bullish
Asia Real Estate Tracker (28-Jan-2025): SC Capital buys Fukuoka Hilton from Mizuho for $420M
SUMMARY
- SC Capital purchased the Fukuoka Hilton in Japan from Mizuho Leasing for $420M in a significant Hotel REIT transaction.
- GIC has divested its stake in a London office project to Modon, a move that indicates strategic restructuring for the company.
- Despite a rise in revenue, CapitaLand Ascott Trust's 2H 2024 payout decreased by 7%, reflecting potential challenges in the market.
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