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Frasers REIT Managers Propose S$5.7B Supersized Singapore Merger

2019/12/02 by James Hatton Leave a Comment

The managers of a pair of Frasers Property-sponsored real estate investment trusts have agreed to the terms of a merger, which if approved by their unit holders, will result in a single REIT with a portfolio valued at S$5.7 billion… Read More>>

The managers of a pair of Frasers Property-sponsored real estate investment trusts have agreed to the terms of a merger, … Read more>>>

David-Chiu Far East Consortium

Far East Consortium Said to Mull S$500M Singapore REIT Listing

David-Chiu Far East Consortium

2019/12/02 by Mingtiandi Team Leave a Comment

Hong Kong developer Far East Consortium International Ltd (FEC) is reportedly mulling a Singapore listing for a real estate investment trust that could raise up to S$500 million ($365 million). The potential sale of trust units, which could occur as… Read More>>

Hong Kong developer Far East Consortium International Ltd (FEC) is reportedly mulling a Singapore listing for a real … Read more>>>

David chan ping chi

HK Investors Caught by Downturn After Paying Record $5.2B for The Center

David chan ping chi

2019/11/27 by James Hatton 1 Comment

With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the once red-hot commercial property market in the Asian financial hub is on life support, which spells trouble for the owners of the city’s… Read More>>

With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the … Read more>>>

CapitaLand Sells Star Vista Mall to Singapore Megachurch for S$296M

2019/11/23 by James Hatton Leave a Comment

CapitaLand has announced that it is selling a shopping mall for S$296 million ($217 million) to a Singapore megachurch that generated S$143 million in income last year and is led by one of the world’s richest pastors.

The Singapore-listed developer… Read More>>

CapitaLand has announced that it is selling a shopping mall for S$296 million ($217 million) to a Singapore megachurch … Read more>>>

LaSalle Mark Gabbay

LaSalle Seeds New Japan Property Fund with JPY 105B In Assets  

LaSalle Mark Gabbay

2019/11/21 by James Hatton Leave a Comment

LaSalle Investment Management has announced the launch of a Japan-focused property fund seeded with six assets purchased for JPY 105 billion ($965 million), as the independent fund management subsidiary of JLL continues to ramp up its presence in the country.

… Read More>>

LaSalle Investment Management has announced the launch of a Japan-focused property fund seeded with six assets purchased … Read more>>>

15-On-Lok-Mun

Chiaphua Buys Hong Kong Workshop for HK$150M as Industrial Market Grows

15-On-Lok-Mun

2019/11/19 by Jan Kot Leave a Comment

Hong Kong conglomerate Chiaphua Industries has this month acquired a 25-year-old industrial building in the Fanling area of the New Territories for HK$150 million ($19.2 million), as aging sheds with revitalisation potential continue to lure investors.

The seven-storey building at… Read More>>

Hong Kong conglomerate Chiaphua Industries has this month acquired a 25-year-old industrial building in the Fanling area … Read more>>>

Home Rents Plunge 27% in HK University Area as Mainland Students Flee Protests 

2019/11/19 by James Hatton Leave a Comment

While Hong Kong’s police continue to do their best to beat protestors into submission and city leaders remain stricken with stagefright, mainland students at one of Hong Kong’s largest universities have developed their own response to the Asian financial capital’s… Read More>>

While Hong Kong’s police continue to do their best to beat protestors into submission and city leaders remain stricken … Read more>>>

JI QI Huazhu

China’s Huazhu Group Reports 19% Growth in Hotel Turnover in Q3

JI QI Huazhu

2019/11/18 by Jan Kot Leave a Comment

Huazhu Group has revealed a 19 percent year-on-year jump in hotel turnover for the third quarter of 2019, as China’s largest operator of budget inns boosted its portfolio to more than 5,000 locations.

Turnover increased to RMB 10 billion ($1.4… Read More>>

Huazhu Group has revealed a 19 percent year-on-year jump in hotel turnover for the third quarter of 2019, as China’s … Read more>>>

Carrie Lam

COLI, Henderson, K Wah and Wharf Buy HK$15.95B Kai Tak Site at a Discount

Carrie Lam

2019/11/14 by James Hatton 1 Comment

As clashes between police and protesters in Hong Kong escalate, the largest piece of land on the site of the Asian financial hub’s former airport has been sold at a discount to a consortium of Hong Kong-listed developers.

The city’s… Read More>>

As clashes between police and protesters in Hong Kong escalate, the largest piece of land on the site of the Asian … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Reaches $1.15B Final Close on Sixth Opportunistic Fund

Samuel WT Chu and Benjamin KY Lee

2019/11/11 by James Hatton Leave a Comment

Phoenix Property Investors has closed its latest opportunistic real estate fund at $1.15 billion, surpassing its hard cap by $250 million.

Phoenix Asia Real Estate Investment VI – the private equity company’s sixth pan-Asian investment vehicle – closed in September,… Read More>>

Phoenix Property Investors has closed its latest opportunistic real estate fund at $1.15 billion, surpassing its hard … Read more>>>

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