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Kwek Leng Beng

Singapore’s CDL Selling Hilton Millennium Seoul Hotel to IGIS for $930M

Kwek Leng Beng

2021/12/13 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) is set to sell the Hilton Millennium Hotel in Seoul, along with an adjoining site, to local fund manager IGIS Asset Management for KRW 1.1 trillion ($930 million) as the Singapore-listed developer continues to divest loss-making… Read More>>

City Developments Ltd (CDL) is set to sell the Hilton Millennium Hotel in Seoul, along with an adjoining site, to local … Read more>>>

damian green manulife

Manulife Puts Name on Third HK Tower After Signing City’s Biggest Lease of 2021

damian green manulife

2021/12/13 by Pawara Laothamatas Leave a Comment

Canadian financial services firm Manulife now has a third office tower in Kowloon East bearing its trademarks as PAG’s International Trade Tower has been rebranded under the name of its anchor tenant.

“We are excited to broaden our footprint into… Read More>>

Canadian financial services firm Manulife now has a third office tower in Kowloon East bearing its trademarks as PAG’s … Read more>>>

Royal Meridien Hotel in Shanghai

Chinese Developers Slump as Shimao Bonds Plummet and More Asia Real Estate Headlines

Royal Meridien Hotel in Shanghai

2021/12/13 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, fresh concerns materialise over mainland developers as a drop in Shimao Group’s bonds sparks a wider sell-off, Evergrande’s creditors brace for a drawn-out restructuring process, and private equity investors lose their taste for… Read More>>

In today’s roundup of regional news headlines, fresh concerns materialise over mainland developers as a drop in Shimao … Read more>>>

Uten Lohachitpitaks

Asia Real Estate People in the News 2021-12-13

Uten Lohachitpitaks

2021/12/13 by Michael Cole Leave a Comment

A wave of end of the year departures fills up our weekly personnel column this week with senior leaders at Frasers Property, Heeton Holdings and UOL Group making way for new faces. There is also a pair of new hires… Read More>>

A wave of end of the year departures fills up our weekly personnel column this week with senior leaders at Frasers … Read more>>>

frank cohen blackstone

Blackstone Buys Out GIC’s Half of $2.5B Dexus Aussie Logistics JV

frank cohen blackstone

2021/12/10 by Michael Cole Leave a Comment

Just months after selling Australia’s biggest logistics portfolio of the year, Blackstone is stocking up on more warehouses Down Under with the acquisition of a nearly half share in a joint venture holding 77 properties in the country’s major cities.

… Read More>>

Just months after selling Australia’s biggest logistics portfolio of the year, Blackstone is stocking up on more … Read more>>>

Pansy Ho Shun Tak

Shun Tak Adds $407.5M Luxury Site to Growing Singapore Portfolio

Pansy Ho Shun Tak

2021/12/10 by Beatrice Laforga Leave a Comment

Hong Kong’s Shun Tak Holdings has picked up a residential site near Singapore’s posh Orchard Road shopping district for S$556.7 million ($407.5 million) as it readies another upscale residential development amid growing demand for premium homes.

The company founded by… Read More>>

Hong Kong’s Shun Tak Holdings has picked up a residential site near Singapore’s posh Orchard Road shopping district for … Read more>>>

pan Zhang US Open

Soho China Hits More Trouble as Electricity Gouging Fines Announced

pan Zhang US Open

2021/12/10 by Pawara Laothamatas Leave a Comment

Mainland authorities are continuing to clamp down on the nation’s billionaires with real estate power couple Pan Shiyi and Zhang Xin, who together control and manage developer Soho China, recently joining Jack Ma and other heavyweights in the regulatory penalty… Read More>>

Mainland authorities are continuing to clamp down on the nation’s billionaires with real estate power couple Pan Shiyi … Read more>>>

The Philips APAC Centre

Philips Said Close to Selling $73M SG Industrial Asset and More Asia Real Estate Headlines

The Philips APAC Centre

2021/12/10 by Michael Cole Leave a Comment

Singapore’s sizzling industrial property market leads today’s roundup of real estate headlines from around the region, as European electronic conglomerate Philips is said to be selling its last remaining workshop facility in the city-state.

Also in the… Read More>>

Singapore’s sizzling industrial property market leads today’s roundup of real estate headlines from around the region, … Read more>>>

Digital Edge Enters the Philippines With 10MW Data Centre Project

2021/12/10 by Beatrice Laforga Leave a Comment

Singapore-based Digital Edge has formed a $100 million joint venture with a Philippine real estate firm to build a 10 megawatt data centre in the Greater Manila area to supply the growing server hosting needs of a burgeoning tech sector.

… Read More>>

Singapore-based Digital Edge has formed a $100 million joint venture with a Philippine real estate firm to build a 10 … Read more>>>

martin Lee henderson

Henderson Outbid Runner-Up by 37% to Win $6.5B Hong Kong Harbourfront Site

martin Lee henderson

2021/12/09 by Christopher Caillavet Leave a Comment

Henderson Land Development’s level of enthusiasm for the Hong Kong harbourfront has become clearer after the government revealed that the firm’s winning bid of HK$50.8 billion ($6.5 billion) for the Site 3 plot in Central had topped the next-highest offer… Read More>>

Henderson Land Development’s level of enthusiasm for the Hong Kong harbourfront has become clearer after the government … Read more>>>

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