Link REIT Sells Mong Kok's 700 Nathan Road for HK$2.3 Billion, 61% Below 2016 Price
One of Asia's largest REITs exits the T.O.P mall and office tower it won at a 2016 government tender, the third disposal in its back-to-basics plan this year.
Commercial
Commercial Property
- Commercial Property
Shanghai Office Vacancy Falls to 24.4%, Its First Drop This Year, as Robotics Firms Lease Up
Net absorption rose 23% to 207,047 square meters, CBRE said, but rents are still sliding and Cushman & Wakefield expects more than 500,000 square meters of new towers by year-end.
- Data Centers
Keppel DC REIT Payout Rises 11.7% as S$1.37 Billion Tokyo Data Center Deal Lifts Debt
The Singapore-listed data center trust closed its biggest Japan purchase on Oct. 1, after yen borrowing pushed aggregate leverage up 2.2 percentage points to 36.2%.
- Commercial Property
IOI Properties Markets S$6 Billion Singapore Office Fund, Eyes S$3 Billion Sell-Down
The Malaysian developer wants outside investors in South Beach Tower and IOI Central Boulevard Towers as it works to cut debt after a buying spree in the city-state.
- Commercial Property
Singapore Prime Office Vacancy Falls to 2.6% as AI Firms Join the Hunt for Space
CBRE says Core CBD Grade A rents rose 2% last quarter and could post their strongest annual gain since 2022, with little new supply until 2027.
- Commercial Property
Asia-Pacific Property Investment Hits US$65.6 Billion in Q3 as Debt Costs Start to Bite
Cross-border buying jumped 88.3% from the prior quarter, Knight Frank said, led by Japan, Singapore and Australia, but higher borrowing costs may delay or reprice deals.
- Commercial Property
Seoul Prime Office Vacancy Rises to 4.6% as New Towers Flood the CBD, Savills Says
Two new towers pushed vacancy in Seoul's old downtown to 7.3% in the third quarter, while Gangnam stayed below 2% and rents rose 5.5% from a year earlier.
- Data Centers
NextDC Shares Jump 51% as Goodman and Digital Realty Seek 9.9% Stake at A$9.50
The Australian data center operator called the after-hours bookbuild opportunistic, coming two weeks after a Melbourne power delay forced it to cut its earnings guidance.
- Logistics
India Warehouse Leasing Rises 12% to 19.1 Million Sq Ft as Mumbai Leads, Knight Frank Says
Factories and third-party logistics firms took three-quarters of the space, and rents rose in all eight big markets even where vacancy tops 14%.
- India
Embassy REIT Pays Record INR 7.07 a Unit as GCCs Take 85% of Its Office Leasing
India's largest office REIT grew operating income 15% in the September quarter, but occupancy held at 93%, short of its 95% to 96% target for the year.
- India
Mindspace REIT Lifts Payout 14% to INR 6.67 a Unit as NOI Jumps 32% on Chennai Deals
The K Raheja Corp-sponsored office trust pushed committed occupancy to a record 96.1% and leased 1.6 million square feet, more than a third of it at newly bought Chennai buildings.
- India
Brookfield India REIT Raises Payout 9% to INR 5.70 a Unit as NOI Jumps 51% on Ecoworld
The Brookfield-sponsored office trust lifted committed occupancy to 93% and leased 1.6 million square feet, half of it to global capability centers, while acquisitions drove most of the income growth.
