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Michael Cole

James Lim Capitaland

CapitaLand Reaches $391M First Close on Value-Add Office Fund

2019/04/22 by Michael Cole Leave a Comment

CapitaLand has reached a $391 million first close on its first ever discretionary equity investment fund, according to an announcement today by the Singaporean real estate giant.

The CapitaLand Asia Partners I (CAP I) fund, is dedicated to value-add office… Read More>>

Lt-Gen (Retd) Winston Choo Wee Leong

CDL, Alpha JV Selling Singapore Office Blocks in S$395M Deal

2019/04/20 by Michael Cole Leave a Comment

City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at a reported S$395 million ($291.5 million) valuation, marking the second divestment from a joint venture between the listed developer and the… Read More>>

Zhou Zheng

GIC, COFCO Said Piloting Mainland REIT and More Asia Real Estate Headlines

2019/04/20 by Michael Cole Leave a Comment

The launch of India’s first REIT last month may have served as a wake up call for Chinese regulators, who have been millimetring toward listed property trusts for more than a decade, but now seem ready to launch a pilot… Read More>>

Christian Lee

WeWork Said to Back Out of Five Hong Kong Lease Deals and More Asia Real Estate Headlines

2019/04/18 by Michael Cole Leave a Comment

Mainland investors are back in a buying mood, according to news reports from China today, but the world’s biggest co-working provider may be feeling suddenly budget-conscious in Hong Kong a new account from Reuters says. Meanwhile in Singapore, the landlords… Read More>>

tony tang blackrock

BlackRock Names Tony Tang Head of China

2019/04/17 by Michael Cole Leave a Comment

Asset management giant BlackRock on Wednesday named veteran finance executive Tony Tang as its new head of China, as the US-based firm continues to ramp up its presence in the world’s second-largest economy.

The 46-year-old, who since May last year… Read More>>

Mark Dixon IWG

Regus Parent IWG Sells Japan Business for £320M in Shift to Franchise Model

2019/04/16 by Michael Cole Leave a Comment

IWG, the parent company for Regus has agreed to sell its Japanese business for £320 million ($446 million) as the flexible office provider shifts toward a franchise model.

The London-listed firm is selling 100 percent of the equity in the… Read More>>

31 Queen Street Melbourne

AEW Buys Melbourne Office Tower for A$200M and More Asia Real Estate Headlines

2019/04/16 by Michael Cole Leave a Comment

Events in Australia, India and Japan command top coverage in Asia’s real estate industry today with US fund manager AEW adding a Melbourne office tower to its portfolio down under, while warehouse giant ESR takes on another Tokyo area project… Read More>>

Wee Cho Yaw

Singapore’s UOL Pays S$675.3M to Buy Out Marina Bay Partners

2019/04/15 by Michael Cole Leave a Comment

Listed developer UOL and its subsidiary, United Industrial Corp (UIC), have agreed to pay S$675.3 million ($499.26 million) to take 100 percent ownership of the Marina Square shopping centre and the Marina Mandarin hotel in Singapore.

The pair of companies… Read More>>

vickie zheng JLL

Asia Real Estate People in the News 2019-04-15

2019/04/15 by Michael Cole Leave a Comment

Brokers, facility managers and marketing folks lead Mingtiandi’s list of personnel changes in Asia’s real estate world this week as a Jardines Matheson Group veteran takes over responsibilities for the Hong Kong conglomerate’s web of Hong Kong retail shops and… Read More>>

ye jianming

Troubled Mainland Investor Sells Wan Chai Office Floors for HK$1.8B in Liquidation Sale

2019/04/13 by Michael Cole Leave a Comment

Troubled investors from mainland China continue to generate activity in Hong Kong’s real estate market, with a set of three office floors belonging an energy firm having recently sold in Wan Chai just over a year after the company’s chairman… Read More>>

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