In today’s roundup of regional news headlines, a court case on China Evergrande’s potential winding-up is adjourned until November, sales at a high-profile housing project in Hong Kong’s Kai Tak launch at a 10 percent discount, and Swire Properties zeroes… Read More>>
Wang On Selling Ap Lei Chau Property to JV With APG for $70M
Hong Kong developer Wang On Properties will sell a building at 128-130 Main Street on Ap Lei Chau island to its joint venture with Dutch fund manager APG for HK$554.8 million ($70.6 million), with the partners planning to redevelop the… Read More>>
Shimao Selling Stakes in 2 Beijing Projects to China Resources Land for $480M
Shimao Group has agreed to sell its stakes in two Beijing residential projects to red-chip developer China Resources Land for RMB 3.3 billion ($480 million), continuing this year’s theme of state-owned enterprises bailing out distressed mainland builders.
Shimao’s interest comprises… Read More>>
Link REIT Wins Kowloon East Commercial Site With $97M Bid
If questions remained about Hong Kong-based Link REIT’s dedication to the hometown cause, they should be laid to rest after Asia’s largest listed trust bested four other bidders to clinch a Kowloon East commercial site for HK$766 million ($97.6 million).
Pan Pacific Hotels Rejigs Operations Team, Promotes Jeremy Aniere to Singapore VP
Pan Pacific Hotels Group has announced a reorganisation of its global operational leadership team, as the unit of Singapore-listed property conglomerate UOL Group looks to expand its hospitality portfolio spanning Asia Pacific, Europe and North America.
The group’s new appointments… Read More>>
Hines Asia Fund Picks Up 2 Melbourne Logistics Projects
The flagship Asia Pacific strategy of US developer and fund manager Hines has entered Melbourne with the acquisition of two logistics properties from Honda Australia.
A project near the Melbourne airport in the suburb of Tullamarine will be the first… Read More>>
Hong Kong’s Chinachem Moves into Healthcare with $57M Acquisition
Hong Kong developer Chinachem has agreed to pay HK$451.2 million ($57.5 million) for a majority stake in a Hong Kong-listed senior care provider as the company prepares to expand into healthcare and senior living.
Privately held Chinachem will acquire a… Read More>>
M&G to Invest Up to $350M in Japan Development Partnership With ESR
M&G Real Estate has set up a long-term partnership with industrial giant ESR to develop a portfolio of logistics properties in Japan, with the UK-based fund manager to deploy up to $350 million in equity towards the cause.
The partnership… Read More>>
ESR-Logos REIT to Buy Greater Tokyo Warehouse From ESR Group for $131M
ESR-Logos REIT has agreed to buy a Greater Tokyo logistics asset for S$183.5 million ($131.4 million), marking the Singapore-listed trust’s first acquisition in Japan.
The trust’s sponsor, Hong Kong-listed ESR Group, will acquire ESR Sakura Distribution Centre in Chiba prefecture… Read More>>
Country Garden H1 Profit Dives by Record 96% and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s top developer by sales posts a record profit decline, Hong Kong’s PAG agrees to buy a Dutch-themed Japanese theme park, and flustered Evergrande bondholders push their own debt restructuring plan.
Read More>>
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