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Tom Lee KKR

KKR to Acquire Sofitel Sydney Wentworth From Frasers Hospitality Trust for $236M

Tom Lee KKR

2021/11/01 by Christopher Caillavet Leave a Comment

KKR’s new head of Australia real estate is already having an impact, as the US private equity giant has struck a deal to buy the landmark Sofitel Sydney Wentworth from Frasers Hospitality Trust for A$315 million ($236.7 million).

Singapore-listed FHT… Read More>>

KKR’s new head of Australia real estate is already having an impact, as the US private equity giant has struck a deal to … Read more>>>

Beh Siew Kim of Ascott

Ascott REIT Buying Carlyle-Backed Illinois Student Housing Project for $83M

Beh Siew Kim of Ascott

2021/11/01 by Christopher Caillavet Leave a Comment

Ascott Residence Trust has agreed to acquire an apartment building near the main campus of the University of Illinois, marking the Singapore-listed REIT’s fourth investment in the US student accommodation market this year.

ART will pay $83.25 million for the… Read More>>

Ascott Residence Trust has agreed to acquire an apartment building near the main campus of the University of Illinois, … Read more>>>

245 Park Avenue manhattan new york

HNA-Owned NYC Tower Files for Bankruptcy and More Asia Real Estate Headlines

245 Park Avenue manhattan new york

2021/11/01 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, a New York skyscraper owned by failed Chinese conglomerate HNA files for bankruptcy, mainland developer Yango asks for an extra year to repay holders of its asset-backed securities, and a Hong Kong developer… Read More>>

In today’s roundup of regional news headlines, a New York skyscraper owned by failed Chinese conglomerate HNA files for … Read more>>>

Wee Lieng Seng

Asia Real Estate People in the News 2021-11-01

Wee Lieng Seng

2021/11/01 by Michael Cole Leave a Comment

Board moves at top developers lead Mingtiandi’s collection of real estate personnel updates from around the region this week, as Singapore-listed Guocoland names a new independent director and the Hong Kong-listed branch of China Poly Real Estate introduces a new… Read More>>

Board moves at top developers lead Mingtiandi’s collection of real estate personnel updates from around the region this … Read more>>>

Ong Beng Seng

Temasek-Led Group’s $2.5B Bid Tops Keppel Offer for SPH Real Estate Business

Ong Beng Seng

2021/10/31 by Christopher Caillavet Leave a Comment

Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.

Cuscaden Peak, a company… Read More>>

Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid … Read more>>>

han xiaosheng oceanwide

Creditors Seize Oceanwide’s San Francisco Office Project After $320M Bond Default

han xiaosheng oceanwide

2021/10/30 by Christopher Caillavet Leave a Comment

China Oceanwide Holdings suffered another blow to its shrinking real estate empire on Thursday as creditors foreclosed on the cash-strapped developer’s unfinished San Francisco mixed-use project, which had served as collateral for about HK$2.5 billion ($320 million) in notes that… Read More>>

China Oceanwide Holdings suffered another blow to its shrinking real estate empire on Thursday as creditors foreclosed … Read more>>>

Chew-Fook-Aun-Deputy-Chairman

Lai Sun Adds to Residential Pipeline with $206M Kowloon Tong Buy

Chew-Fook-Aun-Deputy-Chairman

2021/10/30 by Pawara Laothamatas Leave a Comment

Local builder Lai Sun Development moved to expand its development pipeline this past week, in the midst of Hong Kong’s housing boom, as it topped 16 competing bids to win a residential site in Kowloon Tong for a price of… Read More>>

Local builder Lai Sun Development moved to expand its development pipeline this past week, in the midst of Hong Kong’s … Read more>>>

Joseph Lau Chinese Estates (1)

Chinese Estates’ Lau Sells Kaisa Bonds at $174M Loss and More Asia Real Estate Headlines

Joseph Lau Chinese Estates (1)

2021/10/30 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, the family of billionaire Joseph Lau cuts its losses with the liquidation of its position in bonds issued by developer Kaisa Group, which is reportedly seeking buyers for Kaisa Prosperity Holdings, the group’s… Read More>>

In today’s roundup of regional news headlines, the family of billionaire Joseph Lau cuts its losses with the liquidation … Read more>>>

Henry Low Amazon

Amazon Opens in Singapore’s Asia Square as Tech Takes Over

Henry Low Amazon

2021/10/29 by Beatrice Laforga Leave a Comment

Tech giant Amazon has moved into a new home spanning three floors of Singapore’s Asia Square One office tower, bringing a high tech hipster style to the city’s banker-dominated Marina Bay financial hub.

Occupying over 100,000 square feet (9,290 square… Read More>>

Tech giant Amazon has moved into a new home spanning three floors of Singapore’s Asia Square One office tower, bringing … Read more>>>

jesline goh UOL

UOL Group Wins Tender for Bukit Timah Residential Site With $408M Bid

jesline goh UOL

2021/10/28 by Christopher Caillavet Leave a Comment

With Singapore’s home prices continuing to climb despite a COVID resurgence, local developer UOL Group seized the chance to replenish its land bank by entering the top bid for a residential redevelopment site in the city-state’s lush Bukit Timah area.

… Read More>>

With Singapore’s home prices continuing to climb despite a COVID resurgence, local developer UOL Group seized the chance … Read more>>>

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