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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>>>

Nisha Awasthi KKR

KKR Expands in India with Hire of Former BlackRock Exec to Lead Gurugram Office

Nisha Awasthi KKR

2023/10/05 by Michael Cole Leave a Comment

US private equity giant KKR is expanding its India footprint by opening a new office in the country’s National Capital Region, and has brought on board a former BlackRock executive to spearhead its Gurugram presence.

“Having a team in Gurugram… Read More>>

US private equity giant KKR is expanding its India footprint by opening a new office in the country’s National Capital … Read more>>>

Takashi Tsuji CBRE

CBRE Promotes Takashi Tsuji to President and COO of Japan Business

Takashi Tsuji CBRE

2023/10/04 by Michael Cole Leave a Comment

CBRE’s Japan division has selected new leadership, promoting one-time Mitsubishi executive Takashi Tsuji to president and chief operating officer.

Tsuji, who has been with the property consultancy since 2019, takes over the president role from Eiji Sakaguchi, who has been… Read More>>

CBRE’s Japan division has selected new leadership, promoting one-time Mitsubishi executive Takashi Tsuji to president … Read more>>>

Residential properties in Hong Kong (Image: Winson Wong)

Hong Kong Banks Struggle to Sell Foreclosed Homes and More Asia Real Estate Headlines

Residential properties in Hong Kong (Image: Winson Wong)

2023/10/04 by Ponrath Sopannarath Leave a Comment

Hong Kong’s sliding residential market leads today’s collection of real estate headlines, with banks in Asia’s most expensive housing market struggling to find buyers for foreclosed properties. Also making the list is a UOL residential project in Singapore and an… Read More>>

Hong Kong’s sliding residential market leads today’s collection of real estate headlines, with banks in Asia’s most … Read more>>>

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