Gaw Capital Partners has established a new joint venture with mainland data centre developer and operator Centrin Data … Read More>>
Featured Stories
GIC Buys 50% Stake in Beijing Office Building for RMB 3.03B
Singapore's GIC is buying out its partner's half-stake in a Beijing office building for around RMB 3.03 billion ($433 … Read More>>
Sponsored Features
Duo Tower Deal in Singapore Part of Growing Trend Toward JV Acquisitions in APAC
Real estate investors in Asia Pacific are looking to joint ventures in a bid to diversify risk in an increasingly … Read More>>
Building A Value-Add Strategy for Shanghai
Just over one year after forming a joint venture with GIC to acquire and manage value-add commercial real estate assets … Read More>>
Branded Videos
Breaking News
Phoenix Reaches $1.15B Final Close on Sixth Opportunistic Fund
Phoenix Property Investors has closed its latest opportunistic real estate fund at $1.15 billion, surpassing its hard cap by $250 million.
Phoenix Asia Real Estate Investment VI – the private equity company’s sixth pan-Asian investment vehicle – closed in September,… Read More>>
Asia Real Estate People in the News 2019-11-11
In this week’s edition of Mingtiandi’s People in the News, Weave Co-Living hires a former JLL capital markets exec to drive the shared housing company’s expansion in Asia Pacific, less than a month after purchasing its fourth property in Hong… Read More>>
SPH REIT Buys Half Stake in Aussie Mall From Lendlease for A$670M
A REIT sponsored by media conglomerate Singapore Press Holdings has agreed to buy a half stake in one of the largest shopping malls in Australia for A$670 million ($461 million), continuing a wave of real estate investments Down Under by… Read More>>
ESR Establishes A$350M Australia Logistics JV with China Merchants
Warburg Pincus-backed ESR has established a A$350 million ($240 million) mandate with China Merchants Capital, according to an announcement by the company, as the newly listed logistics specialist enlists a new partner and takes in cash to fund future developments.
Gaw Capital Sets Up Mainland Data Centre JV to Launch New Fund
Gaw Capital Partners has established a new joint venture with mainland data centre developer and operator Centrin Data to acquire, develop and operate hyperscale facilities in China, according to an announcement by the Hong Kong-based investment management firm on Friday.
GIC Buys 50% Stake in Beijing Office Building for RMB 3.03B
Singapore’s GIC is buying out its partner’s half-stake in a Beijing office building for around RMB 3.03 billion ($433 million), as the sovereign wealth fund bets on the capital’s emerging business district.
GIC is purchasing the 50 percent stake in… Read More>>
UK’s Merlin to Build £500M Legoland Park in Shanghai
Madam Tussauds owner Merlin Entertainments plans to open a Legoland resort in Shanghai to cash in on the rising family tourism market in China, according to a statement this week by the company, which is in the process of… Read More>>
Macron Cancels $3.3B Wanda Project in France and More Asia Real Estate Headlines
The travails of a developer who was once Asia’s richest man lead the way in today’s list of real estate news from around the region, as the president of France announces the end of a Paris project backed by Wang… Read More>>
Real Estate Finance
Phoenix Reaches $1.15B Final Close on Sixth Opportunistic Fund
Phoenix Property Investors has closed its latest opportunistic real estate fund at $1.15 billion, surpassing its hard cap by $250 million. Phoenix … Read More>>
Gaw Capital Sets Up Mainland Data Centre JV to Launch New Fund
Gaw Capital Partners has established a new joint venture with mainland data centre developer and operator Centrin Data to acquire, develop and operate … Read More>>
GIC Buys 50% Stake in Beijing Office Building for RMB 3.03B
Singapore's GIC is buying out its partner's half-stake in a Beijing office building for around RMB 3.03 billion ($433 million), as the sovereign … Read More>>
Shanghai
UK’s Merlin to Build £500M Legoland Park in Shanghai
Madam Tussauds owner Merlin Entertainments plans to open a Legoland resort in Shanghai to cash in on the rising family … Read More>>
Shui On Land Wins Pair of Shanghai Sites for Combined RMB 5.74B
Hong Kong-listed Shui On Land agreed to pay a combined RMB 5.74 billion ($820 million) for a pair of Shanghai … Read More>>
Soho China Said Flogging RMB 61B in Beijing, Shanghai Projects
Soho China is said to be looking to sell a RMB 61 billion ($8.6 billion) portfolio of commercial properties in Beijing … Read More>>
Singapore
Yanlord Land Offers to Buy Out United Engineers in S$1.7B Deal
Shanghai-based Yanlord Land Group is making a mandatory cash offer for United Engineers Limited in a deal that values … Read More>>
Temasek Bids for Controlling Stake in Keppel Group in S$4.1B Deal
