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Ming Mei

GLP China Stake Sale Said to Stall and More Asia Real Estate Headlines

Ming Mei

2024/10/28 by Michael Cole Leave a Comment

Discussions on the sale of a stake in GLP’s China arm to a state-owned firm hit a snag, with that story leading today’s headline roundup. Also making the list, a residential plot in Hong Kong’s New Territories draws six bids… Read More>>

Discussions on the sale of a stake in GLP’s China arm to a state-owned firm hit a snag, with that story leading today’s … Read more>>>

Philip Lawrence Kadoorie 斐歷嘉道理

Asia Real Estate People in the News 2024-10-28

Philip Lawrence Kadoorie 斐歷嘉道理

2024/10/28 by Michael Cole Leave a Comment

Mingtiandi’s review of personnel moves from around the Asia leads this week with a scion of one of Hong Kong’s best-known families adding a new position to his roster of roles at the clan’s businesses. Also making the list is… Read More>>

Mingtiandi’s review of personnel moves from around the Asia leads this week with a scion of one of Hong Kong’s … Read more>>>

Chris Kim Head of Blackstone Real Estate Korea

Blackstone Teams With Korea’s Blue Cove to Buy Gangnam Tower for $86M

Chris Kim Head of Blackstone Real Estate Korea

2024/10/25 by Christopher Caillavet Leave a Comment

US private equity giant Blackstone has joined forces with Korean asset manager Blue Cove Investment to acquire an office building in Seoul’s Gangnam business district for KRW 120 billion ($86 million), according to sources familiar with the transaction.

Manhattan-based Blackstone… Read More>>

US private equity giant Blackstone has joined forces with Korean asset manager Blue Cove Investment to acquire an office … Read more>>>

Bryan Southergill, Ares Management

Ares, Abrdn, CBRE IM, JLL, KKR to Join Mingtiandi Tokyo Forum

Bryan Southergill, Ares Management

2024/10/25 by Michael Cole Leave a Comment

With just two weeks to go before the big event, senior executives from some of the largest real estate investment managers have joined the roster of speakers set to take the stage at the Mingtiandi Tokyo Forum on 12 November.

… Read More>>

With just two weeks to go before the big event, senior executives from some of the largest real estate investment … Read more>>>

21 Whitfield

Foreclosed Hotel in Hong Kong’s Tin Hau Sells for 60% Below Asking Price

21 Whitfield

2024/10/25 by Kevin He Leave a Comment

A hotel near Hong Kong’s Causeway Bay retail hub has sold for 60 percent less than the former owner’s asking price a year ago, as investors hunt for bargains amid plunging property valuations in the Asian financial centre.

Receivers acting… Read More>>

A hotel near Hong Kong’s Causeway Bay retail hub has sold for 60 percent less than the former owner’s asking price a … Read more>>>

Jason Lee, AEW

AEW Selling Northern Singapore Industrial Building to Family Office for $117M

Jason Lee, AEW

2024/10/25 by Christopher Caillavet Leave a Comment

US fund manager AEW is selling an industrial asset in Singapore’s Woodlands area for between S$153 million and S$154 million ($115.9 million and $117.7 million), market sources confirmed to Mingtiandi on Friday.

The buyer of Admirax, a seven-storey light industrial… Read More>>

US fund manager AEW is selling an industrial asset in Singapore’s Woodlands area for between S$153 million and S$154 … Read more>>>

Singapore housing

Singapore Private Home Prices Dip 0.7% and More Asia Real Estate Headlines

Singapore housing

2024/10/25 by Michael Cole Leave a Comment

Singapore’s private home prices resumed their slide with a 0.7 percent drop in the third quarter, with that story leading today’s headline roundup. Also in the news, troubled developer Jiayuan is to be delisted from the Hong Kong bourse and… Read More>>

Singapore's private home prices resumed their slide with a 0.7 percent drop in the third quarter, with that story … Read more>>>

GIC chief executive Lim Chow Kiat

Singapore’s GIC Sells Seoul Office Tower to Korean NPS, Koramco for $180M

GIC chief executive Lim Chow Kiat

2024/10/24 by Christopher Caillavet Leave a Comment

Singapore sovereign fund GIC has completed the sale of a central Seoul office tower to an investor group including South Korea’s National Pension Service and Koramco Asset Management for KRW 247.7 billion ($180 million).

The deal value for The Exchange… Read More>>

Singapore sovereign fund GIC has completed the sale of a central Seoul office tower to an investor group including South … Read more>>>

The Crest Shanghai

Carlyle Sells Shanghai Office Building at Nearly Half-Off 2015 Purchase Price

The Crest Shanghai

2024/10/24 by Kevin He Leave a Comment

The Carlyle Group has sold a Shanghai office building for just over half of the price it paid to acquire the asset in 2015, as vacancy in the city’s office market continues to hover near record high levels amid… Read More>>

The Carlyle Group has sold a Shanghai office building for just over half of the price it paid to acquire the asset in … Read more>>>

Stephen Gaitanos of Scape

Scape Principals Launch $1B Sydney BTR Project Under JV With APG, Bouwinvest

Stephen Gaitanos of Scape

2024/10/24 by Christopher Caillavet Leave a Comment

Rent-to-Live Co, the build-to-rent venture founded by Scape Australia principals Stephen Gaitanos and Craig Carracher, has launched a 1,000-apartment mixed-use precinct in Sydney, aiming to invest A$1.5 billion ($1 billion) to help ease a local housing crunch.

Backed by Dutch… Read More>>

Rent-to-Live Co, the build-to-rent venture founded by Scape Australia principals Stephen Gaitanos and Craig Carracher, … Read more>>>

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