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Truong My Lan

Vietnam to Prosecute Van Thinh Phat Boss Truong My Lan for Laundering $17.5B

Truong My Lan

2024/06/06 by Kevin He Leave a Comment

Vietnamese authorities are seeking to prosecute Truong My Lan for money laundering, two months after the convicted boss of Ho Chi Minh City-based developer Van Thinh Phat Group was handed the death penalty for orchestrating an embezzlement scheme that led… Read More>>

Vietnamese authorities are seeking to prosecute Truong My Lan for money laundering, two months after the convicted boss … Read more>>>

Laurent Jacquemin, head of Asia Pacific of AXA IM Alts

AXA IM Alts Buys Kyoto Hotel for $44M as Japan Hospitality Deal Streak Continues

Laurent Jacquemin, head of Asia Pacific of AXA IM Alts

2024/06/05 by Kevin He Leave a Comment

AXA IM Alts has acquired a Kyoto hotel for JPY 6.8 billion ($44 million), as global investors continue to favour Japanese hospitality assets amid a tourism boom that drove visitor arrivals to a record 8.56 million in the first quarter,… Read More>>

AXA IM Alts has acquired a Kyoto hotel for JPY 6.8 billion ($44 million), as global investors continue to favour … Read more>>>

Tencent Moves Raffles Place Staff to CapitaLand’s The Work Project at CapitaSky

2024/06/05 by Christopher Caillavet Leave a Comment

Tencent has moved some of its Singapore staff to The Work Project’s flexible office space at CapitaSky in Tanjong Pagar, with a spokesman for the Chinese internet giant confirming the shift on Wednesday.

Tencent is leasing one floor, or about… Read More>>

Tencent has moved some of its Singapore staff to The Work Project’s flexible office space at CapitaSky in Tanjong Pagar, … Read more>>>

ARA Korea CEO Anthony Kang

ARA Korea Buying Conrad Seoul Hotel from Brookfield for $289M

ARA Korea CEO Anthony Kang

2024/06/04 by Kevin He Leave a Comment

The Korean unit of Singapore-based real estate fund manager ARA Asset Management has agreed to acquire the Conrad hotel in Seoul from Canadian giant Brookfield Asset Management, after a travel rebound saw the number of international tourists in the first… Read More>>

The Korean unit of Singapore-based real estate fund manager ARA Asset Management has agreed to acquire the Conrad hotel … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Marketing Singapore Worker Housing Portfolio

Stephen Schwarzman Blackstone

2024/06/02 by Beatrice Laforga Leave a Comment

Blackstone is marketing a portfolio of foreign worker dormitories in Singapore after holding the properties for more than a decade, Mingtiandi has learned.

The private equity giant has appointed Barclays to market the Avery Lodge portfolio, a set of four… Read More>>

Blackstone is marketing a portfolio of foreign worker dormitories in Singapore after holding the properties for more … Read more>>>

Sharon Lim of Mapletree

PAG Buying Mapletree Anson From MPACT for $574M in Singapore’s Biggest Deal of 2024

Sharon Lim of Mapletree

2024/05/31 by Beatrice Laforga Leave a Comment

Mapletree Pan Asia Commercial Trust (MPACT) is selling its flagship office building in downtown Singapore to regional private equity titan PAG for S$775 million ($574 million), in a deal which will rank as the city-state’s largest office transaction in two… Read More>>

Mapletree Pan Asia Commercial Trust (MPACT) is selling its flagship office building in downtown Singapore to regional … Read more>>>

Gordon Tang Singhaiyi

Gordon Tang Family Set to Take Over as ARA US Hospitality REIT Sponsor From ESR

Gordon Tang Singhaiyi

2024/05/31 by Beatrice Laforga Leave a Comment

Mysterious mainland investor Gordon Tang and his wife Celine are set to expand their empire of Singapore real estate companies with the Tang family set to take control of the manager of ARA US Hospitality Trust at the same time… Read More>>

Mysterious mainland investor Gordon Tang and his wife Celine are set to expand their empire of Singapore real estate … Read more>>>

arpit singh xander

GIC, Xander Buy India Business Park from Pimco Prime JV for $260M

arpit singh xander

2024/05/30 by Kevin He Leave a Comment

Private equity firm Xander Investment Management announced on Wednesday that a partnership involving the company has acquired the Waverock office campus in the southern India city of Hyderabad from a Shapoorji Pallonji Group fund for INR 22 billion ($260 million),… Read More>>

Private equity firm Xander Investment Management announced on Wednesday that a partnership involving the company has … Read more>>>

Hiew Yoon Khong of Mapletree

Mapletree Posts $427M Loss as Global Office Assets Take Valuation Hit

Hiew Yoon Khong of Mapletree

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Mapletree reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, reversing a year-earlier net profit of S$1.1 billion, as the real estate investor marked down asset values amid a global… Read More>>

Singapore’s Mapletree reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, … Read more>>>

nicholas allen link reit chairman

Link REIT Books 11% Annual Revenue Growth, Swings to HK$2.5B Loss on Markdowns

nicholas allen link reit chairman

2024/05/29 by Kevin He 1 Comment

Link REIT, Asia’s largest property trust by market cap, posted a loss of HK$2.5 billion for the fiscal year ended March 2024, as valuation markdowns on its investment properties overshadowed an 11 percent annual increase in revenue.

The HKEX-listed trust… Read More>>

Link REIT, Asia’s largest property trust by market cap, posted a loss of HK$2.5 billion for the fiscal year ended March … Read more>>>

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