Property developer OUE is selling the office component of its 1.24 million square foot (115,000 square metre) OUE Downtown complex to OUE Commercial Real Estate Investment Trust (OUE C-REIT) for S$908 million ($661 million), according to a recent announcement by… Read More>>
City Developments Limited (CDL) has acquired Aldgate House, a prime commercial building in London for £183 million (approximately $239 million) from a joint venture between Hermes Investment Management and the Canada Pension Plan Investment Board (CPPIB) to continue expanding recurring… Read More>>
Chinese conglomerate and property heavyweight China Poly Group Corporation has hired Australia-listed construction company Watpac to begin construction of its A$300 million office tower in central Sydney, according to the Australian local media.
Located on 210-220 George St along the… Read More>>
Cash-strapped mainland conglomerate HNA is shedding all eight floors of its unused office space in Hong Kong’s Central district, in a bid to trim HK$12 million per month in rent from its wall of liabilities, according to sources familiar with… Read More>>
Ascendas-Singbridge has acquired a portfolio of 33 grade A US office properties from Starwood Capital, giving the Singapore-based developer its first holdings in the US market.
Dubbed “The Innovation Collection” by Starwood, the set of commercial assets is estimated to… Read More>>
Facebook has chosen Singapore as the site of its first billion-dollar data center in Asia. The region is home to the tech giant’s fastest growing market and hosts 40 percent of Facebook’s 2.23 billion monthly active users.
“We selected Singapore… Read More>>
China’s property-to-entertainment conglomerate Dalian Wanda Group is looking to raise money by potentially selling off part of its stake in AMC Entertainment Holdings, the world’s largest cinema operator, Reuters reported, citing an unnamed insider.
Wanda is said to be exploring… Read More>>
Chinese shadow banking firm, Zhongrong International Trust, has successfully exited from its first income-earning commercial property, selling the Shanghai Zhongrong Trust Building to Shanghai-based Five Bulls Fund for RMB 1.5 billion ($220 million), according to a local news report.
The… Read More>>
A social media post linking the leukemia death of an Alibaba employee living in an allegedly-formaldehyde contaminated home operated by Sequoia China and Tencent-backed Ziroom has brought a new round of pressure on the rental housing unicorn this week.
The… Read More>>