Asia real estate and outbound investment news
CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 from a BlackRock-managed real estate fund for approximately S$2.1 billion ($1.5 billion), marking the largest office transaction in Asia Pacific this year and the second-largest globally.
The deal for the… Read More>>
Casino billionaire Angela Leong has reportedly become the latest Hong Kong investor to bet on London’s property market, scooping up a historic building in the city’s Midtown district for around £250 million ($338 million).
Leong, the fourth wife of Macau… Read More>>
Korea Investment Corporation (KIC) has opened an office in Singapore, as the $122 billion sovereign wealth fund continues to expand its alternative investments beyond its east Asian home base.
KIC will manage assets locally through the Singapore office, while building… Read More>>
An affiliate of private equity giant Warburg Pincus has led a $180 million Series D investment in business park operator D&J China, as the Shanghai-based company builds up its industrial property platform across key cities in the mainland.
The capital… Read More>>
Growth in prices of new homes in China’s major cities nearly ground to a standstill in August, slowing still further from July, according to official data released on Monday, as demand suppression measures continue to lock down the housing market.
A new player has jumped into Hong Kong’s rapidly growing co-working sector, with Amsterdam-based Spaces leasing out an entire building in a prime area of the city’s Sheung Wan area to serve as a shared office venue. The deal marks… Read More>>
The Mandarin Oriental Hotel group has begun to receive offers for the Excelsior Hotel in Hong Kong’s Causeway Bay, with at least five bids reportedly valuing the four-star waterfront property at HK$30 billion ($3.8 billion).
If the 848-room Excelsior is… Read More>>
Shared office giant WeWork is suing Beijing-based rival UrWork over its “confusingly similar name” as the Chinese company prepares to launch a new centre in WeWork’s home base of New York.
WeWork, the world’s largest co-working brand, filed the suit… Read More>>
Cindat Capital Management is hungry for a bigger piece of the global hospitality market, as the Chinese private equity firm is reportedly in talks for a £500 million ($660 million) joint acquisition of Britain’s QHotels Group.
Cindat is teaming up… Read More>>
The real estate arm of Hong Kong-based investment manager PAG has reached the final closing of its latest opportunistic Asian real estate fund with $1.9 billion in investor commitments, topping its initial target of $1.5 billion.
The Secured Capital Real… Read More>>
