China’s 1.3 billion people need more places to stay as they increasingly hit the road and a plan by the parent company of Holiday Inn hotels to build 300 new hotels to house these mainland travellers leads today’s real estate… Read More>>
Cushman & Wakefield Files for Potential $1B IPO
Cushman & Wakefield, the globe-straddling property brokerage and services giant, on June 20th filed for an initial public offering (IPO) with the US Securities and Exchange Commission, which could value the company at over $5 billion, according to sources cited… Read More>>
Philip Levinson to Step Down as CEO of Cromwell EREIT Management
Philip Levinson will be stepping down as CEO of Cromwell EREIT Management, less than a year after taking the helm at the manager of Singapore-listed Cromwell European Real Estate Investment Trust.
The REIT manager announced that Levinson will resign on… Read More>>
Benoy Names New Director for Hong Kong Studio
Global design firm Benoy has promoted Teri Tsang, an eleven-year veteran of their team, to Director in their Hong Kong studio. The new role comes after Tsang led design teams for some of the company’s biggest projects in Hong Kong,… Read More>>
NE China Property Booms as North Korea Thaws and More Asia Real Estate Headlines
At the top of Asia’s property news today, the diplomatic outcome of the recent US-North Korean summit in Singapore has yet to be measured, but political event is already paying big dividends for Chinese property owners near the North Korean… Read More>>
Blackstone, Embassy Prepare for $1B IPO of India’s First REIT
Private equity giant Blackstone and Bangalore’s Embassy Group are getting ready to list India’s first real estate investment trust as they target a $1 billion September IPO for a joint venture business park porfolio.
The New York-based investment group and… Read More>>
LaSalle Takes $1.2B Asia Fund to Disneyland for Tokyo-Area Hotel Buy
LaSalle’s latest Asia opportunity fund has acquired a hotel near Tokyo Disneyland. The real estate investment group announced the investment in the 216 room, eight-storey asset as an opportunity to profit from a Japanese tourism boom as inbound traveller numbers… Read More>>
Dr M Takes Aim at Country Garden Johor Project and More Asia Real Estate Headlines
Pushback against a mainland-led investment boom plays into a number of stories dominating Asia’s real estate markets today, as decision-makers in Malaysia, Australia and New Zealand struggle to manage an influx of Chinese capital into their housing and commercial markets…. Read More>>
Colliers Boosts Japan Team with Senior Valuation, PM Hires
Global property brokerage Colliers International is beefing up its valuation and project management capabilities in Japan with a pair of senior hires. The Toronto-headquartered firm has appointed Masahiro Fuse to lead its Valuation & Advisory Services team in Japan, while… Read More>>
Singapore’s Ho Bee Land Buys London Office Block for £650M
Singapore’s Ho Bee Land has agreed to acquire a property in London that increases its already sizeable holdings in the European financial capital by about 50 percent.
The £650 million ($864 million) acquisition of Ropemaker Place, a 21-storey office building,… Read More>>
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