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China Resources Land Reports 11.7% Profit Jump and More Asia Real Estate Headlines

2024/03/26 by Ponrath Sopannarath Leave a Comment

One of China’s largest state-owned developers has posted double-digit profit growth for 2023, despite the troubles facing most of its competitors, with that story leading Mingtiandi’s roundup of real estate headlines from around the region. Also in the news, Blackstone… Read More>>

One of China’s largest state-owned developers has posted double-digit profit growth for 2023, despite the troubles … Read more>>>

Singapore’s Invictus Plans to Convert Sydney Office Block to Hotel

2024/03/25 by Beatrice Laforga Leave a Comment

Invictus Developments has lodged plans to convert an office block it acquired in central Sydney last year into a 152-key hotel, moving a step closer to reaching its goal of a A$500-million ($326 million) hospitality portfolio Down Under.

In an… Read More>>

Invictus Developments has lodged plans to convert an office block it acquired in central Sydney last year into a 152-key … Read more>>>

Martin Lee Ka-shing Henderson Land Development

Henderson Calls Bottom for Hong Kong Property After Profit Held Steady in 2023

Martin Lee Ka-shing Henderson Land Development

2024/03/25 by Beatrice Laforga Leave a Comment

Henderson Land Development booked an attributable net profit of HK$9.3 billion ($1.2 billion) in 2023, a 0.2 percent increase from the prior year, as growth in property development sales and leasing income helped offset a HK$1.7 billion ($217 million) markdown… Read More>>

Henderson Land Development booked an attributable net profit of HK$9.3 billion ($1.2 billion) in 2023, a 0.2 percent … Read more>>>

Stephen Gaitanos, Managing Director & Group CEO, Scape

Local: Residential, Sentinel, Scape, Aware Super to Explore Australia BTR on Thursday

Stephen Gaitanos, Managing Director & Group CEO, Scape

2024/03/25 by Christopher Caillavet Leave a Comment

Mingtiandi’s APAC Residential Forum concludes Thursday with a panel discussion on Australia’s build-to-rent market, where acquisitions of income-earning properties nearly doubled last year to top $2 billion.

The one-hour programme on MTD TV will feature Dan McLennan, founder and co-CEO… Read More>>

Mingtiandi’s APAC Residential Forum concludes Thursday with a panel discussion on Australia’s build-to-rent market, … Read more>>>

Shangri-La Group chairwoman Kuok Hui Kwong

Shangri-La Returned to Profit in 2023 as Revenue Jumped 47% on Travel Recovery

Shangri-La Group chairwoman Kuok Hui Kwong

2024/03/25 by Kevin He Leave a Comment

Shangri-La Group reported attributable net profit of $184.1 million for 2023, reversing three consecutive years of losses as the luxury hotel owner and operator benefited from the lifting of pandemic travel restrictions in mainland China and Hong Kong, its two… Read More>>

Shangri-La Group reported attributable net profit of $184.1 million for 2023, reversing three consecutive years of … Read more>>>

Yang Huiyan Country Garden

Country Garden Sells Project to SOE for $387M and More Asia Real Estate Headlines

Yang Huiyan Country Garden

2024/03/25 by Ponrath Sopannarath Leave a Comment

Country Garden has agreed to sell its stake in a Guangzhou commercial building to a government owned company in a $387 million deal, with that story leading Mingtiandi’s headline roundup today. South Korea’s second-biggest financial group also makes the list,… Read More>>

Country Garden has agreed to sell its stake in a Guangzhou commercial building to a government owned company in a $387 … Read more>>>

Peter Ballon CPPIB

Asia Real Estate People in the News 2024-03-25

Peter Ballon CPPIB

2024/03/25 by Michael Cole Leave a Comment

The latest top-level change at a Canadian pension fund manager leads this week’s roundup of personnel moves in the real estate industry, with reports from the US indicating that new leadership is on the way at Canada’s CPPIB. Also making… Read More>>

The latest top-level change at a Canadian pension fund manager leads this week’s roundup of personnel moves in the real … Read more>>>

Ruban Kaneshamoorthy of Brookfield

Brookfield Adds Melbourne Project as Third Aussie Student Housing Development

Ruban Kaneshamoorthy of Brookfield

2024/03/24 by Beatrice Laforga Leave a Comment

Brookfield Asset Management is taking on its third student housing project in Australia after international student enrolment in the country last year surpassed pre-pandemic peaks by 4 percent.

Brookfield on 4 March lodged a development application with the City of… Read More>>

Brookfield Asset Management is taking on its third student housing project in Australia after international student … Read more>>>

Aaron Lee, Dash Living

PGIM, Dash Living to Talk APAC Residential Growth on MTD TV Wednesday

Aaron Lee, Dash Living

2024/03/22 by Christopher Caillavet Leave a Comment

Mingtiandi’s APAC Residential Forum continues Wednesday with a spotlight interview featuring top executives from PGIM Real Estate and Dash Living, fresh off the companies’ acquisition of The Sheung Wan hotel in Hong Kong’s Central district via their second joint venture.

… Read More>>

Mingtiandi’s APAC Residential Forum continues Wednesday with a spotlight interview featuring top executives from PGIM … Read more>>>

Rana Ghorayeb

Canada’s CDPQ Taps Rana Ghorayeb to Lead Real Estate at Reorganised Group

Rana Ghorayeb

2024/03/22 by Christopher Caillavet Leave a Comment

CDPQ on Thursday announced the appointment of Rana Ghorayeb as executive vice-president and head of real estate, as Canada’s second-largest pension fund carries out an organisational rejig launched in January.

Ghorayeb will oversee Ivanhoe Cambridge, the real estate investment division… Read More>>

CDPQ on Thursday announced the appointment of Rana Ghorayeb as executive vice-president and head of real estate, as … Read more>>>

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