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

Hong Kong’s New World Sells Stake in Shenzhen Office Tower to Cheng Family for $198M

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

2024/06/27 by Kevin He Leave a Comment

New World Development has sold its 30 percent stake in an office tower in Shenzhen’s Nanshan district to a vehicle of the Cheng family who control the Hong Kong-based builder, as the company continues to lower its leverage.

The HKEX-listed… Read More>>

New World Development has sold its 30 percent stake in an office tower in Shenzhen’s Nanshan district to a vehicle of … Read more>>>

Wang On CEO and executive director Nick Tang

Hong Kong’s Wang On Declares $95M Loss and More Asia Real Estate Headlines

Wang On CEO and executive director Nick Tang

2024/06/27 by Ponrath Sopannarath Leave a Comment

Hong Kong developer Wang On Properties has swung to a $95 million loss, thanks in part to write-downs on its project pipeline, with that story leading today’s headline roundup. Also in the news, mainland developer Sino-Ocean says it will miss… Read More>>

Hong Kong developer Wang On Properties has swung to a $95 million loss, thanks in part to write-downs on its project … Read more>>>

Equinix India managing director Manoj Paul

Equinix Grows India Footprint With $65M Chennai Data Centre

Equinix India managing director Manoj Paul

2024/06/26 by Christopher Caillavet Leave a Comment

Equinix on Tuesday announced its further expansion in India with the digital infrastructure giant’s first data centre project in Chennai and fifth overall in the country.

With an initial investment of $65 million, the data centre will span nearly 6… Read More>>

Equinix on Tuesday announced its further expansion in India with the digital infrastructure giant’s first data centre … Read more>>>

GIC chief executive Lim Chow Kiat

GIC Takes 62% Haircut on Sale of Stake in UK Megamall to Landsec for $152M

GIC chief executive Lim Chow Kiat

2024/06/26 by Kevin He Leave a Comment

GIC has sold its 17.5 percent stake in the UK’s fifth largest mall to London-based developer and property investor Land Securities Group (Landsec) for £120 million ($152 million), with the Singaporean sovereign fund taking a 62 percent haircut on its… Read More>>

GIC has sold its 17.5 percent stake in the UK’s fifth largest mall to London-based developer and property investor Land … Read more>>>

Apricot Capital managing partner Darren Teo

David Teo’s Apricot Capital Leads Funding Round for Singapore Co-Living Operator

Apricot Capital managing partner Darren Teo

2024/06/26 by Christopher Caillavet Leave a Comment

Singapore’s The Assembly Place has raised S$5.33 million ($3.9 million) from a pre-Series A funding exercise anchored by Apricot Capital, surpassing the co-living owner-operator’s S$5 million target.

The fresh funds will fuel TAP’s growth as it seeks to increase its… Read More>>

Singapore’s The Assembly Place has raised S$5.33 million ($3.9 million) from a pre-Series A funding exercise anchored by … Read more>>>

Hongkong Land Launches $1B Retail Upgrade in Central and More Asia Real Estate Headlines

2024/06/26 by Ponrath Sopannarath Leave a Comment

Hongkong Land is turning to friends from the luxury world as it undertakes a $1 billion revamp of its Landmark retail complex in Central district, with that story leading Mingtiandi’s headline roundup today. Also in the news, Keppel Infrastructure Trust… Read More>>

Hongkong Land is turning to friends from the luxury world as it undertakes a $1 billion revamp of its Landmark retail … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore to Release Development Sites for 5,050 Homes in Second Half of 2024

URA chief executive officer Lim Eng Hwee

2024/06/26 by Christopher Caillavet Leave a Comment

Singapore on Tuesday announced a second-half confirmed list of the Government Land Sales programme that would bring total supply in 2024 to 11,110 private homes, representing the most supply introduced in a single year since 2013.

The confirmed list comprises… Read More>>

Singapore on Tuesday announced a second-half confirmed list of the Government Land Sales programme that would bring … Read more>>>

Eric Wurtzebach, global head of real estate at Macquarie Asset Management

Macquarie Asset Management Hits Final Close for $1.9B Opportunistic Property Fund

Eric Wurtzebach, global head of real estate at Macquarie Asset Management

2024/06/25 by Kevin He Leave a Comment

Macquarie Asset Management has reached final close for an opportunistic real estate fund, with the vehicle having raised $1.9 billion in equity commitments to deploy under a global mandate focused predominantly on developed markets.

The investment management arm of Sydney-based… Read More>>

Macquarie Asset Management has reached final close for an opportunistic real estate fund, with the vehicle having raised … Read more>>>

Suchad Chiaranussati, SC Capital Partners

SC Capital-Sponsored Japan Hotel REIT Buying Four Properties in Okinawa, Tokyo for $350M

Suchad Chiaranussati, SC Capital Partners

2024/06/25 by Christopher Caillavet Leave a Comment

Japan Hotel REIT plans to acquire two full-service Okinawa properties and two budget hostelries in Tokyo’s Shinjuku ward for a total of JPY 56.2 billion ($350 million), the TSE-listed trust’s manager announced Monday.

The transactions for Okinawa Harborview Hotel (JPY… Read More>>

Japan Hotel REIT plans to acquire two full-service Okinawa properties and two budget hostelries in Tokyo’s Shinjuku ward … Read more>>>

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

Hong Kong’s New World Secures New Loans, Pays Down Debt in $4.5B Liquidity Boost

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

2024/06/25 by Kevin He Leave a Comment

New World Development has completed HK$35 billion ($4.5 billion) worth of new loan arrangements and debt repayments since January, as the Hong Kong-based developer continues to reduce its leverage.

HKEX-listed New World has maintained an average interest rate of 1.1… Read More>>

New World Development has completed HK$35 billion ($4.5 billion) worth of new loan arrangements and debt repayments … Read more>>>

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