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David Fassbender PGIM

PGIM Selling Pair of Singapore Office Floors as Strata Market Heats Up

David Fassbender PGIM

2024/09/30 by Michael Cole Leave a Comment

PGIM Real Estate is selling a pair of floors in an office building on Singapore’s Robinson Road to a buyer said to be from mainland China, as private investors continue to dominate deals in the Lion City’s commercial market.

After… Read More>>

PGIM Real Estate is selling a pair of floors in an office building on Singapore’s Robinson Road to a buyer said to be … Read more>>>

Anthony Couse

JLL APAC CEO Anthony Couse Set to Leave Company After 35 Years

Anthony Couse

2024/09/29 by Michael Cole Leave a Comment

JLL will be saying goodbye over the coming months to its chief executive for Asia Pacific, Anthony Couse, according to an internal company memo seen by Mingtiandi.

“I’m reaching out today with an important leadership update. After a remarkable journey… Read More>>

JLL will be saying goodbye over the coming months to its chief executive for Asia Pacific, Anthony Couse, according to … Read more>>>

Yap Hui Yee

Pair of Orchard Road Floors Sell for $53M to Set New Singapore Record

Yap Hui Yee

2024/09/28 by Christopher Caillavet Leave a Comment

Just two weeks after a new price record was set for a commercial floor on Singapore’s Orchard Road, a two-floor transaction at S$4,988 ($3,896) per square foot has shattered that market benchmark for office space in the Lion City.

Luxury… Read More>>

Just two weeks after a new price record was set for a commercial floor on Singapore’s Orchard Road, a two-floor … Read more>>>

WEE EE LIM UOL Group

Brookfield Said Selling Half-Stake in Sydney Tower to UOL, SingLand for Up to $330M

WEE EE LIM UOL Group

2024/09/28 by Christopher Caillavet Leave a Comment

Asset management giant Brookfield is in talks to sell its half-stake in a Sydney office tower to companies of Singapore’s UOL Group, with a local media report putting the deal’s value in a range of A$460 million to A$480 million… Read More>>

Asset management giant Brookfield is in talks to sell its half-stake in a Sydney office tower to companies of … Read more>>>

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>>>

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