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cs-GuyBradley

Swire Properties Sells Miami Hotel in $174M Deal as Asset Sales Continue

cs-GuyBradley

2021/11/04 by Pawara Laothamatas Leave a Comment

Swire Properties last week announced the sale of a Miami hotel in a $174 million deal which brings the unit of Hong Kong conglomerate Swire Pacific’s stack of asset disposals to nearly $1.9 billion since July of last year.

The… Read More>>

Swire Properties last week announced the sale of a Miami hotel in a $174 million deal which brings the unit of Hong Kong … Read more>>>

Jeffrey-Perlman-ESR-

ESR Shareholders Overwhelming Approve $5.2B ARA Acquisition

Jeffrey-Perlman-ESR-

2021/11/03 by Christopher Caillavet Leave a Comment

Hong Kong-listed ESR announced Wednesday that its shareholders had approved the logistics giant’s $5.2 billion proposed acquisition of ARA Asset Management.

At an extraordinary general meeting earlier that day, 91.81 percent of votes cast were in favour of purchasing 100… Read More>>

Hong Kong-listed ESR announced Wednesday that its shareholders had approved the logistics giant’s $5.2 billion proposed … Read more>>>

Alec Harper Head of Australia, Oxford Properties Group (1)

Mitsubishi Estate Invests in Oxford Properties, Investa Sydney Office JV

Alec Harper Head of Australia, Oxford Properties Group (1)

2021/11/03 by Christopher Caillavet Leave a Comment

Canada’s Oxford Properties and its Australian operating partner Investa have welcomed Japanese property giant Mitsubishi Estate into a joint venture to develop a premium office building in downtown Sydney.

The 39-storey office building and retail precinct, known as Parkline Place,… Read More>>

Canada’s Oxford Properties and its Australian operating partner Investa have welcomed Japanese property giant Mitsubishi … Read more>>>

wang wenxue cfld tb

China’s CFLD Defaults on Fresh $1.2B to Bring Overdue Debts to $14.7B

wang wenxue cfld tb

2021/11/02 by Christopher Caillavet Leave a Comment

A former top 10 mainland developer disclosed RMB 7.9 billion ($1.2 billion) in fresh defaults today, with China Fortune Land Development saying in a statement on its website that it was working to arrange repayment on a string of debt… Read More>>

A former top 10 mainland developer disclosed RMB 7.9 billion ($1.2 billion) in fresh defaults today, with China Fortune … Read more>>>

Tom Lee KKR

KKR to Acquire Sofitel Sydney Wentworth From Frasers Hospitality Trust for $236M

Tom Lee KKR

2021/11/01 by Christopher Caillavet Leave a Comment

KKR’s new head of Australia real estate is already having an impact, as the US private equity giant has struck a deal to buy the landmark Sofitel Sydney Wentworth from Frasers Hospitality Trust for A$315 million ($236.7 million).

Singapore-listed FHT… Read More>>

KKR’s new head of Australia real estate is already having an impact, as the US private equity giant has struck a deal to … Read more>>>

Ong Beng Seng

Temasek-Led Group’s $2.5B Bid Tops Keppel Offer for SPH Real Estate Business

Ong Beng Seng

2021/10/31 by Christopher Caillavet Leave a Comment

Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.

Cuscaden Peak, a company… Read More>>

Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid … Read more>>>

Teresa Cheng

Company Controlled by Family of HK’s Teresa Cheng Buys $75M Tower

Teresa Cheng

2021/10/27 by Pawara Laothamatas Leave a Comment

A company controlled by the family of Hong Kong secretary for justice Teresa Cheng is jumping into the city’s industrial property boom with a HK$585 million ($75.2 million) purchase in the New Territories, according to an announcement this month to… Read More>>

A company controlled by the family of Hong Kong secretary for justice Teresa Cheng is jumping into the city’s industrial … Read more>>>

Jonathan-Gray-Blackstone-

Blackstone Raises $4B for Asia Real Estate Fund on the Way to $9B Target

Jonathan-Gray-Blackstone-

2021/10/26 by Christopher Caillavet Leave a Comment

Private equity titan Blackstone reported what it dubbed “the best results in our 36 years of history”, with distributable earnings more than doubling in the third quarter to $1.6 billion, as the Manhattan-based firm also shared some fresh milestones regarding… Read More>>

Private equity titan Blackstone reported what it dubbed “the best results in our 36 years of history”, with … Read more>>>

Modern Land Fails to Repay $250M Bond in Latest China Developer Default

2021/10/26 by Beatrice Laforga Leave a Comment

Beijing-based builder Modern Land China failed to repay the principal and interest due on a $250-million dollar bond due Monday, making it the latest Chinese developer to miss dollar bond payments reflecting deepening financial stress in the real estate sector.

… Read More>>

Beijing-based builder Modern Land China failed to repay the principal and interest due on a $250-million dollar bond due … Read more>>>

Tung chee Hwa

Tung Chee-Hwa Family Buys Pair of Floors in The Center for HK$1.3B

Tung chee Hwa

2021/10/23 by Michael Cole Leave a Comment

Sales of Hong Kong office space are on the way up, but at prices well below pre-COVID rates, as members of one of the city’s richest families recently picked up a pair of floors in Central at around 20 percent… Read More>>

Sales of Hong Kong office space are on the way up, but at prices well below pre-COVID rates, as members of one of the … Read more>>>

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