Chiang Wei Ng is the Head of Asset Management of Allianz Real Estate Asia-Pacific. He joined the company in 2019 and is based in Singapore. Prior to joining Allianz, he was Vice President Asset Management at Goldman Sachs. Chiang Wei… Read More>>
Speaker Bio: CK Tong of BW Industrial MTD TV Productions
C.K Tong is the Chief Executive Officer of BW Industrial Development JSC (BW) – a leading for rent industrial development platformed backed by Warburg Pincus and Becamex. C.K’s core responsibility is to lead and manage the firm’s growth strategy to… Read More>>
Warburg Pincus-Backed Weave Co-Living Expands into Singapore via S$150M JV
A Hong Kong-headquartered co-living firm that owns and operates over $300 million of assets in its home city is expanding its operations internationally with a S$150 million ($108.1 million) equity investment in Singapore.
“The strategy is to go and acquire… Read More>>
Blackstone Invests $150M in Mainland Data Centre Developer 21Vianet
Blackstone Group early this week announced that it had invested RMB 1.06 billion ($150 million) for a stake in NASDAQ-listed Chinese data centre developer 21Vianet Group through a private placement.
The investment makes the US fund manager one of the… Read More>>
Hong Kong Office Rents Fell 2.2% in May as Vacancies Reached 12-Year High
With uncertainty plaguing Hong Kong’s economy as political unrest and the lingering effect of the coronavirus pandemic continues to hamper business, rents slid 2.2 percent in May and vacancies reached numbers not seen since the global financial crisis of 2008.
Knight Frank Appoints New Consultancy, Research Heads in Singapore
Real estate brokerage firm Knight Frank announced this week that it is bolstering its consultancy and research teams in Singapore by bringing on a pair of industry veterans to lead each department.
The company’s group managing director in the country… Read More>>
SGX-Listed Eagle Hospitality Trust Reveals Fresh Defaults, Liens
Cash-strapped and handcuffed by the pandemic, Eagle Hospitality Trust announced its latest series of defaults and litigation in a filing to the Singapore Exchange on Sunday.
EHT, comprised of Eagle Hospitality REIT and Eagle Hospitality Business Trust, said that the… Read More>>
Asia Real Estate People in the News 2020-06-22
In this week’s edition of People in the News, workspace sharing giant WeWork expands the role of a company director in Shanghai, while Barings snaps up a longtime Challenger Real Estate hand to head its Asia Pacific real estate operations… Read More>>
WeWork Gives Up Location in Hong Kong’s Central, City Footprint Cut by 30%
WeWork continues to struggle in the world’s most expensive office market as Industry sources confirmed to Mingtiandi late this past week that the shared workspace provider has abandoned it fourth location in the city since late last year.
After having… Read More>>
ESR Closes on $1B Korea Logistics JV with APG, CPPIB
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>>
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