Asia real estate and outbound investment news
Shared office giant WeWork is taking over Singapore’s HSBC building after the bank moves out early next year, according to an announcement by the office tower’s landlord today.
WeWork is set to gain occupancy of the 200,470 square foot (18,624… Read More>>
A pair of funds managed by Blackstone are selling a Hong Kong-based self-storage company to a developer controlled by one of the city’s wealthiest families, according to a stock exchange announcement today.
Hanison Construction, which is majority owned by the… Read More>>
New World Development’s K11 division has won an occupancy permit for its latest Hong Kong office project, kicking off formal leasing activity for K11 Atelier King’s Road, according to an announcement by the company late last week.
The 22-storey office… Read More>>
Blackstone has some fans in Korea, as one of the North Asian nation’s largest public pension funds has decided to invest $100 million with the US private equity giant’s real estate debt fund, according to Korean media reports. That story… Read More>>
A grandson of CITIC founder and former vice president of China Rong Yiren has purchased a home in Repulse Bay from a member of Malaysia’s Kuok family for HK$113 million, according to an account in the Hong Kong Economic Times.
Seven months after filing for an initial public offering, WeWork is planning to raise as much as $4 billion in debt to refill its corporate coffers, according to news accounts citing sources familiar with the shared office provider’s discussions.
The… Read More>>
The chairman of Hong Kong-listed Future Land and mainland developer Seazen Holdings has been detained by police in Shanghai for investigation of crimes related to charges of sexually abusing a nine-year-old girl, according to a statement late yesterday by the… Read More>>
Singapore-listed real estate investment trust Suntec REIT has agreed to acquire its fourth Australian commercial property, an office project in the Sydney tech hub of Pyrmont, for A$297 million ($208 million), according to an announcement to the stock exchange.
The… Read More>>
Singapore-listed Frasers Property has agreed to sell a 50 percent stake in its namesake office building in the city’s central business district for cash compensation of S$442.7 million ($327.4 million) according to an announcement by the developer late last week.
Alpha Investment Partners has sold a 241-room hotel in Singapore’s Novena area for just under S$170 million ($125.6 million), according to sources familiar with the transaction who spoke with Mingtiandi.
The private equity division of Keppel Capital has already handed… Read More>>
