Despite home prices having risen by more than half over the past decade, nearly 81 percent of mainland China residents in a recent survey say that couples should buy a home before marriage.
The poll published last week by property… Read More>>
Singapore’s Straits Trading Buys UK Business Park for £76.7M
Singapore’s Straits Trading has revived the island nation’s romance with UK real estate with an announcement late yesterday that it had purchased a business park near London for approximately £76.7 million ($101 million) in cash.
The SGX-listed investment firm purchased… Read More>>
Hong Kong’s Cassette King Sells Stake in the Center at 35% Off
One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office building in Hong Kong’s Central district in November 2017 has just sold a chunk of his holdings in the 73-storey… Read More>>
GLP Launches $2.6B Open-Ended Japan Logistics Fund
GLP today announced the launch of a JPY 280 billion ($2.6 billion) Japan logistics vehicle as demand for warehouse assets in core markets continues to grow among institutional investors.
The company, which is the second-largest logistics developer in the world… Read More>>
Hong Kong Tenants Hand Back Offices for 12th Straight Month
The amount of office space leased in Hong Kong contracted for the twelfth straight month in July as a combination of economic uncertainty, public health emergencies and political tension kept tenants on the sidelines of the world’s most expensive real… Read More>>
Asia Real Estate People in the News 2020-08-24
Role changes in Hong Kong, Shanghai, Singapore and London feature in this week’s collection of people moves here on Mingtiandi, as we track yet another WeWork veteran seeking greener pastures and a board member at Vanke’s overseas unit moving on… Read More>>
New World Selling HK Bus Biz for $410M and More Asia Real Estate Headlines
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>>
CEO of Cromwell-Backed Data Centre Platform Previously Convicted of Stealing From Clients
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>>
Hines JV Wins $346M Loan for India Office Project and More Asia Real Estate Headlines
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>>
Fosun Set to Lose 20% Cirque du Soleil Stake and More Asia Real Estate Headlines
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>>
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