India’s first real estate investment trust – the Blackstone-sponsored Embassy Office Parks REIT – kicked off its IPO on … Read More>>
Featured Stories
GLP Partners with CPPIB, IndoSpace to Enter India Logistics Market
Singapore’s GLP jointly announced a long-term partnership with India’s largest industrial real estate company, … Read More>>
Sponsored Features
Foreign Investors to Fill Funding Gap in Chinese Real Estate
Tough credit conditions in China’s real estate market are giving foreign investors the upper hand, a favourable … Read More>>
How to Build 970 Homes Above a Hong Kong MTR Station
Hong Kong’s Mass Transit Railway system has nearly doubled in capacity over the last twenty years, helping to make … Read More>>
Breaking News
Blackstone Kicks Off $722M IPO for India’s First REIT
India’s first real estate investment trust – the Blackstone-sponsored Embassy Office Parks REIT – kicked off its IPO on Monday with the manager filing draft documents with the regulator.
The country’s maiden REIT will debut some four years after the… Read More>>
Keppel-KBS US REIT Buys Seattle Business Campus for $169M
Keppel-KBS US REIT on Monday announced that has agreed to buy a 21 building business park in Washington state, picking up the commercial assets some 15 minutes’ drive from Microsoft’s home office in Seattle for $175.7 million including fees of… Read More>>
China’s Guangdong Province Mulls Ban on Condo Pre-Sales in Latest Blow to Developers
Guangdong province is calling for the cancellation of a decades-long property pre-sale system that has played a primary role in supporting China’s real estate developers.
The provincial branch of China’s Ministry of Housing and Urban-Rural Development (MOHURD) last week issued… Read More>>
Shu Qi Sells $2.2B Hong Kong Home at a Loss and More Asia Real Estate Headlines
Movie star Shu Qi is a familiar face representing products from shampoo to long underwear in China, now the actress may become a symbol of Hong Kong’s sliding housing market as news of her loss-making home sale leads today’s headline… Read More>>
GLP Partners with CPPIB, IndoSpace to Enter India Logistics Market
Singapore’s GLP jointly announced a long-term partnership with India’s largest industrial real estate company, IndoSpace, on Monday, September 24th.
GLP will partner with IndoSpace across fund management as well as developing and operating logistics assets. It will also co-invest in… Read More>>
Logistics Group ESR Launches $505M Bid for Australia’s PropertyLink
Warburg Pincus-backed ESR has made a $505 million all-cash offer for Sydney-based real estate investment manager Propertylink, according to an announcement to the Australian stock exchange late last week.
The Pan-Asian warehouse investment platform’s Australian arm, is offering A$1.15 per… Read More>>
Evergrande Invests $2.1B in World’s Biggest BMW Dealer
China’s second largest property developer, Evergrande, is buying a 41 percent stake in Guanghui Group, a Xinjiang-based company that owns the world’s biggest chain of BMW dealerships and operates 737 auto retail facilities nationwide.
According to a stock exchange disclosure… Read More>>
Asia Real Estate People in the News 2018-09-24
Hotel and logistics professionals dominate our list of who’s secured a new job in the region, as senior level players from Intercontinental Hotels, Goodman and Ping An make an appearance, and there’s even a place for an executive formerly in… Read More>>
Real Estate Finance
Blackstone Kicks Off $722M IPO for India’s First REIT
India’s first real estate investment trust – the Blackstone-sponsored Embassy Office Parks REIT – kicked off its IPO on Monday with the manager filing … Read More>>
Evergrande Invests $2.1B in World’s Biggest BMW Dealer
China’s second largest property developer, Evergrande, is buying a 41 percent stake in Guanghui Group, a Xinjiang-based company that owns the world’s … Read More>>
HK-Listed Spring REIT Buys Guangdong Mall From Huamao Property for $241M
Spring Real Estate Investment Trust has acquired its first retail asset in China as the Hong Kong-listed REIT announced late last week that it has … Read More>>
Shanghai
Allianz, Alpha Buy Shanghai Office Building From CITIC for $90M
Allianz announced today that it has partnered with Alpha Asia Macro Trends Fund III (“AAMTF III”), a private equity … Read More>>
Ziroom Pulls Listings for 20,000 Rental Homes and More Asia Real Estate Headlines
China’s nascent rental housing market hits the news again today as leading rental operator Ziroom pulls down 20,000 … Read More>>
Tencent, Warburg Pincus Said Investing $1.5B in China’s Lianjia
Chinese Internet giant Tencent is planning to invest $1 billion into Lianjia, as part of a $2 billion financing round in … Read More>>
Singapore
