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Hotel Wing International Chitose in Hokkaido

Star Asia Group to Acquire Japanese Budget Hotel Operator Minacia

Hotel Wing International Chitose in Hokkaido

2024/05/11 by Christopher Caillavet Leave a Comment

Japan-focused property investor Star Asia Group has agreed to acquire Tokyo-based hotel operator Minacia from Unison Capital Partners for an undisclosed price.

Founded in 1990, Minacia runs 39 limited-service hotels with 5,180 rooms in major Japanese cities under brands such… Read More>>

Japan-focused property investor Star Asia Group has agreed to acquire Tokyo-based hotel operator Minacia from Unison … Read more>>>

Dalian Wanda chairman Wang Jianlin

Wanda Selling Insurance Unit to Hometown SOE and More Asia Real Estate Headlines

Dalian Wanda chairman Wang Jianlin

2024/05/11 by Ponrath Sopannarath Leave a Comment

Just over a month after closing on a deal to sell his mall management business, China’s one-time richest man leads Mingtiandi’s headline roundup today with a report that his Dalian Wanda Group will sell its insurance business to a state-backed… Read More>>

Just over a month after closing on a deal to sell his mall management business, China’s one-time richest man leads … Read more>>>

Benjamin Cha, CEO and Founder, Serakai

Hong Kong Startup Sees Placemaking Boosting Returns for Asia’s Built Environment

Benjamin Cha, CEO and Founder, Serakai

2024/05/09 by Michael Cole Leave a Comment

After more than 20 years leading real estate investments for organisations including the UK’s Grosvenor Group, Swiss bank UBS and Hong Kong developer HKRI, industry veteran Ben Cha is launching his own property investment venture, and he’s arming it with… Read More>>

After more than 20 years leading real estate investments for organisations including the UK’s Grosvenor Group, Swiss … Read more>>>

Jon Winkelried TPG Getty Images

TPG Closes on $7.8B in Capital for Asia Private Equity, Real Estate Funds

Jon Winkelried TPG Getty Images

2024/05/09 by Christopher Caillavet Leave a Comment

TPG has closed on its eighth Asia-focused private equity fund with $5.3 billion in committed capital, as well as raising $2.5 billion for a pair of Angelo Gordon co-branded real estate vehicles targeting the region.

The campaign for TPG Asia… Read More>>

TPG has closed on its eighth Asia-focused private equity fund with $5.3 billion in committed capital, as well as raising … Read more>>>

Equalbase chief executive Nicholas Bischoff

Stonepeak-Backed Equalbase Developing $58M Greater Seoul Facility

Equalbase chief executive Nicholas Bischoff

2024/05/09 by Christopher Caillavet Leave a Comment

Logistics builder Equalbase on Thursday announced its acquisition of a freehold land plot southeast of Seoul, with the company planning to develop a warehouse at a total cost of KRW 79 billion ($58 million).

The Icheon-Baeksa project will comprise 41,800… Read More>>

Logistics builder Equalbase on Thursday announced its acquisition of a freehold land plot southeast of Seoul, with the … Read more>>>

Digital Realty Breaks Ground on Japan Project and More Asia Real Estate Headlines

2024/05/09 by Ponrath Sopannarath Leave a Comment

Japanese server sheds lead Mingtiandi’s roundup of real estate news from around the region today, with Digital Realty’s joint venture with Mitsubishi starting work on a 31-megawatt data centre east of Tokyo. Also making the list is an SGX-listed hotel… Read More>>

Japanese server sheds lead Mingtiandi’s roundup of real estate news from around the region today, with Digital Realty’s … Read more>>>

Lu Zhiqiang China Oceanwide

China Oceanwide’s LA ‘Graffiti Project’ Up for Sale After Creditors Sue Developer

Lu Zhiqiang China Oceanwide

2024/05/08 by Christopher Caillavet Leave a Comment

Two months after making global headlines for being one of the world’s largest graffiti takeovers, a downtown Los Angeles project by China Oceanwide Holdings has been put on the market after creditors and stiffed contractors sued the troubled builder earlier… Read More>>

Two months after making global headlines for being one of the world's largest graffiti takeovers, a downtown Los Angeles … Read more>>>

NTT president and CEO Akira Shimada

Japan’s NTT Said in Talks to Buy Stake in Philippines’ PLDT Data Centres for $750M

NTT president and CEO Akira Shimada

2024/05/08 by Beatrice Laforga Leave a Comment

Philippine telco giant PLDT, is said to be in talks to sell nearly a half stake in its data centre business to Japanese telecom group NTT in a deal that would potentially value the digital infrastructure unit at $750 million,… Read More>>

Philippine telco giant PLDT, is said to be in talks to sell nearly a half stake in its data centre business to Japanese … Read more>>>

J6 Front Tokyo

APAC Cap Rates to Keep Climbing as Property Investment Remains Muted: CBRE

J6 Front Tokyo

2024/05/08 by Christopher Caillavet Leave a Comment

Investors hoping to sell properties in Asia Pacific over the next six months may have to offer buyers a steeper rate of return as interest rate cuts prove slow to materialise and risk appetites shrink, according to CBRE.

For grade… Read More>>

Investors hoping to sell properties in Asia Pacific over the next six months may have to offer buyers a steeper rate of … Read more>>>

China Vanke Selling Off Shenzhen HQ Site at a Loss and More Asia Real Estate Headlines

2024/05/08 by Ponrath Sopannarath Leave a Comment

China Vanke leads Mingtiandi’s headline roundup today as the distressed developer plans to sell an unfinished project in Shenzhen. Also in the news, embattled Country Garden seeks help from a state-backed programme to pay bond interest and Princeton Digital Group… Read More>>

China Vanke leads Mingtiandi’s headline roundup today as the distressed developer plans to sell an unfinished project in … Read more>>>

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