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Wang Kan Seng Ascendas

CapitaLand to Acquire Ascendas-Singbridge in S$11B Deal

Wang Kan Seng Ascendas

2019/01/14 by Michael Cole Leave a Comment

Singapore’s CapitaLand announced early Monday that it had agreed to buy a controlling stake owned by Temasek Holdings in fellow government-backed developer Ascendas-Singbridge in a deal which would value the target company at S$11 billion ($8.13 billion).

CapitaLand has agreed… Read More>>

Singapore’s CapitaLand announced early Monday that it had agreed to buy a controlling stake owned by Temasek Holdings in … Read more>>>

Tahir Mayapada

Oxley Gets LOI to Sell Pair of Singapore Hotels for S$950M

Tahir Mayapada

2019/01/14 by Michael Cole Leave a Comment

Oxley Holdings Ltd is on its way to selling a pair of hotels on Stevens Road, just near Singapore’s Orchard Road shopping district, for a combined S$950 million ($702 million), according to an announcement by the developer to the city’s… Read More>>

Oxley Holdings Ltd is on its way to selling a pair of hotels on Stevens Road, just near Singapore's Orchard Road … Read more>>>

Mount Nicholson Hong Kong

Hong Kong Homebuyer Eats HK$36M Deposit to Renege on Mount Nicholson Deal

Mount Nicholson Hong Kong

2019/01/13 by Michael Cole Leave a Comment

Less than two weeks after agreeing to purchase a home at Hong Kong’s Jardine’s Lookout for HK$721.88 million ($92.1 million), an unnamed buyer has walked away from the deal, forfeiting a HK$36 million deposit, according to Hong Kong public records.

… Read More>>

Less than two weeks after agreeing to purchase a home at Hong Kong’s Jardine's Lookout for HK$721.88 million ($92.1 … Read more>>>

Beh Siew Kim, CEO of Ascott REIT

Ascott REIT Sells Ascott Raffles Place in Singapore to Cheong Sim Lam for S$353M

Beh Siew Kim, CEO of Ascott REIT

2019/01/12 by Jan Kot Leave a Comment

Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>

Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, … Read more>>>

chen feng HNA

Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees

chen feng HNA

2019/01/10 by Michael Cole Leave a Comment

Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.

A unit of Hongkong Land is suing HNA Group after… Read More>>

Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office … Read more>>>

wolfgang-egger patrizia

Patrizia Establishes Japan Foothold with Buyout of Tokyo’s Kenzo Capital

wolfgang-egger patrizia

2019/01/10 by Michael Cole Leave a Comment

Germany’s Patrizia Immobilien has acquired Kenzo Capital Corporation, a Tokyo-based real estate advisory and asset management firm, giving the European real estate investment manager its first foothold in Japan.

Augsburg-based Patrizia unveiled the move in an announcement this week noting… Read More>>

Germany’s Patrizia Immobilien has acquired Kenzo Capital Corporation, a Tokyo-based real estate advisory and asset … Read more>>>

Humbert Pang Gaw Capital

Gaw Buys Four Shanghai Office Blocks From China Resources for Reported RMB 2.8B

Humbert Pang Gaw Capital

2019/01/07 by Michael Cole Leave a Comment

Gaw Capital Partners has made its second Shanghai office acquisition in less than a month and a half, buying a set of four grade A office buildings in the Hongqiao area for a price reported to be close to RMB… Read More>>

Gaw Capital Partners has made its second Shanghai office acquisition in less than a month and a half, buying a set of … Read more>>>

Lucas Loh CapitaLand

CapitaLand and AEW Buy 70% of Shanghai Office Tower From HNA for RMB 2.75B

Lucas Loh CapitaLand

2019/01/07 by Jan Kot Leave a Comment

CapitaLand has formed a 50:50 joint venture with US real estate private equity firm AEW to acquire 70 percent of the Pufa Tower in Shanghai’s Lujiazui financial district from a vehicle controlled by HNA Group for RMB 2.75 billion ($402… Read More>>

CapitaLand has formed a 50:50 joint venture with US real estate private equity firm AEW to acquire 70 percent of the … Read more>>>

Ng Beng Tiong ARA

ARA-Chelsfield JV Buys SG’s Manulife Centre From CDL and Alpha for S$555M

Ng Beng Tiong ARA

2019/01/05 by Michael Cole Leave a Comment

A joint venture between ARA Asset Management and Chelsfield Asia has purchased the Manulife Centre on Singapore’s Bras Basah Road for S$555.5 million ($408.8 million), according to statements released late Friday.

Singapore-based ARA and Chelsfield, the Asian arm of a… Read More>>

A joint venture between ARA Asset Management and Chelsfield Asia has purchased the Manulife Centre on Singapore’s Bras … Read more>>>

16 Shouson Hill Road

Mainland Developer Said to Back HK$1.86B Purchase of Hong Kong Luxury Site

16 Shouson Hill Road

2019/01/05 by Jan Kot Leave a Comment

Carnival Group International Holdings has agreed to sell a low-density residential project on the south side of Hong Kong Island for HK$1.86 billion ($237 million), according to a Hong Kong Stock Exchange filing, bringing the tourism-focused developer a 43 percent capital… Read More>>

Carnival Group International Holdings has agreed to sell a low-density residential project on the south side of Hong … Read more>>>

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