M&G Real Estate has completed the sale of the Icon Yeoksam office building in Seoul for KRW 204.3 billion ($151.4 million), with the British asset manager booking a 44 percent appreciation in value on the deal.
The divestment of the… Read More>>
Asia real estate and outbound investment news
M&G Real Estate has completed the sale of the Icon Yeoksam office building in Seoul for KRW 204.3 billion ($151.4 million), with the British asset manager booking a 44 percent appreciation in value on the deal.
The divestment of the… Read More>>
SRE Group has agreed to sell its entire 51 percent interest in a Shanghai residential and commercial project for RMB 3.41 billion ($470 million) after putting the ownership stake up for bid nearly four years ago.
The transaction will put… Read More>>
Activist investor Quarz Capital, which last year helped persuade investors in SGX-listed Sabana REIT to internalise the trust’s manager, now admits that the cost savings estimates it used to sell that campaign to investors were “incorrect and an error”.
Having… Read More>>
The Land of the Rising Sun continues to climb in the estimation of overseas fund managers, with Fiera Capital becoming the latest to extend its reach with the appointment of CJ Morrell as head of Japan.
Morrell’s newly created role… Read More>>
Country Garden Services Holdings on Wednesday announced the resignation of an executive director and the cancellation of the company’s 2020-era share option scheme.
The property management arm of troubled Chinese developer Country Garden said Guo Zhanjun stepped down with immediate… Read More>>
After a brief slump in the second half of 2023, office rents in downtown Singapore jumped 1.3 percent on a quarterly basis in the first three months of 2024 to hit a 15-year high, according to JLL.
Gross effective rents… Read More>>
China’s housing market correction may be just halfway complete, according to KKR partner Henry H McVey.
Rather than a typical correction in which housing reaches a floor as both price and volume collapse, the crisis in Asia’s biggest economy has… Read More>>
PIMCO Prime Real Estate has become the latest fund manager to add to its Japan team with the hiring of Hiroyuki Mochizuki as country head.
Mochizuki brings more than 20 years of professional experience in the real estate industry in… Read More>>
JLL on Tuesday announced the appointment of David Green-Morgan as senior advisor for Asia Pacific capital markets research, with the veteran analyst having left his prior post at MSCI Real Assets in March.
In the newly created role, Green-Morgan will… Read More>>
Hong Kong private equity firm PAG has acquired a two-warehouse logistics centre near Japan’s port of Nagoya from US developer Hines for a reported transaction value between JPY 65 billion and JPY 66 billion ($429 million and $435 million).
The… Read More>>