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andy cheung Chinachem

Chinachem CEO Donald Choi to Retire, Former Link REIT COO Cheung to Take Top Role

andy cheung Chinachem

2024/05/31 by Kevin He Leave a Comment

Hong Kong’s Chinachem Group has announced that Donald Choi will retire and step down from his role as chief executive officer of the privately held developer, with former Link REIT chief operating officer Andy Cheung set to succeed him on… Read More>>

Hong Kong’s Chinachem Group has announced that Donald Choi will retire and step down from his role as chief executive … Read more>>>

Gordon Tang Singhaiyi

Gordon Tang Family Set to Take Over as ARA US Hospitality REIT Sponsor From ESR

Gordon Tang Singhaiyi

2024/05/31 by Beatrice Laforga Leave a Comment

Mysterious mainland investor Gordon Tang and his wife Celine are set to expand their empire of Singapore real estate companies with the Tang family set to take control of the manager of ARA US Hospitality Trust at the same time… Read More>>

Mysterious mainland investor Gordon Tang and his wife Celine are set to expand their empire of Singapore real estate … Read more>>>

Singapore Aims to Boost Power to Data Centres by 35% and More Asia Real Estate Headlines

2024/05/31 by Ponrath Sopannarath Leave a Comment

Singapore leads Mingtiandi’s headline roundup today as the city-state looks to ramp up its power allocation to server-hosting facilities. Also making the list, a US court approves WeWork’s bankruptcy plan and sale to Yardi and Google eyes a $2 billion… Read More>>

Singapore leads Mingtiandi’s headline roundup today as the city-state looks to ramp up its power allocation to … Read more>>>

arpit singh xander

GIC, Xander Buy India Business Park from Pimco Prime JV for $260M

arpit singh xander

2024/05/30 by Kevin He Leave a Comment

Private equity firm Xander Investment Management announced on Wednesday that a partnership involving the company has acquired the Waverock office campus in the southern India city of Hyderabad from a Shapoorji Pallonji Group fund for INR 22 billion ($260 million),… Read More>>

Private equity firm Xander Investment Management announced on Wednesday that a partnership involving the company has … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore’s URA Launches Tenders for Pair of Residential Sites

URA chief executive officer Lim Eng Hwee

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Urban Redevelopment Authority on Thursday released two residential sites under the Government Land Sales programme, including the first plot to be used entirely for long-stay rental apartments, as the city-state seeks to boost the supply of living spaces.

The… Read More>>

Singapore’s Urban Redevelopment Authority on Thursday released two residential sites under the Government Land Sales … Read more>>>

Yoshiyuki Chosa of GLP

GLP-Backed Ada Breaks Ground on Second Building at Tokyo Data Centre Campus

Yoshiyuki Chosa of GLP

2024/05/30 by Christopher Caillavet Leave a Comment

Ada Infrastructure has begun construction of the second of three planned buildings at its Tokyo West 1 campus, with the GLP-backed business targeting a combined IT load capacity of 31 megawatts for the finished project.

The first building, which has… Read More>>

Ada Infrastructure has begun construction of the second of three planned buildings at its Tokyo West 1 campus, with the … Read more>>>

ST Telemedia Global Data Centres

KKR, SingTel Eye $1B Stake in Singapore’s STT GDC and More Asia Real Estate Headlines

ST Telemedia Global Data Centres

2024/05/30 by Ponrath Sopannarath Leave a Comment

US private equity major KKR and Singapore Telecommunications are reportedly seeking to buy a $1 billion stake in ST Telemedia Global Data Centres, with that story leading Mingtiandi’s headline roundup today. Also in the news, Lendlease agrees to sell its… Read More>>

US private equity major KKR and Singapore Telecommunications are reportedly seeking to buy a $1 billion stake in ST … Read more>>>

Hiew Yoon Khong of Mapletree

Mapletree Posts $427M Loss as Global Office Assets Take Valuation Hit

Hiew Yoon Khong of Mapletree

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Mapletree reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, reversing a year-earlier net profit of S$1.1 billion, as the real estate investor marked down asset values amid a global… Read More>>

Singapore’s Mapletree reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, … Read more>>>

nicholas allen link reit chairman

Link REIT Books 11% Annual Revenue Growth, Swings to HK$2.5B Loss on Markdowns

nicholas allen link reit chairman

2024/05/29 by Kevin He 1 Comment

Link REIT, Asia’s largest property trust by market cap, posted a loss of HK$2.5 billion for the fiscal year ended March 2024, as valuation markdowns on its investment properties overshadowed an 11 percent annual increase in revenue.

The HKEX-listed trust… Read More>>

Link REIT, Asia’s largest property trust by market cap, posted a loss of HK$2.5 billion for the fiscal year ended March … Read more>>>

Sekisui House president and CEO Yoshihiro Nakai

Sekisui House Selling Seattle Apartment Complex to Japan REIT for $328M

Sekisui House president and CEO Yoshihiro Nakai

2024/05/29 by Christopher Caillavet Leave a Comment

Fresh off becoming America’s fifth-largest homebuilder, Japanese developer Sekisui House is selling a Seattle luxury apartment complex to the company’s sponsored REIT for $328 million.

The Ivey on Boren comprises 406 rental units in the heart of Washington state’s biggest… Read More>>

Fresh off becoming America’s fifth-largest homebuilder, Japanese developer Sekisui House is selling a Seattle luxury … Read more>>>

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