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Rayzone Beijing

Sino-Ocean Sells Stake in Beijing Office Building to Ping An for $740M

Rayzone Beijing

2022/06/16 by Mingtiandi Team Leave a Comment

Chinese developer Sino-Ocean Group Holding has sold its stake in a commercial project in Beijing’s Fengtai district for RMB 5.02 billion ($740 million) to Ping An Life Insurance amid weakening sales and dropping bond prices.

The mainland financial heavyweight has… Read More>>

Chinese developer Sino-Ocean Group Holding has sold its stake in a commercial project in Beijing’s Fengtai district for … Read more>>>

Jason Lee, Managing Director, CIO and Senior Portfolio Manager, APAC, AEW

AEW Snaps Up Singapore Office Tower From Sun Venture for $489M 

Jason Lee, Managing Director, CIO and Senior Portfolio Manager, APAC, AEW

2022/06/15 by Beatrice Laforga Leave a Comment

AEW has agreed to buy an office tower in Singapore’s Jurong East from local investment firm Sun Venture for S$680 million ($488.54 million) in the latest vote of global investor confidence in the city’s rebounding office market, Mingtiandi has learned.

… Read More>>

AEW has agreed to buy an office tower in Singapore’s Jurong East from local investment firm Sun Venture for S$680 … Read more>>>

CK Asset's Li Ka-Shing

CK Asset Sells Flat in Hong Kong’s Mid-Levels for $34M

CK Asset's Li Ka-Shing

2022/06/15 by Pawara Laothamatas Leave a Comment

A high-level unit at CK Asset’s 21 Borrett Road project in Hong Kong’s Mid-Levels was sold for HK$91,895 per square foot last week, setting a new record for a non-penthouse unit at the luxury residential property, despite sales at the… Read More>>

A high-level unit at CK Asset’s 21 Borrett Road project in Hong Kong’s Mid-Levels was sold for HK$91,895 per square foot … Read more>>>

Ang Jun Hung ABR

Set of Heritage Shophouses on Singapore’s Club Street Sell for $18.6M

Ang Jun Hung ABR

2022/06/14 by Beatrice Laforga Leave a Comment

ABR Holdings is buying a row of heritage commercial buildings on Singapore’s Club Street from entities linked to Citystate Group for a total of S$25.88 million ($18.61 million), according to a joint announcement on Tuesday.

A subsidiary of the SGX-listed… Read More>>

ABR Holdings is buying a row of heritage commercial buildings on Singapore’s Club Street from entities linked to … Read more>>>

Charoen Sirivadhanabhakdi of Frasers Property

Singapore’s Frasers Property Makes $970M Buyout Offer for Hospitality Trust

Charoen Sirivadhanabhakdi of Frasers Property

2022/06/13 by Beatrice Laforga Leave a Comment

Frasers Property is proposing to take SGX-listed Frasers Hospitality Trust private in an all-cash deal that values the REIT at S$1.35 billion ($970 million), according to a joint announcement on Monday, as the hospitality sector continues to face headwinds.

Also… Read More>>

Frasers Property is proposing to take SGX-listed Frasers Hospitality Trust private in an all-cash deal that values the … Read more>>>

Yan hao Jingrui

PwC Walks Away From Jingrui Audit Role Citing Murky Bank Deposits 

Yan hao Jingrui

2022/06/13 by Christopher Caillavet Leave a Comment

Jingrui Holdings has joined the growing list of Chinese developers cutting ties with their auditors, with the company announcing that Big Four accounting firm PwC exited the role late last month.

At the request of Jingrui’s board, PricewaterhouseCoopers resigned as… Read More>>

Jingrui Holdings has joined the growing list of Chinese developers cutting ties with their auditors, with the company … Read more>>>

Robert Wallace FLCT

Goodman Sells 3 Melbourne Industrial Properties to Singapore’s FLCT for $42M

Robert Wallace FLCT

2022/06/13 by Christopher Caillavet Leave a Comment

Frasers Logistics & Commercial Trust has agreed to acquire three newly completed industrial properties near Melbourne for A$61 million ($42.5 million), as the REIT continues to spend cash obtained from the disposal of a Singapore commercial complex earlier this year.

… Read More>>

Frasers Logistics & Commercial Trust has agreed to acquire three newly completed industrial properties near … Read more>>>

Ong Pang Aik Lian Beng

Singapore’s Lian Beng Buys Industrial Building Near Paya Lebar for $36M

Ong Pang Aik Lian Beng

2022/06/11 by Beatrice Laforga Leave a Comment

The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this past week, including an S$49.25 million ($35.67 million) purchase near Paya Lebar revealed on Friday.

Singapore-listed Lian Beng told… Read More>>

The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this … Read more>>>

Matthew Ong, CEO of SLB Development

SLB Grabs Buildings in Singapore, Melbourne, Completes Hotel Buy With Weave

Matthew Ong, CEO of SLB Development

2022/06/09 by Christopher Caillavet Leave a Comment

SLB Development on Thursday announced its acquisitions of a Singapore commercial complex and a Melbourne office building for a total of $46 million.

SLB has agreed to buy 30 and 31 North Canal Road, a pair of four-storey buildings near… Read More>>

SLB Development on Thursday announced its acquisitions of a Singapore commercial complex and a Melbourne office building … Read more>>>

Hong Kong 2 IFC BOC CK Centre

Nomura Securities Said to Surrender Floor at Hong Kong’s Two IFC

Hong Kong 2 IFC BOC CK Centre

2022/06/08 by Pawara Laothamatas Leave a Comment

Japan’s Nomura Securities is surrendering an entire floor in Hong Kong’s second-tallest office tower, having terminated its lease for the 26th floor at Two International Finance Centre last month, according to local media accounts.

After handing back the 23,076 square… Read More>>

Japan’s Nomura Securities is surrendering an entire floor in Hong Kong’s second-tallest office tower, having terminated … Read more>>>

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