New World Development is selling a shopping centre in Hong Kong’s Tsuen Wan area to Chinachem Group at a one-third discount from … Read more>>
Stonepeak Beats Target With $3.3B Final Closing of Maiden Asia Infrastructure Fund
US private equity firm Stonepeak has reached a final closing of its first Asia infrastructure fund with capital commitments of $3.3 billion, exceeding the vehicle’s hard cap of $3 billion.
The fund represents Stonepeak’s first dedicated Asia strategy and targets… Read More>>
US private equity firm Stonepeak has reached a final closing of its first Asia infrastructure fund with capital … Read more>>>
SF REIT Revenue Growth Not Enough to Overcome Fair Value Shift
SF REIT reported a 50 percent decline in net profit in 2023 despite positive revenue growth, as the industrial trust controlled by mainland logistics and transport giant SF Holding saw a smaller gain from fair value changes on investment properties… Read More>>
SF REIT reported a 50 percent decline in net profit in 2023 despite positive revenue growth, as the industrial trust … Read more>>>
Swire Properties Profit Plunges 67% on Markdowns Despite Retail Rebound
Swire Properties reported an attributable net profit of HK$2.6 billion in 2023, marking a 67 percent decline from a year prior as a HK$4.4 billion fair value loss on investment properties dented the Hong Kong-listed developer’s bottom line, according to… Read More>>
Swire Properties reported an attributable net profit of HK$2.6 billion in 2023, marking a 67 percent decline from a year … Read more>>>
Ontario Teachers’ Posts 1.9% Return as Property Losses Widen
The Ontario Teachers’ Pension Plan reported a net return of 1.9 percent for 2023, as a 20 percent gain in public equities was offset by losses in infrastructure and real estate.
The Canadian fund’s net assets grew to C$247.5 billion… Read More>>
The Ontario Teachers’ Pension Plan reported a net return of 1.9 percent for 2023, as a 20 percent gain in public … Read more>>>
Moody’s Withdraws China Vanke Issuer Rating, Assigns Junk-Level Corporate Score
Moody’s Investors Service has withdrawn its issuer rating for China Vanke, assigned a speculative-grade rating to the state-backed builder’s corporate family and downgraded Vanke bonds further into junk territory.
The rating actions reflect the view that Vanke’s credit metrics, financial… Read More>>
Moody’s Investors Service has withdrawn its issuer rating for China Vanke, assigned a speculative-grade rating to the … Read more>>>
S&P Goes Negative on Mirae, KIS as Korean Property Bets Turn Sour
S&P Global Ratings has lowered its outlook to negative on Mirae Asset Securities and Korea Investment & Securities, with the agency flagging the Korean brokerages’ exposure to struggling property markets at home and overseas.
S&P cut its rating outlook from… Read More>>
S&P Global Ratings has lowered its outlook to negative on Mirae Asset Securities and Korea Investment & … Read more>>>
ESR Selling ARA Private Fund Business for $270M to Amp Up New Economy Focus
Two years after completing its buyout of ARA Asset Management, ESR is selling the Singapore-based company’s private fund management business as it hones its focus on assets linked to Asia Pacific’s fastest growing sectors.
The Hong Kong-listed real estate giant… Read More>>
Two years after completing its buyout of ARA Asset Management, ESR is selling the Singapore-based company’s private fund … Read more>>>
Hong Kong’s MTR Sees Profit Drop 21% to $1B on Development Income Collapse
Hong Kong’s MTR Corporation reported a 20.8 percent drop in attributable profit to HK$7.8 billion ($1 billion) for 2023 as the listed operator of mass transit systems recognised less income from property development projects.
Profit from property development plunged 80… Read More>>
Hong Kong’s MTR Corporation reported a 20.8 percent drop in attributable profit to HK$7.8 billion ($1 billion) for 2023 … Read more>>>
Hongkong Land Swings to $582M Loss as Markdowns Bruise Central Portfolio
Regional developer Hongkong Land reported an attributable loss of $582 million for 2023, reversing a year-earlier profit of $203 million, as valuations continued to decline in the group’s hometown office portfolio.
Underlying profit, which ignores the fair-value change of investment… Read More>>
Regional developer Hongkong Land reported an attributable loss of $582 million for 2023, reversing a year-earlier profit … Read more>>>
Warburg-Backed Storhub Enters Aussie Market With $300M Equity Commitment
Asia Pacific self-storage operator StorHub Group on Thursday announced its expansion into Australia, with the Warburg Pincus-backed company touting $300 million in equity commitments to support the Down Under business unit.
The Aussie platform is seeded with five assets in… Read More>>
Asia Pacific self-storage operator StorHub Group on Thursday announced its expansion into Australia, with the Warburg … Read more>>>
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