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Everest Building

CSI Properties Said Close to Buying Kowloon Commercial Tower for HK$2.5B

Everest Building

2018/03/25 by Shawna Kwan Leave a Comment

CSI Properties is reportedly close to acquiring a commercial building in the Jordan area of southern Kowloon, Hong Kong for HK$2.45 billion ($312 million).

The Hong Kong-based developer operated by Mico Chung Cho-yee is locked in exclusive talks to buy… Read More>>

CSI Properties is reportedly close to acquiring a commercial building in the Jordan area of southern Kowloon, Hong Kong … Read more>>>

Mitsui Fudosan Buys Art Deco Building in Prime Tokyo District for $811M

2018/03/23 by Shawna Kwan Leave a Comment

Japanese real estate giant Mitsui Fudosan has paid 85.03 billion yen ($811 million) for an 89-year-old building in Tokyo, a price 183 percent higher than expected by the seller, according to a report in Japan Property Central.

The seller of… Read More>>

Japanese real estate giant Mitsui Fudosan has paid 85.03 billion yen ($811 million) for an 89-year-old building in … Read more>>>

Hank Greenberg CV Starr

APL, ADIC, CV Starr and PAG Cash in Landmark Tokyo Building for Reported $1.4B

Hank Greenberg CV Starr

2018/03/22 by Shawna Kwan Leave a Comment

A group of investors led by Hong Kong-based Asia Pacific Land have sold the Shiba Park Building, once Japan’s most expensive en bloc asset, for a reported 150 billion yen ($1.4 billion), according to Tokyo-based brokerage Japan Property Central.

Asia… Read More>>

A group of investors led by Hong Kong-based Asia Pacific Land have sold the Shiba Park Building, once Japan’s most … Read more>>>

China Outlet Mall REIT Falls Short with $302M Singapore IPO

2018/03/22 by Shawna Kwan Leave a Comment

Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone investors.

Including cornerstone… Read More>>

Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 … Read more>>>

Chen Feng HNA

HNA Sells $1.1B in Mainland Real Estate to R&F, Sunac

Chen Feng HNA

2018/03/21 by Shawna Kwan Leave a Comment

After disposing of $5.5 billion of overseas real estate and hotel company stakes since the start of 2018, cash-starved HNA Group has now sold eight properties in mainland China worth $1.1 billion so far this month, according to data from… Read More>>

After disposing of $5.5 billion of overseas real estate and hotel company stakes since the start of 2018, cash-starved … Read more>>>

Pan Wei Ming

Mainland Developer Fullsun Buys Kowloon Condo Project for $117M

Pan Wei Ming

2018/03/19 by Shawna Kwan Leave a Comment

Hong Kong-listed mainland property developer Fullsun International has agreed to purchase a residential project in Ho Man Tin, an upmarket residential area in central Kowloon, for HK$920 million ($117 million), according to a filing to Hong Kong Stock Exchange.

The… Read More>>

Hong Kong-listed mainland property developer Fullsun International has agreed to purchase a residential project in Ho … Read more>>>

CIC Aims To Boost Real Estate, Alternatives to 45% of Overseas Portfolio

2018/03/17 by Greg Isaacson Leave a Comment

China Investment Corporation (CIC) is eyeing more exposure to real estate, as the $930 billion sovereign wealth fund plans to hike alternative and direct investments to 45 percent or more of its overseas portfolio within three years, from 38 percent… Read More>>

China Investment Corporation (CIC) is eyeing more exposure to real estate, as the $930 billion sovereign wealth fund … Read more>>>

Chen Feng HNA

HNA Sells Second Hilton Spin Off for $1.1B As Aviation Regulator Presses for Fuel Payment

Chen Feng HNA

2018/03/15 by Shawna Kwan Leave a Comment

Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 billion stake in Park Hotels & Resorts Inc. The mainland conglomerate is in desperate need of fresh cash as it… Read More>>

Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 … Read more>>>

Stephen Schwarzman Blackstone CIC

CIC Exits 11-Year Blackstone Investment After Learning to Love Alternative Assets

Stephen Schwarzman Blackstone CIC

2018/03/14 by Greg Isaacson Leave a Comment

Sovereign wealth fund China Investment Corporation (CIC) has exited its investment in Blackstone 11 years after taking a stake in the US alternative investment giant. During that stretch, the guardian of China’s foreign exchange reserves and the world’s biggest landlord… Read More>>

Sovereign wealth fund China Investment Corporation (CIC) has exited its investment in Blackstone 11 years after taking a … Read more>>>

Wang Gehong CYPA

China Construction Bank Backs RMB 2B Rental Housing Fund

Wang Gehong CYPA

2018/03/14 by Michael Cole Leave a Comment

China Construction Bank, one of the mainland’s big four lenders, is teaming with rental housing management firm China Young Professionals Apartment Management Ltd (CYPA) to set up a new RMB 2 billion ($315 million) fund aimed at securing and developing… Read More>>

China Construction Bank, one of the mainland’s big four lenders, is teaming with rental housing management firm China … Read more>>>

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