One of the largest data centre operators in the US is expanding its India footprint with the news of Equinix’ latest Mumbai location leading today’s roundup of headlines. Also in the news, Hong Kong’s Hysan keeps profits steady despite some… Read More>>
Hongkong Land Denies $2B Exchange Square Sale Plan as Savills Sends Flyers
The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.
Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>
China’s Country Garden Misses Bond Payments Amid Cash Crunch
Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by sales closer to formal default and raising the spectre of a fresh round of failures in the mainland’s property industry.
The Foshan-based… Read More>>
Wanda Vice President Detained by Police Over Reported Corruption
China’s Dalian Wanda Group is facing a new challenge this week as a senior vice president with the country’s largest commercial developer has been taken away by police in what is said to be a corruption case.
Sources at Wanda… Read More>>
GIC, ADIA Said in Talks Over Blackstone India Assets and More Asia Real Estate Headlines
Sovereign funds lead today’s roundup of real estate headlines from around the region as Blackstone is said to be in talks with potential buyers for some of the firm’s India holdings. Also making the news, Asia’s richest man sells his… Read More>>
PAG Confirms $1.8B Fund as Largest APAC Core-Plus/Value-Add Vehicle This Year
PAG Real Assets on Tuesday confirmed its $1.8 billion final closing on its PAG Real Estate Partners Fund III (PREP III), with the real estate and digital infrastructure division of one of the region’s largest private equity firms declaring a… Read More>>
PDG Unveils Green Energy Deal for Indonesia Data Centre and More Asia Real Estate Headlines
Green energy in Indonesia leads today’s collection of regional real estate headlines as a Warburg Pincus-backed data centre operator continues to expand in Southeast Asia’s most populous nation. Also in the news, the Chinese owners of Global Switch may need… Read More>>
PAG Completes $258M Sydney Office Buy, Hits $1.8B Close on Core-Plus/Value-Add Fund
PAG has acquired an office tower in central Sydney for A$393.1 million ($257.8 million), with the Asian private equity major taking advantage of a downturn in the Aussie market to pick up the property at a discount.
The Hong Kong… Read More>>
CK Asset Price Cuts Could Start HK Home Price War and More Asia Real Estate Headlines
A price cut at a CK Asset project in Hong Kong leads today’s set of headlines from around Asia’s real estate industry as analysts ponder prospects for a developer price war. Also making the list is a debt restructuring plan… Read More>>
Asia Real Estate People in the News 2023-08-07
Infrastructure is in style and one of Canada’s largest pension funds leads this week’s collection of personnel moves from around Asia Pacific with its appointment of a new head of infrastructure overseeing its global operations. Also the making the list… Read More>>
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