Asia real estate and outbound investment news
A legal tussle between China Vanke and its partner in a Manhattan real estate project took a dramatic turn this week as their creditor, Chinese banking giant ICBC, moved to foreclose on the joint venture’s midtown Manhattan high-rise.
ICBC on… Read More>>
Sinar Mas Land has become the latest Asian investor to make waves in the London real estate market, with the Singapore-listed developer countering a wave of inbound investment with the sale of a freehold office block in Soho.
The company… Read More>>
Singapore’s Mercatus Co-operative will head Down Under to make its first acquisition outside the city-state, joining forces with Dexus, Australia’s biggest office landlord, to buy a 33.3 percent stake in a well-known Sydney commercial tower for A$375 million ($288.1 million).
Singaporean developer Ho Bee Land continues to mine housing opportunities in suburban Australia, announcing Wednesday that local units of the firm had paid A$103.73 million ($81.2 million) to acquire three residential development sites.
The two sites in Victoria and one… Read More>>
Singapore’s Ascendas REIT is stepping up its server-hosting portfolio in a big way with the acquisition of 11 data centres across the UK and continental Europe.
The SGX-listed trust has agreed to acquire the 11-asset portfolio from subsidiaries of US-based… Read More>>
Beijing-based Dalian Wanda Group’s dreams of becoming a Hollywood power player faded further last week with the news that the conglomerate helmed by billionaire Wang Jianlin had ceded majority control of the world’s biggest cinema chain, AMC Theatres.
In a… Read More>>
Hongkongers’ love affair with London real estate shows no sign of cooling, as seen by some well-known names banding together to buy a fully leased office building in the main business district.
HKEX-listed Wing Tai Properties on Sunday announced the… Read More>>
Hong Kong-based developer Tenacity has received the all-clear to build a 33-storey office tower in the City of London after scaling back an earlier design following opposition from heritage groups.
The business district’s planning authority announced on Tuesday that Tenacity… Read More>>
Ascendas India Trust on Tuesday announced that it has agreed to purchase an office building in Hyderabad, India leased almost entirely to online giant Amazon as the CapitaLand-managed REIT continues to build its tech space portfolio on the subcontinent.
The… Read More>>
Singapore’s Mapletree Investments is making another bet on the future of the US tech economy as the Temasek Holdings-controlled real estate firm is linked to the pending sale of an office building in the San Francisco Bay Area.
The Uptown… Read More>>
