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Michael Cole

Seung Youn Kim, Chairman

Korea Deal Streak Continues as Hanwha Sells Gangnam Office Building for $242M

2024/04/15 by Michael Cole Leave a Comment

Korea’s Hanwha Asset Management has sold an office tower in Seoul’s Gangnam business district for $242 million as the Korean capital continues to rank among Asia’s regional hotspots for commercial property transactions.

The Seoul-based investment manager agreed last month to… Read More>>

Choi Jae-joon goldman

Asia Real Estate People in the News 2024-04-15

2024/04/15 by Michael Cole Leave a Comment

New leadership for a top investment bank’s Korea business leads this week’s collection of real estate headlines from around Asia Pacific, with DWS also making the list with an Aussie upgrade. Back in the US, Lone Star names a new… Read More>>

Hiew Yoon Khong of Mapletree

Mapletree Buys $1.3B European Student Housing Portfolio From Cuscaden Peak

2024/04/12 by Michael Cole Leave a Comment

Singapore’s Mapletree Investments continues to expand its global portfolio of student housing with the unit of Temasek Holdings announcing on Friday that it has acquired 31 purpose-built student accommodation (PBSA) assets in Europe from its compatriots at Cuscaden Peak Investments.

… Read More>>

Truong My Lan

Boss of Vietnam’s Van Thinh Phat Condemned to Death for $27B Embezzlement Scheme

2024/04/11 by Michael Cole Leave a Comment

The boss of a Vietnam property investment firm was found to have cheated 42,000 investors and sentenced to death in Ho Chi Minh City on Thursday with the government saying her actions led to over VND 677 trillion ($27 billion)… Read More>>

NTUC Enterprise chief executive Adeline Sum

Singapore’s NTUC Selling Commercial Building Near Dhoby Ghaut for $109M

2024/04/09 by Michael Cole Leave a Comment

Singapore’s NTUC Enterprise is continuing the sell-down of its property holdings with a deal to dispose of an office building near Dhoby Ghaut MRT interchange for S$147 million ($109 million), according to sources familiar with the transaction who spoke with… Read More>>

Stephen Gaitanos of Scape

APG, Ivanhoe Cambridge Back Scape in $658M Aussie Student Housing JV

2024/04/09 by Michael Cole Leave a Comment

Australia’s largest owner and operator of student housing is about to move up a grade with Scape announcing today that it has formed a fresh A$1 billion ($658 million) joint venture with the Netherlands’ APG Asset Management and Canadian pension… Read More>>

Masataka Miyazono, president of the Government Pension Investment Fund (GPIF) (Getty Images)

APG Launches Infrastructure Investment Partnership with Japan’s GPIF

2024/04/09 by Michael Cole Leave a Comment

Dutch pension fund manager APG Asset Management is teaming up with Japan’s GPIF to pursue opportunities to invest in infrastructure in developed markets, as capital from Asia’s second largest economy continues to play a bigger role on the global stage.

… Read More>>

Rahul Rana

Asia Real Estate People in the News 2024-04-06

2024/04/08 by Michael Cole Leave a Comment

New leadership at one of Singapore’s troubled REITS of US office properties leads this week’s roundup of personnel moves from around the region. Also making the list is a new asset management boss for one of the most active office… Read More>>

Edmond Ip CK

Asia Real Estate People in the News 2024-04-01

2024/04/01 by Michael Cole Leave a Comment

The first quarter has come to a close and a number of Hong Kong-based real estate and investment companies have named new leadership to guide them through the final nine months of 2024 with Mingtiandi rounding up senior personnel moves… Read More>>

Chris Kim Head of Blackstone Real Estate Korea

Blackstone Sells Seoul’s Arc Place to Koramco Fund for $588M

2024/03/31 by Michael Cole Leave a Comment

Blackstone has closed on Korea’s biggest real estate asset transaction of this year, with the company confirming that it has sold Arc Place in Seoul to local fund manager Koramco.

The 62,748 square metre (675,414 square foot) property is changing… Read More>>

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