Asia real estate and outbound investment news
Lendlease has hired former Ikea executive Hui Ding as its new managing director for China, reporting to Asia CEO Tony Lombardo, according to an announcement by the Australian property giant.
The ASX-listed developer said that Hui, who is based in… Read More>>
A luxury hotel deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the South Korean buyer is said to have asked for some more time to complete the $5.8 billion acquisition, as financing dries up… Read More>>
American movie theatre chain AMC Entertainment Holdings Inc is said to be close to bankruptcy, eight years after Chinese conglomerate Dalian Wanda bought the Kansas-based company for $2.6 billion.
Shares in the NYSE-listed firm closed down 20 percent to $2.08… Read More>>
Big Data Exchange, the data centre platform of Hong Kong internet provider HGC Global Communications, has completed the acquisition of its first facility outside of Greater China as part of a A$160 million ($102 million) deal as the company looks… Read More>>
A Softbank-backed hotel company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the budget accommodation chain has furloughed thousands of staff.
In other news around the region, sliding home rents in one… Read More>>
Hong Kong-based investment manager PAG has achieved a final close of $2.75 billion in investor commitments for its latest opportunistic Asia real estate investment vehicle, exceeding the fund’s $2 billion minimum target by more than one third, Mingtiandi has come… Read More>>
Logos Group has formed a joint venture with a global institutional investor which Mingtiandi now understands to be Singaporean sovereign wealth fund GIC, as the Aussie warehouse developer extends its reach in New Zealand.
Logos announced yesterday that its new… Read More>>
A scandal-hit coffee company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the co-founder of a BlackRock-backed chain of skinny latte outlets may be stepping back from his other ventures to prevent… Read More>>
City Developments Limited has aligned itself with Paris-based asset manager Tikehau Capital and the family office of Singapore billionaire Arvind Tiku in a set of transactions that takes their combined holdings in IREIT Global to over 50 percent, according to… Read More>>
Singapore’s landlords are bracing themselves for the biggest financial crisis of the century, with office leasing demand and property investment already disappearing as a result of the COVID-19 pandemic.
In a report released yesterday, Cushman & Wakefield said that office… Read More>>
