Asia Pacific real estate investment news and information
Fitch Ratings has revised down its 2022 forecast for China home sales to a decline of 25-30 percent as COVID-19 lockdowns, developer defaults and crumbling consumer confidence continue to suppress buyer demand.
Sales in the world’s biggest housing market were… Read More>>
Jingrui Holdings has failed to make on-time interest payments on four sets of offshore bonds, with the developer blaming the defaults on the impact of China’s COVID-19 lockdown measures in the group’s home base of Shanghai and other key cities.
US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia Pacific expansion strategy, with a focus on opportunities outside of Tishman’s established markets of China and India.
Mackie joins Tishman Speyer… Read More>>
Warehouse builder and fund manager ESR has finished construction of the first phase of its Yokohama Sachiura Logistics Park, which is expected to be Japan’s most valuable complex of its type upon completion.
ESR Yokohama Sachiura Distribution Centre 1 is… Read More>>
AXA IM Alts is shaking up its leadership team Down Under with the appointment of Antoine Mesnage as the French firm’s head of Australia and the promotion of two longtime fund managers to senior roles.
Currently serving as head of… Read More>>
Far East Orchard has hooked up with two fellow Singapore-based investors on a £26.6 million ($32 million) joint venture to build a student accommodation project in Bristol, marking the developer’s fourth property in the southwestern English city.
FEO, controlled by… Read More>>
Developers sold 1,356 new private homes in Singapore during May, a 106 percent rise from April’s 660 units and the highest monthly figure since last November’s 1,547, according to government data released Wednesday.
The May tally of new home sales… Read More>>
Jingrui Holdings has joined the growing list of Chinese developers cutting ties with their auditors, with the company announcing that Big Four accounting firm PwC exited the role late last month.
At the request of Jingrui’s board, PricewaterhouseCoopers resigned as… Read More>>
Frasers Logistics & Commercial Trust has agreed to acquire three newly completed industrial properties near Melbourne for A$61 million ($42.5 million), as the REIT continues to spend cash obtained from the disposal of a Singapore commercial complex earlier this year.
Equinix continues to expand in India’s biggest server-hosting market, with the US giant announcing plans to build its third Mumbai data centre at an initial investment cost of more than $86 million.
The initial investment includes the acquisition of a… Read More>>
