Mingtiandi research

CapitaLand Ascendas REIT Sells Kim Chuan Telecoms Complex for S$200.4m

CapitaLand Ascendas REIT agreed to sell Kim Chuan Telecommunications Complex, a 10-storey Singapore facility, for S$200.4 million to an unrelated third party, a 32% premium to its independent valuation.

Data CentersSingapore

Posted today·Published Jul 16, 2026Read

Mingtiandi

PDD Holdings Buys DBS Bank Tower, Shanghai, for RMB3.3bn

PDD Holdings (Pinduoduo/Temu) bought the 19-storey DBS Bank Tower in Shanghai's Lujiazui financial district from state developer Lujiazui Group for roughly RMB3.3 billion ($486m), the city's largest property deal so far this year.

OfficeAsia-Pacific

Posted today

Mingtiandi

Goodman Group Buys Out Soul Patts' A$2.65bn Stake in Sydney/Brisbane Industrial Portfolio

Goodman Group bought out Washington H. Soul Pattinson's stake in a 1.3 million sqm Sydney/Brisbane industrial portfolio for A$2.65 billion, including 25 stabilised logistics assets and a development pipeline at Oakdale and Rochdale.

Industrial & LogisticsSydneyBrisbane

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Leow Ban Leong-led JV with Westmont Buys Tanjong Pagar Hotel for S$273m

A joint venture majority-controlled by Leow Ban Leong with Canada's Westmont Hospitality Group as minority partner bought the 272-room Orchid Hotel in Tanjong Pagar, Singapore, for S$273 million (~US$211m), about S$1m per key.

HospitalitySingapore

Mingtiandi

CPPIB Commits $742M to India Data Centre Partnership with CtrlS

Canada Pension Plan Investment Board (CPPIB) agreed to invest up to INR 70 billion ($742 million) in Hyderabad-based CtrlS Datacenters -- INR 40 billion ($588 million) for an 8.2% direct equity stake, plus up to a further INR 30 billion ($441 million) committed to a new joint venture in which CPPIB will hold 48% (CtrlS 52%) to develop hyperscale data-centre campuses across India. CtrlS operates more than 250MW of IT capacity across Mumbai, Bangalore, Noida, Hyderabad, Kolkata and Chennai, plus edge sites in Lucknow and Patna; the Competition Commission of India cleared the acquisition.

Data Centers

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Keppel Sells i12 Katong Mall, Singapore, to Altallo Asset Management for S$372m

Keppel agreed to sell the five-storey i12 Katong mall in Singapore, 96% occupied, to Altallo Asset Management (backed by Indonesian investor Andre Tanoto) for S$372 million (US$292m).

RetailSingapore

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Gaw Capital Sells Florentia Village Chengdu Outlet Mall to Vipshop-CPIC-MetLife Consortium for RMB1.56bn ($220m)

Gaw Capital sold Florentia Village Chengdu, a 75,000 sqm outlet mall, into a newly formed pre-REIT fund led by Vipshop (41.88%), CPIC (32.15%) and MetLife China (15.82%) for RMB1.56 billion (~$220 million); Gaw retains a co-GP role in the new fund.

Retailchengdu

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Jardine Matheson's Astra Property Buys 83.67% of Indonesian Warehouse Owner MMP for $202m

Astra Property acquired an 83.67% stake in Mega Manunggal Property (MMP), owner of 13 large-format warehouses across Java (546,000 sqm NLA) plus Greater Jakarta/Surabaya development land, for IDR3.35 trillion (~$202 million), with a mandatory tender offer to follow for the remaining shares.

Industrial & LogisticsJakarta

Mingtiandi

Brookfield India REIT Buys Ecoworld Bengaluru Business Park From Brookfield Affiliate for ₹13,125cr ($1.5bn)

Brookfield India REIT acquired Ecoworld, a 7.7 million sq ft Grade-A office campus on Bengaluru's Outer Ring Road, from a related Brookfield entity for ~₹13,125 crore ($1.5 billion) -- India's largest-ever single office real estate transaction, expanding BIRET's portfolio by over 30%. Reported late November 2025; exact day not confirmed.

Officebangalore