CHINA > Invesco buys a majority stake in e-Shang Redwood (ESR) for RMB 2bn ($305.1 million)

invesco logo Forming a joint venture with the pan- Asian logistics developer, Invesco has bought a majority stake in Chinese logistic portfolio firm e- Shang Redwood(ESR) for RMB 2bn ($305.1 million). According to the two companies, the joint venture was designed for acquisition and ongoing asset management of the portfolio that consists of grade-A stabilized logistics real estate assets in China. According More …

USA > Australia based Westfield Corporation has teamed up with Greystar to construct an apartment complex in San Diego, California

Westfield logo photoshop The team of Westfield Corporation, headquartered in Sydney, and Greystar, headquartered in South Carolina have embarked to develop and manage a 300 apartment tower in San Diego, California. The project is to be estimated to be completed by 2019 and is worth to be approximately $200 million. This venture is Westfield’s first venture into residential development which will be followed More …

INDIA > Singapore’s Ascendas-Singbridge Buys 16 Acre Land in Pune Kharadi Locality for Rs 200 Crore (US $31.4 million)

ascendas-singbridge Singapore based, Ascendas- Singbridge Group, jointly owned by Temasek Holdings and JTC Corporation (51:49) is planning to build an IT SEZ (Special Economic Zone) park. It has therefore bought a 16 acre land parcel that has a potential of over 3 million square feet commercial space for Rs 200 crore. Ascendas-Singbridge Group has two more IT park in Pune namely: More …

ARGENTINA > WeWork to expand into South American with its first office in Buenos Aires, Argentina

WeWork_logo US based workspace provider – WeWork – is launching its first South American office in Buenos Aires, Argentina according to the company’s news. To be located in Bellini Tower, the shared office space is targeted to be up and running by middle of this year (2017). According to Nearshore Americas, WeWork invested 250 million pesos (approximately US$15 million) for the new office More …

EGYPT > IFC to Inject $20 Million in Hassan Allam Holding

international_finance_corporation_logo International Finance Corporation (IFC) plans to invest $20 MN for equity in Egyptian private construction company, Hassan Allam Holding. The investment will help Hassan Allam Holding to expand its equipment fleet and other construction related facilities as well as take partial ownership stakes in several long-term infrastructure projects in Egypt. It has history of construction of large-scale infrastructure projects such as power More …

CANADA > Square Yards expands to North America with New Offices in Toronto and Vancouver

squareyards India based real estate transaction platform, Square Yards has opened new offices in Toronto and Vancouver in Canada. With the addition of these two cities, Square Yard is now in 12 international cities including the likes of London, Dubai, Sydney, Abu Dhabi, Singapore, Doha, Hong Kong, Muscat and Sharjah. “Using Canada as focal point, Square Yards aims to delve deep into North More …

INDONESIA > Property Developers Wing Tai Asia and Pontiac Group Expand Into Indonesia

jakarta Though an Indonesian subsidiary – Brewin Mesa Sutera (BMS) – Wing Tai Asia and Pontiac Land Group together enters Indonesia by building an apartment project worth Rp 1.3 trillion (US $100 million) in South Tangerang, Banten. The project “The Lana” will comprise of two apartment towers with 496 apartment units on 85,000 square meters in Alam Sutera,  which is located in West Jakarta and More …