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Adar Poonawalla SII

Indian Vaccine Heir Said Buying London’s Priciest Home of 2023 in $173M Deal

Adar Poonawalla SII

2023/12/13 by Beatrice Laforga Leave a Comment

Indian vaccine tycoon Adar Poonawalla is reportedly spending about £138 million ($173 million) to purchase a mansion in London’s West End in what ranks as the UK capital’s most expensive home purchase this year.

Poonawalla, chief executive of Serum Institute… Read More>>

Indian vaccine tycoon Adar Poonawalla is reportedly spending about £138 million ($173 million) to purchase a mansion in … Read more>>>

Sherman Kwek of CDL

Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects

Sherman Kwek of CDL

2023/11/17 by Kevin He, Beatrice Laforga Leave a Comment

Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.

A joint venture between CDL and UK developer… Read More>>

Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of … Read more>>>

Yang Huiyan Country Garden

Country Garden Sells Melbourne Project to Frasers After Bond Default

Yang Huiyan Country Garden

2023/10/23 by Michael Cole Leave a Comment

Country Garden Holdings has agreed to sell an unfinished housing project near Melbourne, Australia to Singapore’s Frasers Property, market sources have confirmed to Mingtiandi, with the asset sale emerging during the same week that China’s largest developer formally defaulted on… Read More>>

Country Garden Holdings has agreed to sell an unfinished housing project near Melbourne, Australia to Singapore’s … Read more>>>

Jonathan-D-Gray

Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M

Jonathan-D-Gray

2023/10/17 by Beatrice Laforga Leave a Comment

Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned by Blackstone and Mirvac for about A$777 million ($494 million), making Australia’s largest office buy so far this year.

Mirvac has… Read More>>

Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Marketing London Office Tower Seized From Mainland Tycoon

Chen Hongtian of Cheung Kei

2023/10/16 by Michael Cole Leave a Comment

Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime… Read More>>

Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf … Read more>>>

Christina Tan of Keppel

Singapore’s Keppel Buys Pair of Sydney School Campuses for $125M

Christina Tan of Keppel

2023/10/16 by Beatrice Laforga Leave a Comment

Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private education fund for a total of A$198 million ($125 million), the company announced late Thursday.

The company said its Keppel Education… Read More>>

Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private … Read more>>>

Simon-Garing Cromwell EREIT

Cromwell EREIT Continues Debt Reduction with $99M Sale of Italian Office Campus

Simon-Garing Cromwell EREIT

2023/10/09 by Beatrice Laforga Leave a Comment

Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the Singapore-listed trust continues to sell of non-core assets to reduce debt.

After seeing its interest expenses more than double from €4.2… Read More>>

Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the … Read more>>>

Goodwin Gaw of Gaw Capital Partners 1

Gaw Capital Set to Buy Back San Francisco Offices From Blackstone at Two-Thirds Off

Goodwin Gaw of Gaw Capital Partners 1

2023/10/08 by Michael Cole Leave a Comment

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office project it sold to Blackstone in 2018 for two-thirds off the price from that earlier transaction.

Gaw Capital Partners is… Read More>>

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office … Read more>>>

Singapore’s CDL Buys 25 Tokyo Apartment Buildings From BGO for $230M

2023/09/28 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature… Read More>>

City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager … Read more>>>

Michael Mai ICD

Singapore’s Well Smart Picks Up $323M Sydney Hotel Project

Michael Mai ICD

2023/09/03 by Beatrice Laforga Leave a Comment

Singapore-based Well Smart Investment Holdings is acquiring a Sydney hotel project from Chinese-owned developer ICD Property and local firm Belingbak with plans to repurpose the planned A$500 million ($323 million) hotel and residential tower as a hospitality-only development.

Controlled by… Read More>>

Singapore-based Well Smart Investment Holdings is acquiring a Sydney hotel project from Chinese-owned developer ICD … Read more>>>

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