JLL has promoted Julien Naouri to lead its hotel investment sales across Asia. Based in Singapore, Naouri starts his new role on 1 April 2026. He will manage the firm's sales strategy and operations throughout the region. With nearly twenty years of experience, he aims to help clients navigate a busy market as JLL forecasts hotel investment volumes to reach $13.3 billion this year.
Frasers Property has named Tony Lombardo as its incoming Group Chief Operating Officer. Starting in October 2026, the former Lendlease chief will oversee investment strategy and capital deployment from Singapore. The appointment aims to streamline operations across international markets including the UK and Australia. Mr Lombardo brings three decades of experience to the role and will work closely with the Group CEO to drive long term value.
PGIM Real Estate and Northstar Capital have acquired 51 Tuas View Link in Singapore for a major logistics redevelopment. The partnership will replace existing warehouses with a 1.1 million square foot, five-storey facility designed for sustainability. Located near the Tuas Mega Port, the project targets the city's supply-constrained industrial market. This investment follows PGIM’s US$3 billion transaction year in 2025 and focuses on creating long-term value through modern, ramp-up infrastructure.
CapitaLand Investment Limited (CLI) has unveiled a multi-million-pound expansion of its logistics arm, acquiring a minority stake in smart infrastructure specialist Ally Logistic Property (ALP). The move coincides with the announcement of OMEGA 1 Singapore, a S$260 million automated facility set for the Jurong Industrial Estate. As the Asia Pacific logistics market prepares for a projected 15.2 per cent annual growth through 2030, CLI is positioning itself to meet rising demand driven by e-commerce and shifting supply chains.
Toll Group has launched Singapore’s first decarbonisation hub dedicated to electric supply vessels, a 12-month proof-of-concept developed with Yinson GreenTech. The hub integrates electric marine transport, smart warehousing, and efficient trucking into one digitally connected operation.
ESR-REIT Management (S) Limited has agreed to divest a portfolio of eight non-core Singapore industrial properties for S$338.1 million. The sale represents a 2.0% premium to the independent valuation. The transaction is a key part of the REIT’s Portfolio Rejuvenation and Capital Recycling strategies.
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