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Ikea China

IKEA Opens $1B Shanghai Shopping Mall and More Asia Real Estate Headlines

Ikea China

2024/09/28 by Michael Cole Leave a Comment

Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. Also making the list, WeWork’s India exit plan goes awry and a tender for Singapore’s Roxy Square ends with no bids.

… Read More>>

Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. … Read more>>>

Adrian Cheng, CEO and executive vice-chairman of New World Development

Adrian Cheng Steps Down as CEO After New World Posts First Loss in Two Decades

Adrian Cheng, CEO and executive vice-chairman of New World Development

2024/09/26 by Kevin He Leave a Comment

Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder posted its first full-year loss in two decades.

The third generation scion of the billionaire Cheng family has also been redesignated from… Read More>>

Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder … Read more>>>

KKR Japan CEO Hiro Hirano

KKR Japan REIT Buying Greater Tokyo Mall, Three Other Properties for $390M

KKR Japan CEO Hiro Hirano

2024/09/26 by Christopher Caillavet Leave a Comment

KKR’s Japan-focused commercial REIT plans to acquire four properties in Greater Tokyo and Osaka for a total of JPY 57.1 billion ($390 million), led by the purchase of a large mall in Chiba prefecture.

Japan Metropolitan Fund has agreed to… Read More>>

KKR’s Japan-focused commercial REIT plans to acquire four properties in Greater Tokyo and Osaka for a total of JPY 57.1 … Read more>>>

Mohamed-AlQubaisi-Enhanced-SR

ADIA Backs SC Lowy’s South Korean Real Estate Private Credit Fund

Mohamed-AlQubaisi-Enhanced-SR

2024/09/26 by Christopher Caillavet Leave a Comment

The Abu Dhabi Investment Authority has made a commitment to alternative asset manager SC Lowy’s South Korean private credit strategy focusing on the real estate sector, the parties announced Tuesday.

The fund will provide real estate credit to developers, construction… Read More>>

The Abu Dhabi Investment Authority has made a commitment to alternative asset manager SC Lowy’s South Korean private … Read more>>>

GIC chief executive Lim Chow Kiat

GIC Warns of $500B in Climate Change Damage and More Asia Real Estate Headlines

GIC chief executive Lim Chow Kiat

2024/09/26 by Michael Cole Leave a Comment

Singapore sovereign investor GIC sounds the alarm on dangers posed by climate change to the real estate industry, with that red alert leading today’s headline roundup. Also in the news, Perennial opens its transit-oriented complex in the Chinese city of… Read More>>

Singapore sovereign investor GIC sounds the alarm on dangers posed by climate change to the real estate industry, with … Read more>>>

Christian Sinding

EQT Selling Minority Stake in Data Centre Firm EdgeConneX to Sixth Street

Christian Sinding

2024/09/25 by Christopher Caillavet Leave a Comment

Swedish private equity firm EQT has agreed to sell a minority stake in global data centre platform EdgeConneX to US-based fund manager Sixth Street Partners, the parties announced Tuesday.

After first investing in EdgeConneX in 2020, EQT will remain the… Read More>>

Swedish private equity firm EQT has agreed to sell a minority stake in global data centre platform EdgeConneX to … Read more>>>

"King of Cassettes" David Chan Ping-chi

Hong Kong’s Cassette King Marketing North Point Commercial Block After 44% Drop in Value

"King of Cassettes" David Chan Ping-chi

2024/09/25 by Kevin He Leave a Comment

Hong Kong’s “King of Cassettes” David Chan Ping-chi has put up for tender a commercial block in Hong Kong Island’s North Point area at a price reckoned to be as much as 44 percent below what he was asking for… Read More>>

Hong Kong’s “King of Cassettes” David Chan Ping-chi has put up for tender a commercial block in Hong Kong Island’s North … Read more>>>

Yang Huiyan Country Garden

Country Garden Services to Unload Stake in Wanda Mall Business for $450M

Yang Huiyan Country Garden

2024/09/25 by Christopher Caillavet Leave a Comment

The property services arm of troubled Chinese developer Country Garden has agreed to sell a 1.49 percent stake in Wanda Group’s mall management unit for RMB 3.14 billion ($450 million).

The disposal by CGS HK, a wholly owned Hong Kong… Read More>>

The property services arm of troubled Chinese developer Country Garden has agreed to sell a 1.49 percent stake in Wanda … Read more>>>

Temasek Expands Private Credit Commitments With US REIT Investment

2024/09/25 by Christine Low Leave a Comment

Singapore’s Temasek Holdings continues to up its bets on private credit strategies with the state investment firm making a major capital commitment to US commercial real estate lender 3650 REIT, according to a statement on Tuesday.

3650 REIT, a US… Read More>>

Singapore’s Temasek Holdings continues to up its bets on private credit strategies with the state investment firm making … Read more>>>

Ong Beng Seng

Singapore to Make Ong Beng Seng Decision Soon and More Asia Real Estate Headlines

Ong Beng Seng

2024/09/25 by Michael Cole Leave a Comment

Singapore law enforcement officials are nearing a decision on the fate of property tycoon Ong Beng Seng, with that story leading Mingtiandi’s headline roundup. Also making the list, BlackRock says it will refrain for the time being from further real… Read More>>

Singapore law enforcement officials are nearing a decision on the fate of property tycoon Ong Beng Seng, with that story … Read more>>>

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