In today’s roundup of regional news headlines, Singapore’s ST Telemedia Global Data Centres reportedly contemplates an initial public offering, Dalian Wanda’s services unit scores a big offshore loan, and Kaisa Group is taken to court in New York over missed… Read More>>
PAG Raises Additional $270M for Third Pan-Asian Real Estate Fund
PAG has raised a further $270 million for its third pan-Asian core-plus/value-add real estate fund, according to a filing with the US Securities and Exchange Commission.
The Hong Kong-based private equity firm received its latest commitment to PAG Real Estate… Read More>>
PAG, Mapletree Confirm $713M Buy of Hong Kong’s Goldin Financial Global Centre
PAG and Mapletree Investments said Thursday that they have agreed to form a joint venture to acquire Hong Kong’s Goldin Financial Global Centre from the property’s receivers for HK$5.6 billion ($713 million), confirming a Mingtiandi report from last month.
The… Read More>>
CapitaLand Ascendas REIT Closes Philips HQ Buy and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, electronics giant Philips concludes the previously announced sale of its APAC headquarters, Singaporeans rankle at rising housing costs, and Twitter walks away from its Asia HQ.
Philips Completes $76M Sale… Read More>>
Singapore Condo Complex Sells for $86M in First Collective Sale of the Year
A condo complex on Singapore’s Upper East Coast Road has sold for S$115.3 million ($86.6 million) in the city-state’s first collective sale of 2023, with a consortium of unidentified buyers braving a slowing housing market to pick up the 43-unit… Read More>>
PGIM Real Estate Hires LaSalle’s Eileen Yong to Guide Asia Core Strategy
PGIM Real Estate on Wednesday announced the hiring of Eileen Yong as deputy portfolio manager for the firm’s Asia core strategy.
Carrying the title of executive director, Yong most recently was a senior fund manager at LaSalle Investment Management and… Read More>>
Bids for Singapore’s Golden Mile Tower Continue and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the collective sale of Singapore’s Golden Mile Tower enters the negotiation phase after its tender closes, and a Korean activist fund agrees to acquire Seoul-based Meritz Asset Management.
Golden Mile… Read More>>
ST Telemedia Global Data Centres Completes Sale of 40% Stake in UK Unit to Macquarie
Temasek Holdings-backed ST Telemedia Global Data Centres has completed the sale of a 40 percent stake in its UK-based Virtus subsidiary to Macquarie Asset Management.
The investment by the Australian fund manager will enable the digital infrastructure arm of Singapore’s… Read More>>
Colliers Promotes Bastiaan van Beijsterveldt to Managing Director for Singapore
Colliers on Tuesday announced the promotion of Bastiaan van Beijsterveldt to the role of managing director for Singapore, as the property services firm continues to refresh its Asia-based leadership.
Van Beijsterveldt moves from his previous position of executive director and… Read More>>
Sogo’s Tsim Sha Tsui Branch Closing Down in March and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s retail slump claims another victim as Sogo prepares to close its Tsim Sha Tsui store after 18 years in business, and top mainland developer Country Garden reportedly secures funds to avert… Read More>>
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