City Developments Limited has aligned itself with Paris-based asset manager Tikehau Capital and the family office of … Read More>>
Featured Stories
COVID Crisis Predicted to Knock 10% Off Singapore Office Rents
Singapore’s landlords are bracing themselves for the biggest financial crisis of the century, with office leasing demand … Read More>>
Sponsored Features
COVID-19 and the Future of Work in China
China’s government has responded to the COVID-19 outbreak by implementing fee reductions, liquidity injections and other … Read More>>
Think Asia Pacific: What’s in Store for the Region’s Real Estate Markets in 2020?
Nuveen Real Estate, one of the largest investment managers in the world, provides an in-depth sector analysis into the … Read More>>
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Breaking News
CDL-Tikehau Partnership Buys Control of European Office REIT From Tong Jinquan
City Developments Limited has aligned itself with Paris-based asset manager Tikehau Capital and the family office of Singapore billionaire Arvind Tiku in set of transactions that takes their combined holdings in IREIT Global to over 50 percent, according to an… Read More>>
COVID Crisis Predicted to Knock 10% Off Singapore Office Rents
Singapore’s landlords are bracing themselves for the biggest financial crisis of the century, with office leasing demand and property investment already disappearing as a result of the COVID-19 pandemic.
In a report released yesterday, Cushman & Wakefield said that office… Read More>>
Li Ka-shing’s Watson Group Sued Over Unpaid Rent and More Asia Real Estate Headlines
News of one of Hong Kong’s biggest landlords failing to pay his rent leads Mingtiandi’s roundup of Asia real estate headlines today with the news that the owner of a shopping centre in Holland has launched court proceedings against personal… Read More>>
Shop in Central Sells for 50% Off and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a retail unit in Central was sold for HK$15 million — 50 percent below the original asking price. Also in the headlines, watch maker National Electronics Holding acquired a luxury house in Deep… Read More>>
Goldin Agrees to Sell HK$8.9B Kai Tak Plot
Goldin Financial has agreed to sell a once-prized residential site at Hong Kong’s former airport, after accepting an offer from an undisclosed party for the undeveloped Kai Tak plot, the company announced to the stock exchange on Tuesday.
The Hong… Read More>>
GIC JV Buys 50% Stake in A$1.3B Melbourne Office Complex
Singapore’s GIC has teamed up with Aussie REIT Dexus to buy a 50 percent stake in a landmark Melbourne’s commercial property for A$644 million ($398 million) through an off-market transaction.
ASX-listed Dexus announced in a bourse filing yesterday that the… Read More>>
Goldman Seizes Luckin Shares after $518M Default and More Asia Real Estate Headlines
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US investment bank is seizing shares in a scandal-hit coffee chain after the company’s chairman defaulted on a $518 million loan.
In… Read More>>
Mapletree Raises $1.8B for Euro-American Logistics Trust
Mapletree Investments has raised $1.8 billion for its first ever US and European logistics fund, leveraging the returns from leasing warehouses to e-commerce firms to expand the Singapore-based company’s capital management business.
