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Goodwin Gaw of Gaw Capital Partners 1

Gaw Capital Set to Buy Back San Francisco Offices From Blackstone at Two-Thirds Off

Goodwin Gaw of Gaw Capital Partners 1

2023/10/08 by Michael Cole Leave a Comment

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office project it sold to Blackstone in 2018 for two-thirds off the price from that earlier transaction.

Gaw Capital Partners is… Read More>>

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office … Read more>>>

Singapore’s CDL Buys 25 Tokyo Apartment Buildings From BGO for $230M

2023/09/28 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature… Read More>>

City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager … Read more>>>

Michael Mai ICD

Singapore’s Well Smart Picks Up $323M Sydney Hotel Project

Michael Mai ICD

2023/09/03 by Beatrice Laforga Leave a Comment

Singapore-based Well Smart Investment Holdings is acquiring a Sydney hotel project from Chinese-owned developer ICD Property and local firm Belingbak with plans to repurpose the planned A$500 million ($323 million) hotel and residential tower as a hospitality-only development.

Controlled by… Read More>>

Singapore-based Well Smart Investment Holdings is acquiring a Sydney hotel project from Chinese-owned developer ICD … Read more>>>

Indonesia’s Karim Family Buys Former Bank of China HQ in Sydney for $34M

2023/08/31 by Beatrice Laforga Leave a Comment

Invictus Developments has acquired the former Bank of China Australian headquarters in Sydney for A$52.5 million ($34 million) with plans to convert the 15-storey tower into a luxury hotel as the Singapore-based investment firm assembles a portfolio of Aussie hospitality… Read More>>

Invictus Developments has acquired the former Bank of China Australian headquarters in Sydney for A$52.5 million ($34 … Read more>>>

Singapore-Listed Thakral Sells Osaka Hotel Stake, Eyes More Japan Divestments

2023/08/29 by Beatrice Laforga Leave a Comment

Thakral Corp has sold its 50 percent stake in a 120-key business hotel in Osaka for an undisclosed sum as the Singapore-listed investment firm continues to scale back its exposure to Japanese real estate.

The firm, whose businesses span real… Read More>>

Thakral Corp has sold its 50 percent stake in a 120-key business hotel in Osaka for an undisclosed sum as the … Read more>>>

Serena Teo Ascott

CapitaLand Ascott Trust to Buy Hotels in London, Dublin, Jakarta for $268M

Serena Teo Ascott

2023/08/02 by Beatrice Laforga Leave a Comment

Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in Southeast Asia for a total of S$357.8 million ($267.5 million) as it moves to profit from a global travel rebound.

The… Read More>>

Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in … Read more>>>

Worldwide Hotels boss Choo Chong Ngen

Worldwide Follows Singapore Record Deal with $113M Melbourne Hotel Buy

Worldwide Hotels boss Choo Chong Ngen

2023/07/09 by Beatrice Laforga Leave a Comment

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group has followed up with an A$170 million ($112.8 million) buy of a high-rise hotel in downtown Melbourne from one of its compatriots.

… Read More>>

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group … Read more>>>

20 Canada Square London

Receivers Take Over Second Cheung Kei London Property as Asset Seizures Mount

20 Canada Square London

2023/06/11 by Christopher Caillavet Leave a Comment

Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to a recent string of asset forfeitures that include a pair of Hong Kong homes formerly owned by Cheung Kei boss Chen Hongtian.

… Read More>>

Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to … Read more>>>

B&M Claye-Souilly

Singapore’s IREIT Buying 17 French Retail Properties for $82M

B&M Claye-Souilly

2023/06/01 by Christopher Caillavet Leave a Comment

Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million ($82 million), as the Europe-focused trust continues to diversify its holdings beyond the office sector.

Classified as out-of-town retail parks, the freehold… Read More>>

Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million … Read more>>>

Chen Hongtian of Cheung Kei

China’s Cheung Kei Talks Up Investment Plan for Seized London Office Building

Chen Hongtian of Cheung Kei

2023/06/01 by Beatrice Laforga Leave a Comment

Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill Place in London, in a statement released just days after it was revealed that the Canary Wharf office… Read More>>

Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill … Read more>>>

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