Asia Pacific real estate investment news and information
Global private real estate fundraising in 2023 suffered its sharpest drop in 14 years, tumbling 33.1 percent to $151.3 billion, according to data provider Realfin.
The number of private vehicles reaching a final closing recorded the deepest decline of all… Read More>>
CapitaLand Investment’s attributable profit fell 79 percent to S$181 million ($134.5 million) in 2023, pressured by a second-half loss of S$170 million stemming from markdowns on the Singapore-listed fund manager’s global portfolio.
The firm last year felt the impact of… Read More>>
Singapore’s City Developments Ltd reported a 75.3 percent drop in attributable profit to S$317.3 million ($235.7 million) for 2023, even as the first-half completion of a residential project helped revenue reach an all-time high.
The profit plunge was due to… Read More>>
Singapore developer UOL Group’s 2023 attributable profit jumped 44 percent to S$707.7 million ($527 million), boosted by an October hotel disposal.
The profit surge was propelled by a gain of S$442.3 million from the sale of the Parkroyal on Kitchener… Read More>>
OMERS, the biggest pension fund manager in Canada’s Ontario province, reported a 7.2 percent net loss on real estate investments in 2023, swinging from a net return of 13.6 percent the prior year, as elevated interest rates took a toll… Read More>>
Weave Living has secured further investment from existing shareholders, founder and CEO Sachin Doshi and private equity major Warburg Pincus, as the rental residential operator looks to double its portfolio in an expansion set to take it beyond Hong Kong,… Read More>>
Beaten-down shares took a toll on the wealth of Hong Kong’s real estate tycoons in 2023, with Li Ka-shing successfully defending his title of richest Hongkonger despite his fortune shrinking 7.2 percent to $36.2 billion.
CK Asset boss Li and… Read More>>
Local Residential, the Australian build-to-rent platform backed by Macquarie Asset Management, has reached a final closing of its inaugural fund with investments in two Melbourne projects with an end value of A$650 million ($427.9 million).
The fully deployed fund, dubbed… Read More>>
The Canada Pension Plan Investment Board has agreed to the sale of a 21 percent partial interest in the Kendall Square Development Venture with ESR and APG in South Korea, with CPPIB poised to net $245 million in proceeds from… Read More>>
A group of shareholders in Asia Pacific warehouse giant ESR is exploring options that include a privatisation of the Hong Kong-listed company, according to sources familiar with the discussions, as the regional fund manager finds its stock price sliding amid… Read More>>
