Nearly five years after paying what was then a record RMB 31.05 billion ($4.5 billion) for a development site in Shanghai’s Xuhui district, Hongkong Land has unveiled details of an $8 billion commercial project on the plot that marks the… Read More>>
ESR Launches $354M IPO of China Logistics REIT
Five months after receiving the go-ahead from China’s top securities regulator for its inaugural mainland-listed trust, ESR Group has launched the initial public offering for a Shanghai REIT listing that could raise as much as RMB 2.6 billion ($354 million).
Japan’s SMBC Bids $190M for Nuveen-Controlled London Office Block
Japanese banking giant Sumitomo Mitsui Banking Corporation (SMBC) is bidding to buy a London office block controlled by US investment manager Nuveen Real Estate, as investors from Asia’s second largest economy grow their appetites for UK commercial properties.
Tokyo-based SMBC… Read More>>
Receivers Sell Former Cheung Kei Hong Kong HQ at 62% Off as Banks Take Haircut
Hong Kong Metropolitan University (HKMU) has agreed to buy a Kowloon office building that once served as the Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the asset lost nearly two thirds of its value… Read More>>
Hong Kong’s Gale Well Group Marketing $202M Portfolio as Founder Calls for a Time Out
Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties worth around a combined HK$1.6 billion ($202 million), as the privately held company’s founder declares plans to take… Read More>>
Gaw Capital Checks Out of Hotel California with 76% Haircut
Gaw Capital Partners has sold a hotel in California’s Bay Area for a quarter of what it paid to acquire the property eight years ago, as hospitality occupancy and revenue in the tech hub struggle to recover to pre-pandemic levels.
Apollo Opens Seoul Office, Names Jay Hyun Lee Head of Korea
Apollo Global Management is signaling its growth ambitions in South Korea with the opening of a Seoul office and the hiring of Jay Hyun Lee to oversee its operations in the country.
Lee is joining the New York-based alternative investment… Read More>>
CPPIB, Pacific Asset Management in $714M JV for Second Korea Data Centre
Less than three months after teaming with Blackstone for the $16 billion buyout of Australia’s AirTrunk, the Canada Pension Plan Investment Board (CPPIB) is continuing its Asia Pacific digital infrastructure push with the formation of a KRW 1 trillion ($714… Read More>>
Bids for Chinese Estates London Property Said to Fall 35% Below Asking Price
Chinese Estates Holdings is said to have received bids as low as 35 percent below asking price for an office block in London’s West End, as the Hong Kong-based developer plans to divest one of its last remaining UK investment… Read More>>
Goldman Sachs Acquires Japan Apartments From CapitaLand Ascott Trust for $89M
Goldman Sachs has expanded its Japanese multi-family portfolio with a JPY 12.7 billion ($89 million) acquisition of a 389-unit rental residential property in Fukuoka from SGX-listed CapitaLand Ascott Trust.
The purchase by Goldman Sachs Alternatives, a unit of Goldman’s asset… Read More>>
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