In today’s roundup of regional news headlines, Chinese conglomerate Fosun plans to offload its interest in steel group Nanjing Nangang, and mainland new home prices climb at their fastest pace since last June.
Fosun Group Sells Nangang… Read More>>
Blackstone-Backed Storefriendly Launches Two Hong Kong Self-Storage Locations
Storefriendly, the Asia self-storage operator backed by investment giant Blackstone, introduced its two latest locations this past week at redeveloped properties on Hong Kong Island and in the New Territories.
Storefriendly Tower Island East, completed last October, held a grand… Read More>>
Thailand’s Central Eyes Stake in Vietnam Retail Group and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Thai retail giant Central is reportedly in talks to acquire a stake in Vietnam mall operator Vingroup, and China Vanke posts a rare profit in the mainland developer world.
Vietnam’s… Read More>>
JD.com Files for Hong Kong IPO of Property, Industrial Services Units
JD.com on Thursday filed applications for two initial public offerings in Hong Kong, as the Chinese e-commerce giant looks to spin off (but keep control of) its property and industrial services subsidiaries.
The group led by founder and chairman Richard… Read More>>
Mapletree Logistics Trust Buying APAC Portfolio From CBRE IM for $687M
SGX-listed Mapletree Logistics Trust has agreed to buy a portfolio of properties in Japan, South Korea and Australia from affiliates of CBRE Investment Management for S$913.6 million ($687 million).
The freehold properties consist of four logistics assets in Greater Tokyo… Read More>>
Lofter, SC Capital Win Full Control of Ap Lei Chau Site With $20M Compulsory Sale
Hong Kong’s Lofter Group on Wednesday acquired full ownership of a redevelopment site on Ap Lei Chau Island at a compulsory auction, with the value-add specialist now poised to transform the set of ageing buildings into a residential and retail… Read More>>
China’s Country Garden Posts First Loss Ever and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, top China developer Country Garden posts its first-ever loss since its public listing, and a Singapore-listed US REIT announces a leadership transition.
Country Garden Reports First Loss Since 2007 Listing… Read More>>
Reopening Buoys Market as Hong Kong Home Prices Rise for Second Straight Month
A broad gauge of Hong Kong’s private home prices rose by 2.2 percent in February, marking a second consecutive monthly increase and a four-month peak, according to statistics released by the government on Wednesday.
The index of territory-wide pre-owned homes… Read More>>
Singapore Central Business District Office Rent Growth Slowed to 1% in Q1
Grade A office rents in Singapore’s central business district rose 1 percent in the first quarter of 2023 compared with the previous three months as growth slowed for the second quarter in a row, according to JLL.
Gross effective rent… Read More>>
Sunac China Sweetens Offshore Debt Deal and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, developer Sunac China reaches a deal with holders of 30 percent of its offshore debt, and Best Mart 360’s co-founders enter an agreement to sell a large stake in the Hong Kong store… Read More>>
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