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David Fassbender PGIM

PGIM Buying Ovolo Sheung Wan Hotel as Hong Kong Rental Residential Portfolio Grows

David Fassbender PGIM

2024/01/21 by Kevin He Leave a Comment

PGIM Real Estate has agreed to acquire a boutique hotel in Hong Kong’s Sheung Wan district as the fund manager continues to snap up hospitality assets in the Asian financial centre for conversion into rental housing.

The property investment arm… Read More>>

PGIM Real Estate has agreed to acquire a boutique hotel in Hong Kong’s Sheung Wan district as the fund manager continues … Read more>>>

Sekisui House president and CEO Yoshihiro Nakai

Sekisui to Become 5th Largest Builder in US with $4.95B Buyout of Denver’s MDC

Sekisui House president and CEO Yoshihiro Nakai

2024/01/21 by Poonyapat Luenam Leave a Comment

Sekisui House has agreed to acquire US builder MDC Holdings for $4.95 billion with the deal set to make the Japanese developer the fifth largest homebuilder in the world’s biggest economy.

The Japanese firm said on Thursday that it will… Read More>>

Sekisui House has agreed to acquire US builder MDC Holdings for $4.95 billion with the deal set to make the Japanese … Read more>>>

link reit ceo george hongchoy

Link CEO Hongchoy Sees Lower Interest Rates Boosting Asia REITs in 2024

link reit ceo george hongchoy

2024/01/21 by Christopher Caillavet Leave a Comment

The chief executive of Asia’s biggest listed property trust sees the region’s beaten-down REITs staging a turnaround this year if interest rates ease as expected.

A stabilised interest rate and economic environment will support a recovery in REIT valuations, Link… Read More>>

The chief executive of Asia’s biggest listed property trust sees the region’s beaten-down REITs staging a turnaround … Read more>>>

Jeremy Lake Savills

Singapore Real Estate Investment to Jump 10% in 2024: Savills

Jeremy Lake Savills

2024/01/19 by Christopher Caillavet Leave a Comment

Investment in Singapore real estate is expected to jump 10 percent this year to as much as S$23 billion ($17.1 billion), driven by residential and retail transactions, according to Savills.

The bullish forecast takes into account rising activity in government… Read More>>

Investment in Singapore real estate is expected to jump 10 percent this year to as much as S$23 billion ($17.1 billion), … Read more>>>

Adrian Cheng, CEO and executive vice-chairman of New World Development

NWD, ADIA to Refinance $1.2B HK Hotel Loan and More Asia Real Estate Headlines

Adrian Cheng, CEO and executive vice-chairman of New World Development

2024/01/19 by Ponrath Sopannarath Leave a Comment

New World Development and Abu Dhabi’s sovereign wealth fund plan to refinance a $1.2 billion hotel loan in Hong Kong, with that story leading Mingtiandi’s headline roundup today. Also making the list, Warburg Pincus and Bain Capital vie to acquire… Read More>>

New World Development and Abu Dhabi’s sovereign wealth fund plan to refinance a $1.2 billion hotel loan in Hong Kong, … Read more>>>

Ong Beng Seng

Singapore Minister Charged with Corruption in Case Linked to Hotel Tycoon Ong Beng Seng

Ong Beng Seng

2024/01/19 by Beatrice Laforga Leave a Comment

Singapore’s transport minister S. Iswaran on Thursday was slapped with 27 charges, including two counts of corruption related to assisting Ong Beng Seng, co-founder of SGX-listed Hotel Properties Ltd, to secure agreements for one of his companies with the country’s… Read More>>

Singapore’s transport minister S. Iswaran on Thursday was slapped with 27 charges, including two counts of corruption … Read more>>>

Quek Leng Chan

GuocoLand, Hong Leong, Mitsui JV in $574M Sole Bid for Site in Singapore’s Marina South

Quek Leng Chan

2024/01/19 by Beatrice Laforga Leave a Comment

A site in Singapore’s western suburbs fetched richer offers than a plot in the city-state’s downtown on Thursday, as interest rates put prime land outside of the reach of many developers and home purchase restrictions crimp the market for high-end… Read More>>

A site in Singapore’s western suburbs fetched richer offers than a plot in the city-state’s downtown on Thursday, as … Read more>>>

Bastian van Halder - Realterm (resized)

Realterm Enters Australia With Sydney Outdoor Storage Buy Alongside Partners Group

Bastian van Halder - Realterm (resized)

2024/01/19 by Christopher Caillavet Leave a Comment

Realterm has acquired a Sydney outdoor storage facility under its logistics joint venture with Swiss private equity firm Partners Group, marking the US investment manager’s first acquisition in Australia.

The asset provides 41,490 square metres (446,595 square feet) of industrial… Read More>>

Realterm has acquired a Sydney outdoor storage facility under its logistics joint venture with Swiss private equity firm … Read more>>>

Amelie Delaunay, ANREV

Asian Investors Like Sheds and Beds, Japan and Australia as Risk Appetite Grows: ANREV

Amelie Delaunay, ANREV

2024/01/19 by Kevin He Leave a Comment

Investors in Asia Pacific are more likely to boost their real estate exposure over the next two years than investors in other regions, with industrial and residential assets in Japan and Australia among their top targets, according to the results… Read More>>

Investors in Asia Pacific are more likely to boost their real estate exposure over the next two years than investors in … Read more>>>

Yang Huiyan Country Garden

Country Garden Set for Full Australia Exit and More Asia Real Estate Headlines

Yang Huiyan Country Garden

2024/01/19 by Ponrath Sopannarath Leave a Comment

China’s Country Garden leads today’s headlines from around the region with its Australia subsidiary striking a deal to sell its stake in the developer’s last Aussie project. Also in the news, Macquarie Asset Management and PSP Investment are reportedly preparing… Read More>>

China’s Country Garden leads today’s headlines from around the region with its Australia subsidiary striking a deal to … Read more>>>

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