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Yan hao Jingrui

PwC Walks Away From Jingrui Audit Role Citing Murky Bank Deposits 

Yan hao Jingrui

2022/06/13 by Christopher Caillavet Leave a Comment

Jingrui Holdings has joined the growing list of Chinese developers cutting ties with their auditors, with the company announcing that Big Four accounting firm PwC exited the role late last month.

At the request of Jingrui’s board, PricewaterhouseCoopers resigned as… Read More>>

Jingrui Holdings has joined the growing list of Chinese developers cutting ties with their auditors, with the company … Read more>>>

Robert Wallace FLCT

Goodman Sells 3 Melbourne Industrial Properties to Singapore’s FLCT for $42M

Robert Wallace FLCT

2022/06/13 by Christopher Caillavet Leave a Comment

Frasers Logistics & Commercial Trust has agreed to acquire three newly completed industrial properties near Melbourne for A$61 million ($42.5 million), as the REIT continues to spend cash obtained from the disposal of a Singapore commercial complex earlier this year.

… Read More>>

Frasers Logistics & Commercial Trust has agreed to acquire three newly completed industrial properties near … Read more>>>

Suntech City Singapore

Floor in Singapore’s Suntec City Sells for Record Price and More Asia Real Estate Headlines

Suntech City Singapore

2022/06/13 by Michael Cole Leave a Comment

Singapore’s return to normalcy may be paying dividends for owners of office assets, with news reports today showing that a full floor in Suntec City has changed hands at a record high price. Also in the news, Angelo Gordon is… Read More>>

Singapore’s return to normalcy may be paying dividends for owners of office assets, with news reports today showing that … Read more>>>

Carolin Fong Suet-yuen

Asia Real Estate People in the News 2022-06-13

Carolin Fong Suet-yuen

2022/06/13 by Michael Cole Leave a Comment

Top level moves in Hong Kong lead this week’s roundup of personnel moves from around Asia with the SAR appointing a new member to the leadership of the Urban Renewal Authority, and top developer New World Development naming a new… Read More>>

Top level moves in Hong Kong lead this week’s roundup of personnel moves from around Asia with the SAR appointing a new … Read more>>>

Lu Wing Chi

SEA Holdings Pays $79M for Hong Kong Build-to-Rent Project

Lu Wing Chi

2022/06/12 by Pawara Laothamatas Leave a Comment

Hong Kong’s SEA Holdings this week acquired its second luxury residential site in four months, and is on the way to building a HK$900 million ($114.6 million) housing project targeting wealthy mainland tenants in the city’s Jardine’s Lookout neighbourhood.

Having… Read More>>

Hong Kong’s SEA Holdings this week acquired its second luxury residential site in four months, and is on the way to … Read more>>>

Ong Pang Aik Lian Beng

Singapore’s Lian Beng Buys Industrial Building Near Paya Lebar for $36M

Ong Pang Aik Lian Beng

2022/06/11 by Beatrice Laforga Leave a Comment

The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this past week, including an S$49.25 million ($35.67 million) purchase near Paya Lebar revealed on Friday.

Singapore-listed Lian Beng told… Read More>>

The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this … Read more>>>

Manoj Paul - equinix

Equinix Investing $86M to Develop Third Data Centre in Mumbai Hotspot

Manoj Paul - equinix

2022/06/11 by Christopher Caillavet Leave a Comment

Equinix continues to expand in India’s biggest server-hosting market, with the US giant announcing plans to build its third Mumbai data centre at an initial investment cost of more than $86 million.

The initial investment includes the acquisition of a… Read More>>

Equinix continues to expand in India’s biggest server-hosting market, with the US giant announcing plans to build its … Read more>>>

alpharium4

Korean Commercial Property Investment Set to Ease After Record $42B in 2021

alpharium4

2022/06/11 by Christopher Caillavet Leave a Comment

After soaring to a record KRW 54 trillion ($42 billion) in 2021, investment in South Korea’s commercial property market is expected to decrease this year on concerns about rising interest rates, according to Colliers research.

Prime office investment in Seoul… Read More>>

After soaring to a record KRW 54 trillion ($42 billion) in 2021, investment in South Korea’s commercial property market … Read more>>>

upland square pottsdown pennsylvania 3

United Hampshire US REIT Buying Mall for $85.7M and More Asia Real Estate Headlines

upland square pottsdown pennsylvania 3

2022/06/11 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Singapore-listed REITs buy a shopping centre and sell a data centre in the US market, Hong Kong’s New World Development issues green and social bonds, and Thailand’s Central Pattana plans to invest in… Read More>>

In today’s roundup of regional news headlines, Singapore-listed REITs buy a shopping centre and sell a data centre in … Read more>>>

Connie Peng BlackRock

BlackRock Developing Logistics Project Outside Beijing with Chaintouch China

Connie Peng BlackRock

2022/06/09 by Michael Cole 2 Comments

BlackRock is taking on a 190,000 square metre (2 million square foot) development project outside of Beijing as the investment manager expands its exposure to China’s logistics real estate sector.

The US asset management giant is developing the distribution centre… Read More>>

BlackRock is taking on a 190,000 square metre (2 million square foot) development project outside of Beijing as the … Read more>>>

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