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Chen Xuping Longfor

Longfor H1 Profit Edges Up 0.6% as Q1 Strength Outweighs Recent Slide

Chen Xuping Longfor

2023/08/19 by Christopher Caillavet Leave a Comment

Longfor Group Holdings said its first-half core profit rose 0.6 percent year-on-year to RMB 6.6 billion ($910 million), as one of China’s biggest developers escaped the first half with a profit, thanks to a strong first quarter.

While revenue fell… Read More>>

Longfor Group Holdings said its first-half core profit rose 0.6 percent year-on-year to RMB 6.6 billion ($910 million), … Read more>>>

ESR Kawanishi

ESR Breaks Ground on Osaka Logistics Park Touted as Largest in Japan

ESR Kawanishi

2023/08/19 by Christopher Caillavet Leave a Comment

Industrial giant ESR has begun construction of a warehouse complex northwest of Osaka, billing the project as Japan’s largest-ever logistics park with a planned gross floor area of 750,000 square metres (8 million square feet).

Located 30 minutes from Osaka… Read More>>

Industrial giant ESR has begun construction of a warehouse complex northwest of Osaka, billing the project as Japan’s … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

China Evergrande Seeks US Bankruptcy Protection and More Asia Real Estate Headlines

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

2023/08/19 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, embattled builder China Evergrande files for US bankruptcy protection as it looks to finalise debt restructuring plans, and the number of properties entangled in a Singapore money-laundering probe reaches 105. Also making the… Read More>>

In today’s roundup of regional news headlines, embattled builder China Evergrande files for US bankruptcy protection as … Read more>>>

Xu Jiayin of Evergrande (Getty Images)

Evergrande Onshore Unit Probed by Regulator Over Alleged Disclosure Violations

Xu Jiayin of Evergrande (Getty Images)

2023/08/17 by Beatrice Laforga Leave a Comment

China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations of rules regarding disclosure of financial information, with the embattled property developer later that day saying it will delay a scheduled… Read More>>

China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations … Read more>>>

William Tay Capitaland

CapitaLand Ascendas REIT Buys Fifth UK Data Centre in Northwest London for $160M

William Tay Capitaland

2023/08/17 by Christopher Caillavet Leave a Comment

CapitaLand Ascendas REIT has completed the acquisition of a co-location data centre northwest of London for £125.1 million ($159.6 million), marking the Singapore-listed trust’s fifth server-hosting facility in the United Kingdom.

The purchase consideration took into account an agreed value… Read More>>

CapitaLand Ascendas REIT has completed the acquisition of a co-location data centre northwest of London for £125.1 … Read more>>>

Yang Huiyan Country Garden

Country Garden Raises Doubts on Onshore Bond Payments as Offshore Default Looms

Yang Huiyan Country Garden

2023/08/17 by Christopher Caillavet Leave a Comment

Chinese developer Country Garden appears headed for a full-scale restructuring after announcing Wednesday that “significant uncertainties” exist regarding the settlement of onshore bonds with an issued amount in excess of RMB 14.6 billion ($2 billion).

The lion’s share of the… Read More>>

Chinese developer Country Garden appears headed for a full-scale restructuring after announcing Wednesday that … Read more>>>

Stephen Schwarzman Blackstone

Blackstone and KKR Bid for Korean Pension Debt and More Asia Real Estate Headlines

Stephen Schwarzman Blackstone

2023/08/17 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, fund management colossi Blackstone and KKR throw their hats in the ring to manage a Korean pension fund’s overseas real estate debt, and jilted investors vent their rage at a Chinese shadow bank…. Read More>>

In today’s roundup of regional news headlines, fund management colossi Blackstone and KKR throw their hats in the ring … Read more>>>

Cheung Kong Center II

ICBC Said Leasing 10 Floors in CK Asset’s Cheung Kong Center II in Hong Kong

Cheung Kong Center II

2023/08/16 by Mingtiandi Team Leave a Comment

After contracting by more than 420,000 square feet (39,000 square metres) in the first half of 2023, Hong Kong’s office market may be about to see its biggest lease of the year, with ICBC said to be preparing to sign… Read More>>

After contracting by more than 420,000 square feet (39,000 square metres) in the first half of 2023, Hong Kong’s office … Read more>>>

Benjamin Chow MSCI

APAC Real Estate Investment Drops 40% as South Korea Office Deals Defy Downturn

Benjamin Chow MSCI

2023/08/16 by Christopher Caillavet Leave a Comment

Investment in income-producing properties in Asia Pacific fell 40 percent year-on-year to $31.7 billion in the second quarter of 2023, weighed down by China’s economic slump and a lack of big-ticket office deals, according to MSCI Real Assets.

Office acquisitions… Read More>>

Investment in income-producing properties in Asia Pacific fell 40 percent year-on-year to $31.7 billion in the second … Read more>>>

HB Centre I & II 780

Singapore Industrial Rents and Prices Grow for 11th Straight Quarter

HB Centre I & II 780

2023/08/16 by Christopher Caillavet Leave a Comment

Rents and prices in Singapore’s industrial property market rose for an 11th consecutive quarter during the April-June period despite softness in trade indicators, according to Colliers.

The rental index climbed 2.1 percent, decelerating from a 2.8 percent increase in the… Read More>>

Rents and prices in Singapore’s industrial property market rose for an 11th consecutive quarter during the April-June … Read more>>>

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