ESR has closed on a $1 billion joint venture with longstanding partners Canada Pension Plan Investment Board (CPPIB) and Dutch pension manager APG Asset Management to develop industrial real estate projects in South Korea, as the Hong Kong-listed logistics developer… Read More>>
Movie Star’s Beauty Brand Buys Shanghai Building From Tishman Speyer for RMB 1.8B
Selling face cream is not the usual path to owning large commercial buildings but, with some help from WeChat, a Chinese beauty products brand controlled a by a celebrity couple just purchased a Pudong office block for RMB 1.76 billion… Read More>>
Alpha, Manulife Team with Indonesian Builder for $200M Warehouse JV
Singapore-based Alpha Investment Partners Limited has joined forces with a subsidiary of Manulife Financial Corporation and Indonesian warehouse specialist PT Mega Manunggal Property Tbk (MMP) for a new $200 million logistics investment in Jakarta, according to an announcement to the… Read More>>
Asia Real Estate People in the News 2020-06-15
In this week’s edition of People in the News, Shanghai-based Qingke promotes a company director to COO as the apartment rental start up , while a well-known Hong Kong real estate leader launches a new investment firm for popular travel… Read More>>
Dutch Investor Commits $65M to Nuveen APAC Fund
Nuveen Real Estate received a shot of additional capital for its Asia Pacific Cities strategy recently as an unnamed Dutch investor committed $65 million to the US-based company’s core strategy in the region.
In announcing the investment late last week,… Read More>>
JLL Names New Head of APAC Hospitality Division
JLL has promoted the CEO of its hospitality business in Asia to the top role regionally, adding Australia, New Zealand and the Pacific Island markets to the senior executive’s territory.
Mike Batchelor, a 27-year employee of the US-based commercial real… Read More>>
Expedia Said Surrendering HK$1.75M Per Month Office in Central
Just two years into a four-year lease, online travel giant Expedia is said to be surrendering its 25,000 square foot (2,322 square metre) office in The Center in Hong Kong, after the company in February announced layoffs of 3,000 staff… Read More>>
Chinachem Wins West Kowloon Site for HK$913M
Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in West Kowloon, according to an official announcement late last week.
The company led by CEO Donald Choi shouldered aside 16 other bidders to win the… Read More>>
Asia Real Estate People in the News 2020-03-31
In this week’s edition of People in the News, one of Hong Kong’s largest developers has appointed a pair of new directors to its board, with a top ten mainland builder making a similar move.
With company earnings season in… Read More>>
Hainan Officials Take the Controls as HNA Sends Distress Call
The Hainan government has moved to take direct control of HNA Group with the appointment of two state officials to leadership roles on the company’s board, according to announcements over the weekend by the financially troubled aviation and investment conglomerate.
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