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sukanto-tanoto-tf

Indonesian Tycoon Buying Singapore’s Tanglin Shopping Centre for $645M

sukanto-tanoto-tf

2022/02/23 by Christopher Caillavet Leave a Comment

A company owned by the family of Indonesian lumber tycoon Sukanto Tanoto has acquired the Tanglin Shopping Centre in Singapore’s Orchard Road area at a 10 percent premium over the reserve price in the asset tender, as commercial properties in… Read More>>

A company owned by the family of Indonesian lumber tycoon Sukanto Tanoto has acquired the Tanglin Shopping Centre in … Read more>>>

hui wing mau shi mao

Shimao Misses Payments as $948M Debt Talks Drag On and More Asia Real Estate Headlines

hui wing mau shi mao

2022/02/23 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, cash-strapped developer Shimao misses trust payments on high-yield products, Singapore’s GIC forms a New Zealand joint venture, and banking giant HSBC takes a $450 million charge related to Chinese property exposure.

Read More>>

In today’s roundup of regional news headlines, cash-strapped developer Shimao misses trust payments on high-yield … Read more>>>

Hong Kong’s Chevalier Buying London Office Building From BBC Trust for $62M

2022/02/22 by Christopher Caillavet Leave a Comment

Hong Kong-listed Chevalier International Holdings has agreed to buy a City of London office building for £45.9 million ($62.4 million), as Asian investors continue to do their high-end shopping in the UK capital’s real estate market.

The conglomerate is picking… Read More>>

Hong Kong-listed Chevalier International Holdings has agreed to buy a City of London office building for £45.9 million … Read more>>>

Singapore finance minister Lawrence Wong

Analysts See Little Impact as Singapore Raises Property Taxes to as High as 36%

Singapore finance minister Lawrence Wong

2022/02/22 by Beatrice Laforga Leave a Comment

Less than three months after targeting buyers of multiple homes with higher transaction taxes and tightened lending conditions, Singapore is introducing increases in property taxes which could raise rates charged to owners of residential investment properties by one-third or more.

… Read More>>

Less than three months after targeting buyers of multiple homes with higher transaction taxes and tightened lending … Read more>>>

Stan Tang

Family of Late ‘Shop King’ Selling Kowloon Industrial Building for $94M

Stan Tang

2022/02/22 by Pawara Laothamatas Leave a Comment

The family of Hong Kong’s late “Shop King” Tang Shing-bor is taking advantage of the city’s booming industrial market to raise cash, adding a 15th major asset to the clan’s series of disposals in the last seven months with the… Read More>>

The family of Hong Kong’s late “Shop King” Tang Shing-bor is taking advantage of the city’s booming industrial market to … Read more>>>

hotel brooklyn manchester

CDL Hospitality Trust Buys UK Hotel for $32M and More Asia Real Estate Headlines

hotel brooklyn manchester

2022/02/22 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, SGX-listed CDL Hospitality Trusts acquires a hotel in England, Singapore’s Q Investment Partners offloads student housing assets in Scotland, and Chinese authorities broaden property lending support to bigger cities.

… Read More>>

In today’s roundup of regional news headlines, SGX-listed CDL Hospitality Trusts acquires a hotel in England, … Read more>>>

Rangu Salgame, Chairman & CEO, Princeton Digital Group

Princeton Digital Raises $505M in Mubadala-Led Equity Round for Asia Data Centre Platform

Rangu Salgame, Chairman & CEO, Princeton Digital Group

2022/02/22 by Michael Cole Leave a Comment

Asian hyperscale specialist Princeton Digital Group has landed $505 million in fresh cash to expand its regional data centre platform, with the Warburg Pincus-backed firm announcing today that it has closed on a new financing round led by Abu Dhabi’s… Read More>>

Asian hyperscale specialist Princeton Digital Group has landed $505 million in fresh cash to expand its regional data … Read more>>>

Yoshiyuki Chosa GLP

GLP Acquires Sites to Kick Off $12B Japan Data Centre Platform

Yoshiyuki Chosa GLP

2022/02/21 by Christopher Caillavet Leave a Comment

GLP has secured land to begin developing its first data centres in Japan, joining a throng of global investors attracted to digital infrastructure in Asia’s second-largest economy.

The industrial specialist and fund manager aims to invest more than JPY 1.5… Read More>>

GLP has secured land to begin developing its first data centres in Japan, joining a throng of global investors attracted … Read more>>>

Huang Xianzhi Zhenro

Zhenro Asks Bond Creditors Not to Sue as Developer Crisis Continues

Huang Xianzhi Zhenro

2022/02/21 by Christopher Caillavet Leave a Comment

Zhenro Properties, a top 30 Chinese developer by contracted sales, jolted investors late last week with the news that it was asking holders of a $200 million bond due in March to refrain from default claims as the company deals… Read More>>

Zhenro Properties, a top 30 Chinese developer by contracted sales, jolted investors late last week with the news that it … Read more>>>

Bangalore skyline

GIC to Invest $376M in Bengaluru Project and More Asia Real Estate Headlines

Bangalore skyline

2022/02/21 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, Singapore sovereign investor GIC eyes an investment in a Bengaluru commercial project, China’s declining home prices decelerate for a second month, and Australia’s Lendlease tumbles to a first-half loss as the developer seeks… Read More>>

In today’s roundup of regional news headlines, Singapore sovereign investor GIC eyes an investment in a Bengaluru … Read more>>>

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