In today’s roundup of regional news headlines, industrial giant ESR is reported to be putting its Australian portfolio with China Merchants Capital up for sale, and Wuxi joins other Chinese cities in scrapping homebuying curbs. Also making the list are… Read More>>
Henderson-Swire JV Completes Acquisition of $806M Quarry Bay Project
Henderson Land and Swire Properties have completed their acquisition of a set of ageing buildings in Hong Kong’s Quarry Bay at a valuation of HK$6.3 billion ($806 million) after securing the remaining spaces at a public auction Tuesday.
The compulsory… Read More>>
China Taiping Buying Beijing Retirement Home From Century Golden Resources for $290M
China Taiping Insurance has agreed to acquire a Beijing retirement home project from developer Century Golden Resources for RMB 2.09 billion ($290 million), chalking up a rare big-ticket deal in the mainland’s senior living sector.
The project in Shunyi district’s… Read More>>
BlackRock Turns Bearish on China Equities and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the world’s biggest asset manager sours on China equities, and troubled developer Sunac files for Chapter 15 protection in New York. Also making the cut are GuocoLand’s latest tender win in Singapore and… Read More>>
PGIM Expands APAC Rental Housing Portfolio With China, Australia Deals
PGIM Real Estate has added to its Asia Pacific rental housing portfolio, with the US investment manager securing deals with local partners to acquire properties in Shanghai, Sydney and Brisbane.
In China’s commercial capital, PGIM led a joint venture to… Read More>>
KKR Buying 20% Stake in Singtel’s $4B Regional Data Centre Business
A fund managed by KKR has agreed to commit up to S$1.1 billion to acquire a 20 percent stake in Singtel’s regional data centre business, with the US buyout giant’s investment valuing the platform at S$5.5 billion ($4 billion).
KKR… Read More>>
Evergrande Wealth Management Staff Arrested and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shenzhen cops detain staff at China Evergrande’s wealth management unit, and CDL’s First Sponsor Group acquires a Netherlands office tower. Also making the list are shadow bank Zhongrong’s state-directed bailout and Country Garden’s… Read More>>
Mitsui-Backed REIT Buys Three Japan Hotels From First Brothers for $21M
A Tokyo-listed REIT sponsored by property giant Mitsui Fudosan has acquired a portfolio of three hotels in Japan for JPY 3.1 billion ($21.2 million).
Nippon Accommodations Fund said in a filing that the properties are Smile-branded hotels in the cities… Read More>>
Colt Data Centres Enters India With 120MW Navi Mumbai Project
Colt Data Centre Services on Thursday announced the launch of a 120-megawatt facility in Navi Mumbai as the British company’s first project in India.
Occupying 15 acres (6.1 hectares) of land, the data centre will be built to Tier 3… Read More>>
China Home Price Slide Accelerates and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, official stats reveal China’s deepening home price skid, and developer Sino-Ocean suspends debt payments for lack of ready cash. Also making waves are ESR’s new logistics park in India and Fantasia’s restructuring deal.