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Peter Woo Wheelock

Billionaire Bids HK$48B to Privatise HK Developer Wheelock

Peter Woo Wheelock

2020/03/01 by James Hatton Leave a Comment

Hong Kong property billionaire Peter Woo is offering to take Hong Kong-listed Wheelock & Company private in a deal worth just under HK$48 billion ($6.2 billion), according to a stock exchange filing.

Woo, whose family controls the 93-year-old firm chaired… Read More>>

Hong Kong property billionaire Peter Woo is offering to take Hong Kong-listed Wheelock & Company private in a deal … Read more>>>

lee chee koon

CapitaLand Freezes Wages as Retail Sales Plunge

lee chee koon

2020/02/27 by James Hatton Leave a Comment

CapitaLand is freezing wages company-wide as one of a series of measures to counter the impact of the coronavirus outbreak on its business, according to a company announcement.

The Singapore-based real estate group said that the wage freeze, which applies… Read More>>

CapitaLand is freezing wages company-wide as one of a series of measures to counter the impact of the coronavirus … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Tops Lone Star Offer with JPY 250B Bid for Japanese Hotel Firm

Stephen Schwarzman Blackstone

2020/02/25 by James Hatton Leave a Comment

Blackstone has improved its bid for a Japanese hotelier and property developer to JPY 205 billion ($1.85 billion), as the US private equity giant tops an existing offer by rival Lone Star Funds that values the company at JPY 195… Read More>>

Blackstone has improved its bid for a Japanese hotelier and property developer to JPY 205 billion ($1.85 billion), as … Read more>>>

Phile Pearce ESR

ESR, Goldman Sachs Seeking Buyer for A$275M Brisbane Building

Phile Pearce ESR

2020/02/23 by James Hatton Leave a Comment

ESR Australia has put Brisbane’s State Law Building on the market with the sale expected to fetch upwards of A$275 million ($184 million), as the logistics specialist continues to offload non-core assets down under.

The Warburg Pincus-backed company, which has… Read More>>

ESR Australia has put Brisbane’s State Law Building on the market with the sale expected to fetch upwards of A$275 … Read more>>>

Chen Feng HNA

Hainan Government Said Taking Over HNA as Virus Dents Cashflow

Chen Feng HNA

2020/02/23 by James Hatton Leave a Comment

The Hainan government is said to be planning to take over HNA Group and sell off its airline assets, as the indebted conglomerate’s ongoing struggles to meet its financial obligations reach a crisis point.

The provincial government has been forced… Read More>>

The Hainan government is said to be planning to take over HNA Group and sell off its airline assets, as the indebted … Read more>>>

warburg Pincus

Warburg Pincus Bidding Against Gaw for A$1.73B Aussie Self-Storage REIT

warburg Pincus

2020/02/18 by James Hatton Leave a Comment

Warburg Pincus has entered a bidding contest for Australia’s largest self-storage operator with an offer to buy National Storage REIT (NSR) for A$1.73 billion ($1.2 billion), according to a disclosure by the real estate investment trust.

The board of the… Read More>>

Warburg Pincus has entered a bidding contest for Australia’s largest self-storage operator with an offer to buy National … Read more>>>

Broderick Storie PAG

PAG Blasts Spring REIT Management on Discounted Sino-Ocean Deal

Broderick Storie PAG

2020/02/18 by James Hatton Leave a Comment

PAG Real Estate has renewed its offensive against the management of Hong Kong-listed Spring REIT, just over a year after the firm failed in a bid to take control of the real estate investment trust.

The property arm of the… Read More>>

PAG Real Estate has renewed its offensive against the management of Hong Kong-listed Spring REIT, just over a year after … Read more>>>

Lee Kok Sun GIC

Singapore’s GIC Buys LG Group’s China HQ for RMB 8B

Lee Kok Sun GIC

2020/02/12 by James Hatton Leave a Comment

Singapore’s GIC is spending RMB 8 billion ($1.15 billion) to ramp up its Beijing office portfolio by making the Chinese capital’s biggest office acquisition since early last year.

The sovereign wealth fund said in an announcement that it has acquired… Read More>>

Singapore's GIC is spending RMB 8 billion ($1.15 billion) to ramp up its Beijing office portfolio by making the Chinese … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Sells Singapore Shophouses to Aberdeen Standard for S$54M

Samuel WT Chu and Benjamin KY Lee

2020/02/09 by James Hatton Leave a Comment

Phoenix Property Investors has disposed of a row of shophouses in Singapore’s Chinatown for S$54 million ($39 million), according to Aberdeen Standard Investments (ASI), which purchased the historically preserved buildings.

The asset management arm of London-listed Standard Life Aberdeen confirmed… Read More>>

Phoenix Property Investors has disposed of a row of shophouses in Singapore’s Chinatown for S$54 million ($39 million), … Read more>>>

Christina Tan Keppel

Keppel Aims to Raise $1B for Alpha Asia Fund IV

Christina Tan Keppel

2020/02/06 by James Hatton Leave a Comment

Keppel Capital, the Temasek Holdings-backed asset management arm of Singapore’s Keppel Corporation, is targeting a $1 billion haul for its latest pan-Asian real estate fund.

While Keppel Capital has yet to formally file documentation with the US’ Securities and Exchange… Read More>>

Keppel Capital, the Temasek Holdings-backed asset management arm of Singapore’s Keppel Corporation, is targeting a $1 … Read more>>>

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