China Vanke has secured its second joint venture development project in San Francisco, according to an announcement this week by a financial institution which backed a pair of acquisitions by the top mainland developer and its San Francisco-based partner, Align… Read More>>
PGIM Real Estate Completes $159 Mil Purchase of Seoul Office Tower
PGIM Real Estate this week reported that it has completed the acquisition of the T Tower prime office building in Seoul’s central business district.
The real estate investment business of Prudential Financial investment management unit PGIM first announced in November… Read More>>
Ascendas REIT Now Singapore’s Biggest and More Asia Real Estate Headlines
Leading today’s headlines, Singapore has a new leader in its REIT race as investors bid up the value of Ascendas’ listed trust. Back in China, Vanke takes another look at rental housing and the mainland’s investment market has now surpassed… Read More>>
Gaw Closing in on $1.8 Bil in Fresh Capital for Asia Real Estate Opportunities
Gaw Capital Partners is expecting a record haul of $1.8 billion in fresh capital for its Hong Kong-based real estate investment management business, according to a report today in industry journal Private Equity Real Estate.
The new funding includes a… Read More>>
Colliers Adds Alan Fung to South China Team
Rising property values and a booming regional economy are bringing more attention to southern China’s real estate market, and global property consultancy Colliers International is adding to its team in Guangdong province as the market for commercial space continues to… Read More>>
HNA Group Moves into Media with Caijing Deal and More Asia Real Estate Headlines
Leading the news today, one of China’s biggest buyers of real estate assets is now moving into the media sector with a deal for one of the country’s best known business publications. Also in the headlines, Singapore’s CDL is making… Read More>>
Nanjing Demolition Plan Leads to 160 Divorces in Two Days
The Guinness Book of World Records doesn’t have an entry for the world’s largest mass divorce, so a group of 320 villagers in Jiangbei township in the city of Nanjing may have just missed an opportunity at gaining their portion… Read More>>
Li Ka-shing and Guo Guangchang Battle for Parking Space and More Asia Real Estate Headlines
At the top of the page today, some of Asia’s wealthiest investors are bidding for the rights to run a fleet of European parking lots. Also in the news, China’s much discussed but seldom encountered property tax has just moved… Read More>>
Far East Consortium Selling Kowloon Hotel to Nanjing Developer for HK$450M
A hotel subsidiary of Hong Kong’s Far East Consortium has agreed to sell a hotel in Hong Kong’s Mongkok area to a Nanjing-based developer for HK$450 million ($58 million) in the latest acquisition by Chinese real estate developers in the… Read More>>
Ascendas-Singbridge Breaks Ground on Joint Office Project in Singapore
Singaporean developer Ascendas-Singbridge broke ground on the redevelopment of a 500,000 square foot (46,500 square metre) office project in the city’s central business district on Friday, together with partners Mitsui & Co and Tokyo Tatemono Co.
The joint Singaporean-Japanese effort… Read More>>
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