LaSalle Investment Management is taking advantage of a newly won license to raise local currency funds in China by launching its first renminbi strategy, and has hired former PGIM Real Estate executive Matthew Jianguo Yao to run the new fund.
Keppel REIT Enters Japan Market with $60M Ginza Office Buy
Keppel REIT is entering the Japanese market with a S$85.7 million ($60.5 million) acquisition on the capital’s most famous shopping street, according to an announcement by the manager of the Singapore-listed trust late Friday.
The REIT is set to acquire… Read More>>
Blackstone Brings Fundraising for Asia Real Estate Strategy to Over $8B
Despite facing what chairman and chief executive Stephen Schwarzman calls “one of the most difficult periods for markets in decades” Blackstone has now raised $8.06 billion in committed capital for its Asia Pacific opportunistic real estate fund, according to a… Read More>>
Lendlease REIT, Manulife US REIT, JLL See Rising Competition for S-REITs
The managers of Singapore’s real estate investment trusts are bracing for headwinds amid volatile global markets, according to top executives from Manulife US REIT,… Read More>>
Blackstone’s Storefriendly JV Completes $108M Kowloon Self-Storage Buy
The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108.2 million), according to sources familiar with the deal.
A Blackstone… Read More>>
Singapore Home Sales Doubled in September and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s home sales rebound to the second-highest level this year, while Sweden’s EQT completes the acquisition of Hong Kong-based Baring Private Equity Asia. At the same time, Chinese junk bonds set a record… Read More>>
New World Keeps Revenue Steady Despite Crisis as Asset Sales Continue
New World Development is staying afloat despite Greater China’s property market slump, with its consolidated revenues having totaled HK$68.2 billion ($8.68 billion) in the year ended 30 June – down less than 1 percent from the previous year – while… Read More>>
Weave Living in Talks to Add Two More Hong Kong Hotels Totalling 797 Rooms
Weave Living is looking to expand its Hong Kong portfolio with a pair of Kowloon hotels to add to the four it has already bought so far in 2022.
The rental apartment start-up’s potential acquisitions of the Hotel Cozi Harbour… Read More>>
Hong Kong Govt Slams SHKP as ‘Delusional’ for Attempt to Block Project
Hong Kong’s Lands Tribunal criticised a legal case launched by Sun Hung Kai Properties against a development plan by one of the city’s richest men, describing its move as “delusional” and “vandalism” of the proposed project.
The dispute stems from… Read More>>
Chow Tai Fook, FEC-Backed Casino Operator Called Unfit to Operate $2.3B Brisbane Project
The operator of an A$3.6 billion ($2.3 billion) Brisbane casino project backed by Hong Kong heavyweights Chow Tai Fook Enterprises and Far East Consortium was found by an independent investigation to be unfit to run the controversial development.
A report… Read More>>
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