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Simon-Garing Cromwell EREIT

Cromwell EREIT Continues Debt Reduction with $99M Sale of Italian Office Campus

Simon-Garing Cromwell EREIT

2023/10/09 by Beatrice Laforga Leave a Comment

Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the Singapore-listed trust continues to sell of non-core assets to reduce debt.

After seeing its interest expenses more than double from €4.2… Read More>>

Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the … Read more>>>

evergrande hengchi

Investor in Evergrande EV Unit Freezes Payments and More Asia Real Estate Headlines

evergrande hengchi

2023/10/09 by Ponrath Sopannarath Leave a Comment

A fresh setback in China Evergrande Group’s quest for solvency leads today’s list of real estate headlines from around Asia as a would-be investor in the company’s car unit freezes payments. Also in the news, Country Garden faces another bond… Read More>>

A fresh setback in China Evergrande Group’s quest for solvency leads today’s list of real estate headlines from around … Read more>>>

Chew Fook Aun - Lai Sun

Asia Real Estate People in the News 2023-10-09

Chew Fook Aun - Lai Sun

2023/10/09 by Michael Cole Leave a Comment

The resignation of a veteran Hong Kong executive from a trio of directorships leads this week’s review of personnel moves from around the region, with leadership changes at Keppel Infrastructure Trust and Shenzhen’s Logan Group also making the list.

Read More>>

The resignation of a veteran Hong Kong executive from a trio of directorships leads this week’s review of personnel … Read more>>>

GIC chief executive Lim Chow Kiat (Getty Images)

GIC Buying Back India Business Park From Pimco Prime Partnership for $259M

GIC chief executive Lim Chow Kiat (Getty Images)

2023/10/08 by Michael Cole Leave a Comment

GIC is returning to familiar territory with an agreement to acquire a southern India business park from a fund managed by Europe’s Pimco Prime Real Estate after being part of a partnership which sold the Hyderabad asset to that venture… Read More>>

GIC is returning to familiar territory with an agreement to acquire a southern India business park from a fund managed … Read more>>>

George Goh, LaSalle IM

Panel: The Future of the Office MTD TV Office Strategies Forum 2023

George Goh, LaSalle IM

2023/10/08 by Danita Phaopat Leave a Comment

While workplace attendance in the US and Europe is struggling to return to pre-pandemic levels, Asia Pacific is leading the back-to-the-office wave, with 44 percent of occupiers expecting their corporate real estate footprints to grow from 10 to 30 percent… Read More>>

While workplace attendance in the US and Europe is struggling to return to pre-pandemic levels, Asia Pacific is leading … Read more>>>

Goodwin Gaw of Gaw Capital Partners 1

Gaw Capital Set to Buy Back San Francisco Offices From Blackstone at Two-Thirds Off

Goodwin Gaw of Gaw Capital Partners 1

2023/10/08 by Michael Cole Leave a Comment

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office project it sold to Blackstone in 2018 for two-thirds off the price from that earlier transaction.

Gaw Capital Partners is… Read More>>

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office … Read more>>>

Court Approves Sunac’s $10.2B Debt Restructuring and More Asia Real Estate Headlines

2023/10/07 by Ponrath Sopannarath Leave a Comment

Sunac China Holdings could be on its way to becoming China’s first major developer to work out a debt restructuring deal with lenders, with that story leading today’s roundup of news from around the region. Also making the list is… Read More>>

Sunac China Holdings could be on its way to becoming China’s first major developer to work out a debt restructuring deal … Read more>>>

Crane Capital

Hong Kong’s Crane Capital Buys Out Singapore Shophouse Specialist 8M 

Crane Capital

2023/10/05 by Beatrice Laforga Leave a Comment

Washington State Investment Board-controlled Crane Capital has taken full ownership of Singapore property investor and manager 8M Real Estate, which specialises in shophouse investments in the Southeast Asian financial hub.

After accumulating S$1.4 billion ($1.02 billion) worth of the traditional… Read More>>

Washington State Investment Board-controlled Crane Capital has taken full ownership of Singapore property investor and … Read more>>>

China SCE Group Holding Limited

China SCE Seeks Offshore Debt Restructuring and More Asia Real Estate Headlines

China SCE Group Holding Limited

2023/10/05 by Ponrath Sopannarath Leave a Comment

Another major mainland developer is going to offshore bond investors to ask for a restructuring of its payment obligations, with that story leading today’s set of real estate headlines from around Asia. Also in the news, Hong Kong slashes land… Read More>>

Another major mainland developer is going to offshore bond investors to ask for a restructuring of its payment … Read more>>>

Seized Office Floor in Hong Kong’s Central Changes Hands for 56% Off 2018 Price

2023/10/05 by Beatrice Laforga Leave a Comment

An office floor in Hong Kong’s Central district has been sold for less than half of its 2018 purchase price, after a bank in the Asian financial hub seized the property from a delinquent mainland fashion tycoon, according to a… Read More>>

An office floor in Hong Kong’s Central district has been sold for less than half of its 2018 purchase price, after a … Read more>>>

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