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Michael Cole

nws bus

New World Selling HK Bus Biz for $410M and More Asia Real Estate Headlines

2020/08/22 by Michael Cole Leave a Comment

After selling some of its peripheral property holdings in Hong Kong during June, New World Development seems to be freeing up more cash with an agreement to sell off its Hong Kong bus franchises to a private equity fund managed… Read More>>

nigel clarkson Stratus

CEO of Cromwell-Backed Data Centre Platform Previously Convicted of Stealing From Clients

2020/08/21 by Michael Cole Leave a Comment

Australia’s Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europe’s fast-growing data centre sector.

However,… Read More>>

One Horizon Center

Hines JV Wins $346M Loan for India Office Project and More Asia Real Estate Headlines

2020/08/20 by Michael Cole Leave a Comment

Leading today’s real estate news, US developer Hines has won a loan for an office project in northern India, while a Korean REIT buys up 20 floors of a central Seoul high rise.

Also in the headlines, Singapore’s Millennium &… Read More>>

guo guangchang

Fosun Set to Lose 20% Cirque du Soleil Stake and More Asia Real Estate Headlines

2020/08/19 by Michael Cole Leave a Comment

Less than a year after Fosun saw its bet on the UK’s Thomas Cook end up in bankruptcy, the Shanghai-based investment firm is watching another bet on leisure spending head down the drain as creditors of Cirque du Soleil prepare… Read More>>

trent iliffe

Logos Enters Vietnam with $350M Logistics Development JV

2020/08/19 by Michael Cole Leave a Comment

Logistics development specialist Logos Property has entered the Vietnam market with a $350 million joint venture with an unnamed global institutional investor, according to an announcement by the Sydney-based firm today.

The ARA Asset Management-backed warehouse builder and fund manager,… Read More>>

xu jiayin

Evergrande Shares Plunge as Income Drops 46% and More Asia Real Estate Headlines

2020/08/18 by Michael Cole Leave a Comment

Soon after announcing a spin-off plan that could bring in $3 billion, China Evergrande Real Estate released a profit warning on Monday that could keep the finances of the indebted developer on edge after net income dropped to just RMB… Read More>>

Rushabh Desai, CEO Allianz Real Estate Asia Pacific

Allianz Buying Tokyo Apartment Portfolio for $160M

2020/08/17 by Michael Cole Leave a Comment

Allianz Real Estate announced today that it has agreed to spend $160 million to add to its portfolio of Japanese apartments on behalf of its APREAP Core 1 Fund.

The property investment unit of the European insurance giant is acquiring… Read More>>

Jeremy Deutsch Equinix

Equinix Spent $252M Buying Singapore, India Data Centres Last Week

2020/08/17 by Michael Cole Leave a Comment

As demand for cloud services heats up in Asian markets, data centre developer and operator Equinix has struck a deal to purchase a server facility in Singapore, just days after purchasing a pair of similar properties in India.

In Singapore,… Read More>>

Takehiko Uehara Patrizia

Asia Real Estate People in the News 2020-08-17

2020/08/17 by Michael Cole Leave a Comment

New appointments in Tokyo, Shanghai, Hong Kong and Singapore feature in this week’s collection of people moves documented on Mingtiandi, as a German investment manager consolidates its Japanese operation and a Malaysian developer names a new chief of finance. There… Read More>>

wangjing soho

Soho China Declares Blackstone Buyout Deal DOA and More Asia Real Estate Headlines

2020/08/16 by Michael Cole Leave a Comment

The coronavirus appears to have claimed another victim with Soho China declaring that its proposed deal with Blackstone to privatise the company had fallen apart as real estate markets struggle with shifts in valuation.

While that transaction… Read More>>

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