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Ashish Mancharam

PGIM JV Buying Stamford Court From Singapore Land for $99.9M

Ashish Mancharam

2024/08/13 by Michael Cole Leave a Comment

Singapore’s real estate investment market started off the week with a pair of major transactions as SGX-listed Singapore Land late Monday announced the sale of a commercial building near City Hall at an agreed property value of S$132 million ($99.9… Read More>>

Singapore’s real estate investment market started off the week with a pair of major transactions as SGX-listed Singapore … Read more>>>

Tony Tan CICT

CapitaLand’s CICT Boosts Distributable Income 3.7% in 1H on Strong Leasing

Tony Tan CICT

2024/08/13 by Christopher Caillavet Leave a Comment

CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 percent year-on-year, as strong leasing countered missing revenue from an under-renovation German property.

SGX-listed CICT’s distribution per unit for the six months to June rose… Read More>>

CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 … Read more>>>

Ho Bee Land chief executive Nicholas Chua

Brunei Sovereign Fund Buys Stake in Ho Bee Singapore Life Sciences Complex for $205M

Ho Bee Land chief executive Nicholas Chua

2024/08/12 by Michael Cole Leave a Comment

Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early Monday that it has agreed to sell a 49 percent stake in a life science complex in the city-state’s One North… Read More>>

Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early … Read more>>>

Li Sze Lim of R&F Properties 1 (Getty Images)

China’s Guangzhou R&F Defaults on $4.53B in Offshore Bonds

Li Sze Lim of R&F Properties 1 (Getty Images)

2024/08/12 by Michael Cole Leave a Comment

A builder once ranked among China’s largest developers has fallen still further into distress with Guangzhou R&F Properties announcing on Sunday that it has failed to make interest payments on offshore bonds worth a total of $4.53 billion.

The developer… Read More>>

A builder once ranked among China’s largest developers has fallen still further into distress with Guangzhou R&F … Read more>>>

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>>>

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