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Christopher Caillavet

Raymond Kwok of Sun Hung Kai Properties (Getty Images)

SHKP Preps Townplace West Kowloon ‘Aparthotel’ for Second-Half Launch

2023/03/11 by Christopher Caillavet Leave a Comment

Sun Hung Kai Properties plans to debut the flagship property under its Townplace rental residential brand in the second half of 2023, with the blue-chip builder touting the West Kowloon project as Hong Kong’s first large-scale “aparthotel”.

Located at 10… Read More>>

Minnesota State Capitol

Minnesota Gives Nod to Angelo Gordon Fund Boost and More Asia Real Estate Headlines

2023/03/11 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a Minnesota pension manager follows through on a planned commitment to an Angelo Gordon real estate fund, and Chinese home rental platform Ziroom reportedly mulls raising $1 billion from a Hong Kong IPO.

… Read More>>

St Katharine Docks London

CDL Completes $468M Buy of London Mixed-Use Complex From Blackstone

2023/03/09 by Christopher Caillavet Leave a Comment

Singapore’s City Developments Ltd has completed its purchase of the St Katharine Docks complex in central London from funds advised by Blackstone for £395 million ($468.2 million).

The property spans more than 500,000 square feet (46,450 square metres) of office,… Read More>>

Guy Bradley of Swire Properties

Swire Properties Underlying Profit Falls 9% as Regional Investment Plan Barrels Ahead

2023/03/09 by Christopher Caillavet Leave a Comment

Swire Properties posted a 9 percent decline in its full-year underlying profit, primarily due to a reduction in income from the sale of car parking spaces at the Hong Kong-based developer’s Taikoo Shing residential project in Quarry Bay.

Underlying profit… Read More>>

JP Morgan Tower

Blackstone Chases $660M for Sydney Tower and More Asia Real Estate Headlines

2023/03/09 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Blackstone looks Down Under for its latest potential asset disposal, and China’s government ponders a novel method to maintain state control of private firms.

Blackstone Could Fetch A$1B as It… Read More>>

Kunihiko Okumura LaSalle

LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund

2023/03/08 by Christopher Caillavet Leave a Comment

LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as Japan CEO at the fund management unit of JLL.

In addition, Itaru Nogami will replace Ryota Morioka as fund manager of the firm’s… Read More>>

Tokyu Land’s Activia REIT to Buy Tokyo Office Building for $220M, Sell Ginza Site Stake

2023/03/08 by Christopher Caillavet Leave a Comment

Activia Properties has agreed to acquire a central Tokyo office building for JPY 30.6 billion ($220 million), with the transaction to be financed in part by the disposal of the Japanese REIT’s interest in the land beneath a Ginza mall.

… Read More>>

korea nps

Korean Pension Giant Steps Up Climate Commitment and More Asia Real Estate Headlines

2023/03/08 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, two of South Korea’s biggest institutional investors reveal plans to do business more responsibly, and Jiayuan Services becomes the latest Chinese property firm to cut ties with its auditor.

South… Read More>>

Myanmar Sedona Hotel Yangon

Keppel Land Exiting Myanmar Hotel Project and More Asia Real Estate Headlines

2023/03/07 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore’s Keppel Land sells out of a Myanmar hotel development, and insurance giant Ping An Group says it’s on the hook for about a fourth of the estimated damage bill from the Kimpton… Read More>>

Stuart Crow JLL

Pricing, Interest Rate Challenges Test Investors in APAC Commercial Real Estate Markets

2023/03/07 by Christopher Caillavet Leave a Comment

Real estate investors are pointing to uncertainties around pricing and rising interest rates as the main factors slowing capital deployment in Asia Pacific commercial property markets this year, according to JLL.

A survey of global and regional investors found that… Read More>>

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