Real Estate Development & Operations

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Chong Hong Construction Co Ltd to sign contract with subsidiary

Wednesday, 30 Jul 2014 02:27am EDT

Chong Hong Construction Co Ltd:To sign a construction contract in Taipei with subsidiary Hong-Lin Construction Co., Ltd.Contract amount up to T$222 million.

Gladstone Land Corp announces farm acquisition in Arvin, California and lease agreement

Monday, 28 Jul 2014 09:00am EDT

Gladstone Land Corp:Acquired 322 acres of vegetable farmland in Arvin, California, for $5.8 mln.Upon acquisition, company assumed in-place lease on property, which expires in Oct. 2015.Also entered into nine-year, follow-on lease agreement with new tenant, Underwood Ranches, exclusive grower of red jalapeno peppers for Sriracha hot sauce.Follow-on lease commences in Nov. 2015 and provides for annual rent escalations.

Global Logistic Properties Ltd extends partnership with BMW Brilliance Automotive In China

Thursday, 24 Jul 2014 05:07am EDT

Global Logistic Properties Ltd:Signs new agreement with BMW Brilliance Automotive Ltd. (the customer) to lease 19,000 sqm (205,000 sq ft) in Greater Guangzhou-Foshan, Southern China.BMW Brilliance Automotive had previously utilized the facility to distribute auto parts through third party logistics provider to meet increasing demand for auto parts from its authorized dealers in Southern China.The customer has now chosen to sign a larger, direct leasing agreement with GLP to facilitate their business expansion in China.BMW Brilliance Automotive Ltd. is a joint venture between BMW and Brilliance Auto which focuses on the production, distribution and sale of BMW passenger cars in mainland China.GLP is currently developing a build-to-suit facility for BMW Brilliance Automotive at GLP Park Lingang in Shanghai which will become carmaker’s largest distribution center in Asia when it is completed.

Global Logistic Properties Ltd leases 15,000 sqm (161,000 sq ft) to multi-channel retailer in China

Tuesday, 22 Jul 2014 05:06am EDT

Global Logistic Properties Ltd:Says it has signed a new lease agreement totaling 15,000 square meters (161,000 square feet with a multi-channel retailer in China.Says the customer will use the facility to meet increasing demand for products sold through their leading e-commerce and TV shopping platforms in Midwestern China.

Advanced Oncotherapy Plc signs new contract

Tuesday, 22 Jul 2014 02:00am EDT

Advanced Oncotherapy Plc:Enters into collaboration with industry ScandiNova Systems AB (ScandiNova).ScandiNova will develop the high energy systems that will power unit of proprietary LIGHT system which will create the proton beam.

Finbar Group Ltd JV selected as preferred tenderer to acquire and develop Civic Triangle site in South Perth

Monday, 21 Jul 2014 06:00pm EDT

Finbar Group Ltd:Says that a Finbar led consortium has been selected by the City of South Perth as the preferred tenderer and has made an offer to acquire and develop the iconic Civic Triangle site in South Perth.The Civic Triangle site is a 7,206 square metre site currently owned by the City of South Perth (City) comprising eight separate lots bounded by Mends Street, Labouchere Road, and Mill Point Road, excluding the Post Office land.Says the tendered purchase price of the land is $27,310,000.

Tianjin Hi-Tech Development signs business contract with HAWTAI Motor Group

Friday, 11 Jul 2014 08:00pm EDT

Tianjin Hi-Tech Development Co Ltd:Signed a business contract with HAWTAI Motor Group, to provide three buildings.The land area is 46055.85 square meters.Transaction price of 303,968,610.00 yuan.

CapitaLand Limited's Ascott bolsters presence in Saudi Arabia with two more properties in Jeddah

Monday, 7 Jul 2014 08:58pm EDT

CapitaLand Limited:CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has deepened presence in Saudi Arabia as it secured agreements to manage two more serviced residences in vibrant port city of Jeddah.Says 51-unit Citadines Sari Jeddah is slated to open in 2015 while 135-unit Somerset Corniche Jeddah, first Somerset-branded serviced residence in Saudi Arabia, will open in 2016.In Gulf Cooperation Council (GCC), Ascott’s portfolio will increase to more than 1,700 apartment units across 11 properties in Bahrain, Qatar, Oman, Saudi Arabia and the United Arab Emirates.In GCC, Ascott is also scheduled to open Ascott Olaya Riyadh, as well as first properties in Oman, Somerset Panorama Muscat and Sohar Garden Residences, in 2015.Ascott currently manages Ascott Park Place Dubai, Ascott Doha, Somerset West Bay Doha and Somerset Al Fateh Bahrain.

Global Logistic Properties leases 27,000 sqm (291,000 sq ft) to best logistics in china

Wednesday, 2 Jul 2014 05:08am EDT

Global Logistic Properties Ltd:Signs a new agreement with Best Logistics, to lease 27,000 square meters (sqm) (291,000 square feet (sq ft)) in Mid-western China.Best Logistics will use the facility to serve customers from consumer goods and e-commerce industries. Best Logistics is a strategic partner and one of GLP’s largest customers in China by leased area.

Fabege AB signs 20-year lease with SEB

Friday, 27 Jun 2014 01:30am EDT

Fabege AB:Says it has signed a 20-year lease with SEB for premises at Arenastaden, Solna.SEB will gather together portions of its operations in Stockholm and create 4,500 workplaces in new office buildings adjacent to the Mall of Scandinavia.The annual rental value is 157 mln Swedish crowns, excluding supplements.

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