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Singapore’s Hiap Hoe Sells Melbourne Hotel to Australia’s MA Financial For $63M

2024/02/05 by Beatrice Laforga Leave a Comment

Hotels continue to be a top target for real estate investors in Asia Pacific, with Sydney-based alternative asset manager MA Financial agreeing to buy a Melbourne hospitality asset from Singaporean developer Hiap Hoe late last week for A$96 million ($62.55… Read More>>

Hotels continue to be a top target for real estate investors in Asia Pacific, with Sydney-based alternative asset … Read more>>>

Standbrook House

HK Investor Lai Wing-to Marketing London West End Buildings as Asset Sales Continue

Standbrook House

2024/02/05 by Kevin He Leave a Comment

Hong Kong investor Lai Wing-to is shopping a trio of mixed-use properties in London’s posh West End area, reversing a decade of acquisitions in the British capital as commercial property values decline and retail sales remain subdued both at home… Read More>>

Hong Kong investor Lai Wing-to is shopping a trio of mixed-use properties in London’s posh West End area, reversing a … Read more>>>

Sankei President & CEO Kazunobu Iijima

Sankei Real Estate Buys Japanese Hotels, Sells Offices for $232M in Portfolio Reshuffle

Sankei President & CEO Kazunobu Iijima

2024/02/05 by Poonyapat Luenam Leave a Comment

Sankei Real Estate is selling office assets in Tokyo and Osaka for JPY 34 billion ($232 million) and putting half of the proceeds into the purchase of three hotels across the island nation, as the TSE-listed REIT adapts to the… Read More>>

Sankei Real Estate is selling office assets in Tokyo and Osaka for JPY 34 billion ($232 million) and putting half of the … Read more>>>

KIC chief executive Seoungho Jin

Korea’s KIC Opens India Office in Mumbai to Kick Off Emerging Markets Push

KIC chief executive Seoungho Jin

2024/02/05 by Christopher Caillavet Leave a Comment

Korea Investment Corporation has opened an office in Mumbai, establishing India as the sovereign wealth fund’s first emerging-market outpost.

KIC received regulatory approval for the office from India’s central bank on 24 January, it said late last week in a… Read More>>

Korea Investment Corporation has opened an office in Mumbai, establishing India as the sovereign wealth fund’s first … Read more>>>

Chris Fossick JLL

Chris Fossick Steps Down as JLL Southeast Asia CEO, Joins Native Land Board

Chris Fossick JLL

2024/02/05 by Christopher Caillavet Leave a Comment

Chris Fossick has left his longtime role as JLL’s Southeast Asia CEO and joined the board of London-based developer Native Land.

Fossick will sit as a non-executive director at Native Land, whose projects include the Bankside Yards mixed-use development in… Read More>>

Chris Fossick has left his longtime role as JLL’s Southeast Asia CEO and joined the board of London-based developer … Read more>>>

Intime Mall

Alibaba Said Mulling Sale of Intime Department Stores and More Asia Real Estate Headlines

Intime Mall

2024/02/05 by Michael Cole Leave a Comment

The offline struggles of China’s biggest e-commerce company lead today’s collection of real estate headlines from around the region, as Alibaba is said to be looking for the exit from a department store bet. Also in the news, Singapore puts… Read More>>

The offline struggles of China’s biggest e-commerce company lead today’s collection of real estate headlines from around … Read more>>>

Dongjiang Lai Keppel

Asia Real Estate People in the News 2024-02-05

Dongjiang Lai Keppel

2024/02/05 by Michael Cole Leave a Comment

An upgrade to the investment team at one of Singapore’s biggest institutions leads the first collection of personnel moves for February, as Keppel Ltd promotes one of its senior team members. There’s also more turnover at Canada’s CDPQ and a… Read More>>

An upgrade to the investment team at one of Singapore’s biggest institutions leads the first collection of personnel … Read more>>>

trương mỹ lan vtp

Family of Jailed Vietnamese Tycoon Sells Hong Kong’s Nexxus Building for $819M

trương mỹ lan vtp

2024/02/04 by Kevin He Leave a Comment

The family of jailed Vietnamese property tycoon Truong My Lan has sold a grade A office building in Hong Kong’s Central district to entities linked to a Taiwanese tech tycoon for a reported HK$6.4 billion ($819 million), as the family… Read More>>

The family of jailed Vietnamese property tycoon Truong My Lan has sold a grade A office building in Hong Kong’s Central … Read more>>>

Wee Cho Yaw UOB

UOL Chairman Wee Cho Yaw Dies at 95

Wee Cho Yaw UOB

2024/02/03 by Michael Cole Leave a Comment

UOL Group announced on Saturday that its chairman, Wee Cho Yaw, passed away at the age of 95. Wee, who also served as chairman emeritus of Singapore financial giant UOB, had run UOL since 1973 and helmed the bank controlled… Read More>>

UOL Group announced on Saturday that its chairman, Wee Cho Yaw, passed away at the age of 95. Wee, who also served as … Read more>>>

Peter Wittendorp is now APAC real estate head at HSBC AM (Image: SilkRoad)

HSBC AM Completes SilkRoad Buyout, Peter Wittendorp to Head Asia Real Estate

Peter Wittendorp is now APAC real estate head at HSBC AM (Image: SilkRoad)

2024/02/03 by Beatrice Laforga Leave a Comment

HSBC Asset Management (HSBC AM) has completed its acquisition of SilkRoad Property Partners and appointed Peter Wittendorp, founder and former chief executive officer of the Singapore-based private equity firm, to lead its real estate business in Asia Pacific.

The transaction… Read More>>

HSBC Asset Management (HSBC AM) has completed its acquisition of SilkRoad Property Partners and appointed Peter … Read more>>>

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