Tokyu Livable partners OrangeTee as an anchor investor

PropertyGuru.com.sg Tokyu Livable, one of Japan’s largest real estate services firms, has acquired 22.5 percent shares in OrangeTee. The new partnership will enable OrangeTee and Tokyu Livable to tap on each other’s network of investors, expertise and in-depth knowledge of the real estate markets in the region for cross-border opportunities across Asia. It will also
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Colliers appoints Paul Baxter as CEO for Asia

PropertyGuru.com.sg Colliers International will welcome Paul Baxter (pictured) as its Chief Operating Officer (CEO), Asia as of 2 June 2014. With more than 15 years in the real estate industry, Baxter will focus on operations and strategic initiatives to execute on Colliers’ growth plans for Asia. As the CEO, Baxter will lead all shared services
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Thakral to invest up to A$46.2 mil in Brisbane property project

PropertyGuru.com.sg Singapore-listed Thakral Corporation has inked an agreement with a private Australian developer to be the capital partner for a new mixed-use development in Brisbane, Australia. The move will see Thakral invest up to A$46.2 million for the iconic project, which will be launched for sale in the middle of next month. Located in Fortitude
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Singapore, China properties fuel KSH’s growth

PropertyGuru.com.sg KSH Holdings Limited’s net profit rose 22.8 percent to a record high of $44.5 million for FY 2014, a 22.8 percent increase from $36.3 million a year before. The Group’s revenue jumped 40.1 percent to $324.5 million from $231.6 million in FY 2013, lifted by higher construction revenue and sales of development properties in
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Mapletree to further expand beyond Asia

PropertyGuru.com.sg Mapletree Investments delivered a net profit of $859.4 million for the financial year ended 31 March 2014 (FY13/14). This is a 7.8 percent fall from a year ago, mainly due to a lack of disposal gains compared to last year. Total revenue for FY13/14 was $548.6 million, compared to $686.3 million in FY12/13. The
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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