CBRE appoints Global Chief Economist

PropertyGuru.com.sg Richard Barkham (pictured) will join CBRE Group on 16 June as Global Chief Economist, the company announced today. The 16-year veteran of the real estate industry will be based in London and will report to CBRE’s Global Head of Research, Nick Axford. As CBRE’s Global Chief Economist, Dr. Barkham will work with CBRE’s senior
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CapitaLand buys stake in Chengdu sites

PropertyGuru.com.sg Property giant CapitaLand has purchased a 60 percent stake in two adjacent prime residential sites in Chengdu for RMB752 million (approx. S$155 million). The acquisition further strengthens its presence in China. The plan is to build around 4,600 apartments on the sites catering to first-time homebuyers and upgraders. Construction is expected to begin sometime
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CBRE names new CEO for Asia Pac

PropertyGuru.com.sg Property consultancy CBRE has a new head in the Asia Pacific. Daniel Queenan (pictured) has immediately assumed the responsibilities of Chief Executive Officer and will lead the operational management of the region. Previously, Queenan was CBRE’s Chief Operating Officer for Asia Pacific as of August 2013 where he worked closely with Robert Blain, CBRE’s
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Savills in the saddle for charity

PropertyGuru.com.sg Real estate agency Savills has raised more than US$15,000 for charity by taking part in a 500 kilometre cycle ride in Vietnam. Four Savills’ staff undertook the three-day bike ride from Thanh My to Dong Ha and then to Da Nang to raise funds for Vietnam’s first international specialist neonatal nurse training programme. Raymond
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Ascott Reit adds Infini Garden to Japan portfolio

PropertyGuru.com.sg Ascott Residence Trust (Ascott Reit) has acquired a rental housing property in Fukuoka, Japan from The Ascott Limited (Ascott) and ArcResidential Japan Investments for 6.3 billion yen (approx. S$78.4 million). In a statement, Ascott Reit said that on a pro forma basis, the accretive acquisition

Ascott Reit adds Infiniti Garden to Japan portfolio

PropertyGuru.com.sg Ascott Residence Trust (Ascott Reit) has acquired a rental housing property in Fukuoka, Japan from The Ascott Limited (Ascott) and ArcResidential Japan Investments for 6.3 billion yen (approx. S$78.4 million). In a statement, Ascott Reit said that on a pro forma basis, the accretive acquisition

JLL again No.1 in region

PropertyGuru.com.sg JLL remained the top real estate investment advisory firm in Asia Pacific during 2013, according to Real Capital Analytics (RCA). The consultancy also ranked number one in the office, industrial, hotel and retail sectors. Last year, JLL’s capital markets team advised on over US$21.5 billion of commercial property investment transactions in Asia Pacific, which
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CapitaLand sells remaining stake in Australand

PropertyGuru.com.sg Singapore-based CapitaLand has announced that it placed out its remaining 226.2 million stapled securities in Australand Property Group (Australand). This is about 39.1 percent of total issued stapled securities in a secondary placement exercise, which was executed at an average price of AU$3.75 each, a discount of 3.6 percent to the closing price of
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More money for real estate execs

PropertyGuru.com.sg Real estate executives in Asia are better paid than their European counterparts, according to a new survey. Asia-based respondents in the survey of corporate real estate professionals working for large corporations found that, on average, the Regional Head of Corporate Real Estate in Asia received 18 percent higher salaries than those in Europe. However,
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More Taiwanese on the lookout for Japan property

PropertyGuru.com.sg The weakening yen has boosted interest for Japan properties among Taiwanese investors, with transactions growing significantly over the past year. With economic policy changes also taking effect, real estate in Japan has become significantly more affordable. Amid all this, ECG Property, a wholly-owned subsidiary of ECG Group of Companies, has formed a partnership with
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