CapitaLand Investment CEO Lee Chee Koon
Temasek-backed CapitaLand Investment and Mapletree Investments’ stalled merger talks lead today’s roundup, as valuation concerns halt discussions between Singapore’s two largest REIT sponsors. Also making headlines are Starwood Capital’s new Jeonju office in South Korea and Mapletree Industrial Trust’s 4.9 percent drop in first-quarter distribution.
CapitaLand, Mapletree Merger Talks Stall Over Valuation
Temasek-backed CapitaLand Investment and Mapletree Investments have stalled talks on a potential merger amid valuation concerns, according to people familiar with the matter. The two Singapore property asset managers had accelerated discussions after months of on-and-off negotiations dating back years.
Temasek owns 54 percent of CapitaLand Investment, valued at $9.6 billion, while it wholly owns Mapletree, valued at S$18.5 billion ($14.3 billion). Disagreements also touched leadership of the merged entity and weak performance in some units. Read more>>
Starwood Capital Opens Second Korea Office in Jeonju
Starwood Capital Group has opened a new office in Jeonju, the capital of South Korea’s Jeollabuk-do province, marking its second location in the country after Seoul’s Magok One Grove district last year, the National Pension Service said.
Excluding its US headquarters, Jeonju makes Korea the only country where Starwood operates two offices. The firm has managed overseas real estate alternative investments for NPS since 2012. Read more>>
Mapletree Industrial Trust Posts $126M in Revenue, DPU Down 4.9%
Mapletree Industrial Trust’s distribution per unit fell 4.9 percent to S$0.0311 for the three months to the end of June, from S$0.0327 a year earlier, as revenue dropped 7.7 percent to S$162.3 million ($125.6 million), the manager said in a bourse filing.
The trust plans targeted divestments of S$500 million to S$600 million in North America to redeploy capital, with CEO Lily Ler citing a portfolio rejuvenation strategy amid North American lease non-renewals. Read more>>
Singapore Central Office Rents Rise 0.8% in Q2, Islandwide Vacancy Climbs
Singapore’s central region office rentals rose 0.8 percent quarter on quarter in the second quarter of 2026, reversing a 0.2 percent drop in the first quarter, according to Urban Redevelopment Authority data released Friday.
Islandwide vacancy climbed to 11 percent from 10.8 percent, while occupied space grew by 8,000 square metres (86,100 square feet), slower than the previous quarter’s 26,000 square metre gain. Read more>>
La Caisse Commits $209M to Australian Horticulture With Go.Farm
Canada’s La Caisse has agreed to commit A$300 million ($209.2 million) in equity through a platform managed by Australian agricultural manager Go.Farm, with Go.Farm adding a further A$30 million, the firms said.
La Caisse will also take a minority stake in Go.Farm, which manages A$1.6 billion in assets and was founded in 2013 by Liam Lenaghan. Read more>>
Koramco The One REIT to Liquidate After $554M Tower Sale
South Korea’s Koramco The One REIT will liquidate after selling its Hana Securities headquarters tower in Seoul for KRW 811.2 billion ($554.1 million), the REIT’s manager Koramco REITs Management and Trust said, citing weak prospects for reinvestment.
Hana Securities exercised its right of first refusal to acquire the tower, with Koramco realising a capital gain of KRW 318 billion versus its 2020 purchase price. The manager plans a special dividend before an extraordinary shareholders meeting in November and full liquidation by January. Read more>>
Mitsubishi Estate Logistics REIT Buys $19M Osaka Warehouse
Mitsubishi Estate Logistics REIT has agreed to acquire MJ Logipark Daito 1, a logistics facility in Daito, near Osaka, for JPY 3.1 billion ($19 million), below its JPY 4 billion appraisal value, the trust said.
The four-storey warehouse spans 11,550 square metres (124,305 square feet), is fully leased to sole tenant Lonco Japan and sits within 10 kilometres (6.2 miles) of Osaka’s Umeda station. Read more>>
Singapore Central Region Retail Rents Rise 0.6% in Q2
Singapore’s central region retail rents rose 0.6 percent quarter on quarter in the second quarter of 2026, reversing a 0.6 percent decline in the prior quarter, Urban Redevelopment Authority data released Friday showed.
Islandwide vacancy edged up to 6.5 percent from 6.3 percent as occupied retail space fell by 37,000 square metres (398,300 square feet), against a 6,000 square metre gain the previous quarter. Read more>>
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