The firm, which is backed by Temasek Holdings,… Read More>>
Real Estate Finance
CDL-Tikehau Partnership Buys Control of European Office REIT From Tong Jinquan
City Developments Limited has aligned itself with Paris-based asset manager Tikehau Capital and the family office of Singapore billionaire Arvind Tiku … Read More>>
Goldin Agrees to Sell HK$8.9B Kai Tak Plot
Goldin Financial has agreed to sell a once-prized residential site at Hong Kong’s former airport, after accepting an offer from an undisclosed party … Read More>>
Lone Star Fends Off Blackstone to Buy Japan’s Unizo for JPY 205B
Lone Star Funds has succeeded in its JPY 205 billion ($1.9 billion) takeover of Japanese hotelier and property company Unizo, triumphing over rivals … Read More>>
Shanghai
China Re Completes RMB 3.1B Acquisition of Shanghai Office Tower
China Reinsurance has completed the acquisition of a newly completed commercial property in Shanghai’s Lujiazui area for … Read More>>
Hongkong Land Pays Record RMB 31B for Site in Shanghai’s Xuhui District
In the midst of one China’s most acute economic setbacks in the last two decades, the biggest landlord in Hong Kong’s … Read More>>
PGIM Appoints New Head of Institutional Business for China
Real estate fund manager PGIM has brought on board veteran finance executive Sun Hao to bolster its operation in … Read More>>
Singapore
COVID Crisis Predicted to Knock 10% Off Singapore Office Rents
Singapore’s landlords are bracing themselves for the biggest financial crisis of the century, with office leasing demand … Read More>>
Goldman Seizes Luckin Shares after $518M Default and More Asia Real Estate Headlines
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US investment bank … Read More>>
Ascendas REIT Buys Out Mitsui Stake in SG Business Park for S$103M
Ascendas Real Estate Investment Trust has acquired a 25 percent ownership interest in a Singapore business park for … Read More>>
Projects
First Group Spends HK$1.4B Buying Sites for Kowloon Office Project
A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial project despite a slide in … Read More>>
Goldin Looks to Offload HK$8.9B Kai Tak Plot As Residential Values Slide
Goldin Financial Holdings is hoping to offload a piece of land which had once been part of the runway of Hong Kong’s former airport, as a property … Read More>>
Ho Bee Land Wins SG Biomed Project With S$224M Bid
Ho Bee Land has won the tender for a 41,366 square metre (445,260 square foot) biomedical facility in Singapore’s One-North development, according … Read More>>
Retail
New World Sells Stakes in Hong Kong Malls to MTR for HK$3B
New World Development has sold its ownership interest in a pair of mid-market Hong Kong community malls to MTR Corporation for HK$3 billion ($380 … Read More>>
US Retail Giant Simon Property to Buy Rival Taubman for $3.6B
Two of America’s largest mall owners are set to merge in a $3.6 billion deal as Simon Property Group moves to become the biggest retail landlord left … Read More>>
Link REIT Negotiating Stake in UK Retail Landlord Seeking £1B Rescue
The manager of Hong Kong’s Link REIT is in talks with Intu Properties to buy equity in the UK shopping centre landlord, according to an announcement … Read More>>
Asia Outbound
GIC JV Buys 50% Stake in A$1.3B Melbourne Office Complex
Singapore’s GIC has teamed up with Aussie REIT Dexus to buy a 50 percent stake in a landmark Melbourne’s commercial property for A$644 million ($398 … Read More>>
Wanda Sports Offloads Ironman for $730M After Stock Value Halves
Wanda Sports Group has agreed to sell its Ironman franchise to the owner of publishing house Conde Nast, just eight months after the company … Read More>>
Oceanwide Sells SF Project to Hony Fund for $1.2B After Deal Collapses
A troubled mainland developer’s race to dispose of assets to meet looming debt repayments took a twist yesterday when China Oceanwide Holdings brought … Read More>>
Hong Kong
Goldin Agrees to Sell HK$8.9B Kai Tak Plot
Goldin Financial has agreed to sell a once-prized residential site at Hong Kong’s former airport, after accepting an … Read More>>
Goldman Seizes Luckin Shares after $518M Default and More Asia Real Estate Headlines
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US investment bank … Read More>>
InterContinental Hong Kong Closing for Renovation and More Asia Real Estate Headlines
A Kowloon hotel owned by investors led by Gaw Capital leads the way in Mingtiandi’s roundup of Asia real estate … Read More>>
Co-Working & Flexible Office
SoftBank Abandons $3B WeWork Share Buyout
Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent … Read More>>
Softbank Backs Away From Buying $3B in WeWork Shares, Cites China Restructuring
Softbank has reportedly pulled back from buying $3 billion in WeWork shares from existing shareholders, citing legal … Read More>>
WeWork Names Former Brookfield Exec as New CEO
Shared office provider WeWork has found a new chief executive as the financially challenged company takes another step … Read More>>
Research & Policy
COVID Crisis Predicted to Knock 10% Off Singapore Office Rents
Singapore’s landlords are bracing themselves for the biggest financial crisis of the century, with office leasing demand and property investment … Read More>>
Singapore Home Prices To Drop For First Time Since 2016 As Recession Nears
A flash estimate by the Singapore government has shown a 1.2 percent decline in the private residential property index, with experts predicting home … Read More>>
Singapore Developers Welcome S$48.5B COVID-19 Relief Package
Singapore developers, REITs and property analysts have thrown support behind the city’s new Resilience Budget, a S$48.5 billion ($34 billion) COVID-19 … 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>>
