Asia Pacific real estate investment news and information
Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development Desmond Lee announcing the first pair of sites to be sold under the new initiative in a speech on Wednesday.
Already on the Urban… Read More>>
GuocoLand has achieved 90 percent take-up for its 709,000 square foot (65,868 square metre) Guoco Midtown office project, based on pre-commitments, marking a fresh milestone for Singapore’s once-fringe Bugis area as an aspiring business location.
Guoco Midtown is set to… Read More>>
Moody’s Investors Service has downgraded China Vanke’s senior unsecured bonds and medium-term note programme to junk status, citing sales declines and uncertainty over the state-backed developer’s access to funding.
In an action last Friday, Moody’s slashed the ratings for the… Read More>>
Cushman & Wakefield has promoted Mandy Qian to head of business development services for Greater China, taking over from longtime Shanghai hand James Shepherd, who has returned to the UK.
Qian previously led North China business development services and Greater… Read More>>
CBRE has elevated Tom Gaffney to president of the firm’s North Asia advisory business, with the post’s current holder, Ben Duncan, assuming a temporary role as North Asia chairman ahead of a planned exit next year.
Gaffney, who is regional… Read More>>
Tenants in Hong Kong’s Grade A office market took up 152,500 square feet (14,168 square metres) more than they gave back in October, marking a third straight month of positive take-up, according to JLL.
The overall vacancy rate of the… Read More>>
Industrial specialist Logos has begun construction of a Singapore warehouse for global logistics operator DSV, with the partners investing a total of S$200 million ($147 million) in the built-to-suit project.
Spanning 720,000 square feet (66,890 square metres) in the city-state’s… Read More>>
Goldman Sachs Asset Management on Wednesday announced the final closing of Vintage IX and Vintage Infrastructure Partners, having raised a combined $15.2 billion for the pair of private market secondaries funds.
Vintage IX, the latest iteration of Goldman’s diversified private… Read More>>
In today’s roundup of regional news headlines, industrial giant ESR is reported to be putting its Australian portfolio with China Merchants Capital up for sale, and Wuxi joins other Chinese cities in scrapping homebuying curbs. Also making the list are… Read More>>
Henderson Land and Swire Properties have completed their acquisition of a set of ageing buildings in Hong Kong’s Quarry Bay at a valuation of HK$6.3 billion ($806 million) after securing the remaining spaces at a public auction Tuesday.
The compulsory… Read More>>
