A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same address will cost you at least $2,100 per year. Or you can buy the whole building… Read More>>
Asia Real Estate People in the News 2018-04-23
Leading today’s roundup of people news, a retail specialist has rejoined CapitaLand’s mall development arm in Shanghai after a stint at Pradera Retail Asia, and a senior housing pro is jumping from one Chinese insurance behemoth to another. The flexible… Read More>>
Turning Nanjing’s Historic Waterfront into a Social Shopping Hub
The city of Nanjing is undertaking a $2 billion project to rebuild a three-kilometre stretch of riverfront which has long been home to an array of decaying factories and workshops, into a new urban district providing homes, workplaces and centres… Read More>>
LaSalle Sells Korean Warehouse to Deutsche Bank’s DWS for $57M
Deutsche Bank’s asset management arm has bought a recently completed logistics warehouse in Icheon City, south of Seoul for 61.2 billion won ($57.4 million), as global real estate investors pile into Korea’s modernising logistics sector.
DWS (formerly Deutsche Asset Management)… Read More>>
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next major extension for Singapore’s Changi Airport, the sixth-busiest air hub in the world.
The two firms along with Singapore’s Architects 61… Read More>>
CITIC Comes to CEFC’s Rescue in Europe and More Asia Real Estate Headlines
At the top of today’s new roundup, China’s CIITC Group has once again come to the rescue of a troubled overseas project as the state-run investment giant announces a European JV with scandal-plagued CEFC. And if joint ventures don’t light… Read More>>
Blackstone Real Estate MD Stuart Grant Leaving for London Developer Stanhope
Stuart Grant, who leads asset management for Blackstone Real Estate’s investments in Asia Pacific, will be stepping down from the US alternative investment giant to join London-focused developer Stanhope Plc as Managing Director later this year.
Grant currently serves as… Read More>>
Chinese Builder Gets Greenlight for 2nd Melbourne Tower and More Asia Real Estate Headlines
Leading today’s roundup, low-profile Chinese developer Holder East has won approval for the design of a 208-unit residential tower in Melbourne, less than a week after getting the green light for another high-rise apartment building in the same city. Also… Read More>>
GIC Invests $1.3B in Vingroup as VN Developer Readies for $2B Listing
Vietnam’s Vingroup has raised $1.3 billion from Singaporean sovereign wealth fund GIC as the country’s largest real estate developer prepares to list its luxury residential arm, Vinhomes JSC on the Ho Chi Minh City Stock Exchange.
Vingroup, which last year listed… Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre research and commercial hub near the east bank of Shanghai’s Huangpu River. Benoy will work with local developer Shanghai Lujiazui Group… Read More>>
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