Singapore’s CapitaLand has been building apartments in Vietnam for over two decades. Now the biggest developer in southeast Asia is flexing its muscles in the country’s commercial real estate market by closing its first commercial fund targetting the Vietnam market… Read More>>
Wanda Flips Newly Purchased $605M London Site to R&F, CC Land
Dalian Wanda Group today said that it no longer has possession of a £470 million London housing project, with sources familiar with the newly transferred property indicating that the Chinese developer has transferred the Nine Elms Square site to a… Read More>>
Anbang’s Head of Real Estate Steps Down Two Months After Boss Detained
After presiding over one of the world’s biggest strings of cross-border real estate transactions from 2015 to 2017, Anbang chairman Wu Xiaohui disappeared into detention in early June.
Now, some two months later the head of real estate for the… Read More>>
Wanda Moves Forward With $605M London Deal Despite Govt Curbs
China’s clampdown on outbound investment hasn’t stopped Wanda Group from moving ahead with at least one overseas real estate project, as the Beijing-based conglomerate has completed its £470 million ($605.3 million) acquisition of Nine Elms Square in London.
Wanda has… Read More>>
Ng Hsueh Ling Joins Lendlease as Singapore Managing Director
Australian property and infrastructure group Lendlease is ramping up its Asia leadership team by hiring Ng Hsueh Ling, former chief of Keppel REIT Management, as Managing Director for Singapore and Chief Investment Officer for Asia, the company has announced.
Ng,… Read More>>
Ascendas-Singbridge Buys Downtown Sydney Tower for $200M
Singapore’s Ascendas-Singbridge is buying a landmark office tower in downtown Sydney for A$252 million ($200 million), marking its second office acquisition in Australia.
The state-backed commercial developer announced on Friday that it has agreed to acquire 66 Goulburn Street, a… Read More>>
LaSalle Secures $335M, Targets $1B for New Asia Fund
LaSalle Investment Management, the US-based real estate investment firm, is boosting the fundraising target for its Asia Opportunity V Fund (LAO V) amid strong demand from institutional investors for the region’s property assets.
Launched in August of last year, LAO… Read More>>
Blackstone Closes in on CRT Buyout And More Asia Real Estate Headlines
At the top of today’s news, US private equity giant Blackstone has received approval in principle to acquire Japanese shopping mall portfolio Croesus Retail Trust for around $650 million. Also in the headlines, Chinese-backed builder John Holland has picked up… Read More>>
New World Grabs 3rd Cheung Sha Wan Site for HK$3B
New World Development has picked up its third commercial site this year in the Cheung Sha Wan area of Hong Kong for HK$2.97 billion ($380 million), bringing its total 2017 land purchases in the Kowloon neighbourhood to HK$15 billion ($1.92… Read More>>
Cross-Border Listings Portal Juwai Shakes Up Leadership Team Again
Juwai.com, China’s largest international property portal, is seeing its second major leadership change as Carrie Law comes on board as CEO, replacing Charles Pittar, while Georg Chmiel takes the reins as chairman, succeeding outgoing chairman Richard Kuo.
The new pair… Read More>>
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