Asia Pacific real estate investment news and information
S&P Global Ratings downgraded the credit of Fosun International last week, citing the mainland investment giant’s thinning liquidity buffer and under-pressure capital structure.
The credit ratings giant demoted the conglomerate led by chairman Guo Guangchang by one notch to BB-… Read More>>
In today’s roundup of regional news headlines, China Vanke lines up some heavy-hitting cornerstone investors for its property services IPO, GuocoLand hails a successful sales launch at its Lentor Modern project in Singapore, and a city-state residential site retries a… Read More>>
Ascendas REIT has agreed to acquire a food storage and distribution centre in western Singapore from PGIM Real Estate for S$191.9 million ($136.5 million), marking the SGX-listed trust’s first investment in a cold chain facility in the city-state.
The leasehold… Read More>>
Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of… Read More>>
Frasers Property’s take-private scheme for Singapore-listed Frasers Hospitality Trust came up short by the barest of margins at a Monday vote, as unitholders representing 74.88 percent of the trust’s stapled securities approved the proposal, narrowly missing the 75 percent threshold… Read More>>
In today’s roundup of regional news headlines, the seizure of China Evergrande’s Hong Kong headquarters is confirmed by public records as the debt-saddled developer pledges to restart dozens of stalled projects. Meanwhile, New York-based SL Green announces its acquisition of… Read More>>
China Evergrande’s struggle to pay its debts produced more drama this past week as lenders to the world’s most indebted developer took steps to seize its Hong Kong headquarters.
The unidentified lenders to Shenzhen-based Evergrande have appointed a receiver to… Read More>>
Industrial specialist ESR has launched the third in its series of core-plus logistics funds focused on the Australian market, with financial support once again provided by its longtime partner, Singapore sovereign fund GIC.
ESR Australia Logistics Partnership III has received… Read More>>
In today’s roundup of regional news headlines, a billionaire property tycoon urges an end to Hong Kong’s onerous travel restrictions, Singapore’s Lian Beng looks to unload a Joo Chiat commercial property, and SGX-listed Cromwell E-REIT sells some industrial assets.
LaSalle Investment Management has raised more than $2.2 billion in equity for its LaSalle Asia Opportunity VI fund, handily exceeding the firm’s initial target of $1.5 billion.
The committed capital, which includes sidecars and co-investment programmes, has been secured from… Read More>>
