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Christopher Caillavet

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>>

Ben Keswick Hongkong Land

Hongkong Land Says 2022 Underlying Profit Fell 20% on Mainland China Troubles

2023/03/05 by Christopher Caillavet Leave a Comment

Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on declining contributions from residential projects in mainland China.

According to Hongkong Land’s preliminary results issued Thursday, the group’s profit attributable to shareholders… Read More>>

Mandarin Oriental Washington, DC

Mandarin Oriental Swings to Underlying Profit as Revenue Tops Pre-COVID Levels

2023/03/05 by Christopher Caillavet Leave a Comment

Hong Kong-based Mandarin Oriental International announced a return to underlying profit in last year’s preliminary results as the hotel group’s revenue surpassed pre-pandemic levels.

The Jardine Matheson-controlled chain posted an underlying profit attributable to shareholders of $8 million for the… Read More>>

Skyscrapers Jardine House and Exchange Square in the central business district on Hong Kong Island, Hong Kong

Jardine Matheson Underlying Earnings Climb 5% and More Asia Real Estate Headlines

2023/03/05 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Hong Kong’s Jardine Matheson reports improved underlying earnings, and US private equity giant Blackstone reportedly defaults on a euro-denominated commercial mortgage-backed security.

Jardine Matheson Posts Higher Underlying Earnings, Eyes Beefed-Up… Read More>>

Alysia Reilly of Hines

Hines Buys Queensland Cold Storage Property for APAC Flagship Fund

2023/03/03 by Christopher Caillavet Leave a Comment

US developer and investment manager Hines has acquired a cold storage property in Queensland on behalf of its flagship Asia Pacific fund, marking the vehicle’s second acquisition in the northeast Australian state and seventh industrial asset overall in the country.

… Read More>>

Darren Webb Evolution Data Centres

Warburg-Backed Evolution to Develop $300M Philippine Data Centre With Megawide

2023/03/02 by Christopher Caillavet Leave a Comment

Evolution Data Centres is teaming with a local partner to build and operate a 69-megawatt data centre in the Philippines at a total project cost of $300 million, as the Warburg Pincus-backed firm targets digital infrastructure investments in Southeast Asia’s… Read More>>

Aditya Virwani Embassy

Embassy Group Developing $20M Senior Living Project in Bengaluru With Columbia Pacific

2023/03/02 by Christopher Caillavet Leave a Comment

Indian property giant Embassy Group is jointly developing a senior living community in Bengaluru with US builder Columbia Pacific Group, adding another partnership to Embassy’s list of tie-ups with international institutions.

The project, dubbed Serene Amara, will be the 11th… Read More>>

Stephen Schwarzman Blackstone

Blackstone Continues to Curb BREIT Redemptions and More Asia Real Estate Headlines

2023/03/02 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, fund management giant Blackstone says redemption requests for its private REIT slowed in February, and Allianz Real Estate rebrands under the PIMCO banner.

Blackstone Blocked Investor Withdrawals From $71B REIT… Read More>>

Blake Hutcheson OMERS

Canadian Pension Giant OMERS Earned 13.6% Return on Real Estate in 2022

2023/03/02 by Christopher Caillavet Leave a Comment

OMERS, the largest pension fund manager in Ontario, generated an investment return of 4.2 percent net of expenses last year, with double digit returns on its real estate and private equity bets compensating for shortfalls in other sectors.

The parent… Read More>>

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MTD TV

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