Singapore’s CapitaLand has agreed to sell partial stakes in six of the nine mixed-use Raffles City developments in China to mainland insurance giant Ping An, as Southeast Asia’s largest developer and the region’s second-largest fund manager continues to turn its… Read More>>
Sunac China Buying Hangzhou Hotel, Office Tower From Oceanwide for $340M
A pair of mainland developers — cash-strapped China Oceanwide Holdings and distressed-asset enthusiast Sunac China Holdings — have seen their interests converge once again, with Sunac agreeing to buy two of Oceanwide’s Hangzhou properties for RMB 2.2 billion ($340 million),… Read More>>
Central Singapore Office Rents Rose 1.2% in Q2 in First COVID-Era Increase
Spring has brought fresh growth to Singapore’s central business district as office rents registered their first uptick since the dawn of the pandemic, JLL said this week in its second-quarter research report.
Average monthly gross effective rents for Grade A… Read More>>
Hines Promotes European Fund Manager Peter Epping to Global Head of ESG
US developer Hines has set up a dedicated global team to tackle environmental, social and governance issues under the leadership of European fund manager Peter Epping.
In his newly created role as global head of ESG, Epping will spearhead the… Read More>>
Ivanhoe, Logos and Warehouses as Economic Infrastructure: MTD TV Asia Logistics Forum 2021
https://player.vimeo.com/video/566911045?h=e25bdeee7bVideo can’t be loaded because JavaScript is disabled: Mingtiandi Asia Logistics Forum 2021: Spotlight Interview with Ivanhoé Cambridge and LOGOS Property (https://player.vimeo.com/video/566911045?h=e25bdeee7b)
Logistics investment’s long and winding road in Asia found the fast lane last year as… Read More>>
Hong Kong Office Leasing Ended Two-Year Contraction in May
Hong Kong’s office leasing picture brightened in May as tenants occupied more Grade A space than they had in the previous month for the first time since July 2019, according to a report released by JLL.
Absorption of top-grade offices… Read More>>
Evergrande Raises Cash by Selling Stakes in Tencent JV, Hangzhou Developer
China Evergrande Group, the country’s most indebted property developer, is raising some quick cash this week by selling off assets ahead of a scheduled repayment of a $1.47 billion offshore bond maturing next week.
The Shenzhen-based company led by billionaire… Read More>>
M&G Real Estate Hires Jan Low and Jody Neale to Bolster Asia Acquisitions Team
The Asian division of UK-based M&G Real Estate has added to its acquisitions team with the hiring of two experienced investment managers.
The firm on Wednesday announced the appointments of Jan Low as head of acquisitions for Asia and Jody… Read More>>
Ascott-Qatari Fund to Acquire Paris, Hanoi Residential Projects for $156M
Singapore’s The Ascott Ltd has agreed to buy a Paris co-living property and a Hanoi serviced apartment project on behalf of the firm’s private equity fund with the Qatar Investment Authority for S$210 million ($156 million).
The acquisition of the… Read More>>
IWG Grabs Two Floors at Raffles Place for New Regus Singapore Location
Flexible office giant IWG is adding 22,000 square feet (2,044 square metres) of workspace across two floors in CapitaLand’s Plus building at Singapore’s Raffles Place.
The arrangement will bring Switzerland-based IWG’s Regus brand to the 28-storey building at 20 Cecil… Read More>>
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