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Park Hyeon Joo Mirae

Mirae Asset, Korea Post Buy Seoul Tower From ADIA and CBRE GI for KRW 589B

Park Hyeon Joo Mirae

2019/04/29 by Michael Cole Leave a Comment

A unit of Korea’s Mirae Asset Financial Group has agreed to purchase the State Tower Namsan in Seoul for KRW 588.6 billion ($507 million), according to a statement last week from a brokerage representing the seller of the 24-storey office… Read More>>

A unit of Korea’s Mirae Asset Financial Group has agreed to purchase the State Tower Namsan in Seoul for KRW 588.6 … Read more>>>

Alpha Investment Partners CEO Alvin Mah

Keppel Capital Buys Trio of Seoul Office Buildings From Samsung SRA for KRW 430B

Alpha Investment Partners CEO Alvin Mah

2019/04/29 by Michael Cole Leave a Comment

Singapore private equity firm Keppel Capital has agreed to purchase a set of three Seoul office buildings for a combined KRW 430 billion ($370.5 million), according to an announcement by the firm on Monday.

Keppel Capital is buying the asset… Read More>>

Singapore private equity firm Keppel Capital has agreed to purchase a set of three Seoul office buildings for a combined … Read more>>>

Lin Tengjiao Sunshine City

Developer Sunshine City Plans RMB 22B in Fund Raising and More China Finance News

Lin Tengjiao Sunshine City

2019/04/29 by Iris Poon Leave a Comment

Following a modest rebound in home-buying sentiment last week, several large real estate developers in mainland China announced plans to raise new debt financing as competition grows for land purchases.

During this past week, Shenzhen-listed developer Sunshine City revealed that… Read More>>

Following a modest rebound in home-buying sentiment last week, several large real estate developers in mainland China … Read more>>>

Jiang Xiuwen Yida China

CMIG Debt Crisis Triggers RMB 8.7B Default at Dalian Developer Yida China

Jiang Xiuwen Yida China

2019/04/28 by Jan Kot Leave a Comment

Hong Kong-listed Yida China announced on 22 April that a financial crisis at its parent company had left it facing a default on loans with an outstanding principal of RMB 8.75 billion ($1.3 billion), with the developer saying it has yet… Read More>>

Hong Kong-listed Yida China announced on 22 April that a financial crisis at its parent company had left it facing a … Read more>>>

Paul Tham Keppel REIT

Keppel REIT Buys PGIM Office Asset for $221M to Break into Seoul Market

Paul Tham Keppel REIT

2019/04/24 by Jan Kot Leave a Comment

Singapore-listed Keppel REIT has agreed to acquire a freehold Grade A office building located in Seoul’s central business district from PGIM Real Estate, for 252.6 billion won ($221 million), according to an annoucement by the listed trust’s manager.

Keppel REIT… Read More>>

Singapore-listed Keppel REIT has agreed to acquire a freehold Grade A office building located in Seoul’s central … Read more>>>

HNA Chen Feng

HNA Unit Says Creditors Seized Assets in SG, US, China After Loan Default

HNA Chen Feng

2019/04/24 by Jan Kot 1 Comment

Lenders to CWT International Ltd have seized control of its assets in Singapore, China and the US after the unit of HNA Group failed to repay a short term loan taken out last October, a filing to the Hong Kong… Read More>>

Lenders to CWT International Ltd have seized control of its assets in Singapore, China and the US after the unit of HNA … Read more>>>

wang zhenhua future holdings

Future Holdings Bond Binge Continues with $1B Barrage and More China Finance News

wang zhenhua future holdings

2019/04/23 by Iris Poon Leave a Comment

Chinese developers continue to issue bonds both onshore and offshore this month with Jiangsu-based Future Holdings selling another $1 billion in bonds via offshore markets.

Two of the mainland’s more financially challenged builders this year also made their way into… Read More>>

Chinese developers continue to issue bonds both onshore and offshore this month with Jiangsu-based Future Holdings … Read more>>>

James Lim Capitaland

CapitaLand Reaches $391M First Close on Value-Add Office Fund

James Lim Capitaland

2019/04/22 by Michael Cole Leave a Comment

CapitaLand has reached a $391 million first close on its first ever discretionary equity investment fund, according to an announcement today by the Singaporean real estate giant.

The CapitaLand Asia Partners I (CAP I) fund, is dedicated to value-add office… Read More>>

CapitaLand has reached a $391 million first close on its first ever discretionary equity investment fund, according to … Read more>>>

Lt-Gen (Retd) Winston Choo Wee Leong

CDL, Alpha JV Selling Singapore Office Blocks in S$395M Deal

Lt-Gen (Retd) Winston Choo Wee Leong

2019/04/20 by Michael Cole Leave a Comment

City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at a reported S$395 million ($291.5 million) valuation, marking the second divestment from a joint venture between the listed developer and the… Read More>>

City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at … Read more>>>

Chen Feng HNA

HNA’s CWT International Defaults on HK$1.4B Loan

Chen Feng HNA

2019/04/17 by Jan Kot Leave a Comment

CWT International (CWTI), a unit of Chinese conglomerate HNA Group announced on Tuesday that it had defaulted on a HK$1.4 billion ($179 million) loan it received less than seven months ago — an event which its creditors say could lead… Read More>>

CWT International (CWTI), a unit of Chinese conglomerate HNA Group announced on Tuesday that it had defaulted on a … Read more>>>

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