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Lujiazui Shanghai

Shanghai Saw 74% Plunge in Net Office Take-Up in Q4 as Tenants Pulled Back

Lujiazui Shanghai

2023/01/11 by Greg Isaacson Leave a Comment

Shanghai’s office market continued to struggle in the last quarter of 2022, as the mainland financial hub was battered by COVID-19 chaos and sluggish leasing activity, but the market is poised to bounce back this year amid a broader economic… Read More>>

Shanghai’s office market continued to struggle in the last quarter of 2022, as the mainland financial hub was battered … Read more>>>

Golden Mile Tower Singapore

Bids for Singapore’s Golden Mile Tower Continue and More Asia Real Estate Headlines

Golden Mile Tower Singapore

2023/01/11 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, the collective sale of Singapore’s Golden Mile Tower enters the negotiation phase after its tender closes, and a Korean activist fund agrees to acquire Seoul-based Meritz Asset Management.

Golden Mile… Read More>>

In today’s roundup of regional news headlines, the collective sale of Singapore’s Golden Mile Tower enters the … Read more>>>

Bruno Lopez st telemedia

ST Telemedia Global Data Centres Completes Sale of 40% Stake in UK Unit to Macquarie

Bruno Lopez st telemedia

2023/01/10 by Christopher Caillavet Leave a Comment

Temasek Holdings-backed ST Telemedia Global Data Centres has completed the sale of a 40 percent stake in its UK-based Virtus subsidiary to Macquarie Asset Management.

The investment by the Australian fund manager will enable the digital infrastructure arm of Singapore’s… Read More>>

Temasek Holdings-backed ST Telemedia Global Data Centres has completed the sale of a 40 percent stake in its UK-based … Read more>>>

Bastiaan van Beijsterveldt

Colliers Promotes Bastiaan van Beijsterveldt to Managing Director for Singapore

Bastiaan van Beijsterveldt

2023/01/10 by Christopher Caillavet Leave a Comment

Colliers on Tuesday announced the promotion of Bastiaan van Beijsterveldt to the role of managing director for Singapore, as the property services firm continues to refresh its Asia-based leadership.

Van Beijsterveldt moves from his previous position of executive director and… Read More>>

Colliers on Tuesday announced the promotion of Bastiaan van Beijsterveldt to the role of managing director for … Read more>>>

Simon Smith of Savills

Hong Kong Strata Industrial Sales Crash 66% in Q4 as Supply Chain Woes Continue

Simon Smith of Savills

2023/01/10 by Greg Isaacson Leave a Comment

Modern warehouse rents in Hong Kong declined 1.5 percent in the fourth quarter of last year as a slumping logistics market weighed on local third-party logistics (3PL) operators, while sales of stratified industrial space plunged 66 percent during the quarter,… Read More>>

Modern warehouse rents in Hong Kong declined 1.5 percent in the fourth quarter of last year as a slumping logistics … Read more>>>

xiaolan-metro-mall-5

China Mall REIT Appoints Financial Advisor After Missing Deadline on $564M in Debt

xiaolan-metro-mall-5

2023/01/10 by Beatrice Laforga Leave a Comment

Chinese mall landlord Dasin Retail Trust has tapped a financial advisor to conduct an independent business review as the SGX-listed real estate investment trust asks lenders for an additional extension on repayment of debt worth as much as $564 million.

… Read More>>

Chinese mall landlord Dasin Retail Trust has tapped a financial advisor to conduct an independent business review as the … Read more>>>

Sogo Tsim Sha Tsui

Sogo’s Tsim Sha Tsui Branch Closing Down in March and More Asia Real Estate Headlines

Sogo Tsim Sha Tsui

2023/01/10 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Hong Kong’s retail slump claims another victim as Sogo prepares to close its Tsim Sha Tsui store after 18 years in business, and top mainland developer Country Garden reportedly secures funds to avert… Read More>>

In today’s roundup of regional news headlines, Hong Kong’s retail slump claims another victim as Sogo prepares to close … Read more>>>

christine sun orangetee

Singapore Housing Market Preps for Return of PRC Buyers 

christine sun orangetee

2023/01/09 by Beatrice Laforga Leave a Comment

In a much-awaited move, China lifted COVID-driven travel restrictions on its citizens on Sunday, with property analysts in Singapore expecting the move to help prop up home sales in the city-state this year as mainlanders turn to the city’s safe… Read More>>

In a much-awaited move, China lifted COVID-driven travel restrictions on its citizens on Sunday, with property analysts … Read more>>>

Hironori Nishikawa Tokyu Land

Tokyu Land’s Comforia Residential REIT Buying Seven Properties for $86M

Hironori Nishikawa Tokyu Land

2023/01/09 by Christopher Caillavet Leave a Comment

Tokyo-listed Comforia Residential REIT has agreed to acquire seven assets across Japan, including multifamily, student housing and senior living properties, for a total of JPY 11.4 billion ($86 million).

The buildings in Tokyo, Osaka, Kyoto and Saitama prefecture comprise nearly… Read More>>

Tokyo-listed Comforia Residential REIT has agreed to acquire seven assets across Japan, including multifamily, student … Read more>>>

Jack Ma, Daniel Zhang Alibaba

Alibaba-Backed Red Star Macalline in Talks to Sell Controlling Stake to Xiamen SOE

Jack Ma, Daniel Zhang Alibaba

2023/01/09 by Greg Isaacson Leave a Comment

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled… Read More>>

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall … Read more>>>

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