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Richard van Den Berg

M&G Completes $248M Purchase of Four Singapore Auto Facilities From Cycle & Carriage 

Richard van Den Berg

2023/03/07 by Beatrice Laforga Leave a Comment

M&G Real Estate has completed its purchase of four car showrooms in Singapore from auto distributor Jardine Cycle & Carriage (JC&C) for a combined S$333 million ($248 million), in the city-state’s largest industrial deal in nearly four years.

“The attraction… Read More>>

M&G Real Estate has completed its purchase of four car showrooms in Singapore from auto distributor Jardine Cycle … Read more>>>

Myanmar Sedona Hotel Yangon

Keppel Land Exiting Myanmar Hotel Project and More Asia Real Estate Headlines

Myanmar Sedona Hotel Yangon

2023/03/07 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore’s Keppel Land sells out of a Myanmar hotel development, and insurance giant Ping An Group says it’s on the hook for about a fourth of the estimated damage bill from the Kimpton… Read More>>

In today’s roundup of regional news headlines, Singapore’s Keppel Land sells out of a Myanmar hotel development, and … Read more>>>

Andrew Lee of BlackRock

BlackRock Ups Stake in Mapletree Logistics Trust, Becoming Substantial Unitholder

Andrew Lee of BlackRock

2023/03/07 by Greg Isaacson Leave a Comment

BlackRock Inc. has become a substantial investor in Mapletree Logistics Trust, the Singapore-based industrial specialist, as the US asset manager continues to target the city-state’s industrial sector.

Through one of its subsidiaries, BlackRock acquired just under 1.8 million units of… Read More>>

BlackRock Inc. has become a substantial investor in Mapletree Logistics Trust, the Singapore-based industrial … Read more>>>

Stuart Crow JLL

Pricing, Interest Rate Challenges Test Investors in APAC Commercial Real Estate Markets

Stuart Crow JLL

2023/03/07 by Christopher Caillavet Leave a Comment

Real estate investors are pointing to uncertainties around pricing and rising interest rates as the main factors slowing capital deployment in Asia Pacific commercial property markets this year, according to JLL.

A survey of global and regional investors found that… Read More>>

Real estate investors are pointing to uncertainties around pricing and rising interest rates as the main factors slowing … Read more>>>

Nearly Half of Singapore Condo Project Sold on Launch Day

2023/03/06 by Beatrice Laforga Leave a Comment

Sim Lian Group sold nearly half of a 386-unit condo project in Singapore’s Bukit Panjang area on its launch day this past weekend, as residents and investors continued to show an appetite for new homes in the city-state.

Despite rising… Read More>>

Sim Lian Group sold nearly half of a 386-unit condo project in Singapore’s Bukit Panjang area on its launch day this … Read more>>>

Veronica Huang, Brookfield

Panel: Multi-Family Investment in Greater China MTD TV APAC Residential Forum 2023

Veronica Huang, Brookfield

2023/03/06 by Danita Phaopat Leave a Comment

Due to rising urban population, housing affordability concerns and supporting government policies, Greater China’s multi-family sector has the potential to grow into one of the largest globally.

To explore investment opportunities arising from this transformation, Mingtiandi welcomes leading investors, developers… Read More>>

Due to rising urban population, housing affordability concerns and supporting government policies, Greater China’s … Read more>>>

Chang Rui Hua ESR

ESR Gets Green Light from Hong Kong Exchange for Proposed Logistics C-REIT

Chang Rui Hua ESR

2023/03/06 by Greg Isaacson Leave a Comment

The Stock Exchange of Hong Kong has approved ESR’s proposed spin-off of three mainland logistics projects and their potential listing through a China REIT on the Shanghai Stock Exchange, marking a step forward in the planned transaction as the recently… Read More>>

The Stock Exchange of Hong Kong has approved ESR’s proposed spin-off of three mainland logistics projects and their … Read more>>>

Black Kite founder Richard Brooks

China’s Black Kite Adds Four Jiangsu Warehouse Projects to Pipeline

Black Kite founder Richard Brooks

2023/03/06 by Greg Isaacson Leave a Comment

Chinese logistics specialist Black Kite is expanding its footprint in the Yangtze River Delta, embarking on four new warehouse projects totalling 441,275 square metres (more than 4.7 million square feet) in recent weeks, as industry insiders flag continued growth in… Read More>>

Chinese logistics specialist Black Kite is expanding its footprint in the Yangtze River Delta, embarking on four new … Read more>>>

WEE EE LIM UOL Group

Asia Real Estate People in the News 2023-03-06

WEE EE LIM UOL Group

2023/03/06 by Michael Cole Leave a Comment

Generational change leads this week’s set of personnel moves from Asia’s real estate community with 94-year-old tycoon Wee Cho Yaw deciding to take a step back from one of the Singapore-listed companies under his leadership. Also in the news are… Read More>>

Generational change leads this week’s set of personnel moves from Asia’s real estate community with 94-year-old tycoon … Read more>>>

Ben Keswick Hongkong Land

Hongkong Land Says 2022 Underlying Profit Fell 20% on Mainland China Troubles

Ben Keswick Hongkong Land

2023/03/05 by Christopher Caillavet Leave a Comment

Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on declining contributions from residential projects in mainland China.

According to Hongkong Land’s preliminary results issued Thursday, the group’s profit attributable to shareholders… Read More>>

Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on … Read more>>>

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