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Samuel Lee - Digital Edge

Digital Edge Boosts Majority Stake in Indonesia’s Indonet With Buyout of Founders

Samuel Lee - Digital Edge

2023/12/19 by Christopher Caillavet Leave a Comment

Digital Edge has acquired the remaining shares held by the original founders of Indonesia’s PT Indointernet, upping the majority stake already held by the Singapore-based startup in the data centre operator known as Indonet.

The buyout of shares held by… Read More>>

Digital Edge has acquired the remaining shares held by the original founders of Indonesia’s PT Indointernet, upping the … Read more>>>

Andrew Kim, Founder and Chairman of MQ

Warburg Pincus Adds Korea Logistics Portfolio to APAC Real Estate Strategy

Andrew Kim, Founder and Chairman of MQ

2023/12/19 by Michael Cole Leave a Comment

Warburg Pincus is expanding its bets on Asia’s shed sector with the US private equity firm today announcing an investment in a South Korea industrial joint venture under its Asia Pacific real estate strategy.

The New York-based titan, which has… Read More>>

Warburg Pincus is expanding its bets on Asia’s shed sector with the US private equity firm today announcing an … Read more>>>

Serena Teo Ascott

CapitaLand Ascott Trust Selling Osaka Hotels to Alyssa-Managed Fund for $75M

Serena Teo Ascott

2023/12/18 by Poonyapat Luenam Leave a Comment

CapitaLand Ascott Trust announced on Sunday that it will divest three hotels in Osaka for JPY 10.7 billion ($75 million) as part of what the Singapore-listed REIT described as a portfolio reconstitution effort.

CLAS said in a press release that… Read More>>

CapitaLand Ascott Trust announced on Sunday that it will divest three hotels in Osaka for JPY 10.7 billion ($75 million) … Read more>>>

Chang Rui Hua ESR

ESR China REIT Secures First Cornerstone Investor, Targets February Listing

Chang Rui Hua ESR

2023/12/18 by Kevin He Leave a Comment

Hong Kong-listed industrial heavyweight ESR has secured one of China’s top securities firms as the initial cornerstone investor for its inaugural mainland China REIT, with the company targeting a February listing for the logistics asset portfolio.

The registration and listing… Read More>>

Hong Kong-listed industrial heavyweight ESR has secured one of China’s top securities firms as the initial cornerstone … Read more>>>

Robert Ng of Sino Land

Sino Land Enters Sole Bid for Lantau Residential Site in Hong Kong

Robert Ng of Sino Land

2023/12/18 by Christopher Caillavet Leave a Comment

A residential site on Hong Kong’s Lantau Island drew a single bid from local builder Sino Land at a tender that closed Friday, potentially setting the stage for a fourth withdrawn plot at government land sales in 2023.

The low-density… Read More>>

A residential site on Hong Kong’s Lantau Island drew a single bid from local builder Sino Land at a tender that closed … Read more>>>

The Henderson 2023-12-08

Hong Kong Grade A Office Rents Seen Falling Another 5-10% in 2024

The Henderson 2023-12-08

2023/12/18 by Christopher Caillavet Leave a Comment

After declining by 5.3 percent this year, Grade A office rents in Hong Kong are likely to tumble another 5 to 10 percent in 2024 as high interest rates and a global economic slowdown continue to challenge the leasing market,… Read More>>

After declining by 5.3 percent this year, Grade A office rents in Hong Kong are likely to tumble another 5 to 10 percent … Read more>>>

Tripp Gantt

Manulife US REIT Inks Restructuring Deal After Winning Investor, Lender Approval

Tripp Gantt

2023/12/18 by Beatrice Laforga Leave a Comment

Manulife US REIT (MUST) signed a master restructuring agreement with its sponsor and creditors on Monday to avoid defaulting on $1.18 billion in debt.

MUST said in a regulatory filing that all 12 of its lenders approved the restructuring which… Read More>>

Manulife US REIT (MUST) signed a master restructuring agreement with its sponsor and creditors on Monday to avoid … Read more>>>

URA to Suffer $192M Loss on Sale of Kowloon Project and More Asia Real Estate Headlines

2023/12/18 by Ponrath Sopannarath Leave a Comment

Hong Kong’s Urban Renewal Authority leads today’s headline roundup as the government agency takes a $192 million hit on its sale of a project in Kowloon’s Kai Tak area last week. Also in the news, China’s new home prices fall… Read More>>

Hong Kong’s Urban Renewal Authority leads today’s headline roundup as the government agency takes a $192 million hit on … Read more>>>

Zhu Hexin CITIC 2

Asia Real Estate People in the News 2023-12-18

Zhu Hexin CITIC 2

2023/12/18 by Michael Cole Leave a Comment

After a year of good behaviour some of Asia’s most senior real estate executives are getting new jobs for Christmas, leading with the head of China’s CITIC Group, who has been called to lead the country’s Forex regulator. Also making… Read More>>

After a year of good behaviour some of Asia’s most senior real estate executives are getting new jobs for Christmas, … Read more>>>

Patrick Boocock CapitaLand

Patrick Boocock Leaves CapitaLand Private Funds Team After Two Years

Patrick Boocock CapitaLand

2023/12/17 by Michael Cole Leave a Comment

CapitaLand Investment announced late Friday that Patrick Boocock, the company’s chief executive officer for private equity alternative investments, left the company as of that day for personal reasons.

Now 50, Boocock, who spent nearly nine years with Brookfield Asset Management… Read More>>

CapitaLand Investment announced late Friday that Patrick Boocock, the company’s chief executive officer for private … Read more>>>

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