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Jeffrey Perlman Warburg Pincus

ESR Boosts AUM 9% Despite Global Market Slide

Jeffrey Perlman Warburg Pincus

2023/08/23 by Beatrice Laforga Leave a Comment

ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the company said on Wednesday, despite rising interest rates and a slower market for asset sales.

“Despite a… Read More>>

ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the … Read more>>>

Mico Chung, Chairman and Executive Director of CSI Properties

CSI Properties Notches Hong Kong’s Largest Office Lease of 2023 in Kowloon East Project

Mico Chung, Chairman and Executive Director of CSI Properties

2023/08/23 by Kaycee Valmonte Leave a Comment

CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s Hospital Authority for its Harbourside HQ project in Kowloon Bay, with the administrator of Hong Kong’s government hospitals and health… Read More>>

CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s … Read more>>>

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

Evergrande Reassures on Controls and Processes After Internal Review

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

2023/08/23 by Christopher Caillavet Leave a Comment

China Evergrande has completed an internal review of its internal controls and procedures, along with issues raised by its former auditor over a $2 billion loan scheme, with the defaulted developer stating that the changes being made will satisfy listing… Read More>>

China Evergrande has completed an internal review of its internal controls and procedures, along with issues raised by … Read more>>>

Henderson Land Profit Jumps 25% as Bosses Flag Sluggish Hong Kong Market

2023/08/23 by Christopher Caillavet Leave a Comment

Henderson Land Development posted a 25 percent year-on-year jump in six-month net profit to HK$5.96 billion ($760 million), but the blue-chip builder’s revenue from Hong Kong property development remained flat as the city’s real estate market slumped in the second… Read More>>

Henderson Land Development posted a 25 percent year-on-year jump in six-month net profit to HK$5.96 billion ($760 … Read more>>>

Hyatt Regency Tokyo

Goldman, KKR, Blackstone Snap Up Japan Hotels and More Asia Real Estate Headlines 

Hyatt Regency Tokyo

2023/08/23 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, some of the world’s top fund managers pile into Japan hotel assets, and China’s state media clarifies its stance on houses as investments. Also on the list, Hong Kong’s abysmal home sales and… Read More>>

In today’s roundup of regional news headlines, some of the world’s top fund managers pile into Japan hotel assets, and … Read more>>>

PropertyGuru chief executive officer Hari V. Krishnan

PropertyGuru Exiting Indonesia as SE Asia Expansion Fails to Produce Profit

PropertyGuru chief executive officer Hari V. Krishnan

2023/08/22 by Beatrice Laforga Leave a Comment

PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year as Singapore firm retreats from a Southeast Asian expansion that has generated three years of red ink.

In a statement… Read More>>

PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year … Read more>>>

FEC chairman and CEO David Chiu

Hong Kong-Backed Star Entertainment Sued for $270M by Brisbane Casino Contractor

FEC chairman and CEO David Chiu

2023/08/22 by Christopher Caillavet Leave a Comment

Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.

The claim by Multiplex Constructions… Read More>>

Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort … Read more>>>

Jeffrey Shen ESR

ESR Taps China Insurer to Launch RMB Income Fund With $1.4B Investment Capacity

Jeffrey Shen ESR

2023/08/22 by Christopher Caillavet Leave a Comment

ESR has established its largest-ever onshore income fund in China, launching with a total investment capacity of RMB 10 billion ($1.4 billion).

The Hong Kong-listed industrial giant is partnering with one of China’s leading insurance firms on the fund, which… Read More>>

ESR has established its largest-ever onshore income fund in China, launching with a total investment capacity of RMB 10 … Read more>>>

Frasers Tower SG

Frasers Lands Green Loan for Singapore Tower and More Asia Real Estate Headlines

Frasers Tower SG

2023/08/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore-based Frasers Property refinances a large loan coming due next month, and Hong Kong investor Eric Chu tries to dump assets in a weak market. Also making the cut are developers on the… Read More>>

In today’s roundup of regional news headlines, Singapore-based Frasers Property refinances a large loan coming due next … Read more>>>

John Mowat UBS

UBS AM Bets Big on Japan Multi-Family With $230M Tokyo Development Project

John Mowat UBS

2023/08/21 by Christopher Caillavet Leave a Comment

UBS Asset Management has launched a multi-family development project in east-central Tokyo that is expected to be worth $230 million upon completion, as Japan’s red-hot rental residential market continues to soak up foreign capital.

The project in Koto ward’s Kiba… Read More>>

UBS Asset Management has launched a multi-family development project in east-central Tokyo that is expected to be worth … Read more>>>

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