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FEC chairman and CEO David Chiu

Hong Kong’s Far East Consortium Marketing Aussie Ritz-Carltons for Reported $342M

FEC chairman and CEO David Chiu

2023/07/18 by Beatrice Laforga Leave a Comment

Hong Kong-based developer Far East Consortium (FEC) is marketing a pair of newly built Ritz-Carlton hotels in Melbourne and Perth with a combined 462 luxury rooms, testing the strength of a rebound in sales of hospitality assets.

The listed firm… Read More>>

Hong Kong-based developer Far East Consortium (FEC) is marketing a pair of newly built Ritz-Carlton hotels in Melbourne … Read more>>>

VisionCrest Commercial 1

German Asset Manager Marketing Singapore Office Building for $350M

VisionCrest Commercial 1

2023/07/12 by Beatrice Laforga Leave a Comment

German asset manager Union Investment is set to test investor appetite for Singapore commercial real estate as agents begin marketing an office block near the Orchard Road shopping strip at an asking price of S$470 million ($350 million).

JLL and… Read More>>

German asset manager Union Investment is set to test investor appetite for Singapore commercial real estate as agents … Read more>>>

Alan Kam AB Capital

Hong Kong’s AB Capital Adds to Japan Portfolio With Tokyo Hotel Buy

Alan Kam AB Capital

2023/07/12 by Christopher Caillavet Leave a Comment

Hong Kong-based AB Capital Investment has acquired a 220-room hotel in Tokyo for an undisclosed amount, marking the hospitality-focused private equity firm’s fourth hotel acquisition in Japan since the COVID-19 pandemic.

The firm led by co-founder and CEO Alan Kam… Read More>>

Hong Kong-based AB Capital Investment has acquired a 220-room hotel in Tokyo for an undisclosed amount, marking the … Read more>>>

Sun Dongping New Ease D&J

China’s DNE Group Sets Up $485M Life Science Fund to Invest in Pudong Project 

Sun Dongping New Ease D&J

2023/07/11 by Christopher Caillavet Leave a Comment

China’s DNE Group on Tuesday announced the establishment of a more than RMB 3.5 billion ($485 million) life science park fund to invest in an R&D project in Shanghai’s Pudong district.

Among the backers for the fund is a local… Read More>>

China’s DNE Group on Tuesday announced the establishment of a more than RMB 3.5 billion ($485 million) life science park … Read more>>>

Cromwell Property Group chairman Gary Weiss

Cromwell Property Fund to Merge With Australian Unity Vehicle in $730M Tie-Up

Cromwell Property Group chairman Gary Weiss

2023/07/09 by Christopher Caillavet Leave a Comment

ASX-listed Cromwell Property Group on Friday announced an agreement to merge its Cromwell Direct Property Fund with Australian Unity’s Diversified Property Fund to form a 15-asset portfolio valued at A$1.1 billion ($730 million).

The merger will result in unitholders in… Read More>>

ASX-listed Cromwell Property Group on Friday announced an agreement to merge its Cromwell Direct Property Fund with … Read more>>>

Lian Beng chairman Ong Pang Aik

Lian Beng’s $251M Buyout Moving Forward as Shareholders Accept Chairman’s Sweetened Offer

Lian Beng chairman Ong Pang Aik

2023/07/05 by Christopher Caillavet Leave a Comment

The Ong family behind Lian Beng Group has persuaded enough shareholders to accept a sweetened buyout offer for the Singapore-listed developer for the privatisation to move ahead towards a delisting.

Led by Lian Beng chairman and patriarch Ong Paik Ang,… Read More>>

The Ong family behind Lian Beng Group has persuaded enough shareholders to accept a sweetened buyout offer for the … Read more>>>

ParkRoyal on Kitchener

Pan Pacific Selling Little India Hotel to Worldwide for $389M in Singapore Record Deal

ParkRoyal on Kitchener

2023/07/05 by Beatrice Laforga Leave a Comment

Pan Pacific Hotels Group is selling the Parkroyal on Kitchener Road hotel in Singapore’s Little India neighbourhood for S$525 million ($389 million) in the city-state’s largest hospitality deal ever.

The hospitality arm of Singapore property conglomerate UOL Group said in… Read More>>

Pan Pacific Hotels Group is selling the Parkroyal on Kitchener Road hotel in Singapore’s Little India neighbourhood for … Read more>>>

Kwek Leng Beng CDL

Singapore’s CDL Buys Seoul Hotel From Shinhan REIT for $110M

Kwek Leng Beng CDL

2023/07/04 by Christopher Caillavet Leave a Comment

City Developments Ltd has acquired a 408-room hotel in Seoul for KRW 140 billion ($110 million), betting on strong demand driven by international visitors to South Korea.

Singapore’s biggest non-state-controlled developer bought the Nine Tree Premier Hotel Myeongdong II from… Read More>>

City Developments Ltd has acquired a 408-room hotel in Seoul for KRW 140 billion ($110 million), betting on strong … Read more>>>

Hui Wing Mau Shimao

Shimao Clinches Deal to Restructure Sheraton Hong Kong Hotel Loans

Hui Wing Mau Shimao

2023/07/04 by Christopher Caillavet Leave a Comment

Shimao Group on Monday announced a “definitive agreement” with lenders to restructure the existing project loan facilities of the troubled developer’s Sheraton & Four Points by Sheraton Tung Chung Hotel in Hong Kong.

Clinched last month, the loan restructuring deal… Read More>>

Shimao Group on Monday announced a “definitive agreement” with lenders to restructure the existing project loan … Read more>>>

Christina Gaw

Gaw Capital Beats Target With $3B Final Closing of APAC Opportunistic Fund

Christina Gaw

2023/07/02 by Christopher Caillavet Leave a Comment

Hong Kong’s Gaw Capital Partners has announced the final closing of its seventh Asia Pacific real estate fund, bringing total equity raised for the opportunistic vehicle to $3 billion.

The family-run private equity firm overcame challenges stemming from the pandemic… Read More>>

Hong Kong’s Gaw Capital Partners has announced the final closing of its seventh Asia Pacific real estate fund, bringing … Read more>>>

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