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K Raheja's Altimus office tower

BlackRock Leases Mumbai Office From K Raheja and More Asia Real Estate Headlines

K Raheja's Altimus office tower

2024/08/26 by Michael Cole Leave a Comment

The world’s biggest asset manager leads today’s headline roundup, with US-based BlackRock leasing new office space in India’s commercial capital. Also making the list, Singapore boosts second-hand home sales and a Chinese developer seeks US recognition of its debt workout.

… Read More>>

The world’s biggest asset manager leads today’s headline roundup, with US-based BlackRock leasing new office space in … Read more>>>

Tommy Kim_Phoenix Property Investors

Asia Real Estate People in the News 2024-08-26

Tommy Kim_Phoenix Property Investors

2024/08/26 by Michael Cole Leave a Comment

Investment managers and pension funds lead this week’s review of personnel moves from around Asia’s real estate industry, featuring a pair of senior Korean executives. Blackstone also makes the list with a new chief for its private REIT.

Read More>>

Investment managers and pension funds lead this week’s review of personnel moves from around Asia’s real estate … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Field Offers for Former Cheung Kei Hong Kong HQ After 64% Drop in Value

Chen Hongtian of Cheung Kei

2024/08/23 by Kevin He Leave a Comment

Receivers for creditors of Cheung Kei Group have received at least two offers for the defaulted mainland property firm’s former Hong Kong headquarters after the grade A property lost nearly two-thirds of its value over the past two years.

Market… Read More>>

Receivers for creditors of Cheung Kei Group have received at least two offers for the defaulted mainland property firm’s … Read more>>>

Sekisui House president and CEO Yoshihiro Nakai

Sekisui House Selling Washington DC Apartment Complex to Japan REIT for $279M

Sekisui House president and CEO Yoshihiro Nakai

2024/08/23 by Christopher Caillavet Leave a Comment

Japanese developer Sekisui House has agreed to sell a set of four apartment buildings in Washington DC to the company’s sponsored REIT for $279 million.

City Ridge in the US capital is a mixed commercial and residential development with a… Read More>>

Japanese developer Sekisui House has agreed to sell a set of four apartment buildings in Washington DC to the company’s … Read more>>>

Kerry Properties chairman and CEO Kuok Khoon Hua

Kerry Properties H1 Profit Drops 55% on Markdowns, Homebuying Weakness

Kerry Properties chairman and CEO Kuok Khoon Hua

2024/08/23 by Christopher Caillavet Leave a Comment

Hong Kong’s Kerry Properties said first-half attributable profit fell 55 percent year-on-year to HK$788 million ($101 million), as asset revaluations and poor home sales took a toll on earnings at the builder controlled by the family of Shangri-La Hotel tycoon… Read More>>

Hong Kong’s Kerry Properties said first-half attributable profit fell 55 percent year-on-year to HK$788 million ($101 … Read more>>>

6 Gracechurch Street in the City of London

Singapore Family Office Buys London Office Block and More Asia Real Estate Headlines

6 Gracechurch Street in the City of London

2024/08/23 by Michael Cole Leave a Comment

A Singapore-based investor teams with the UK’s Quadrant on an office acquisition in the City of London, with that deal leading today’s headline roundup. Also making the list, South Korea’s Mirae Asset Securities prepares to exit a Vietnam skyscraper investment… Read More>>

A Singapore-based investor teams with the UK’s Quadrant on an office acquisition in the City of London, with that deal … Read more>>>

The late "Minibus King" Ma Ah-muk

Family of Hong Kong’s Late Minibus King Marketing Budget Hotel as Student Housing Play

The late "Minibus King" Ma Ah-muk

2024/08/22 by Kevin He Leave a Comment

The family of Hong Kong’s late “Minibus King” Ma Ah-muk has put up for sale a 93-key hotel in the city’s Sai Ying Pun area, with brokers marketing the budget hostelry for conversion to student housing.

With Ma having built… Read More>>

The family of Hong Kong’s late “Minibus King” Ma Ah-muk has put up for sale a 93-key hotel in the city's Sai Ying Pun … Read more>>>

Josh Olsan UI

Unified Industrial Completes, Finds Buyer for Osaka Shed Project With Macquarie

Josh Olsan UI

2024/08/22 by Christopher Caillavet Leave a Comment

Tokyo-based Unified Industrial has completed and sold the first phase of its warehouse complex in Shiga prefecture northeast of Osaka, as shed developers race to add supply in support of the e-commerce sector in Japan’s Chubu and Kansai regions.

A… Read More>>

Tokyo-based Unified Industrial has completed and sold the first phase of its warehouse complex in Shiga prefecture … Read more>>>

Paul Salter-2022-2

Australia’s Salter Brothers Forms Japan Hotel Partnership With Tokyo Century

Paul Salter-2022-2

2024/08/22 by Christopher Caillavet Leave a Comment

A partnership formed by Melbourne-based Salter Brothers and a Japanese property firm has seen the Australian fund manager take over asset management for a five-star resort in the southern island of Kyushu.

Hospitality-focused Salter Brothers joined forces with Tokyo Century… Read More>>

A partnership formed by Melbourne-based Salter Brothers and a Japanese property firm has seen the Australian fund … Read more>>>

The Henderson 2023-12-08

Hong Kong’s Henderson Land Sees Earnings Fall by Half and More Asia Real Estate Headlines

The Henderson 2023-12-08

2024/08/22 by Michael Cole Leave a Comment

Henderson Land leads Mingtiandi’s headline roundup today, with the blue-chip developer reporting a profit plunge aggravated by Hong Kong’s weak office market. Also making the list, Champion REIT sues an upscale Hong Kong gym chain over unpaid rent and Chinese… Read More>>

Henderson Land leads Mingtiandi’s headline roundup today, with the blue-chip developer reporting a profit plunge … Read more>>>

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