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Hamish MacDonald, BlackRock

BlackRock Set to Buy Citadines Raffles Place From CapitaLand JV for Circa $222M

Hamish MacDonald, BlackRock

2024/08/21 by Michael Cole Leave a Comment

The world’s largest asset manager is set to pick up its second Singapore residential property this year as a deal for Citadines Raffles Place enters the final stages, according to sources familiar with the discussions who spoke with Mingtiandi.

BlackRock… Read More>>

The world’s largest asset manager is set to pick up its second Singapore residential property this year as a deal for … Read more>>>

HECapital chief executive Darren Hawkins (Image: HECapital)

Singapore Fund Manager Buys London Asset From Hong Kong’s Lai Wing-to for $46M

HECapital chief executive Darren Hawkins (Image: HECapital)

2024/08/21 by Michael Cole Leave a Comment

A recently established Singapore fund manager has made its maiden acquisition, picking up a commercial building in London’s Soho area from Hong Kong investor Lai Wing-To for around £35 million ($45.7 million), according to a statement on 21 August.

HECapital,… Read More>>

A recently established Singapore fund manager has made its maiden acquisition, picking up a commercial building in … Read more>>>

Stephen Gaitanos of Scape

Lendlease, Scape Secure Final Approval for $1.2B Melbourne Redevelopment Project

Stephen Gaitanos of Scape

2024/08/21 by Christopher Caillavet Leave a Comment

ASX-listed construction giant Lendlease and Australia’s largest owner-operator of student housing, Scape, have received final approval for their A$1.7 billion ($1.2 billion) transformation of Queen Victoria Market in central Melbourne.

The mixed-use project, featuring 1,100 beds for university students and… Read More>>

ASX-listed construction giant Lendlease and Australia’s largest owner-operator of student housing, Scape, have received … Read more>>>

Agile Group chairman Chen Zhuolin (Source: Getty Images)

Former Agile Project in Hong Kong’s Quarry Bay May Bring 15% of Acquisition Cost

Agile Group chairman Chen Zhuolin (Source: Getty Images)

2024/08/21 by Kevin He Leave a Comment

A residential site in Hong Kong’s Quarry Bay area formerly owned by defaulted mainland developer Agile Group Holdings has been put up for sale via tender by the receiver, with the 50,000 square foot plot having been approved for development… Read More>>

A residential site in Hong Kong’s Quarry Bay area formerly owned by defaulted mainland developer Agile Group Holdings … Read more>>>

Diarmid Massey, chief executive officer for data centres at ESR

ESR to Accelerate AI-Driven Data Centre Rollout After $209M H1 Loss

Diarmid Massey, chief executive officer for data centres at ESR

2024/08/21 by Christopher Caillavet Leave a Comment

ESR posted a net loss of $209 million for the first half of 2024, swinging from a $313.9 million profit a year earlier, but the Hong Kong-listed warehouse builder and fund manager spotlighted its rapidly expanding data centre platform as… Read More>>

ESR posted a net loss of $209 million for the first half of 2024, swinging from a $313.9 million profit a year earlier, … Read more>>>

Yuzo Nishiyama, head of Australia at Mitsubishi Estate Asia

Mitsubishi, Lendlease Confirm $337M Sydney JV and More Asia Real Estate Headlines

Yuzo Nishiyama, head of Australia at Mitsubishi Estate Asia

2024/08/21 by Michael Cole Leave a Comment

Mitsubishi Estate and Lendlease confirm plans for a residential-led project in suburban Sydney, with that story leading today’s headline roundup. Also in the news, Australia’s Dexus REIT reels from office property write-downs and Chinese builder Sunac posts a $2.1 billion… Read More>>

Mitsubishi Estate and Lendlease confirm plans for a residential-led project in suburban Sydney, with that story leading … Read more>>>

Kenny Lam Link REIT

Manulife-Kenedix JV Buys 9 Japan Multi-Family Assets for $160M

Kenny Lam Link REIT

2024/08/20 by Christopher Caillavet Leave a Comment

A joint venture of Canada’s Manulife Investment Management and Tokyo-based Kenedix has acquired a nine-asset multi-family portfolio in Japan for JPY 23 billion ($160 million).

Located in the Greater Tokyo and Osaka areas, the properties have an average age of… Read More>>

A joint venture of Canada’s Manulife Investment Management and Tokyo-based Kenedix has acquired a nine-asset … Read more>>>

Koko Hotel Tsukiji Ginza

Japan’s Star Asia REIT Buying Four Hotels for $240M

Koko Hotel Tsukiji Ginza

2024/08/20 by Christopher Caillavet Leave a Comment

Japan’s Star Asia Investment Corp has agreed to acquire four hotels for a total of JPY 34.6 billion ($240 million), as the Tokyo-listed REIT makes strides towards its goal of amassing JPY 300 billion in assets by 2026.

The assets… Read More>>

Japan’s Star Asia Investment Corp has agreed to acquire four hotels for a total of JPY 34.6 billion ($240 million), as … Read more>>>

Century City International Holdings chairman Lo Yuk-sui

Tycoon Lo Yuk-sui’s Century City Consolidates Kowloon Site for Hong Kong Condo Project

Century City International Holdings chairman Lo Yuk-sui

2024/08/20 by Kevin He Leave a Comment

Companies controlled by Hong Kong tycoon Lo Yuk-sui have acquired a tenement building in Kowloon’s Cheung Sha Wan area with plans to build 47,307 square feet (4,395 square metres) of new apartments in the redeveloping neighbourhood, despite a home sales… Read More>>

Companies controlled by Hong Kong tycoon Lo Yuk-sui have acquired a tenement building in Kowloon's Cheung Sha Wan area … Read more>>>

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing

China’s Kaisa Rolls Out Restructuring Deal and More Asia Real Estate Headlines

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing

2024/08/20 by Michael Cole Leave a Comment

Defaulted developer Kaisa Group leads today’s headline roundup as the Shenzhen-based firm hammers out a deal with a group of bondholders. Also making the cut, Hong Kong homebuyers are increasingly forfeiting their deposits and Bank of China is switching auditors.

… Read More>>

Defaulted developer Kaisa Group leads today’s headline roundup as the Shenzhen-based firm hammers out a deal with a … Read more>>>

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