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Chen Hongtian of Cheung Kei

Receivers Sell Former Cheung Kei Hong Kong HQ at 62% Off as Banks Take Haircut

Chen Hongtian of Cheung Kei

2024/11/27 by Kevin He Leave a Comment

Hong Kong Metropolitan University (HKMU) has agreed to buy a Kowloon office building that once served as the Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the asset lost nearly two thirds of its value… Read More>>

Hong Kong Metropolitan University (HKMU) has agreed to buy a Kowloon office building that once served as the Hong Kong … Read more>>>

David Warneford Hines

Hines Affirms Commitment to Aussie Living Sector After BTR Sites Put Up for Sale

David Warneford Hines

2024/11/26 by Christopher Caillavet Leave a Comment

Hines has made a strategic shift from developing Australian rental residential assets in favour of purchasing properties with near-term income potential, the US developer and fund manager said Tuesday, after local media suggested the company was retreating from the build-to-rent… Read More>>

Hines has made a strategic shift from developing Australian rental residential assets in favour of purchasing properties … Read more>>>

Gale Well vice chairman and CEO Jacinto Tong

Hong Kong’s Gale Well Group Marketing $202M Portfolio as Founder Calls for a Time Out

Gale Well vice chairman and CEO Jacinto Tong

2024/11/26 by Kevin He Leave a Comment

Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties worth around a combined HK$1.6 billion ($202 million), as the privately held company’s founder declares plans to take… Read More>>

Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties … Read more>>>

Angelo Scasserra

CapitaLand Investment Sets $650M Target for New Australia Funds as China Outlook Fades

Angelo Scasserra

2024/11/23 by Christopher Caillavet Leave a Comment

CapitaLand Investment is committing up to A$1 billion ($650 million) to increase its funds under management in Australia, as the Singaporean giant continues to sketch out a strategic shift away from its loss-making real estate bets in China.

SGX-listed CapitaLand… Read More>>

CapitaLand Investment is committing up to A$1 billion ($650 million) to increase its funds under management in … Read more>>>

Nikhil Reddy Goldman Sachs

Goldman Sachs Acquires Japan Apartments From CapitaLand Ascott Trust for $89M

Nikhil Reddy Goldman Sachs

2024/11/22 by Kevin He Leave a Comment

Goldman Sachs has expanded its Japanese multi-family portfolio with a JPY 12.7 billion ($89 million) acquisition of a 389-unit rental residential property in Fukuoka from SGX-listed CapitaLand Ascott Trust.

The purchase by Goldman Sachs Alternatives, a unit of Goldman’s asset… Read More>>

Goldman Sachs has expanded its Japanese multi-family portfolio with a JPY 12.7 billion ($89 million) acquisition of a … Read more>>>

Suchad Chiaranussati, SC Capital Partners

CapitaLand Investment Acquiring Singapore’s SC Capital to Boost Fund Management

Suchad Chiaranussati, SC Capital Partners

2024/11/20 by Kevin He Leave a Comment

CapitaLand Investment Ltd has struck a deal to expand its fund management business with the proposed acquisition of Singapore-based real estate investment manager SC Capital Partners, tripling its funds under management in Japan while growing its business across Asia Pacific.

… Read More>>

CapitaLand Investment Ltd has struck a deal to expand its fund management business with the proposed acquisition of … Read more>>>

KKR Japan CEO Hiro Hirano

KKR Tops Bain Bid by Narrowest of Margins in Second Tender Offer for Fuji Soft

KKR Japan CEO Hiro Hirano

2024/11/18 by Christopher Caillavet Leave a Comment

US private equity giant KKR on Friday announced an increase in its tender offer price for Japan’s Fuji Soft, narrowly eclipsing Bain Capital’s competing bid for the Tokyo-listed systems developer.

KKR expects to begin the second stage of its two-stage… Read More>>

US private equity giant KKR on Friday announced an increase in its tender offer price for Japan’s Fuji Soft, narrowly … Read more>>>

Chen Hongtian of Cheung Kei

Sale of Kowloon Office Block Faces Hurdles as $385M China Mobile Offer Reported

Chen Hongtian of Cheung Kei

2024/11/18 by Kevin He Leave a Comment

China Mobile is reportedly in talks to acquire the former Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the grade A office asset lost nearly two thirds of its value over the past two years.

… Read More>>

China Mobile is reportedly in talks to acquire the former Hong Kong headquarters building of defaulted mainland property … Read more>>>

Hongkong Land CEO Michael Smith

Hongkong Land Reports Q3 Profit Jump on China Project Completions

Hongkong Land CEO Michael Smith

2024/11/17 by Kevin He Leave a Comment

Getting homes into the hands of mainland buyers helped boost Hongkong Land’s bottom line in the third quarter, with the blue chip developer reporting improved underlying profit for the period thanks to handing over housing completed at its residential and… Read More>>

Getting homes into the hands of mainland buyers helped boost Hongkong Land’s bottom line in the third quarter, with the … Read more>>>

Tony Tan CICT

CapitaLand Commercial REIT Sells WeWork-Leased Singapore Tower for $510M

Tony Tan CICT

2024/11/14 by Christopher Caillavet Leave a Comment

CapitaLand Integrated Commercial Trust sold its 21 Collyer Quay office tower in Singapore’s Raffles Place to an undisclosed buyer on Monday for S$688 million ($510.8 million), the SGX-listed REIT’s manager announced Tuesday.

The sale price is equal to an independent… Read More>>

CapitaLand Integrated Commercial Trust sold its 21 Collyer Quay office tower in Singapore’s Raffles Place to an … Read more>>>

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