JLL has promoted Anny Zhang to CEO for China, with the company veteran succeeding Bessie Lee in the top mainland role at the global real estate consultancy.
Based in Shanghai, Zhang takes the helm at the mainland China business on… Read More>>
Tokyu REIT Buying Out Sponsor’s 47.4% Stake in Tokyo Office Building for $93M
Tokyu REIT has agreed to acquire the 47.4 percent stake it doesn’t already own in a Tokyo office building from its sponsor, Tokyu Corporation, for JPY 14.7 billion ($93 million).
The TSE-listed trust is buying out the 11-storey Tokyu Bancho… Read More>>
Singapore Home Sales Climb 2.2% After May Plunge as Buyers Weigh Options
New private home sales in Singapore crept up 2.2 percent in June from May’s low base, according to data released by the Urban Redevelopment Authority on Monday.
Excluding executive condos, developers sold 228 new homes in June after moving just… Read More>>
Cuscaden Peak, Kajima Seeking $596M for Singapore’s Woodleigh Mall
Cuscaden Peak is marketing its Woodleigh Mall in north-central Singapore for S$800 million ($596 million), sources confirmed to Mingtiandi on Friday.
The retail project next to Woodleigh MRT station was completed last year and is held in a 50:50 joint… Read More>>
Vnet Founder Gives Up Take-Private Bid as Blackstone-Backed Data Centre Firm Stays Listed
Vnet Group founder Josh Chen has withdrawn his long-standing offer to take the Chinese data centre operator private, arguing that the NASDAQ-listed firm would be better served remaining publicly traded.
Beijing-based Vnet confirmed Chen’s decision on Thursday after a Bloomberg… Read More>>
Keppel DC REIT Enters Japan With $140M Tokyo Data Centre Buy
Keppel DC REIT has agreed to buy a western Tokyo data centre at a deal value of JPY 23.4 billion ($140 million), taking advantage of low borrowing costs to secure the trust’s first asset in Japan.
The Singapore-listed REIT will… Read More>>
Warehouse Developer Panattoni Breaks Ground on First India Project Near Delhi
Industrial developer Panattoni broke ground this week on a warehouse park in India’s national capital region as the US company’s first project in the country.
Situated on National Highway 352 within the Jhajjar district of Haryana, some 60 kilometres (37… Read More>>
Singapore’s Temasek Boosts Portfolio Value by 1.8% to $288B on US, India Strength
Singapore state holding firm Temasek reported a net portfolio value of S$389 billion ($288 billion) for its financial year to the end of March, up S$7 billion from a year ago, as investment returns from the US and India offset… Read More>>
Tang Family Completes Manager Buyout, Becomes Sponsor of ARA US Hospitality Trust
Mysterious mainland investor Gordon Tang and wife Celine have completed their takeover of ARA US Hospitality Trust’s managers, with the family upping its stake to become the largest unit-holder and sponsor of the Singapore-listed hotel REIT.
Acrophyte Pte, which was… Read More>>
Guangzhou R&F Hit With Wind-Up Petition by Temasek-Linked Fund
Guangzhou R&F Properties on Monday was served with a winding-up petition in Hong Kong’s High Court by a creditor linked to Singapore’s Temasek Holdings, with the legal motion coming despite a recent series of restructuring deals agreed with the Chinese… Read More>>
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