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Banyan Tree co-founder and executive chairman Ho Kwon Ping

Vanke, Singapore’s Banyan Tree End China Hotel JV After Six Years

Banyan Tree co-founder and executive chairman Ho Kwon Ping

2023/12/11 by Beatrice Laforga Leave a Comment

Mainland property giant China Vanke and Singapore-based hotel and resort operator Banyan Tree Holdings are dissolving a six-year-old China hospitality joint venture after failing to gain traction in a challenging mainland market.

Banyan Tree has entered into a term sheet… Read More>>

Mainland property giant China Vanke and Singapore-based hotel and resort operator Banyan Tree Holdings are dissolving a … Read more>>>

ESR Sells Korea Data Centre-Warehouse Combo and More Asia Real Estate Headlines

2023/12/11 by Ponrath Sopannarath Leave a Comment

A rare data centre trade leads today’s collection of property headlines from around Asia with ESR announcing that it has sold Seoul server shed. China’s defaulting developers also make the list with CIFI selling its share of a Tianjin project… Read More>>

A rare data centre trade leads today’s collection of property headlines from around Asia with ESR announcing that it has … Read more>>>

Pierre Cherki Ontario Teachers

Asia Real Estate People in the News 2023-12-11

Pierre Cherki Ontario Teachers

2023/12/11 by Michael Cole Leave a Comment

A new head of real estate at one of Canada’s largest pension fund managers leads Mingtiandi’s round of industry personnel moves from around the region this week as the Ontario Teachers’ Pension Plan reorganises its management. Also making the list… Read More>>

A new head of real estate at one of Canada’s largest pension fund managers leads Mingtiandi’s round of industry … Read more>>>

Jensen and Anwar3

NVIDIA to Work with YTL to Build AI Data Centre in Malaysia’s Johor Bahru

Jensen and Anwar3

2023/12/11 by Michael Cole Leave a Comment

Kuala Lumpur-based YTL Power International announced on Friday that it has struck a deal with US tech firm NVIDIA to build AI capabilities into a data centre in Malaysia’s Johor state from the middle of next year.

The agreement… Read More>>

Kuala Lumpur-based YTL Power International announced on Friday that it has struck a deal with US tech firm NVIDIA to … Read more>>>

Lee Chee Koon of CapitaLand Group

CapitaLand Investment Warns of Profit Drop for 2023 as Valuations Slide

Lee Chee Koon of CapitaLand Group

2023/12/11 by Michael Cole Leave a Comment

Singapore’s CapitaLand Investment Ltd warned late Friday that adverse economic conditions have put a dent in its earnings for 2023 with the company predicting that its full-year profits will fall well below last year’s levels.

Noting that some of its… Read More>>

Singapore’s CapitaLand Investment Ltd warned late Friday that adverse economic conditions have put a dent in its … Read more>>>

StoreFriendly co-founders Kevin Chan and Arthur Law

StoreFriendly-Blackstone JV Boosts Self-Storage Portfolio with $72M Hong Kong Buy

StoreFriendly co-founders Kevin Chan and Arthur Law

2023/12/10 by Kevin He Leave a Comment

A joint venture between US private equity giant Blackstone and Hong Kong-based self-storage operator StoreFriendly has acquired an industrial building in Hong Kong’s New Territories for HK$560 million ($72 million), with plans to convert the Tsuen Wan property into a… Read More>>

A joint venture between US private equity giant Blackstone and Hong Kong-based self-storage operator StoreFriendly has … Read more>>>

Michael Arougheti, Chief Executive Officer and President of Ares

Ares to Enter Japan as APAC Expansion Continues

Michael Arougheti, Chief Executive Officer and President of Ares

2023/12/09 by Poonyapat Luenam Leave a Comment

NYSE-listed Ares Management is expanding its footprint in Asia with plans to establish an office in Japan next year, as it moves to explore real estate and buyout opportunities in the country.

A representative from Ares confirmed to Mingtiandi that… Read More>>

NYSE-listed Ares Management is expanding its footprint in Asia with plans to establish an office in Japan next year, as … Read more>>>

OSK Property CEO Ong Ghee Bin

Malaysia’s OSK Teams with Gurner-Qualitas JV For $400M Aussie Rental Residential Project

OSK Property CEO Ong Ghee Bin

2023/12/09 by Beatrice Laforga Leave a Comment

OSK Property is adding a rental residential element to its Melbourne Square mega-project by teaming up with a local apartment platform for an A$400 million ($262 million) apartment project according to an announcement this past week.

The real estate arm… Read More>>

OSK Property is adding a rental residential element to its Melbourne Square mega-project by teaming up with a local … Read more>>>

stephen_schwarzman

Blackstone, Digital Realty in $7B Data Centre JV and More Asia Real Estate Headlines

stephen_schwarzman

2023/12/08 by Ponrath Sopannarath Leave a Comment

The world’s digital future leads Mingtiandi’s headline review today, with Blackstone announcing a $7 billion data centre JV with Digital Realty. Also in the news, Shimao fails to sway investors with its announcement of a debt restructuring plan and China’s… Read More>>

The world’s digital future leads Mingtiandi’s headline review today, with Blackstone announcing a $7 billion data centre … Read more>>>

cha hoon park kfcc

Mitsubishi Estate JV Buying Former WeWork London Location at 44% Markdown

cha hoon park kfcc

2023/12/08 by Michael Cole, Poonyapat Luenam Leave a Comment

Mitsubishi Estate has acquired a London office tower formerly leased to WeWork for a price reported to be almost 44 percent less than what the seller, a joint venture between Savills Investment Management and Korea’s Vestas Investment Management, paid to… Read More>>

Mitsubishi Estate has acquired a London office tower formerly leased to WeWork for a price reported to be almost 44 … Read more>>>

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