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Indonesia’s Karim Family Buys Former Bank of China HQ in Sydney for $34M

2023/08/31 by Beatrice Laforga Leave a Comment

Invictus Developments has acquired the former Bank of China Australian headquarters in Sydney for A$52.5 million ($34 million) with plans to convert the 15-storey tower into a luxury hotel as the Singapore-based investment firm assembles a portfolio of Aussie hospitality… Read More>>

Invictus Developments has acquired the former Bank of China Australian headquarters in Sydney for A$52.5 million ($34 … Read more>>>

Singapore-Listed Thakral Sells Osaka Hotel Stake, Eyes More Japan Divestments

2023/08/29 by Beatrice Laforga Leave a Comment

Thakral Corp has sold its 50 percent stake in a 120-key business hotel in Osaka for an undisclosed sum as the Singapore-listed investment firm continues to scale back its exposure to Japanese real estate.

The firm, whose businesses span real… Read More>>

Thakral Corp has sold its 50 percent stake in a 120-key business hotel in Osaka for an undisclosed sum as the … Read more>>>

Serena Teo Ascott

CapitaLand Ascott Trust to Buy Hotels in London, Dublin, Jakarta for $268M

Serena Teo Ascott

2023/08/02 by Beatrice Laforga Leave a Comment

Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in Southeast Asia for a total of S$357.8 million ($267.5 million) as it moves to profit from a global travel rebound.

The… Read More>>

Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in … Read more>>>

Worldwide Hotels boss Choo Chong Ngen

Worldwide Follows Singapore Record Deal with $113M Melbourne Hotel Buy

Worldwide Hotels boss Choo Chong Ngen

2023/07/09 by Beatrice Laforga Leave a Comment

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group has followed up with an A$170 million ($112.8 million) buy of a high-rise hotel in downtown Melbourne from one of its compatriots.

… Read More>>

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group … Read more>>>

20 Canada Square London

Receivers Take Over Second Cheung Kei London Property as Asset Seizures Mount

20 Canada Square London

2023/06/11 by Christopher Caillavet Leave a Comment

Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to a recent string of asset forfeitures that include a pair of Hong Kong homes formerly owned by Cheung Kei boss Chen Hongtian.

… Read More>>

Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to … Read more>>>

B&M Claye-Souilly

Singapore’s IREIT Buying 17 French Retail Properties for $82M

B&M Claye-Souilly

2023/06/01 by Christopher Caillavet Leave a Comment

Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million ($82 million), as the Europe-focused trust continues to diversify its holdings beyond the office sector.

Classified as out-of-town retail parks, the freehold… Read More>>

Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million … Read more>>>

Chen Hongtian of Cheung Kei

China’s Cheung Kei Talks Up Investment Plan for Seized London Office Building

Chen Hongtian of Cheung Kei

2023/06/01 by Beatrice Laforga Leave a Comment

Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill Place in London, in a statement released just days after it was revealed that the Canary Wharf office… Read More>>

Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill … Read more>>>

Singapore’s CDL Set to Kick Off Pair of Aussie BTR Projects

2023/05/30 by Beatrice Laforga Leave a Comment

Singapore property heavyweight City Developments Ltd (CDL) has officially entered Australia’s  build-to-rent (BTR) residential sector with a pair of development projects set to break ground in the second half of this year.

CDL Australia will begin construction on a rental… Read More>>

Singapore property heavyweight City Developments Ltd (CDL) has officially entered Australia’s  build-to-rent (BTR) … Read more>>>

victor li ck asset

CK Asset Offers to Buy UK’s Civitas Social Housing for $612M in Cash

victor li ck asset

2023/05/10 by Christopher Caillavet Leave a Comment

Li Ka-shing’s CK Asset Holdings has made an all-cash offer to acquire British care home provider Civitas Social Housing for £485 million ($612 million) as the Hong Kong developer expands its UK holdings.

The group controlled by Hong Kong’s richest… Read More>>

Li Ka-shing’s CK Asset Holdings has made an all-cash offer to acquire British care home provider Civitas Social Housing … Read more>>>

Mainland Buyer Picks Up Melbourne Mall as Chinese Investors Return to Oz

2023/05/05 by Beatrice Laforga Leave a Comment

An investor from mainland China has acquired a boutique shopping centre in Melbourne from local property fund manager MPG Funds Management, as Chinese investors are helping to drive a rebound in Australian property deals.

MPG, through its MPG Retail Brands… Read More>>

An investor from mainland China has acquired a boutique shopping centre in Melbourne from local property fund manager … Read more>>>

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