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TriO Capital managing director Tim Alpe

Australia’s Ovolo Hospitality Rolls Out Asset Manager TriO Capital to Drive Expansion

TriO Capital managing director Tim Alpe

2023/07/21 by Christopher Caillavet Leave a Comment

Australian hospitality group Ovolo has launched a dedicated investment and asset management arm dubbed TriO Capital to drive expansion efforts, with an initial focus on Asia Pacific.

Named after the three O’s in Ovolo, TriO is led by managing director… Read More>>

Australian hospitality group Ovolo has launched a dedicated investment and asset management arm dubbed TriO Capital to … Read more>>>

Singapore Minister for Law Shanmugam Kasiviswanathan

Singapore Tightens Rules on Foreign Property Ownership in Latest Market Restriction

Singapore Minister for Law Shanmugam Kasiviswanathan

2023/07/21 by Beatrice Laforga Leave a Comment

Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential property, as authorities put up a new firewall attempting to insulate the local market from foreign speculators.

The Ministry of Law and the Singapore Land… Read More>>

Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential … Read more>>>

Wang Jianlin Wanda Getty Images

Wanda Commercial Races to Raise Cash for Bond and More Asia Real Estate Headlines

Wang Jianlin Wanda Getty Images

2023/07/21 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Dalian Wanda’s property management unit reportedly eyes the sale of an unidentified asset to raise cash to pay a maturing offshore bond, with rating agencies warning of an imminent default. Also making the… Read More>>

In today’s roundup of regional news headlines, Dalian Wanda’s property management unit reportedly eyes the sale of an … Read more>>>

Louis Lim of Keppel

Keppel Funds Buy Seoul Office Tower, Boosting Korean Portfolio to $2B

Louis Lim of Keppel

2023/07/20 by Christopher Caillavet Leave a Comment

Two private funds of Singapore’s Keppel Corp have acquired an office tower in the Seoul CBD for an undisclosed amount, increasing the conglomerate’s South Korean assets under management to nearly KRW 2.6 trillion ($2 billion).

The Bank of Korea’s Sogong… Read More>>

Two private funds of Singapore’s Keppel Corp have acquired an office tower in the Seoul CBD for an undisclosed amount, … Read more>>>

Zhang Li R&F

R&F Co-Chairman Dodges Jail, Will Pay Fines for Bribing San Francisco Official

Zhang Li R&F

2023/07/20 by Christopher Caillavet Leave a Comment

Guangzhou R&F Properties co-chairman Zhang Li has avoided jail time and will not see criminal charges after admitting to bribing a local official in order to secure approvals for a San Francisco mixed-use project.

Under the deal reached with US… Read More>>

Guangzhou R&F Properties co-chairman Zhang Li has avoided jail time and will not see criminal charges after … Read more>>>

ParkRoyal on Kitchener

APAC Hotel Deal Volume Down 51% in First Half on Economic Woes, Costlier Financing

ParkRoyal on Kitchener

2023/07/20 by Christopher Caillavet Leave a Comment

Hotel investment volume in Asia Pacific tumbled 51 percent year-on-year to $3.13 billion in the first half of 2023 as macroeconomic challenges and the rising cost of debt stubbed out dealmaking in the hospitality segment, according to JLL.

Japan bucked… Read More>>

Hotel investment volume in Asia Pacific tumbled 51 percent year-on-year to $3.13 billion in the first half of 2023 as … Read more>>>

Phipps Tower1

Manulife US REIT Hit With Analyst Downgrades and More Asia Real Estate Headlines

Phipps Tower1

2023/07/20 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, SGX-listed Manulife US REIT receives analyst downgrades after reporting a worse-than-expected drop in portfolio valuation, and Korean investors reel from bad bets in global office markets. Also making the list are state-backed Chinese… Read More>>

In today’s roundup of regional news headlines, SGX-listed Manulife US REIT receives analyst downgrades after reporting a … Read more>>>

Jeffrey Perlman Warburg Pincus

Warburg Pincus Asia Real Estate Head Jeffrey Perlman Promoted to Global President

Jeffrey Perlman Warburg Pincus

2023/07/20 by Michael Cole Leave a Comment

A US private equity giant is turning to Asia as it upgrades its management team, with Warburg Pincus today announcing that it will promote Jeffrey Perlman to president.

“Jeff is at the core of a very talented next generation of… Read More>>

A US private equity giant is turning to Asia as it upgrades its management team, with Warburg Pincus today announcing … Read more>>>

Suchad Chiaranussati, SC Capital Partners

SC Capital JV With Goldman, ADIA Buys Japan Hotel Portfolio From Daiwa House for $900M

Suchad Chiaranussati, SC Capital Partners

2023/07/19 by Christopher Caillavet Leave a Comment

A consortium formed by Singapore’s SC Capital Partners with Goldman Sachs Asset Management and the Abu Dhabi Investment Authority has acquired a portfolio of 27 resort hotels in Japan from property giant Daiwa House Industry for $900 million.

The hotels… Read More>>

A consortium formed by Singapore’s SC Capital Partners with Goldman Sachs Asset Management and the Abu Dhabi Investment … Read more>>>

Jalan Tembusu Singapore

Sim Lian Places Tops Bid For Singapore Residential Site With $626M Bargain Offer

Jalan Tembusu Singapore

2023/07/19 by Beatrice Laforga Leave a Comment

Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in eastern Singapore at S$828.8 million ($625.5 million), in a government land sale that drew weaker than expected interest from… Read More>>

Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in … Read more>>>

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MTD TV

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