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Wang Jianlin Wanda Getty Images

Wanda’s Wang Jianlin Selling Film Unit to Tencent-Backed China Ruyi

Wang Jianlin Wanda Getty Images

2023/12/07 by Kevin He Leave a Comment

Wang Jianlin, the billionaire chairman of troubled Chinese developer Dalian Wanda Group, is set to sell his controlling stake in the company’s film business, with the once would-be media mogul shedding his movie holdings amid a liquidity crunch.

In a… Read More>>

Wang Jianlin, the billionaire chairman of troubled Chinese developer Dalian Wanda Group, is set to sell his controlling … Read more>>>

jude yang, mastern

Mastern APAC, STS Raising $150M for Korean Senior Housing Fund

jude yang, mastern

2023/12/06 by Kevin He Leave a Comment

Korean real estate fund manager Mastern Investment Management and local developer STS Development are seeking to raise at least $150 million from Asian investors for Korea’s first senior housing development fund, as Korea’s rapidly ageing population fuels demand for residential… Read More>>

Korean real estate fund manager Mastern Investment Management and local developer STS Development are seeking to raise … Read more>>>

Hiroaki Hoshino Tokyu Group

Japanese Internet Provider Ups Stake in Tokyo Office Tower for $100M

Hiroaki Hoshino Tokyu Group

2023/12/06 by Poonyapat Luenam Leave a Comment

TSE-listed GMO Internet Group has agreed to buy an additional 35 percent stake in a Tokyo commercial tower from Tokyu Group for JPY 15 billion ($100 million), as the online infrastructure giant sees an opportunity to put its name on… Read More>>

TSE-listed GMO Internet Group has agreed to buy an additional 35 percent stake in a Tokyo commercial tower from Tokyu … Read more>>>

Daisuke Kitta Blackstone

Blackstone Buys Kyoto Hotel From Goldman Sachs for Reported $54M

Daisuke Kitta Blackstone

2023/12/05 by Kevin He Leave a Comment

US private equity giant Blackstone has acquired a Kyoto hotel from Goldman Sachs, as global investors snap up Japanese hospitality assets to take advantage of a post-pandemic tourism rebound in Asia’s second-largest economy.

Blackstone purchased the 158-key Moxy Kyoto Nijo… Read More>>

US private equity giant Blackstone has acquired a Kyoto hotel from Goldman Sachs, as global investors snap up Japanese … Read more>>>

Centurion chief executive Kong Chee Min

Centurion Selling Malaysia Worker Dorms to Local Pension Fund for $47M

Centurion chief executive Kong Chee Min

2023/12/05 by Beatrice Laforga Leave a Comment

Singapore rental housing specialist Centurion Corp is selling two worker dormitories in Malaysia to the country’s largest public sector pension fund, Kumpulan Wang Persaraan (KWAP), for MYR 227 million ($47 million).

Centurion entered into a sale-and-leaseback deal with KWAP on… Read More>>

Singapore rental housing specialist Centurion Corp is selling two worker dormitories in Malaysia to the country’s … Read more>>>

Stan Tang Stan Group

Hong Kong’s Tang Family in Fresh Attempt at Kowloon East Hotel Sale

Stan Tang Stan Group

2023/12/04 by Kevin He Leave a Comment

The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their latest move to wind down the family’s property portfolio after an ill-timed venture into the city’s hospitality sector… Read More>>

The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their … Read more>>>

Kazuaki Chokki, executive Officer of Hulic REIT

Hulic REIT Acquiring Tokyo Hotel, Office Building From Sponsor in $45M Deal

Kazuaki Chokki, executive Officer of Hulic REIT

2023/12/01 by Poonyapat Luenam Leave a Comment

TSE-listed Hulic REIT has agreed to buy a hotel in Tokyo’s Roppongi district and an office building in the capital’s Honkomagome area for JPY 6.88 billion ($45 million) from the trust’s sponsor Hulic. 

The Japanese REIT said in a statement… Read More>>

TSE-listed Hulic REIT has agreed to buy a hotel in Tokyo’s Roppongi district and an office building in the capital’s … Read more>>>

Powerlong chairman Hoi Kin Hong

Powerlong Joins China’s Defaulting Developer Club After Missing $16M Interest Payment

Powerlong chairman Hoi Kin Hong

2023/12/01 by Kevin He Leave a Comment

Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment on an offshore bond and hiring restructuring advisors, according to a company stock exchange filing on Tuesday.

Having failed to pay $15.9 million… Read More>>

Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment … Read more>>>

Ben Hawkins, head of infrastructure & renewable resources at Alberta Investment Management (AIMCo)

Shimao Chairman Selling $199M Aussie Ranchland Portfolio to AIMCo JV

Ben Hawkins, head of infrastructure & renewable resources at Alberta Investment Management (AIMCo)

2023/11/30 by Kevin He Leave a Comment

The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>

The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch … Read more>>>

Keppel Corporation CEO Loh Chin Hua

Keppel Announces $1B Buyout of European Asset Manager Aermont

Keppel Corporation CEO Loh Chin Hua

2023/11/30 by Beatrice Laforga Leave a Comment

Keppel Corp has agreed to buy out European fund manager Aermont Capital in a deal worth up to €931.86 million ($1 billion) as the Singapore-based conglomerate continues its efforts to transform into a global asset management giant.

Keppel, through its… Read More>>

Keppel Corp has agreed to buy out European fund manager Aermont Capital in a deal worth up to €931.86 million ($1 … Read more>>>

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