Singapore’s Temasek Holdings has made a bid to take a controlling stake in Keppel Corp through an offer that values the … Read More>>
Singapore’s GIC Buys Paris Office Tower for Reported €530M
Singapore’s sovereign wealth fund has made a fresh shopping trip to Paris, picking up yet another commercial tower in … Read More>>
Projects
UK’s Merlin to Build £500M Legoland Park in Shanghai
Madam Tussauds owner Merlin Entertainments plans to open a Legoland resort in Shanghai to cash in on the rising family tourism market in China, … Read More>>
New World Aims for Residential Redevelopment with HK$458M Kowloon Tong Buy
New World Development has acquired a set of flats in an upscale neighbourhood of Hong Kong for a combined HK$458 million ($58 million), as the … Read More>>
Swire Properties Said Launching Xi’an Commercial Project
Hong Kong developer Swire Properties is bringing its Taikoo Li network of commercial projects to the western China city of Xi'an, according to local … Read More>>
Retail
JD.Com Hypes 50% Discounts on Home Sales for China’s Singles Day
The real estate unit of mainland e-commerce giant JD.com says it is teaming up with more than 200 Chinese property developers to offer homes at half … Read More>>
SC Capital Partners Acquires Aussie Retail Portfolio for A$175M
SC Capital Partners has teamed up with Australia-based Fortius Funds Management to buy three shopping centres in Sydney for A$174.5 million ($118 … Read More>>
Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million … Read More>>
Asia Outbound
SPH REIT Buys Half Stake in Aussie Mall From Lendlease for A$670M
A REIT sponsored by media conglomerate Singapore Press Holdings has agreed to buy a half stake in one of the largest shopping malls in Australia for … Read More>>
ARA US Hospitality Trust Buys Trio of Texas, North Carolina Hotels for $84.5M
ARA US Hospitality Trust has agreed to acquire a 390-key trio of select-service hotels in the US for $84.5 million, just six months after the trust … Read More>>
China’s Huazhu Hotels Buys German Hospitality Group for $802M
In a sign of how life may be changing for global plutocrats, the next World Economic Forum in Davos may be held at a Chinese budget hotel. Or at least … Read More>>
Hong Kong
WeWork Said Looking for Exit From Half-Dozen Hong Kong Centres
WeWork has backed out of an agreement to occupy space in Hong Kong’s Hopewell Centre even before it got a chance to move … Read More>>
New World Aims for Residential Redevelopment with HK$458M Kowloon Tong Buy
New World Development has acquired a set of flats in an upscale neighbourhood of Hong Kong for a combined HK$458 million … Read More>>
Kerry Picks Up 26% of Hong Kong Co-Working Hub for HK$500M
Kerry Properties, a Hong Kong-listed developer controlled by Shangri-La Hotels founder Robert Kuok, has acquired 26 … Read More>>
Co-Working & Flexible Office
Soho China Said to Sell 11 Co-Working Centres in Shanghai and Beijing
Soho 3Q, the loss-making flexible office unit of developer Soho China, is reported to have sold a portfolio of 11 … Read More>>
Ucommune Said to File for US IPO in Wake of WeWork Debacle
Mainland co-working operator Ucommune is said to have filed for an initial public offering with the US securities … Read More>>
Softbank Bails Out WeWork, Neumann at $7B Valuation
WeWork has proven to be a game-changing business – at least for deposed CEO Adam Neumann. Under the terms of a … Read More>>
Research & Policy
Hong Kong’s Carrie Lam Turns to Housing Amid Political Turmoil
Hong Kong’s embattled chief executive Carrie Lam announced a raft of measures to help low-income households and the middle classes buy their own homes … Read More>>
Hong Kong Retail Sector Faces Harshest Conditions Since SARS: Savills
Hong Kong’s retail sales declined more sharply in August than during the 2003 SARS outbreak, according to a report released this week, as the city's … Read More>>
Office Rents in Hong Kong’s Central Fall 3.2% in Q3 – Biggest Drop in 7 Years
Grade A office rents in Hong Kong’s traditional business district experienced their largest quarterly drop in seven years according to a newly … Read More>>
Design & Construction
CITIC’s China Zun Opens as Beijing’s Tallest Building
Chinese financial conglomerate CITIC Group has inaugurated Beijing’s tallest skyscraper, formally known as the CITIC Tower, eight years after breaking … Read More>>
KPF Plans to Bridge Hangzhou’s West Lake, Grand Canal with RMB 19B Hang Lung Project
Hong Kong-based developer Hang Lung Properties has teamed up with New York-based architecture firm Kohn Pedersen Fox (KPF) Associates to begin … Read More>>
Shimao Picks AS+GG as Architects for China’s Tallest Building
Developer Shimao Property Holdings has chosen a designer for its planned 700 metre (2,296 foot) tall tower in Shenzhen’s Longgang district, with … Read More>>
