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Sime Darby Property managing director, Dato’ Azmir Merican

Logos, Sime Darby Hit $213M Final Closing for Malaysia Development Fund

Sime Darby Property managing director, Dato’ Azmir Merican

2024/05/27 by Christopher Caillavet Leave a Comment

A joint venture of Logos and Sime Darby Property has reached a final closing of its fund targeting development of logistics assets in Malaysia, with the vehicle attracting MYR 1 billion ($213 million) in committed capital.

The fundraising haul will… Read More>>

A joint venture of Logos and Sime Darby Property has reached a final closing of its fund targeting development of … Read more>>>

Tony Lombardo, global CEO of Lendlease

Australia’s Lendlease to Sell Overseas Construction Business in $3B Disposal Plan

Tony Lombardo, global CEO of Lendlease

2024/05/27 by Beatrice Laforga Leave a Comment

Australian developer Lendlease Group plans to sell its overseas construction business to focus on operations at home as part of a business overhaul that the company says could free up as much as A$4.5 billion ($3 billion) of capital.

The… Read More>>

Australian developer Lendlease Group plans to sell its overseas construction business to focus on operations at home as … Read more>>>

Isabella Lo of Gaw Capital Partners

Gaw Capital Adds Third Site to Tokyo Data Centre Campus, Set to Double Capacity

Isabella Lo of Gaw Capital Partners

2024/05/27 by Kevin He Leave a Comment

A fund managed by Gaw Capital Partners has acquired a third property for its Greater Tokyo data centre campus, with the deal enabling the Hong Kong-based private equity firm to double the development’s total IT capacity upon completion.

With the… Read More>>

A fund managed by Gaw Capital Partners has acquired a third property for its Greater Tokyo data centre campus, with the … Read more>>>

Evergrande NEV chairman and China Evergrande CEO Shawn Siu

Evergrande Liquidators in Talks With Potential Buyer of Electric Car Unit

Evergrande NEV chairman and China Evergrande CEO Shawn Siu

2024/05/27 by Christopher Caillavet Leave a Comment

Liquidators for China Evergrande have lined up a prospective buyer for the bankrupt developer’s majority stake in its struggling electric car division.

The liquidators entered a non-binding agreement to sell China Evergrande’s 58.5 percent equity interest in Hong Kong-listed Evergrande… Read More>>

Liquidators for China Evergrande have lined up a prospective buyer for the bankrupt developer’s majority stake in its … Read more>>>

Sumit Gera CapitaLand

Asia Real Estate People in the News 2024-05-27

Sumit Gera CapitaLand

2024/05/27 by Michael Cole Leave a Comment

India business parks are booming and new leadership CapitaLand’s large footprint office space in the country leads this week’s review of personnel moves from around the region. Also covered this week is a change in command in Kaisa Group’s property… Read More>>

India business parks are booming and new leadership CapitaLand’s large footprint office space in the country leads this … Read more>>>

Seoul Korea GettyImages

Korean Fund Managers Target Distressed Debt and More Asia Real Estate Headlines

Seoul Korea GettyImages

2024/05/27 by Michael Cole Leave a Comment

A series of defaults in Korea’s property market are creating opportunities for fund managers, with news of new distressed debt strategies leading Mingtiandi’s headline roundup today. Also in the news, Hong Kong home prices head south again as a post-policy… Read More>>

A series of defaults in Korea’s property market are creating opportunities for fund managers, with news of new … Read more>>>

Citi CEO Jane Fraser

Citigroup Said Ready to Hand Back Singapore Office Floor With Hybrid Work on the Rise 

Citi CEO Jane Fraser

2024/05/26 by Beatrice Laforga Leave a Comment

One month after Singapore authorities said they would begin requiring employers to facilitate employee requests for flexible work, global banking giant Citigroup is reported to be considering shrinking its footprint in one of the city-state’s priciest commercial hubs.

Citi is… Read More>>

One month after Singapore authorities said they would begin requiring employers to facilitate employee requests for … Read more>>>

Hongkong Land chairman Ben Keswick

Hongkong Land Says Q1 Contracted Sales Fell 36% Amid China Market Slide

Hongkong Land chairman Ben Keswick

2024/05/24 by Christopher Caillavet Leave a Comment

Hongkong Land warned Thursday that its first-half underlying earnings would be “significantly lower” than in the year-earlier period, primarily due to deteriorating market conditions in mainland China’s residential sector.

The developer’s attributable interest in contracted sales in the first quarter… Read More>>

Hongkong Land warned Thursday that its first-half underlying earnings would be “significantly lower” than in the … Read more>>>

Yu Liang

Fitch Downgrades China Vanke Despite Funding Push by State Banks

Yu Liang

2024/05/24 by Christopher Caillavet Leave a Comment

Fitch has downgraded key credit ratings for China Vanke and given a negative outlook to the state-backed builder, even as mainland banks deliver a raft of funding to shore up the troubled giant’s finances.

The downgrade of Vanke’s long-term foreign… Read More>>

Fitch has downgraded key credit ratings for China Vanke and given a negative outlook to the state-backed builder, even … Read more>>>

Wanda Plaza

PAG Said Mulling Buy of Wanda’s $14B Mall Portfolio and More Asia Real Estate Headlines

Wanda Plaza

2024/05/24 by Michael Cole Leave a Comment

Apparently not satisfied buying out Dalian Wanda’s mall management business earlier this year, PAG is back in the news today with a report on talks to buy out the mainland developer’s nearly 500 malls leading today’s headline roundup. KKR and… Read More>>

Apparently not satisfied buying out Dalian Wanda’s mall management business earlier this year, PAG is back in the news … Read more>>>

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