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Stan Tang Stan Group

Stan Group Hotel Up for Sale as Student Housing Conversion in Kowloon

Stan Tang Stan Group

2024/08/12 by Michael Cole Leave a Comment

A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s hospitality market flounders and higher-end rental housing players stay on the sidelines.

Hotel Ease – Mong Kok is… Read More>>

A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s … Read more>>>

Scape CFO Tim Peel (Image: Scape)

Australia’s Scape Raises $2B in Debt as Student Housing Market Surges

Scape CFO Tim Peel (Image: Scape)

2024/08/08 by Kevin He Leave a Comment

Australia’s largest owner and operator of student housing Scape has closed on A$3 billion ($2 billion) in fresh debt financing, with part of the offering nearly three times oversubscribed amid growing appetite for purpose-built student accommodation (PBSA) in the country.

… Read More>>

Australia’s largest owner and operator of student housing Scape has closed on A$3 billion ($2 billion) in fresh debt … Read more>>>

Shuhei Yoshida Nomura

Nomura REIT Buying Hokkaido Hotel From Daiwa House for $43M

Shuhei Yoshida Nomura

2024/08/08 by Christopher Caillavet Leave a Comment

Tokyo-listed Nomura Real Estate Master Fund has agreed to acquire a Hokkaido hotel from Japanese builder Daiwa House Industry for JPY 6.3 billion ($43 million).

The REIT sponsored by Nomura Real Estate Development is buying La’gent Stay Hakodate Ekimae in… Read More>>

Tokyo-listed Nomura Real Estate Master Fund has agreed to acquire a Hokkaido hotel from Japanese builder Daiwa House … Read more>>>

Evergrande Xu Jiayin

Evergrande Liquidators Suing PwC, CBRE for Negligence, Misrepresentation

Evergrande Xu Jiayin

2024/08/07 by Kevin He Leave a Comment

China Evergrande Group’s liquidators have launched legal proceedings against the company’s former auditor PricewaterhouseCoopers (PwC) and valuer CBRE as part of an ongoing effort to recoup losses on behalf of the collapsed mainland developer’s creditors, as the firms face accusations… Read More>>

China Evergrande Group’s liquidators have launched legal proceedings against the company’s former auditor … Read more>>>

Yuzo Nishiyama, head of Australia at Mitsubishi Estate Asia

Mitsubishi Estate Seeks Buyer for 30% Stake in Sydney’s Salesforce Tower

Yuzo Nishiyama, head of Australia at Mitsubishi Estate Asia

2024/08/07 by Christopher Caillavet Leave a Comment

Mitsubishi Estate is marketing its 30 percent stake in Sydney’s tallest office building, with the Japanese property giant saying it plans to reinvest the proceeds in other projects across Australia.

The Tokyo-based investor owns Salesforce Tower in a joint venture… Read More>>

Mitsubishi Estate is marketing its 30 percent stake in Sydney’s tallest office building, with the Japanese property … Read more>>>

Xu Jiayin of Evergrande (Getty Images)

Liquidators Pursuing Evergrande Boss and Associates for $6B in Ill-Gotten Gains

Xu Jiayin of Evergrande (Getty Images)

2024/08/07 by Kevin He Leave a Comment

Reported to be detained since September last year, life is getting worse for China Evergrande Group founder Xu Jiayin and some of his crew, as liquidators of the mainland developer are now seeking to recover $6 billion in dividends and… Read More>>

Reported to be detained since September last year, life is getting worse for China Evergrande Group founder Xu Jiayin … Read more>>>

Ruban Kaneshamoorthy of Brookfield

Brookfield Acquires Half Stake in Australia’s Journal Student Living

Ruban Kaneshamoorthy of Brookfield

2024/08/05 by Kevin He Leave a Comment

Brookfield Asset Management has acquired a 50 percent stake in Journal Student Living, the student accommodation operating unit of Australian developer and investor Citiplan, as it seeks to capitalise on an influx of international students into Australia’s already tight private… Read More>>

Brookfield Asset Management has acquired a 50 percent stake in Journal Student Living, the student accommodation … Read more>>>

Guy Bradley of Swire Properties

Swire Properties Sustains Strong Occupancy at Pacific Place as Rents Drop 16%

Guy Bradley of Swire Properties

2024/08/05 by Christopher Caillavet Leave a Comment

Swire Properties reported 97 percent occupancy at Pacific Place in Hong Kong’s Admiralty area at the end of June, easing from 98 percent at the end of last year, as rents at the flagship office complex tumbled 16 percent for… Read More>>

Swire Properties reported 97 percent occupancy at Pacific Place in Hong Kong’s Admiralty area at the end of June, easing … Read more>>>

Thomas Buberl AXA

BNP Paribas in Talks to Buy AXA Investment Managers for $5.8B

Thomas Buberl AXA

2024/08/02 by Kevin He Leave a Comment

AXA has entered exclusive negotiations to sell its asset management arm AXA Investment Managers (AXA IM) to French financial services giant BNP Paribas for a total consideration of €5.4 billion ($5.8 billion), as the French insurer seeks to focus on… Read More>>

AXA has entered exclusive negotiations to sell its asset management arm AXA Investment Managers (AXA IM) to French … Read more>>>

Hongkong Land CEO Michael Smith

Hongkong Land Books 1H Loss of $833M as Office Headwinds Persist

Hongkong Land CEO Michael Smith

2024/08/02 by Kevin He Leave a Comment

Hongkong Land booked a total half-year attributable loss of $833 million, more than doubling its shortfall from the same period last year, as markdowns on its investment properties continued to weigh on profitability.

The Jardine Matheson-controlled developer’s underlying business recorded… Read More>>

Hongkong Land booked a total half-year attributable loss of $833 million, more than doubling its shortfall from the same … Read more>>>

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