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Wilson Leung Angelo Gordon

Angelo Gordon Asia Fund in Line for $100M From Minnesota Pension Manager

Wilson Leung Angelo Gordon

2023/02/28 by Christopher Caillavet Leave a Comment

Angelo Gordon is closing in on a commitment of up to $100 million from a Minnesota state pension manager for the US private equity firm’s latest Asia real estate fund.

The Minnesota State Board of Investment, which manages retirement and… Read More>>

Angelo Gordon is closing in on a commitment of up to $100 million from a Minnesota state pension manager for the US … Read more>>>

UOL Group chairman Wee Cho Yaw

Singapore’s UOL Saw Profits Jump 60% in 2022, Ho Bee Notches 25% Improvement

UOL Group chairman Wee Cho Yaw

2023/02/27 by Christopher Caillavet Leave a Comment

Strong home sales at development projects delivered a boost to the full-year results of Singapore-based builders UOL Group and Ho Bee Land as the city-state’s housing market soared in 2022.

UOL, the developer controlled by the Wee family behind United… Read More>>

Strong home sales at development projects delivered a boost to the full-year results of Singapore-based builders UOL … Read more>>>

Hirotaka Sugiyama, chairman of Mitsubishi Estate

Mitsubishi Estate Sells Stakes in Tokyo Commercial Buildings to REIT for $239M

Hirotaka Sugiyama, chairman of Mitsubishi Estate

2023/02/27 by Greg Isaacson Leave a Comment

Mitsubishi Estate is selling stakes in an office building and a WeWork-occupied mixed-use tower in Tokyo for a total of JPY 32 billion ($239 million), transferring the assets to a listed REIT sponsored by the Japanese real estate giant.

Under… Read More>>

Mitsubishi Estate is selling stakes in an office building and a WeWork-occupied mixed-use tower in Tokyo for a total of … Read more>>>

Rushabh Desai, CEO, Varsity Group Asia Pacific

Rush Desai Teams With Scape Founders to Establish Fund Manager Varsity Group Asia

Rushabh Desai, CEO, Varsity Group Asia Pacific

2023/02/24 by Christopher Caillavet Leave a Comment

Rushabh Desai, former Asia Pacific CEO of Allianz Real Estate, has joined forces with Stephen Gaitanos and Craig Carracher, the co-founders of rental housing developer Scape Australia, to launch Varsity Group Asia, a fund management business targeting high-growth alternative real… Read More>>

Rushabh Desai, former Asia Pacific CEO of Allianz Real Estate, has joined forces with Stephen Gaitanos and Craig … Read more>>>

Google CEO Sundar Pichai Getty

Google Trims Space at Frasers’ Alexandra Technopark in Singapore Amid Layoffs

Google CEO Sundar Pichai Getty

2023/02/24 by Greg Isaacson Leave a Comment

Google is surrendering a portion of its premises in Singapore’s Alexandra Technopark, the manager of the listed REIT that owns the property announced, as the California-based search giant shrinks its global office footprint.

Google Asia Pacific has exercised its contractual… Read More>>

Google is surrendering a portion of its premises in Singapore’s Alexandra Technopark, the manager of the listed REIT … Read more>>>

Puah Tze Shyang CapitaLand

CapitaLand Launches China Opportunistic Strategy With $820M in Commitments

Puah Tze Shyang CapitaLand

2023/02/23 by Christopher Caillavet Leave a Comment

One day after revealing a new China-focused data centre fund, Singapore’s CapitaLand Investment has announced the launch of a special situations strategy for China with a total of S$1.1 billion ($820 million) in committed equity.

The CapitaLand China Opportunistic Partners… Read More>>

One day after revealing a new China-focused data centre fund, Singapore’s CapitaLand Investment has announced the launch … Read more>>>

GIC chief executive Lim Chow Kiat (Getty Images)

GIC, Centerbridge Clinch $868M Buyout of US Industrial REIT After Sweetening Deal

GIC chief executive Lim Chow Kiat (Getty Images)

2023/02/23 by Beatrice Laforga Leave a Comment

Singapore’s GIC and US private equity firm Centerbridge Partners have agreed to take NASDAQ-listed INDUS Realty Trust private in a sweetened deal that values the American industrial REIT at $868 million.

Indus has entered into a definitive merger agreement under… Read More>>

Singapore’s GIC and US private equity firm Centerbridge Partners have agreed to take NASDAQ-listed INDUS Realty Trust … Read more>>>

truong-my-lan-dspl

Vietnam-Linked Eric Chu Sells Quarry Bay Site at 36% Off Following Wife’s Arrest

truong-my-lan-dspl

2023/02/22 by Beatrice Laforga Leave a Comment

A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46… Read More>>

A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a … Read more>>>

Stan Tang

Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets

Stan Tang

2023/02/21 by Mingtiandi Team Leave a Comment

The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face… Read More>>

The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 … Read more>>>

Orchard Towers

Singapore’s Orchard Towers Fails to Sell at $1.2B Price Tag

Orchard Towers

2023/02/21 by Greg Isaacson Leave a Comment

Singaporean real estate firm Hiap Hoe announced that the attempted collective sale of Orchard Towers has failed, a year after owners of units in the notorious entertainment and office complex put the property on the market with a reserve price… Read More>>

Singaporean real estate firm Hiap Hoe announced that the attempted collective sale of Orchard Towers has failed, a year … Read more>>>

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