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151 Lor Chuan

Switzerland’s Volare Group Makes Offer for Additional 10% of Sabana REIT

151 Lor Chuan

2023/01/23 by Christopher Caillavet Leave a Comment

Volare Group has made an offer to acquire a 10 percent stake in Sabana Industrial REIT, a deal that would build on the Swiss conglomerate’s current 5.4 percent interest in the Singapore-listed trust.

Volare, whose business lines include real estate,… Read More>>

Volare Group has made an offer to acquire a 10 percent stake in Sabana Industrial REIT, a deal that would build on the … Read more>>>

Liu Ping, chairman of Poly Developments and Holdings Group

State Developers Take 8 of Top 10 Spots in China Sales Rankings

Liu Ping, chairman of Poly Developments and Holdings Group

2023/01/23 by Greg Isaacson Leave a Comment

State-owned enterprises dominated the ranks of China’s biggest developers by sales in 2022, with SOEs accounting for eight of the top 10 mainland builders, as Beijing’s deleveraging policy battered the country’s private real estate firms.

Country Garden Holdings and Longfor… Read More>>

State-owned enterprises dominated the ranks of China’s biggest developers by sales in 2022, with SOEs accounting for … Read more>>>

Liu Weiliang Zhenro

Asia Real Estate People in the News 2023-01-23

Liu Weiliang Zhenro

2023/01/23 by Michael Cole Leave a Comment

An ailing mainland developer leads this week’s set of personnel moves from around Asia, as a new chairman takes over at both Zhenro Properties and its property management affiliate. Also, announcing leadership changes are China Aoyuan, JLL, PropertyGuru and Mitsui’s… Read More>>

An ailing mainland developer leads this week’s set of personnel moves from around Asia, as a new chairman takes over at … Read more>>>

Guoco Midtown

GuocoLand Net Profit Dives After Year-Earlier Gain and More Asia Real Estate Headlines

Guoco Midtown

2023/01/23 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, SGX-listed builder GuocoLand takes a profit hit after recording a large disposal gain a year earlier, and Warren Buffett’s Berkshire Hathaway will lend support to a smart city development in India.

Read More>>

In today’s roundup of regional news headlines, SGX-listed builder GuocoLand takes a profit hit after recording a large … Read more>>>

Robinson Point in Singapore

Viva Land Marketing Singapore Assets at 10% Off After Vietnam Fraud Arrests

Robinson Point in Singapore

2023/01/20 by Beatrice Laforga Leave a Comment

After setting Singapore price records with its purchases of an office tower and a five-star hotel along Robinson Road, Viva Land is seeking to unload both assets for around S$670 million ($506.7 million), according to market sources.

The urgent sale… Read More>>

After setting Singapore price records with its purchases of an office tower and a five-star hotel along Robinson Road, … Read more>>>

Paul Davis JLL

JLL Hires Paul Davis, Shai Greenberg to Lead Japan International Capital Division

Paul Davis JLL

2023/01/20 by Christopher Caillavet Leave a Comment

JLL has beefed up its Japan capital markets team with the hiring of Paul Davis and Shai Greenberg to serve as co-leads of international capital in the country.

Davis joins the property consultancy from law firm Morrison & Foerster, where… Read More>>

JLL has beefed up its Japan capital markets team with the hiring of Paul Davis and Shai Greenberg to serve as co-leads … Read more>>>

Ocean Metro Mall Guangdong China

Dasin Retail Trust Slapped With Default Notice After Payment Fail

Ocean Metro Mall Guangdong China

2023/01/20 by Christopher Caillavet Leave a Comment

Chinese mall landlord Dasin Retail Trust has received a letter from Macau’s Luso Bank declaring a default after the Singapore-listed REIT failed to make an interest payment on a $13.1 million loan facility.

Pursuant to the last interest payment made… Read More>>

Chinese mall landlord Dasin Retail Trust has received a letter from Macau’s Luso Bank declaring a default after the … Read more>>>

Henry Kravis KKR

KKR Follows Blackstone With REIT Withdrawal Cap and More Asia Real Estate Headlines

Henry Kravis KKR

2023/01/20 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, buyout giant KKR limits withdrawals from a real estate vehicle, investment bank Goldman Sachs sees Hong Kong home prices falling 10 percent this year, and flex space provider WeWork announces a round of… Read More>>

In today’s roundup of regional news headlines, buyout giant KKR limits withdrawals from a real estate vehicle, … Read more>>>

Richard van Den Berg

M&G Takes Majority Ownership of ESR Greater Tokyo Warehouse for $267M

Richard van Den Berg

2023/01/19 by Beatrice Laforga Leave a Comment

M&G Real Estate Asia has acquired an additional one-third interest in an ESR Greater Tokyo distribution centre for JPY 34 billion ($267 million), giving the Asian division of the British asset manager a majority stake in one of ESR’s largest… Read More>>

M&G Real Estate Asia has acquired an additional one-third interest in an ESR Greater Tokyo distribution centre for … Read more>>>

Jack Ma, Alibaba Founder

Alibaba-Backed Red Star Macalline Being Bought Out by Xiamen SOE

Jack Ma, Alibaba Founder

2023/01/19 by Greg Isaacson Leave a Comment

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.

Shanghai-listed… Read More>>

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group … Read more>>>

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