Keppel-KBS US REIT Buys Seattle Business Campus for $169M
Keppel-KBS US REIT on Monday announced that has agreed to buy a 21 building business park in Washington state, picking … Read More>>
OUE Selling OUE Downtown Offices to OUE C-REIT for S$908m
Property developer OUE is selling the office component of its 1.24 million square foot (115,000 square metre) OUE … Read More>>
Singapore’s CDL Acquires London’s Aldgate House From CPPIB-Hermes JV for £183M
City Developments Limited (CDL) has acquired Aldgate House, a prime commercial building in London for £183 million … Read More>>
Projects
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office in the city’s traditional … Read More>>
Vanke, Microsoft Agree to Use AI to Make Smarter Homes and Warehouses
Leading real estate developer China Vanke has signed a strategic cooperation agreement with Microsoft (China) to work together applying artificial … Read More>>
$14.6B Greenland Suzhou Project to Merge AI with Apartments
Greenland Group has signed a strategic cooperation agreement with the Suzhou government to invest over RMB 100 billion ($14.55 billion) into a series … Read More>>
Retail
JD.com Pledges to Open 1000 High Tech Supermarkets Within Five Years
China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next three to five years, stepping … Read More>>
Wumart Owner Emerges Victorious in Battle for Western China Retailer
The owner of Chinese big-box commerce giant Wumart has won a competition for control of one of western China’s biggest retailers after Wumei Holdings … Read More>>
Yuexiu Property Announces Plan to Sell Fortune World Plaza in Guangzhou
Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent … Read More>>
Asia Outbound
Keppel-KBS US REIT Buys Seattle Business Campus for $169M
Keppel-KBS US REIT on Monday announced that has agreed to buy a 21 building business park in Washington state, picking up the commercial assets some … Read More>>
CapitaLand Buys $835M in US Multifamily Assets From Starwood Capital
Southeast Asia’s largest developer, CapitaLand, has doubled its investment in the US with a single, $835 million purchase of a portfolio of … Read More>>
Wanda Said to Sell Chicago, LA Projects to Close Out Overseas Portfolio
Wang Jianlin’s Dalian Wanda Group has agreed to sell off the last two assets it what once was a $5 billion overseas real estate portfolio, according … Read More>>
Hong Kong
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office … Read More>>
Bangalore, Singapore and Shenzhen Lead Ranks of Top Tech Locations in Asia
Bangalore, Singapore, and Shenzhen lead a list of top locations for high tech companies to set up shop in Asia, … Read More>>
How to Build 970 Homes Above a Hong Kong MTR Station
Hong Kong’s Mass Transit Railway system has nearly doubled in capacity over the last twenty years, helping to make … Read More>>
Co-Working & Flexible Office
Singapore Flexible Office Leases Jumped 44% in 2017
Flexible office providers grew their footprints in Singapore by 680,000 square feet in 2017, jumping 44 percent from the … Read More>>
Spaces Opens Kowloon East Centre as Second New HK Venue in 30 Days
The race to open new co-working centres in Hong Kong reached another milestone last week when IWG-owned Spaces debuted … Read More>>
Pamfleet Pulls in Campfire to Fill Newly-Purchased Kowloon Retail Space
Plans by Hong Kong shared space provider Campfire to add a combined, kindergarten, shared office and food centre in the … Read More>>
Research & Policy
China’s Guangdong Province Mulls Ban on Condo Pre-Sales in Latest Blow to Developers
Guangdong province is calling for the cancellation of a decades-long property pre-sale system that has played a primary role in supporting China’s … Read More>>
Bangalore, Singapore and Shenzhen Lead Ranks of Top Tech Locations in Asia
Bangalore, Singapore, and Shenzhen lead a list of top locations for high tech companies to set up shop in Asia, according to a report released this … Read More>>
Tech Firms Predicted to Lease a Quarter of SE Asia Office Space by 2028
Tech firms will account for 15 to 25 percent of annual office leasing volumes in Southeast Asia in the coming ten years, said real estate brokerage … Read More>>
Design & Construction
Guizhou Gets on China’s Design Map With World’s Tallest Waterfall Building
A Chinese developer has decided to fit a waterfall outside a new skyscraper in the country’s southwestern province of Guizhou to the amusement of … Read More>>
Benoy to Design COFCO’s 300,000 SQM Suzhou Complex
Architecture firm Benoy has won an international competition to design a 300,000 square metre, mixed-use project in the eastern Chinese city of Suzhou … Read More>>
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next major extension for Singapore's … Read More>>
