Goldman Sachs and Hong Kong’s Kailong Group have sold a newly developed commercial building near Central for around $33 million … Read more>>
Hotel Project on Singapore’s Orchard Road on Market for $143M
A long-delayed boutique hotel project in Singapore’s Orchard Road area has been put up for sale at an indicative price of S$195 million ($143.3 million), CBRE said Thursday.
The 115-key project is being offered to potential buyers via an expression… Read More>>
A long-delayed boutique hotel project in Singapore’s Orchard Road area has been put up for sale at an indicative price … Read more>>>
CapitaLand Ascott Trust Q1 Gross Profit Up 15% on More Demand, Bigger Portfolio
CapitaLand Ascott Trust achieved a 15 percent increase in gross profit during the first quarter of this year, compared with the same period in 2023, with the trust’s managers citing sustained lodging demand and expansion of its portfolio as boosting… Read More>>
CapitaLand Ascott Trust achieved a 15 percent increase in gross profit during the first quarter of this year, compared … Read more>>>
Mapletree Pan Asia Commercial Trust DPU Falls 7.3%, Income Jumps Post-Merger
Mapletree Pan Asia Commercial Trust said its distribution per unit fell 7.3 percent in the fiscal year to the end of March, squeezed by higher interest rates, but net property income jumped 15.2 percent on the post-merger expansion of the… Read More>>
Mapletree Pan Asia Commercial Trust said its distribution per unit fell 7.3 percent in the fiscal year to the end of … Read more>>>
Keppel REIT Q1 Net Property Income Jumps 7.2% on Singapore Office Strength
SGX-listed Keppel REIT reported first-quarter net property income of S$48.2 million ($35.4 million), up 7.2 percent from a year earlier, underpinned by higher Singapore rentals and the contribution from a completed office project in Sydney.
The NPI increase was supported… Read More>>
SGX-listed Keppel REIT reported first-quarter net property income of S$48.2 million ($35.4 million), up 7.2 percent from … Read more>>>
Hong Kong Accounting Watchdog Launches Probe of PwC Role at Evergrande
Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China Evergrande, with the inquiry coming on the heels of reports that mainland authorities are probing PwC’s role in dodgy bookkeeping at the bankrupt developer.
The Accounting… Read More>>
Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China … Read more>>>
Banks Chase Cheung Kei Boss for $200M in Overdue Loan Payments
Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) in overdue loans and interest charges, according to a media account, as liquidators continue to market global properties linked to… Read More>>
Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) … Read more>>>
Blackstone Net Profit Surges Nearly Tenfold in Q1 as Real Estate Business Rebounds
Blackstone’s attributable net profit jumped nearly tenfold in the first quarter from a year earlier, as the private equity titan’s real estate business led its main strategies for growth in revenue, fee-related earnings and distributable earnings.
The world’s largest alternative… Read More>>
Blackstone’s attributable net profit jumped nearly tenfold in the first quarter from a year earlier, as the private … Read more>>>
Alyssa Partners, Gaw Capital Buy 29 Tokyo Apartment Buildings for Estimated $259M
Alyssa Partners and Gaw Capital Partners have acquired a portfolio of 29 Tokyo apartment buildings from a major Japanese conglomerate, according to an announcement on Friday, with the purchase of 835 homes representing the country’s largest trade of rental residential… Read More>>
Alyssa Partners and Gaw Capital Partners have acquired a portfolio of 29 Tokyo apartment buildings from a major Japanese … Read more>>>
Guangzhou R&F Avoids London Default as Project Sale to CC Land Boss Moves Forward
Guangzhou R&F Properties (R&F) this week averted default on a £800 million project loan for its One Nine Elms development in southwest London, signing a deal to sell the $1.3 billion UK condo and hotel project after winning consent from… Read More>>
Guangzhou R&F Properties (R&F) this week averted default on a £800 million project loan for its One Nine Elms … Read more>>>
China Vanke Said in Talks to Sell 21% Stake in GLP to State-Backed Investors
With its bonds falling to all-time lows this week amid a deepening liquidity crisis, China Vanke is reported to be in discussions to sell its stake in industrial fund manager and developer GLP, as its scrambles to pay down $14… Read More>>
With its bonds falling to all-time lows this week amid a deepening liquidity crisis, China Vanke is reported to be in … Read more>>>
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