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Tim Blackburn of Swire Properties

Swire Confirms $1.35B Investment in Pair of Pudong Development Projects

Tim Blackburn of Swire Properties

2023/10/11 by Michael Cole Leave a Comment

Just before heading off for China’s National Day holiday Swire Properties confirmed its purchase of stakes in a pair of mixed-use projects in Shanghai’s Pudong district from local government developer Lujiazui Group as it continues to expand its holdings in… Read More>>

Just before heading off for China’s National Day holiday Swire Properties confirmed its purchase of stakes in a pair of … Read more>>>

Timothy Geithner Warburg Pincus

Warburg Pincus Raises $17.3B for Buyout Fund, Exceeds Target

Timothy Geithner Warburg Pincus

2023/10/11 by Michael Cole Leave a Comment

US private equity giant Warburg Pincus said on Tuesday that it has closed on $17.3 billion in equity for its latest buyout fund, exceeding its target of $16 billion by more than 7 percent.

The New York-based firm said that,… Read More>>

US private equity giant Warburg Pincus said on Tuesday that it has closed on $17.3 billion in equity for its latest … Read more>>>

David Teo’s Apricot Capital Buys Bukit Timah Shopping Centre in Singapore for $77M

2023/10/10 by Beatrice Laforga Leave a Comment

Apricot Capital, the family office of Singapore instant coffee king David Teo and his family, is buying a mixed-residential and retail property in Bukit Timah for S$105 million ($77 million) as the city-state’s real estate market continues to appeal to… Read More>>

Apricot Capital, the family office of Singapore instant coffee king David Teo and his family, is buying a … Read more>>>

Yang Huiyan Country Garden

Country Garden Hires Advisors as 17 October Default Deadline Looms

Yang Huiyan Country Garden

2023/10/10 by Michael Cole Leave a Comment

China’s largest developer appears to be preparing for default on more than $17 billion in offshore debt obligations as it approaches a 17 October bond payment deadline amid collapsing sales.

Country Garden Holdings alerted the Hong Kong stock exchange early… Read More>>

China’s largest developer appears to be preparing for default on more than $17 billion in offshore debt obligations as … Read more>>>

Kaisa Group Holdings chairman Kwok Ying-shing

Creditors of China’s Kaisa Could Face 95% Loss and More Asia Real Estate Headlines

Kaisa Group Holdings chairman Kwok Ying-shing

2023/10/10 by Ponrath Sopannarath Leave a Comment

A pioneer of Chinese developer defaults is said to be warning that creditors would lose 95 percent of their money if the company is liquidated, with that story leading today’s collection of real estate headlines from around the region. Also… Read More>>

A pioneer of Chinese developer defaults is said to be warning that creditors would lose 95 percent of their money if the … Read more>>>

Teresa Zhuge of GLP

GLP Capital Partners Closes on $240M for China Value-Add Fund

Teresa Zhuge of GLP

2023/10/09 by Michael Cole Leave a Comment

GLP Capital Partners said on Monday that it has raised RMB 1.75 billion ($240 million) in fresh capital for a China value-add strategy, marking its second major closing for a mainland investment vehicle this year.

The fund management division of… Read More>>

GLP Capital Partners said on Monday that it has raised RMB 1.75 billion ($240 million) in fresh capital for a China … Read more>>>

Kenny Lam Link REIT

Manulife IM Welcomes Back Kenny Lam as CIO for APAC Real Estate

Kenny Lam Link REIT

2023/10/09 by Michael Cole Leave a Comment

Manulife Investment Management on Monday confirmed that it has brought back Kenny Lam for a return engagement, who left the company in May last year to join Hong Kong’s Link REIT.

Lam began serving as chief investment officer and head… Read More>>

Manulife Investment Management on Monday confirmed that it has brought back Kenny Lam for a return engagement, who left … Read more>>>

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>>>

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