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Ben Keswick Hongkong Land

Hongkong Land Posts Half-Year Underlying Profit of $466M

Ben Keswick Hongkong Land

2019/08/04 by James Hatton Leave a Comment

Hongkong Land, known as the biggest landlord in Hong Kong’s Central district, has posted half-year underlying profits of $466 million, a two percent increase on the same period last year, according to a stock exchange announcement.

“The solid performance from… Read More>>

Hongkong Land, known as the biggest landlord in Hong Kong’s Central district, has posted half-year underlying profits of … Read more>>>

US Pension Fund Revealed as Backer of HK$420M Buy of HK Apartment Tower

2019/08/01 by James Hatton 2 Comments

The buyer of a serviced apartment building at 111 High Street in Hong Kong has been revealed by market sources as a recently formed private equity fund manager backed by a US pension fund.

Hong Kong-based Crane Capital has agreed… Read More>>

The buyer of a serviced apartment building at 111 High Street in Hong Kong has been revealed by market sources as a … Read more>>>

Commerzbank Sells 71 Robinson Road in Singapore to Sun Venture for S$655M

2019/08/01 by James Hatton Leave a Comment

A unit of Germany’s Commerzbank is selling an office tower in Singapore’s central business district at a 12 percent mark-down, some eleven years after purchasing the 13-storey office tower for S$744 million (now $542.79 million).

Commerz Real has sold 71… Read More>>

A unit of Germany’s Commerzbank is selling an office tower in Singapore’s central business district at a 12 percent … Read more>>>

Christina Gaw

Allianz, Gaw Pair Up to Buy Singapore’s Duo Complex for S$1.6B

Christina Gaw

2019/07/30 by James Hatton Leave a Comment

Allianz Real Estate and Gaw Capital have agreed to acquire the Duo Tower and Duo Galleria in Singapore for S$1.6 billion ($1.2 billion), according to a joint announcement by the two companies.

The Munich-based insurer is set to own a… Read More>>

Allianz Real Estate and Gaw Capital have agreed to acquire the Duo Tower and Duo Galleria in Singapore for S$1.6 billion … Read more>>>

Shanghai's Jinmao Tower

Developer China Jinmao Selling 25% Stake to Ping An, New China Life for HK$8.67B

Shanghai's Jinmao Tower

2019/07/30 by Jan Kot Leave a Comment

Hong Kong-listed developer China Jinmao announced to the stock exchange on 27 July that it has agreed to sell a combined stake of nearly 25 percent of the company to Ping An Life and New China Life Insurance for a… Read More>>

Hong Kong-listed developer China Jinmao announced to the stock exchange on 27 July that it has agreed to sell a combined … Read more>>>

Tjarko Edzes Bouwinvest

Bouwinvest Reveals $100M Investment with PAG

Tjarko Edzes Bouwinvest

2019/07/29 by Michael Cole Leave a Comment

Amsterdam-based Bouwinvest Real Estate Investors has committed $100 million to Asian investments managed by private equity firm PAG, according to an announcement last week.

Bouwinvest’s cash has already been put to work under PAG’s real estate division acquiring 26 office… Read More>>

Amsterdam-based Bouwinvest Real Estate Investors has committed $100 million to Asian investments managed by private … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Seeks Buyer for $1.5B Japanese Multifamily Portfolio

Stephen Schwarzman Blackstone

2019/07/28 by James Hatton Leave a Comment

US private equity giant Blackstone is seeking a buyer for a portfolio of 82 blocks of flats in Japan predicted to fetch up to $1.5 billion.

Blackstone has appointed JLL and Mizuho Trust & Banking as advisers for the sale,… Read More>>

US private equity giant Blackstone is seeking a buyer for a portfolio of 82 blocks of flats in Japan predicted to fetch … Read more>>>

Yoan Kamalski

Hmlet Raises HK$310M to Expand APAC Co-Living Network

Yoan Kamalski

2019/07/24 by James Hatton Leave a Comment

Co-living provider Hmlet has secured HK$310 million ($40 million) in a new round of funding that will allow the Singapore-headquartered company to ramp up its presence across Asia Pacific.

The fresh cash comes as the shared housing operator implements a… Read More>>

Co-living provider Hmlet has secured HK$310 million ($40 million) in a new round of funding that will allow the … Read more>>>

Georg-Chmiel Juwai

Chinese Property Portal Juwai.Com to Merge With Malaysian Agency

Georg-Chmiel Juwai

2019/07/24 by Michael Cole Leave a Comment

Juwai.com, an online platform for marketing global properties to Chinese buyers, is merging with Kuala Lumpur-based real estate marketing firm IQI Global, according to a joint announcement by the two privately held firms.

The merger, which comes at the same… Read More>>

Juwai.com, an online platform for marketing global properties to Chinese buyers, is merging with Kuala Lumpur-based real … Read more>>>

Wang Zhenhua

Developer Future Land Confirms Move to Sell 40 Mainland Projects After Chairman Jailed

Wang Zhenhua

2019/07/23 by Jan Kot Leave a Comment

Just three weeks after its now former chairman was detained on charges of molesting a nine-year-old girl, Future Land Holdings has confirmed in a voluntary announcement to the Hong Kong Stock Exchange today that it plans to dispose of more… Read More>>

Just three weeks after its now former chairman was detained on charges of molesting a nine-year-old girl, Future Land … Read more>>>

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