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20 Bidders Line Up for $654M Seoul Office Building and More Asia Real Estate Headlines

2024/06/11 by Ponrath Sopannarath Leave a Comment

South Korea’s NH Financial is seeking to join a $654 million bid for a landmark Seoul office tower, with that story leading Mingtiandi’s headline roundup today. Carlyle Group also makes the list with a plan to boost its Japanese buyouts… Read More>>

South Korea’s NH Financial is seeking to join a $654 million bid for a landmark Seoul office tower, with that story … Read more>>>

Tim Blackburn of Swire Properties

Swire, China Life Fund Buying Sino-Ocean Stake in Beijing Commercial Project for $552M

Tim Blackburn of Swire Properties

2024/06/10 by Kevin He Leave a Comment

Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>

Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in … Read more>>>

Bytedance Beijing HQ

ByteDance Eyes $2.4B Investment in Malaysia Data Centres, AI Hub

Bytedance Beijing HQ

2024/06/10 by Christopher Caillavet Leave a Comment

TikTok developer ByteDance plans to expand its data centre facilities in Malaysia with an additional investment of MYR 1.5 billion ($320 million), according to the country’s minister of investment, trade and industry.

The Chinese tech firm also hopes to make… Read More>>

TikTok developer ByteDance plans to expand its data centre facilities in Malaysia with an additional investment of MYR … Read more>>>

HKR International chairman Victor Cha

Hong Kong’s HKRI Warns of Full-Year Loss on Impairments, Markdowns

HKR International chairman Victor Cha

2024/06/10 by Christopher Caillavet Leave a Comment

HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate downturn, with the developer warning of a net loss of unspecified magnitude for the fiscal year to the end of March.

… Read More>>

HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate … Read more>>>

Tycoon’s Son Seeks $62M for Singapore Mansion and More Asia Real Estate Headlines

2024/06/10 by Ponrath Sopannarath Leave a Comment

A scion of a Singapore department store dynasty seeks to sell his good-class bungalow for $62 million, with that story leading Mingtiandi’s headline roundup today. South Korea’s KIC also makes the list as it allocates $400 million for domestic asset… Read More>>

A scion of a Singapore department store dynasty seeks to sell his good-class bungalow for $62 million, with that story … Read more>>>

Luke Li, ESR China

ESR, Gaw and Stephenson Harwood Lead MTD TV Logistics Forum This Week

Luke Li, ESR China

2024/06/10 by Michael Cole Leave a Comment

Mingtiandi’s fifth annual logistics forum kicks off this week on MTD TV with panels on the China, Japan and Korea markets featuring speakers from some of the region’s top developers, warehouse operators and expert advisors.

The programme, which is sponsored… Read More>>

Mingtiandi’s fifth annual logistics forum kicks off this week on MTD TV with panels on the China, Japan and Korea … Read more>>>

michael Hui Bain

Asia Real Estate People in the News 2024-06-10

michael Hui Bain

2024/06/10 by Michael Cole Leave a Comment

Fresh China leadership for one of North America’s best-known fund managers leads this week’s roundup of personnel moves from Asia’s real estate industry as Bain Capital introduces a new head of its mainland real estate and special situations business. Singapore’s… Read More>>

Fresh China leadership for one of North America’s best-known fund managers leads this week’s roundup of personnel moves … Read more>>>

Far East Shopping Centre

Owners Reject Bid for Far East Shopping Centre on Singapore’s Orchard Road

Far East Shopping Centre

2024/06/09 by Christopher Caillavet Leave a Comment

For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last hurdle, with owners rejecting an offer of roughly S$880 million ($654.5 million) for the strata-title property on Singapore’s Orchard… Read More>>

For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last … Read more>>>

Matt Carolan, Apt.Residential

Apt.Residential Developing $187M Sydney Apartment Project Under PGGM Tie-Up

Matt Carolan, Apt.Residential

2024/06/08 by Christopher Caillavet Leave a Comment

Australia’s Apt.Residential has launched a A$280 million ($187 million) build-to-rent apartment project in Sydney’s Meadowbank area as the first development under its recently announced A$1.5 billion partnership with Dutch pension fund manager PGGM.

Apt.Meadowbank in the inner-northwest suburb will comprise… Read More>>

Australia’s Apt.Residential has launched a A$280 million ($187 million) build-to-rent apartment project in Sydney’s … Read more>>>

Samuel Lee - Digital Edge

Stonepeak-Backed Digital Edge, Peak Energy Strike 500MW Renewables Partnership

Samuel Lee - Digital Edge

2024/06/08 by Kevin He Leave a Comment

Data centre platform Digital Edge and renewable energy developer and producer Peak Energy have formed a partnership to collaborate on renewable energy projects that will power Digital Edge data centres in the Asia Pacific region.

The Singapore-based stablemates, both backed… Read More>>

Data centre platform Digital Edge and renewable energy developer and producer Peak Energy have formed a partnership to … Read more>>>

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