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Kazuaki Chokki, executive Officer of Hulic REIT

Hulic REIT Acquiring Tokyo Hotel, Office Building From Sponsor in $45M Deal

Kazuaki Chokki, executive Officer of Hulic REIT

2023/12/01 by Poonyapat Luenam Leave a Comment

TSE-listed Hulic REIT has agreed to buy a hotel in Tokyo’s Roppongi district and an office building in the capital’s Honkomagome area for JPY 6.88 billion ($45 million) from the trust’s sponsor Hulic. 

The Japanese REIT said in a statement… Read More>>

TSE-listed Hulic REIT has agreed to buy a hotel in Tokyo’s Roppongi district and an office building in the capital’s … Read more>>>

Simon Greig of Charter Hall

Charter Hall Sells Melbourne Warehouse Complex to Barings for $62M

Simon Greig of Charter Hall

2023/12/01 by Christopher Caillavet Leave a Comment

Charter Hall’s Core Logistics Partnership has sold a suburban Melbourne warehouse to Barings for A$94.1 million ($62.2 million), with the proceeds to be redeployed into developing the Australian property investor’s existing land banks.

The property at 2-30 Saintly Drive in… Read More>>

Charter Hall’s Core Logistics Partnership has sold a suburban Melbourne warehouse to Barings for A$94.1 million ($62.2 … Read more>>>

Powerlong chairman Hoi Kin Hong

Powerlong Joins China’s Defaulting Developer Club After Missing $16M Interest Payment

Powerlong chairman Hoi Kin Hong

2023/12/01 by Kevin He Leave a Comment

Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment on an offshore bond and hiring restructuring advisors, according to a company stock exchange filing on Tuesday.

Having failed to pay $15.9 million… Read More>>

Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment … Read more>>>

pan gongsheng PBOC

China Housing Market Continues Slide Despite Support Measures

pan gongsheng PBOC

2023/12/01 by Kevin He Leave a Comment

China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing property market, with the mainland’s pessimistic economic outlook and developers’ increased backlog of unfinished projects weighing on buyer appetite.

China’s… Read More>>

China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing … Read more>>>

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

Evergrande Creditors Demand Controlling Stakes and More Asia Real Estate Headlines

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

2023/12/01 by Ponrath Sopannarath Leave a Comment

Evergrande offshore creditors are demanding control equity stakes in the developer as well as its two Hong Kong subsidiaries, with that story leading Mingtiandi’s collection of headlines around the region. Also making the list, Blackstone has raised $2.6 billion to… Read More>>

Evergrande offshore creditors are demanding control equity stakes in the developer as well as its two Hong Kong … Read more>>>

Phil Pearce of ESR 1

ESR Buys Western Sydney Logistics Complex From M&G for $71M

Phil Pearce of ESR 1

2023/11/30 by Christopher Caillavet Leave a Comment

ESR has acquired a western Sydney logistics complex from M&G Real Estate for A$107 million ($70.8 million) as the APAC industrial specialist continues to bolster its Australian portfolio this year.

ESR picked up the two-building facility at Erskine Park industrial… Read More>>

ESR has acquired a western Sydney logistics complex from M&G Real Estate for A$107 million ($70.8 million) as the … Read more>>>

Ben Hawkins, head of infrastructure & renewable resources at Alberta Investment Management (AIMCo)

Shimao Chairman Selling $199M Aussie Ranchland Portfolio to AIMCo JV

Ben Hawkins, head of infrastructure & renewable resources at Alberta Investment Management (AIMCo)

2023/11/30 by Kevin He Leave a Comment

The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>

The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch … Read more>>>

Singapore Minister for National Development Desmond Lee

Singapore Pushes Land Sales for Long-Stay Rental Apartments in Policy Shift

Singapore Minister for National Development Desmond Lee

2023/11/30 by Christopher Caillavet Leave a Comment

Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development Desmond Lee announcing the first pair of sites to be sold under the new initiative in a speech on Wednesday.

Already on the Urban… Read More>>

Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development … Read more>>>

Keppel Corporation CEO Loh Chin Hua

Keppel Announces $1B Buyout of European Asset Manager Aermont

Keppel Corporation CEO Loh Chin Hua

2023/11/30 by Beatrice Laforga Leave a Comment

Keppel Corp has agreed to buy out European fund manager Aermont Capital in a deal worth up to €931.86 million ($1 billion) as the Singapore-based conglomerate continues its efforts to transform into a global asset management giant.

Keppel, through its… Read More>>

Keppel Corp has agreed to buy out European fund manager Aermont Capital in a deal worth up to €931.86 million ($1 … Read more>>>

Singapore has yet again become the most expensive city to live in

Singapore Again Leads List of World’s Priciest Cities and More Asia Real Estate Headlines

Singapore has yet again become the most expensive city to live in

2023/11/30 by Ponrath Sopannarath Leave a Comment

The rising cost of living in Singapore leads today’s collection of real estate headlines from around Asia as the city-state again tops a list of the world’s most expensive places. Also making the cut, Hong Kong home prices have now… Read More>>

The rising cost of living in Singapore leads today’s collection of real estate headlines from around Asia as the … Read more>>>

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