In today’s roundup of regional news headlines, Shanghai-backed Greenland Holdings rattles markets with its proposal to delay a bond redemption by one year, while defaulting developer China Evergrande unveils its own scheme to compensate offshore debt holders.
Singapore Land Group (SingLand) announced Thursday that it has received provisional approval to refurbish its Raffles Place headquarters into a new building which could reach as high as 50 storeys, as office rents continue to rise in the city-state’s central… Read More>>
Chinese video-sharing service TikTok agreed to lease 4,800 square metres (51,667 square feet) in the tallest office tower in Sydney during the first quarter of 2022, as tenants across Australia upgrade to premium spaces amid a struggle to attract staff… Read More>>
In today’s roundup of regional news headlines, Japanese developer Hulic eyes construction of a data centre in Tokyo’s Nihonbashi area, China Resources Land obtains a one-year credit facility, and a director of Singapore-listed Hwa Hong voices concerns about the property… Read More>>
City Developments Ltd is optimistic that Singapore’s property market will remain resilient even as government cooling measures and an absence of new launches dragged down the developer’s domestic sales in the first quarter of 2022 to S$477.9 million ($348.2 million),… Read More>>
In today’s roundup of regional news headlines, the newly formed ESR-Logos REIT plans to dispose of three buildings near Sydney, department store operator Wangfujing strikes a deal to acquire an outlet store in Hainan, and more data centres are on… Read More>>
Shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have approved a S$4.22 billion ($3.07 billion) merger, which creates the Singapore exchange’s third largest REIT, after sponsor Mapletree Investments sweetened the deal with an all-cash payout… Read More>>
In today’s roundup of regional headlines, warehouse specialist ESR exits its investment in China Logistics Property and obtains a green loan, while home-sharing giant Airbnb announces plans to scrap its China listings.
ESR Sells China Logistics Property… Read More>>
In today’s roundup of regional news headlines, China’s Jinke Smart Services Group is reportedly acquiring rival property manager Jiayuan Services Holdings, Hong Kong-based Kowloon Development agrees to buy a Zhuhai commercial project, and mainland property loan growth slows to its… Read More>>
Another acquisition could be on the way for the world’s largest real estate fund manager as Blackstone has won approval for its $6.3 billion bid for Australia’s Crown Resorts, with that story leading our roundup today. Also in the news,… Read More>>