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Weave Living-KKR Korea Rental Housing JV Acquires Second Seoul Property

2024/06/17 by Kevin He Leave a Comment

Weave Living and KKR are continuing their push into Korea’s rental residential sector with the acquisition of a second property in Seoul, just two months after the partners’ joint venture purchased its inaugural asset in the Korean capital.

The Hong… Read More>>

Weave Living and KKR are continuing their push into Korea’s rental residential sector with the acquisition of a second … Read more>>>

Michael Arougheti, Chief Executive Officer and President of Ares

Ares Said in Talks to Invest in GLP’s Non-China Fund Business

Michael Arougheti, Chief Executive Officer and President of Ares

2024/06/14 by Michael Cole Leave a Comment

Ares Management, which has expanded its Asia presence through a series of acquisitions over the past four years, may be on the verge of its biggest buy yet, with a report on Friday indicating that the US firm could acquire… Read More>>

Ares Management, which has expanded its Asia presence through a series of acquisitions over the past four years, may be … Read more>>>

Mirae founder Park Hyeon-joo

Mirae Asset Securities in Talks to Sell Seoul Office Building to Woori

Mirae founder Park Hyeon-joo

2024/06/14 by Christopher Caillavet Leave a Comment

Mirae Asset Securities is in due diligence to sell a building it occupies in Seoul’s Yeouido financial district, with the struggling Korean brokerage seizing on a hot local office market to boost its fortunes.

Woori Asset Management has been chosen… Read More>>

Mirae Asset Securities is in due diligence to sell a building it occupies in Seoul’s Yeouido financial district, with … Read more>>>

GIC chief executive Lim Chow Kiat

Singapore’s GIC Teams With Aussie REIT for $179M Self-Storage JV

GIC chief executive Lim Chow Kiat

2024/06/14 by Christopher Caillavet Leave a Comment

Singaporean sovereign fund GIC is setting up a joint venture with an Australia-listed REIT to pursue the development and operation of self-storage centres Down Under.

GIC and National Storage REIT plan to deploy A$270 million ($178.7 million) in total capital… Read More>>

Singaporean sovereign fund GIC is setting up a joint venture with an Australia-listed REIT to pursue the development and … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Regulator Rejects Evergrande Founder’s Appeal as EV Arm Risks Land Confiscation

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

2024/06/12 by Christopher Caillavet Leave a Comment

A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu Jiayin, and other executives penalised for their role in financial fraud and disclosure lapses at the bankrupt developer.

In a document dated 21… Read More>>

A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu … Read more>>>

Brian Kingston, CEO of Brookfield’s real estate business

Brookfield Confirms $300M Deal to Sell Conrad Seoul to ARA Korea

Brian Kingston, CEO of Brookfield’s real estate business

2024/06/11 by Christopher Caillavet Leave a Comment

Brookfield Asset Management announced that it has agreed to sell the Conrad hotel in Seoul to ARA Asset Management’s Korean unit for $300 million, confirming last week’s Mingtiandi report on the transaction.

ARA Korea, through private equity arm ARA Korea… Read More>>

Brookfield Asset Management announced that it has agreed to sell the Conrad hotel in Seoul to ARA Asset Management’s … Read more>>>

Tim Blackburn of Swire Properties

Swire, China Life Fund Buying Sino-Ocean Stake in Beijing Commercial Project for $552M

Tim Blackburn of Swire Properties

2024/06/10 by Kevin He Leave a Comment

Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>

Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in … Read more>>>

HKR International chairman Victor Cha

Hong Kong’s HKRI Warns of Full-Year Loss on Impairments, Markdowns

HKR International chairman Victor Cha

2024/06/10 by Christopher Caillavet Leave a Comment

HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate downturn, with the developer warning of a net loss of unspecified magnitude for the fiscal year to the end of March.

… Read More>>

HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate … Read more>>>

Far East Shopping Centre

Owners Reject Bid for Far East Shopping Centre on Singapore’s Orchard Road

Far East Shopping Centre

2024/06/09 by Christopher Caillavet Leave a Comment

For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last hurdle, with owners rejecting an offer of roughly S$880 million ($654.5 million) for the strata-title property on Singapore’s Orchard… Read More>>

For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last … Read more>>>

Adebayo Ogunlesi GIP

KKR, BlackRock-Backed GIP Launch Coalition to Boost Indo-Pacific Infrastructure

Adebayo Ogunlesi GIP

2024/06/07 by Christopher Caillavet Leave a Comment

KKR and Global Infrastructure Partners on Thursday announced the creation of a coalition to promote infrastructure investment in emerging-market economies of the Indo-Pacific Economic Framework, with the two US companies to serve as co-chairs of the initiative.

A brainchild of… Read More>>

KKR and Global Infrastructure Partners on Thursday announced the creation of a coalition to promote infrastructure … Read more>>>

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