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larry fink blackrock

BlackRock, GIP, Microsoft, MGX in $100B Deal to Invest in Data Centres, AI Infrastructure

larry fink blackrock

2024/09/18 by Kevin He Leave a Comment

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and Abu Dhabi state-backed artificial intelligence investment firm MGX have formed a partnership that will invest in AI related infrastructure, with a total investment potential of up to $100 billion to deploy into data… Read More>>

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and Abu Dhabi state-backed artificial intelligence … Read more>>>

Hulic chairman Saburo Nishiura

Hulic Makes $1.2B Bid to Take Over Japanese Builder From Hong Kong’s Oasis

Hulic chairman Saburo Nishiura

2024/09/16 by Christopher Caillavet Leave a Comment

Japanese real estate giant Hulic has launched a takeover bid for Raysum, a Tokyo-listed builder controlled by Hong Kong fund manager Oasis Management, at a total acquisition cost of JPY 173.5 billion ($1.2 billion).

Hulic on Friday announced a tender… Read More>>

Japanese real estate giant Hulic has launched a takeover bid for Raysum, a Tokyo-listed builder controlled by Hong Kong … Read more>>>

Li Ka-shing CK Asset

CK Asset’s Orion3 Seeks to Raise Up to $1B for Private Debt Fund With Muzinich

Li Ka-shing CK Asset

2024/09/16 by Christopher Caillavet Leave a Comment

Orion3, a fund manager backed by Hong Kong property giant CK Asset Holdings, has teamed with Manhattan-based Muzinich & Co on an infrastructure and real assets private debt strategy targeting a size of between $500 million and $1 billion.

The… Read More>>

Orion3, a fund manager backed by Hong Kong property giant CK Asset Holdings, has teamed with Manhattan-based Muzinich … Read more>>>

GIC chief executive Lim Chow Kiat

GIC Confirms Sale of Fukuoka Hilton to Mizuho Leasing, Flip to Japan Hotel REIT Expected

GIC chief executive Lim Chow Kiat

2024/09/14 by Kevin He, Michael Cole Leave a Comment

GIC has closed on Asia Pacific’s largest hotel deal by room-count this year with a spokesperson confirming to Mingtiandi on Friday that the Singapore sovereign fund sold the Hilton Fukuoka Sea Hawk to Mizuho Leasing in a transaction which closed… Read More>>

GIC has closed on Asia Pacific's largest hotel deal by room-count this year with a spokesperson confirming to Mingtiandi … Read more>>>

Ong Beng Seng

Ong Beng Seng’s HPL Leads Sale Effort for Orchard Road Hotel Complex

Ong Beng Seng

2024/09/14 by Michael Cole Leave a Comment

Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s Orchard Road, Ong Beng Seng’s Hotel Properties Ltd is poised to sell a commercial complex along the eastern portion of… Read More>>

Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s … Read more>>>

Tong building

Orchard Road Office Floor Trades for $24M as Singapore Strata Market Heats Up

Tong building

2024/09/14 by Christopher Caillavet Leave a Comment

An Orchard Road office floor has sold to a local healthcare group for S$31.3 million ($24 million), deal broker Savills confirmed Friday, as Singapore’s strata market shows signs of picking up amid a broader commercial real estate recovery.

Parkway Hospitals… Read More>>

An Orchard Road office floor has sold to a local healthcare group for S$31.3 million ($24 million), deal broker Savills … Read more>>>

Tuhin-Parikh Blackstone

Blackstone-Backed Ventive Hospitality Files for $238M India IPO

Tuhin-Parikh Blackstone

2024/09/12 by Kevin He Leave a Comment

Ventive Hospitality, an Indian hotel developer, owner, and manager backed by Blackstone and local builder Panchshil Realty, is preparing to list its 2,036-key portfolio of hotels across India and the Maldives in an IPO that could raise up to INR… Read More>>

Ventive Hospitality, an Indian hotel developer, owner, and manager backed by Blackstone and local builder Panchshil … Read more>>>

ITC Properties chairman Edwin Cheung Hon-kit

Hong Kong’s ITC In Talks to Sell Wan Chai Office Tower as Losses Widen

ITC Properties chairman Edwin Cheung Hon-kit

2024/09/06 by Kevin He Leave a Comment

Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor continues to divest assets amid mounting losses.

The HKEX-listed builder is in discussions to offload 250 Hennessy, a commercial… Read More>>

Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor … Read more>>>

SHKP chairman Raymond Kwok

SHKP Profit Tumbles 20% to $2.4B as Hong Kong Slump Hits Portfolio

SHKP chairman Raymond Kwok

2024/09/06 by Christopher Caillavet Leave a Comment

Sun Hung Kai Properties reported a full-year attributable profit of HK$19 billion ($2.4 billion), down 20 percent, as Hong Kong’s largest developer saw its property portfolio drop in value amid the city’s prolonged real estate slump.

The builder controlled by… Read More>>

Sun Hung Kai Properties reported a full-year attributable profit of HK$19 billion ($2.4 billion), down 20 percent, as … Read more>>>

Chi 138 in Wan Chai

Blackstone in Due Diligence to Enter Hong Kong Rental Residential with $96M Deal

Chi 138 in Wan Chai

2024/09/05 by Kevin He Leave a Comment

The world’s largest real estate fund manager may be about to enter Hong Kong’s rental residential market, with Blackstone understood to be in advanced talks to acquire two Hong Kong serviced apartment blocks from local living operator Chi Residences.

The… Read More>>

The world’s largest real estate fund manager may be about to enter Hong Kong’s rental residential market, with … Read more>>>

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