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ian-schilling invesco

Invesco, Alyssa Buy 15 Japanese Apartment Assets in Latest Multi-Family Bet

ian-schilling invesco

2023/11/29 by Michael Cole Leave a Comment

Japanese rental residential assets continue to be a favourite theme for global investors in Asia Pacific with Invesco Real Estate and Tokyo-based Alyssa Partners today announcing completion of a purchase of a 15-property apartment portfolio.

The acquisition from a major… Read More>>

Japanese rental residential assets continue to be a favourite theme for global investors in Asia Pacific with Invesco … Read more>>>

Valerie Wong Guocoland

GuocoLand Reaches 90% Take-Up at Guoco Midtown as Singapore’s Bugis Area Rises

Valerie Wong Guocoland

2023/11/29 by Christopher Caillavet Leave a Comment

GuocoLand has achieved 90 percent take-up for its 709,000 square foot (65,868 square metre) Guoco Midtown office project, based on pre-commitments, marking a fresh milestone for Singapore’s once-fringe Bugis area as an aspiring business location.

Guoco Midtown is set to… Read More>>

GuocoLand has achieved 90 percent take-up for its 709,000 square foot (65,868 square metre) Guoco Midtown office … Read more>>>

Equalbase chief executive Nicholas Bischoff

Equalbase Ties Up With Malaysia’s Sunway for $1.7B Johor Logistics Project

Equalbase chief executive Nicholas Bischoff

2023/11/29 by Kevin He Leave a Comment

Singapore-based logistics builder Equalbase and Malaysian conglomerate Sunway Group broke ground on a 55 hectare (136 acre) logistics project in the southern Malaysian state of Johor on Tuesday, with the joint venture partners saying they have committed MYR 8 billion… Read More>>

Singapore-based logistics builder Equalbase and Malaysian conglomerate Sunway Group broke ground on a 55 hectare (136 … Read more>>>

Kwek Leng Beng CDL

CDL Sells Tokyo Luxury Site for $340M as Japan Focus Shifts to Multi-Family

Kwek Leng Beng CDL

2023/11/29 by Poonyapat Luenam Leave a Comment

City Developments Ltd has divested a high-end residential site in Tokyo for JPY 50 billion ($340 million), with the Singaporean developer saying it intends to focus on rental residences in Japan.

CDL said in a bourse filing last week that,… Read More>>

City Developments Ltd has divested a high-end residential site in Tokyo for JPY 50 billion ($340 million), with the … Read more>>>

Tripp Gantt, Manulife US REIT

Manulife US REIT Asks for Debt Extension, Sponsor Offers $236M Lifeline

Tripp Gantt, Manulife US REIT

2023/11/29 by Beatrice Laforga Leave a Comment

Manulife US REIT (MUST) has unveiled a recapitalisation proposal involving a $235.7 million lifeline from its sponsor and a hoped-for one-year debt extension from creditors, in an effort to rescue the Singapore exchange’s most over-leveraged property trust.

The bailout includes… Read More>>

Manulife US REIT (MUST) has unveiled a recapitalisation proposal involving a $235.7 million lifeline from its sponsor … Read more>>>

China Evergrande Sued by Property Management Unit and More Asia Real Estate Headlines

2023/11/29 by Ponrath Sopannarath Leave a Comment

China Evergrande leads the region’s real estate headlines again today with news that the embattled developer is now being sued by one of its listed subsidiaries. Also making the list, Singapore’s DBS provides a $134 million green loan for a… Read More>>

China Evergrande leads the region’s real estate headlines again today with news that the embattled developer is now … Read more>>>

Jeffrey Shen of ESR

China’s Taikang Insurance Takes 95% Stake in $288M ESR Warehouse Fund

Jeffrey Shen of ESR

2023/11/28 by Kevin He Leave a Comment

Industrial heavyweight ESR has sold a 95 percent stake in a portfolio of six Chinese industrial properties to the mainland’s Taikang Insurance in a deal which values the assets at RMB 2 billion ($288 million), according to a filing by… Read More>>

Industrial heavyweight ESR has sold a 95 percent stake in a portfolio of six Chinese industrial properties to the … Read more>>>

Monetary Authority of Singapore chief Ravi Menon

Singapore Central Bank Sees Home Prices, Rents Cooling as Housing Supply Grows

Monetary Authority of Singapore chief Ravi Menon

2023/11/28 by Beatrice Laforga Leave a Comment

The central bank of Singapore sees home price and rent growth slowing over the near term as demand cools and the government continues add more residential sites to the development pipeline.

In this year’s Financial Stability Review, the Monetary Authority… Read More>>

The central bank of Singapore sees home price and rent growth slowing over the near term as demand cools and the … Read more>>>

china Vanke Yu Liang

Moody’s Cuts China Vanke Debt to Junk as Issuer Rating Teeters

china Vanke Yu Liang

2023/11/28 by Christopher Caillavet Leave a Comment

Moody’s Investors Service has downgraded China Vanke’s senior unsecured bonds and medium-term note programme to junk status, citing sales declines and uncertainty over the state-backed developer’s access to funding.

In an action last Friday, Moody’s slashed the ratings for the… Read More>>

Moody’s Investors Service has downgraded China Vanke’s senior unsecured bonds and medium-term note programme to junk … Read more>>>

Mandy Qian of Cushman & Wakefield

C&W Promotes Mandy Qian to Lead Greater China Business Development

Mandy Qian of Cushman & Wakefield

2023/11/28 by Christopher Caillavet Leave a Comment

Cushman & Wakefield has promoted Mandy Qian to head of business development services for Greater China, taking over from longtime Shanghai hand James Shepherd, who has returned to the UK.

Qian previously led North China business development services and Greater… Read More>>

Cushman & Wakefield has promoted Mandy Qian to head of business development services for Greater China, taking over … Read more>>>

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