza to invest BRL 2 billion ($328.8 million) in data centres in the South American nation, as the Singapore sovereign giant continues its procession of intercontinental bets on digital infrastructure. The JV will set up a fund focused on sale and leaseback and built-to-suit operations and pursue long-term contracts with hyperscale data centre operators, Alianza said Tuesday in a LinkedIn post.
Singapore's URA Launches Tenders for Sites Yielding 955 Homes

2 weeks ago | mingtiandi.com | Christopher Caillavet

The Urban Redevelopment Authority on Tuesday released two western Singapore residential sites for tender under the Government Land Sales programme with capacity to yield 955 homes. The site at Dunearn Road in the new Bukit Timah Turf City housing estate can potentially provide 380 homes, the URA said in a release, while the Lakeside Drive plot in Jurong West can support up to 575 homes.
Greystar Raises $25M From Texas Teachers for APAC Fund

2 weeks ago | mingtiandi.com | Christopher Caillavet

The Teacher Retirement System of Texas committed $25 million to a Greystar Asia Pacific value-add fund in March, marking the pension plan’s first capital allocation to APAC real estate in 15 months. TRS made the pledge to Greystar GEPA CoInvest II on 19 March as part of the Texas institution’s $681 million in commitments last month to various real estate, private equity, energy and infrastructure strategies, as disclosed this week in a monthly update.