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Daisuke Kitta Blackstone

Blackstone Buys Kyoto Hotel From Goldman Sachs for Reported $54M

Daisuke Kitta Blackstone

2023/12/05 by Kevin He Leave a Comment

US private equity giant Blackstone has acquired a Kyoto hotel from Goldman Sachs, as global investors snap up Japanese hospitality assets to take advantage of a post-pandemic tourism rebound in Asia’s second-largest economy.

Blackstone purchased the 158-key Moxy Kyoto Nijo… Read More>>

US private equity giant Blackstone has acquired a Kyoto hotel from Goldman Sachs, as global investors snap up Japanese … Read more>>>

Centurion chief executive Kong Chee Min

Centurion Selling Malaysia Worker Dorms to Local Pension Fund for $47M

Centurion chief executive Kong Chee Min

2023/12/05 by Beatrice Laforga Leave a Comment

Singapore rental housing specialist Centurion Corp is selling two worker dormitories in Malaysia to the country’s largest public sector pension fund, Kumpulan Wang Persaraan (KWAP), for MYR 227 million ($47 million).

Centurion entered into a sale-and-leaseback deal with KWAP on… Read More>>

Singapore rental housing specialist Centurion Corp is selling two worker dormitories in Malaysia to the country’s … Read more>>>

adrain cheng nwd

New World Buying Back $610M in Bonds as Stock Slides and More Asia Real Estate Headlines

adrain cheng nwd

2023/12/05 by Ponrath Sopannarath Leave a Comment

Hong Kong’s New World Development leads Mingtiandi’s review of the real estate news today with the developer buying back bonds amid a stock slide. Also in the headlines, Singapore launches a pair of residential site tenders and Hong Kong’s central… Read More>>

Hong Kong’s New World Development leads Mingtiandi’s review of the real estate news today with the developer buying back … Read more>>>

Teresa Zhuge GLP

GCP Closes on $600M China Onshore Income Fund With Backing From Mainland Insurer

Teresa Zhuge GLP

2023/12/04 by Christopher Caillavet Leave a Comment

GLP Capital Partners has closed on an onshore China income fund backed by a mainland insurer, with the vehicle’s total size including leverage amounting to RMB 4.3 billion ($600 million).

China Income Fund X marks the latest addition to an… Read More>>

GLP Capital Partners has closed on an onshore China income fund backed by a mainland insurer, with the vehicle’s total … Read more>>>

GIC chief executive Lim Chow Kiat (Getty Images)

Singapore’s GIC Adds Two More Daiwa-Built Sheds to Japanese Portfolio

GIC chief executive Lim Chow Kiat (Getty Images)

2023/12/04 by Beatrice Laforga Leave a Comment

GIC has acquired a pair of Japanese logistics facilities from Daiwa House Industry for an undisclosed sum, marking the eighth and ninth industrial assets that the Singapore sovereign wealth fund has purchased from the developer in its home market this… Read More>>

GIC has acquired a pair of Japanese logistics facilities from Daiwa House Industry for an undisclosed sum, marking the … Read more>>>

Stan Tang Stan Group

Hong Kong’s Tang Family in Fresh Attempt at Kowloon East Hotel Sale

Stan Tang Stan Group

2023/12/04 by Kevin He Leave a Comment

The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their latest move to wind down the family’s property portfolio after an ill-timed venture into the city’s hospitality sector… Read More>>

The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their … Read more>>>

Lin Feng CIFI

Asia Real Estate People in the News 2023-12-04

Lin Feng CIFI

2023/12/04 by Michael Cole Leave a Comment

A defaulting mainland China developer leads Mingtiandi’s first roundup of personnel moves for December with CIFI Holdings announcing that it has lost its CEO. Also making the list are board level moves at Singapore’s CapitaLand Investment and commercial developer China… Read More>>

A defaulting mainland China developer leads Mingtiandi’s first roundup of personnel moves for December with CIFI … Read more>>>

Nomura Takes on Pair of Condo Projects Near Pattaya in Thai JV

2023/12/04 by Poonyapat Luenam Leave a Comment

Nomura Real Estate Development is investing in two condo projects in eastern Thailand through a joint venture with local developer Origin Nationwide, according to an announcement this week by the Japanese company.

Nomura has partnered with Origin to develop a… Read More>>

Nomura Real Estate Development is investing in two condo projects in eastern Thailand through a joint venture with local … Read more>>>

China Evergrande’s winding-up hearing has been pushed back to 29 January

Evergrande Winding-Up Hearing Adjourned Again and More Asia Real Estate Headlines

China Evergrande’s winding-up hearing has been pushed back to 29 January

2023/12/04 by Ponrath Sopannarath Leave a Comment

A winding-up hearing for China Evergrande has been pushed back again, this time to the end of January, with that story leading Mingtiandi’s roundup of real estate headlines today. Also making the list, OCBC files a money-laundering claim in Singapore’s… Read More>>

A winding-up hearing for China Evergrande has been pushed back again, this time to the end of January, with that story … Read more>>>

Jeffrey Shen ESR

ESR Applies to List Logistics REIT on Shanghai Stock Exchange

Jeffrey Shen ESR

2023/12/03 by Michael Cole Leave a Comment

ESR has taken another step toward becoming the second international company to list a real estate investment trust on a Chinese stock exchange, with the industrial giant announcing on Friday that it has filed an application with mainland authorities for… Read More>>

ESR has taken another step toward becoming the second international company to list a real estate investment trust on a … Read more>>>

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