Ascendas-FirstSpace Buys Pair of Chennai Assets and More Asia Real Estate Headlines - Mingtiandi
5 Dec 2018 5:31 AM GMT
Logistics real estate joint venture Ascendas-FirstSpace has acquired two industrial properties in Chennai for a reported $130 million.
- At the top of today’s real estate news from around the region, Singaporean developer Ascendas-Singbridge is stepping up its commitment to India’s industrial market with a pair of acquisitions by its India logistics joint venture, while in mainland China, the country’s biggest home-builders are counting their sales from a disappointing November.
- Singapore-based Ascendas-Singbridge Group, through its logistics and warehousing joint venture with Firstspace Realty, has acquired two assets in Chennai amid a boom in India’s industrial real estate.
- Two of China’s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession grows larger.
- Property tycoon Gordon Wu Ying-sheung plans to take his flagship Hopewell Holdings company private, according to media reports, in a buyout that could cost as much as HK$20 billion (US$2.56 billion).
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