Asia’s community of real estate professionals heads into June with a US-based shared economy unicorn finding a China chief after a long search, and a Hong Kong-listed developer finding its new boss in the usual place where family run companies… Read More>>
Keith Hemshall Joins C&W as Head of Office Services for Hong Kong
Cushman & Wakefield has named Keith Hemshall as the international property consultancy’s Head of Office Services for Hong Kong, according to an announcement from the company. Now an Executive Director with the US-based major, Hemshall takes charge of daily operations… Read More>>
Blackstone Confirms $13.8B Sale of European Logistics Platform to CIC
Ending days of speculation and months of negotiations, Blackstone Group on Friday confirmed an agreement to sell its Logicor European logistics platform to China Investment Corporation (CIC) for €12.25 billion ($13.82 billion).
The sale by a set of funds controlled… Read More>>
Hong Kong Ranked World’s Most Competitive Economy and More Asia Real Estate Headlines
Hong Kong may be the most expensive place to live in the world, but the city seems to give some value for money, according to a new survey by a Swiss business school. Also in the news today, Hong Kong… Read More>>
Ascott REIT Buys Times Square Hotel for $106M in 3rd NYC Acquisition
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>
Perennial in Exclusive Talks to Buy Out United Engineers and More Asia Real Estate Headlines
Singapore takes centre stage in Asia’s real estate world today as the city state sees a flurry of property activity, including the impending $1.3 buyout of developer United Engineers. Also in the news, Prudential unit PGIM picks up a logistics… Read More>>
China’s CBRC Cracks Down on Trust Financing for Developers and More Asia Real Estate Headlines
Leading the news today, China has taken another step to reduce lending risks to the real estate sector, as the top banking regulator takes a tough stance against trust financing for property developers. Also, Anbang shows it’s not yet done… Read More>>
Shanghai Investors Sign A$140M Deal for Sydney Hotel and More Asia Real Estate Headlines
Leading the news today, a group of Shanghai investors used the city’s free trade zone to help shift their property buying from eastern China to New South Wales last week. Meanwhile, down in Singapore, the condo market may not be… Read More>>
Shui On Selling Chongqing Tiandi to China Vanke for RMB 4.1B
Shui On Land which developed one of China’s landmark real estate projects in Shanghai nearly two decades ago, has agreed to sell off a set of projects in Chongqing to China Vanke for RMB 4.1 billion ($598 million), according to… Read More>>
Asia Real Estate People in the News 2017-05-30
Leading off this week’s list of familiar faces in new places is a new senior executive with a Korean pension fund, and a new chairman for a Shenzhen-listed developer, as the region’s real estate professionals continue to find new job… Read More>>
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