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Cromwell Property Group chairman Gary Weiss

Cromwell Selling European Fund Management Platform to Stoneweg for $457M

Cromwell Property Group chairman Gary Weiss

2024/05/23 by Christopher Caillavet Leave a Comment

Cromwell Property Group has agreed to sell its European fund management platform and interests, including Cromwell European REIT, to Swiss investment firm Stoneweg for €280 million ($457 million), as the ASX-listed company carries out a plan to simplify its business… Read More>>

Cromwell Property Group has agreed to sell its European fund management platform and interests, including Cromwell … Read more>>>

Goldman’s Solomon Sees No Rate Cuts in 2024 and More Asia Real Estate Headlines

2024/05/23 by Ponrath Sopannarath Leave a Comment

The head of one of Wall Street’s biggest banks may bring an end to the “stay alive until ’25” mantra, as David Solomon’s outlook for rate cuts leads today’s collection of real estate headlines from around the region. Football also… Read More>>

The head of one of Wall Street’s biggest banks may bring an end to the “stay alive until ’25” mantra, as David Solomon’s … Read more>>>

Steve-Kim-LaSalle-IM-e1650441793976

LaSalle Korean JV Paying $110M to Acquire Discounted Gangnam Office Site

Steve-Kim-LaSalle-IM-e1650441793976

2024/05/22 by Beatrice Laforga Leave a Comment

LaSalle Investment Management has teamed up with a local investor and developer to acquire a commercial site in Seoul for KRW 155 billion ($110 million), as the Korean capital’s office towers continue to be a top draw with investors globally.

… Read More>>

LaSalle Investment Management has teamed up with a local investor and developer to acquire a commercial site in Seoul … Read more>>>

Far East Shopping Centre

Mall on Singapore’s Orchard Road Said to Receive Offer From Indonesian Developer

Far East Shopping Centre

2024/05/22 by Beatrice Laforga Leave a Comment

Less than two months after a mainland Chinese buyer walked away from a deal to buy the Far East Shopping Centre on Singapore’s Orchard Road, the committee representing the owners of the strata-title property has received a new offer said… Read More>>

Less than two months after a mainland Chinese buyer walked away from a deal to buy the Far East Shopping Centre on … Read more>>>

Vauxhall Square

Guangzhou R&F Selling UK Project for Third Time and More Asia Real Estate Headlines

Vauxhall Square

2024/05/22 by Michael Cole Leave a Comment

One of China’s most creative developers leads today’s headline roundup with Guangzhou R&F setting a new Mingtiandi record by selling a project in South London for the third time. KKR also makes the news today with a REIT managed by… Read More>>

One of China’s most creative developers leads today’s headline roundup with Guangzhou R&F setting a new Mingtiandi … Read more>>>

Scott Callon Ichigo

Ichigo Office REIT Buying Six Properties in Tokyo, Fukuoka for $99M

Scott Callon Ichigo

2024/05/22 by Christopher Caillavet Leave a Comment

Ichigo Office REIT is acquiring three office assets in central Tokyo and three in central Fukuoka for a total of JPY 15.4 billion ($99 million), with the purchase to be funded using proceeds from the recent disposal of two properties.

… Read More>>

Ichigo Office REIT is acquiring three office assets in central Tokyo and three in central Fukuoka for a total of JPY … Read more>>>

Brett White C&W

TPG, PAG to Exit Cushman & Wakefield Stake With $311M Share Sale

Brett White C&W

2024/05/21 by Christopher Caillavet 1 Comment

With shares of Cushman & Wakefield up more than 40 percent in the past 12 months, Texas-based TPG and Hong Kong’s PAG plan to sell their entire shareholding in the global property consultancy, despite the stock remaining 38 percent below… Read More>>

With shares of Cushman & Wakefield up more than 40 percent in the past 12 months, Texas-based TPG and Hong Kong’s … Read more>>>

Alan Beebe ULI

Singapore Homes Still Most Expensive in Asia, Tokyo New Condo Prices Jump 40%: ULI

Alan Beebe ULI

2024/05/21 by Kevin He Leave a Comment

Singapore’s private homes again ranked as the most expensive in Asia Pacific with a median price of $1.32 million in 2023, after an influx of wealthy immigrants helped push that figure up 9.6 percent from the previous year, according to… Read More>>

Singapore’s private homes again ranked as the most expensive in Asia Pacific with a median price of $1.32 million in … Read more>>>

Michael Ullmer Lendlease

Lendlease Chairman Pressured to Leave Quickly and More Asia Real Estate Headlines

Michael Ullmer Lendlease

2024/05/21 by Michael Cole Leave a Comment

The drama around Australia’s Lendlease entered a new chapter this week with the developer’s largest shareholder calling for the speedy departure of the company’s chairman, with that story leading Mingtiandi’s headline roundup. Colonel Sanders also makes the list with Carlyle… Read More>>

The drama around Australia’s Lendlease entered a new chapter this week with the developer’s largest shareholder calling … Read more>>>

Ou Yaping Zhong An

Rockefeller JV Selling Shanghai Bund Buildings to Tencent, Ant-Backed Insurer for $199M

Ou Yaping Zhong An

2024/05/20 by Kevin He Leave a Comment

A joint venture controlled by New York’s Rockefeller Group has agreed to sell a pair of office buildings on Shanghai’s Bund waterfront to an online insurer backed by Ant Financial, Tencent and Ping An, with the HKEX-listed firm vowing to… Read More>>

A joint venture controlled by New York’s Rockefeller Group has agreed to sell a pair of office buildings on Shanghai’s … Read more>>>

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