LONDON: ING Group may need to break up its world-leading real estate investment management unit to conclude a timely sale, as its bankers begin flushing out prospective buyers, sources close to the deal said.

KUALA LUMPUR: A yield war has ensued with both of the newest Real Estate Investment Trust (REITs) in town raising their yields to attract investors.

KUALA LUMPUR: Sunway Real Estate Investment Trust (SunREIT), Southeast Asia's largest initial public offering (IPO) this year, opened on Bursa Malaysia on Thursday, July 8 at 89 sen per unit with 4.8 million units traded.

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is taking over from Dubai World, an investment arm of the Dubai government, a joint-venture agreement with UEM Land Bhd to undertake the RM2.3 billion Residential North high-end mixed development in Puteri Harbour in the Iskandar Development Region, Johor.

Making its Way to Nusajaya

THE BUZZ

SHANGHAI: Overall rents of well-located retail projects in Shanghai, China are expected to edge up in 2H2010 led by the continued growth of rentals in prime retail areas, said Colliers International in its Shanghai Knowledge Report on the Retail Property Market for the first half of 2010 (1H2010).

KUALA LUMPUR: Bandar Raya Developments Berhad (BRDB) announced that it is acquiring a 60% stake in Haute Property Sdn Bhd in a move to leverage BDRB's property development expertise to participate in the growth of the Iskandar Development Region.

SHANGHAI: The capital value growth of Shanghai’s Grade A offices continued to outpace rental rate growth in 2Q 2010 as the market sees evidence of further yield compression, according to Colliers International.

KUALA LUMPUR: Cluttons LLP, a UK-based international property consultancy and chartered surveying firm, has signed an association agreement with VPC Asia Pacific Ltd.