07 Aug 2025

CapitaLand Integrated Commercial Trust (CICT) will acquire full ownership of the office and retail portions of CapitaSpring in Singapore's Raffles Place, buying out CapitaLand Development's 45% and Mitsubishi Estate's 10% stakes. Valued at SGD 482.3 million, the deal totals around SGD 1.05 billion and will be funded through a SGD 500 million private placement. With this move, CICT's Singapore exposure rises to 95%, and distribution per unit is expected to increase by 1.1% (pro forma). CapitaSpring-a 51-storey tower with premium offices and retail-boasts high occupancy, particularly from banking, legal, and tech tenants. The acquisition supports CICT's strategy to grow via high-quality, local assets.Read more

07 Aug 2025

HNI Corporation has announced plans to acquire office furniture firm Steelcase in a cash-and-stock transaction valued at approximately USD 2.2 billion. The deal, unveiled earlier this week, will result in the formation of a combined entity expected to generate annual revenue of around USD 5.8 billion. Steelcase shareholders will receive USD 7.20 per share in cash and 0.2192 shares of HNI common stock for each Steelcase share. The transaction reflects a premium of nearly 80 per cent over Steelcase's prior closing price.Read more

05 Aug 2025

Australia's residential property market continued its upward trajectory, recording new national price peaks despite a visible deceleration in growth. Limited housing supply and steady auction activity have sustained the upward pressure on prices. Major cities including Darwin, Perth and Sydney witnessed notable gains, although the pace was more tempered compared to earlier trends. Analysts suggested that improved consumer sentiment, coupled with expectations of interest rate cuts, may help maintain modest price increases in the months ahead.Read more

04 Aug 2025

GHV Infra Projects has secured an engineering, procurement, and construction contract from Rana Exim FZ-LLC in the United Arab Emirates for the development of a smart manufacturing hub. Valued at approximately INR 2,645 crore, the project is located in Ras Al Khaimah Economic Zone and will comprise industrial and commercial infrastructure. The estimated completion timeline is 24 months, excluding an initial 90-day setup period. With this addition, the company's total order book now exceeds INR 7,000 crore.Read more

04 Aug 2025

CoStar Group has filed a lawsuit against Zillow, accusing the real estate platform of unauthorized use of nearly 47,000 copyrighted property images to bolster its rental listings business. These images, many of which carried watermarks, were reportedly published on Zillow's platform and syndicated to sites like Realtor.com and Redfin. CoStar is seeking over USD 1 billion in compensatory and punitive damages, alleging the infringement was both extensive and intentional. The company also warned it may take similar legal action against Zillow's syndication partners unless the disputed content is promptly removed.Read more

02 Aug 2025

McDonald's has put eight high-street retail properties in Hong Kong up for sale for about HKD 1.2 billion (USD 153 million), while continuing to operate from these locations under long-term lease agreements. The sale, managed by JLL, includes sites in key shopping districts like Causeway Bay, Tsim Sha Tsui, and Mong Kok. The company plans to sell a total of 23 properties in phases. Investor interest has already been high. The move aligns with McDonald's broader portfolio strategy and comes amid a retail slowdown in the city.Read more

01 Aug 2025

Aldar Properties has reported a sharp rise in quarterly net profit, driven by strong property sales-especially from Chinese investors-across its Abu Dhabi residential and commercial portfolio. The development division led growth, supported by new launches and successful sales efforts, while revenue from investment properties also rose due to higher occupancy and rental rates. Executives noted increased international interest, particularly in premium and waterfront projects. Strong operational execution, including on-time delivery and cost controls, further boosted performance. Aldar is also expanding into new geographies and asset classes through acquisitions and joint ventures, aiming to grow recurring income and enhance long-term stability.Read more

01 Aug 2025

Portugal's housing market has maintained strong buyer interest for six consecutive months, with prices continuing to rise, as per the RICS and Confidencial Imobiliário Housing Market Survey. The premium segment, particularly in the Algarve, is witnessing brisk sales. The Residences Vale do Lobo, a newly launched luxury project within the prestigious Vale do Lobo resort, has already approached the halfway mark in sales just weeks after its release. Domestic and international investors alike are drawn to the blend of lifestyle and investment potential on offer.Read more

31 Jul 2025

Hongkong Land reported a net profit of USD 297 million in H1 2024, reversing its prior-year loss due to reduced valuation losses on investment properties. Despite ongoing high vacancy rates in Hong Kong's office market, the company's Central portfolio remains nearly fully occupied. Underlying profit held steady at USD 384 million, and an interim dividend of 6.5 US cents per share was maintained. The company saw stable performance from development projects in mainland China, Singapore, and Indonesia, supported by resilient demand. With moderate gearing and strong liquidity, Hongkong Land expressed cautious optimism, highlighting disciplined capital management and confidence in long-term recovery.Read more

30 Jul 2025

A recent CBRE analysis has indicated that rising economic rents across key Asia Pacific markets have made office leasing increasingly expensive for occupiers, prompting many corporates to reassess the economics of building their own premises versus continuing to lease. While the 'build' option had long appeared capital-intensive, recent rent escalations in prime markets such as Mumbai, Ho Chi Minh City, and Manila have tipped the scale in favour of ownership for some. This shift is reshaping long-term real estate strategy discussions among occupiers with substantial space requirements.Read more