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Sino-Ocean Group chairman and CEO Li Ming

Sino-Ocean Reaches $5.6B Debt Restructuring Deal and More Asia Real Estate Headlines

Sino-Ocean Group chairman and CEO Li Ming

2024/07/19 by Ponrath Sopannarath Leave a Comment

Sino-Ocean Group and its creditors reach a deal to rework the Chinese builder’s $5.6 billion offshore debt, with that story leading Mingtiandi’s headline roundup today. Also making the list, Colt Data Centre Services buys a Mumbai site and a Singapore… Read More>>

Sino-Ocean Group and its creditors reach a deal to rework the Chinese builder’s $5.6 billion offshore debt, with that … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Net Profit Falls 21% in Q2 on Real Estate Weakness

Stephen Schwarzman Blackstone

2024/07/19 by Kevin He Leave a Comment

Blackstone’s net profit fell 21 percent in the second quarter from a year earlier, as underperformance in its real estate business weighed on the firm’s profitability.

The world’s largest alternative asset manager posted quarterly net profit of $948.4 million, sliding… Read More>>

Blackstone’s net profit fell 21 percent in the second quarter from a year earlier, as underperformance in its real … Read more>>>

Jeff Perlman Warburg

Warburg Pincus Promotes Jeffrey Perlman to CEO as Chip Kaye Takes Co-Chair Role

Jeff Perlman Warburg

2024/07/19 by Christopher Caillavet Leave a Comment

Jeffrey Perlman, the former head of Asia Pacific real estate and current president at Warburg Pincus, has been promoted to chief executive of the US private equity giant.

Perlman is succeeding CEO Chip Kaye, who will shift to a co-chairman… Read More>>

Jeffrey Perlman, the former head of Asia Pacific real estate and current president at Warburg Pincus, has been promoted … Read more>>>

Robert Kuok

Robert Kuok’s Allgreen Enters Top Bid of $544M for Central Singapore Site

Robert Kuok

2024/07/19 by Christopher Caillavet Leave a Comment

The Singapore government on Thursday closed tenders for three residential development sites, with a closely watched parcel near Havelock MRT station drawing a top bid of S$730 million ($544.4 million) from billionaire Robert Kuok’s Allgreen Properties.

Known as Zion Road… Read More>>

The Singapore government on Thursday closed tenders for three residential development sites, with a closely watched … Read more>>>

Charoen Sirivadhanabhakdi Frasers Property (Getty Images)

ThaiBev Proposes $1.6B Frasers Share Swap in Bid to Boost Valuation

Charoen Sirivadhanabhakdi Frasers Property (Getty Images)

2024/07/19 by Kevin He Leave a Comment

ThaiBev, the SGX-listed beverage and food giant founded by Thai billionaire Charoen Sirivadhanabhakdi, has agreed to transfer its stake in Frasers Property to a private vehicle controlled by Sirivadhanabhakdi, as part of a proposed share swap intended to boost the… Read More>>

ThaiBev, the SGX-listed beverage and food giant founded by Thai billionaire Charoen Sirivadhanabhakdi, has agreed to … Read more>>>

Samsung Eyes $724M Buyback of Seoul Office Tower and More Asia Real Estate Headlines

2024/07/19 by Ponrath Sopannarath Leave a Comment

South Korean multinational Samsung leads Mingtiandi’s headline roundup today, as the company looks to buy back a Seoul office building it once owned. Also making the list, Hong Kong’s SHKP wins a government land tender in the New Territories and… Read More>>

South Korean multinational Samsung leads Mingtiandi’s headline roundup today, as the company looks to buy back a Seoul … Read more>>>

GH Partners founder and CEO Chaewook Im

GH Partners Forms Korea Senior Living Management JV With US Operator Thrive

GH Partners founder and CEO Chaewook Im

2024/07/18 by Christopher Caillavet Leave a Comment

Seoul-based GH Partners has teamed with US operator Thrive on a joint venture to offer management services in South Korea’s senior living sector.

Thrive-GHP will initially focus exclusively on the active adult and independent living segments, enabling South Korean seniors… Read More>>

Seoul-based GH Partners has teamed with US operator Thrive on a joint venture to offer management services in South … Read more>>>

Quek Leng Chan

GuocoLand, Hong Leong Commit $222M to Development of Northern Singapore Site

Quek Leng Chan

2024/07/18 by Christopher Caillavet Leave a Comment

GuocoLand and Hong Leong Holdings have agreed to commit S$298.1 million ($222.5 million) to develop a northern Singapore residential site won by their joint venture earlier this year.

Malaysia’s GuocoLand, a unit of the Hong Kong-listed Guoco Group controlled by… Read More>>

GuocoLand and Hong Leong Holdings have agreed to commit S$298.1 million ($222.5 million) to develop a northern Singapore … Read more>>>

Shanghai-Pudong

Shanghai Office Rents Plunge 10% as Vacancy Hovers Near Two-Decade High

Shanghai-Pudong

2024/07/18 by Kevin He Leave a Comment

Prime office rents in Shanghai plunged 9.9 percent in the second quarter from a year prior, according to a Knight Frank report released Wednesday, as vacancy continued to hover near two-decade highs amid sluggish leasing demand and a supply overhang.

… Read More>>

Prime office rents in Shanghai plunged 9.9 percent in the second quarter from a year prior, according to a Knight Frank … Read more>>>

PWC China

PwC Said to Weigh Deep Cuts to China Audit Staff and More Asia Real Estate Headlines

PWC China

2024/07/18 by Ponrath Sopannarath Leave a Comment

PwC leads Mingtiandi’s headline roundup today, as the Big Four accounting firm considers slashing up to half its financial services auditing staff in China. Also making the news, Lippo Malls Indonesia Retail Trust suffers a ratings downgrade and Elite UK… Read More>>

PwC leads Mingtiandi’s headline roundup today, as the Big Four accounting firm considers slashing up to half its … Read more>>>

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