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Worldwide Hotels boss Choo Chong Ngen

Worldwide Follows Singapore Record Deal with $113M Melbourne Hotel Buy

Worldwide Hotels boss Choo Chong Ngen

2023/07/09 by Beatrice Laforga Leave a Comment

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group has followed up with an A$170 million ($112.8 million) buy of a high-rise hotel in downtown Melbourne from one of its compatriots.

… Read More>>

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group … Read more>>>

Three Garden Road Champion REIT

Hong Kong Office Market Continues to Contract in Q2 as Reopening Disappoints

Three Garden Road Champion REIT

2023/07/09 by Christopher Caillavet Leave a Comment

Occupiers in Hong Kong’s Grade A office market gave back 172,700 square feet (16,044 square metres) more than they took up in the second quarter of 2023, mainly due to downsizing by multinational companies in Tsim Sha Tsui and Central,… Read More>>

Occupiers in Hong Kong’s Grade A office market gave back 172,700 square feet (16,044 square metres) more than they took … Read more>>>

Cromwell Property Group chairman Gary Weiss

Cromwell Property Fund to Merge With Australian Unity Vehicle in $730M Tie-Up

Cromwell Property Group chairman Gary Weiss

2023/07/09 by Christopher Caillavet Leave a Comment

ASX-listed Cromwell Property Group on Friday announced an agreement to merge its Cromwell Direct Property Fund with Australian Unity’s Diversified Property Fund to form a 15-asset portfolio valued at A$1.1 billion ($730 million).

The merger will result in unitholders in… Read More>>

ASX-listed Cromwell Property Group on Friday announced an agreement to merge its Cromwell Direct Property Fund with … Read more>>>

Logos Melbourne

Ivanhoe, ADIA Marketing Stakes in Logos Sheds and More Asia Real Estate Headlines

Logos Melbourne

2023/07/09 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Canadian investor Ivanhoe Cambridge reportedly shops its stake in a Logos-run Australian logistics portfolio, and US giant Equinix opens its latest hyperscale data centre in Tokyo. Also making the list, Evergrande customers have… Read More>>

In today’s roundup of regional news headlines, Canadian investor Ivanhoe Cambridge reportedly shops its stake in a … Read more>>>

Teresa Zhuge GLP

GLP Capital Partners Hits $360M Final Closing for 8th China Income Fund

Teresa Zhuge GLP

2023/07/06 by Christopher Caillavet Leave a Comment

GLP Capital Partners has reached the final closing of the eighth edition of its China onshore income fund series, amassing equity commitments of RMB 2.6 billion ($360 million).

The capital for the long-term vehicle was raised from a group of… Read More>>

GLP Capital Partners has reached the final closing of the eighth edition of its China onshore income fund series, … Read more>>>

Peter Woo (Getty Images)

Wheelock Wins Residential Site in Hong Kong’s Kennedy Town with Bargain $220M Bid

Peter Woo (Getty Images)

2023/07/06 by Beatrice Laforga Leave a Comment

Wheelock Properties has won a residential site in Hong Kong’s Kennedy Town at a lower-than-expected price of HK$1.72 billion ($220 million) as the housing market continues to cool in the Asian financial hub.

Hong Kong’s Lands Department announced the winning… Read More>>

Wheelock Properties has won a residential site in Hong Kong’s Kennedy Town at a lower-than-expected price of HK$1.72 … Read more>>>

xiaolan-metro-mall-5

Dasin Retail Trust Scraps Proposed Deal as Restructuring Talks Drag On

xiaolan-metro-mall-5

2023/07/06 by Christopher Caillavet Leave a Comment

Defaulted mall landlord Dasin Retail Trust notified the Singapore Exchange on Thursday that a proposed memorandum of understanding with a “reputable Chinese entity” has been terminated over concerns about legality and some recent actions taken by Zhang Zhencheng, who together… Read More>>

Defaulted mall landlord Dasin Retail Trust notified the Singapore Exchange on Thursday that a proposed memorandum of … Read more>>>

Tampines 1

Frasers Centrepoint Trust Wins $310M Green Loan and More Asia Real Estate Headlines

Tampines 1

2023/07/06 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore’s Frasers Centrepoint Trust announces fresh financing to help its malls go green, and Sino-Ocean reportedly meets two key shareholders to discuss the Chinese developer’s debt load before an onshore bond matures next… Read More>>

In today’s roundup of regional news headlines, Singapore’s Frasers Centrepoint Trust announces fresh financing to help … Read more>>>

The Monetary Authority of Singapore (Getty Images)

Singapore Expanding Family Office Incentives to Keep Cash Local, Go Green

The Monetary Authority of Singapore (Getty Images)

2023/07/05 by Christopher Caillavet Leave a Comment

The Monetary Authority of Singapore on Wednesday expanded the island financial hub’s outreach to wealthy private investors by introducing new tax policies to nudge single family offices towards sustainability-focused projects and philanthropic works.

In remarks at a briefing on MAS’s… Read More>>

The Monetary Authority of Singapore on Wednesday expanded the island financial hub's outreach to wealthy private … Read more>>>

Lian Beng chairman Ong Pang Aik

Lian Beng’s $251M Buyout Moving Forward as Shareholders Accept Chairman’s Sweetened Offer

Lian Beng chairman Ong Pang Aik

2023/07/05 by Christopher Caillavet Leave a Comment

The Ong family behind Lian Beng Group has persuaded enough shareholders to accept a sweetened buyout offer for the Singapore-listed developer for the privatisation to move ahead towards a delisting.

Led by Lian Beng chairman and patriarch Ong Paik Ang,… Read More>>

The Ong family behind Lian Beng Group has persuaded enough shareholders to accept a sweetened buyout offer for the … Read more>>>

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