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Bernard Armstrong

Japan’s Sumitomo Forestry Takes on $790M Australia BTR JV

Bernard Armstrong

2024/04/07 by Mingtiandi Team Leave a Comment

A real estate affiliate of Japan’s Sumitomo Corporation has formed a wood-themed A$1.2 billion ($790 million) joint venture with Brisbane property firm Cedar Pacific to develop rental housing in Australia as Japanese companies deepen their involvement in the country’s residential… Read More>>

A real estate affiliate of Japan’s Sumitomo Corporation has formed a wood-themed A$1.2 billion ($790 million) joint … Read more>>>

Yang Huiyan Country Garden

Country Garden Services Executive Resigns, Share Option Scheme Cancelled

Yang Huiyan Country Garden

2024/04/07 by Christopher Caillavet Leave a Comment

Country Garden Services Holdings on Wednesday announced the resignation of an executive director and the cancellation of the company’s 2020-era share option scheme.

The property management arm of troubled Chinese developer Country Garden said Guo Zhanjun stepped down with immediate… Read More>>

Country Garden Services Holdings on Wednesday announced the resignation of an executive director and the cancellation of … Read more>>>

UnionInvestment Adam

Germany’s Union Investment Sells Pair of Tokyo Office Buildings for Over $297M

UnionInvestment Adam

2024/04/04 by Poonyapat Luenam Leave a Comment

As office rents in central Tokyo continue to climb, Germany’s Union Investment has sold a pair of commercial towers in the city’s central Shibuya ward after holding the assets for over nine years.

The Frankfurt-based fund manager in February announced… Read More>>

As office rents in central Tokyo continue to climb, Germany’s Union Investment has sold a pair of commercial towers in … Read more>>>

Hei Ming Cheng KaiLong

Goldman, KaiLong Selling Hong Kong Commercial Building for $89M

Hei Ming Cheng KaiLong

2024/04/02 by Mingtiandi Team Leave a Comment

Goldman Sachs and Hong Kong’s Kailong Group have sold a newly developed commercial building near Central for around $33 million less than they paid to acquire the site seven years ago, as property values in the Asian financial hub continue… Read More>>

Goldman Sachs and Hong Kong’s Kailong Group have sold a newly developed commercial building near Central for around $33 … Read more>>>

Wee Lih Koh

Singapore’s Keppel REIT Buys Half-Stake in Sydney Office Tower From Mirvac for $237M

Wee Lih Koh

2024/04/01 by Beatrice Laforga Leave a Comment

Singapore-listed Keppel REIT is paying A$363.8 million ($237.09 million) to acquire a 50 percent stake in an office tower in central Sydney from a fund managed by Mirvac, confirming an earlier account by Mingtiandi.

The REIT’s manager announced on Monday… Read More>>

Singapore-listed Keppel REIT is paying A$363.8 million ($237.09 million) to acquire a 50 percent stake in an office … Read more>>>

Chris Kim Head of Blackstone Real Estate Korea

Blackstone Sells Seoul’s Arc Place to Koramco Fund for $588M

Chris Kim Head of Blackstone Real Estate Korea

2024/03/31 by Michael Cole Leave a Comment

Blackstone has closed on Korea’s biggest real estate asset transaction of this year, with the company confirming that it has sold Arc Place in Seoul to local fund manager Koramco.

The 62,748 square metre (675,414 square foot) property is changing… Read More>>

Blackstone has closed on Korea’s biggest real estate asset transaction of this year, with the company confirming that it … Read more>>>

Marubeni Corporation president and CEO Masumi Kakinoki

Marubeni’s United Urban J-REIT Unloading Kawasaki Toshiba Building for $130M

Marubeni Corporation president and CEO Masumi Kakinoki

2024/03/29 by Christopher Caillavet Leave a Comment

United Urban Investment Corporation has agreed to sell an ageing Greater Tokyo office building to an undisclosed buyer for JPY 19 billion ($130 million), with the TSE-listed REIT also planning to acquire more strata space in the capital’s Chiyoda ward.

… Read More>>

United Urban Investment Corporation has agreed to sell an ageing Greater Tokyo office building to an undisclosed buyer … Read more>>>

Yang Huiyan Country Garden

Country Garden Delays Annual Results as Chinese Developers Report More Losses

Yang Huiyan Country Garden

2024/03/29 by Kevin He Leave a Comment

Country Garden, China’s largest private property developer, has delayed the publication of its 2023 financial results, citing the need to collect more information to make appropriate accounting estimates and judgments.

In a filing to the Hong Kong Stock Exchange on… Read More>>

Country Garden, China’s largest private property developer, has delayed the publication of its 2023 financial results, … Read more>>>

Global Link Management chief executive Daejoong Kim

Tokyo-Listed Real Estate Firm Selling 14 Japanese Residential Assets for Over $99M

Global Link Management chief executive Daejoong Kim

2024/03/28 by Poonyapat Luenam Leave a Comment

Japan’s Global Link Management is selling a portfolio of apartment buildings across Tokyo and two neighbouring prefectures as investors continue to favour opportunities in Asia’s largest rental housing market.

The TSE-listed developer is selling 14 multi-family properties in Tokyo, Saitama,… Read More>>

Japan’s Global Link Management is selling a portfolio of apartment buildings across Tokyo and two neighbouring … Read more>>>

Sachin Doshi, Weave Living

KKR Latest Global Heavyweight to Team with Weave Living as Korea Venture Unveiled

Sachin Doshi, Weave Living

2024/03/26 by Christopher Caillavet Leave a Comment

Weave Living has secured buyout giant KKR as its newest capital partner for the regional apartment operator’s first investments in South Korea, with a focus on Seoul.

The partnership aims to build a rental housing portfolio of 1,200 units with… Read More>>

Weave Living has secured buyout giant KKR as its newest capital partner for the regional apartment operator’s first … Read more>>>

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