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Haruhiko Araki MEL REIT

Mitsubishi Estate Logistics REIT Buying Japanese Warehouse Portfolio for JPY 2.8B

Haruhiko Araki MEL REIT

2020/08/17 by Mingtiandi Team Leave a Comment

Mitsubishi Estate Logistics REIT Investment Corp (MEL REIT) has agreed to buy four logistics facilities across Tokyo, Osaka and Nagoya for JPY 28.4 billion ($266.6 million), and increase its stake in another, as it seeks to tap growing demand for… Read More>>

Mitsubishi Estate Logistics REIT Investment Corp (MEL REIT) has agreed to buy four logistics facilities across Tokyo, … Read more>>>

Takehiko Uehara Patrizia

Asia Real Estate People in the News 2020-08-17

Takehiko Uehara Patrizia

2020/08/17 by Michael Cole Leave a Comment

New appointments in Tokyo, Shanghai, Hong Kong and Singapore feature in this week’s collection of people moves documented on Mingtiandi, as a German investment manager consolidates its Japanese operation and a Malaysian developer names a new chief of finance. There… Read More>>

New appointments in Tokyo, Shanghai, Hong Kong and Singapore feature in this week’s collection of people moves … Read more>>>

xu jiayin

Alibaba, Tencent, Huatai Lead $3B Investment in Evergrande Spin-Off Pre-IPO

xu jiayin

2020/08/16 by Skye Li Leave a Comment

Some of Greater China’s largest investors have agreed to pay a total of HK$23.5 billion ($3 billion) for stakes in China Evergrande’s property management unit ahead of an anticipated IPO in Hong Kong, according to an announcement late last week.

… Read More>>

Some of Greater China’s largest investors have agreed to pay a total of HK$23.5 billion ($3 billion) for stakes in China … Read more>>>

Ming Mei GLP THUMB

Vantone Buys Hong Kong Hotel at 30% Discount as Tourist Drought Continues

Ming Mei GLP THUMB

2020/08/16 by Elizabeth Utley Leave a Comment

A hotel in Hong Kong’s Sai Ying Pun district recently changed hands for HK$310 million ($40 million), taking a 30 percent shave off the HK$450 million asking price when it was put on the market in May.

Beijing-based Vantone Holdings,… Read More>>

A hotel in Hong Kong’s Sai Ying Pun district recently changed hands for HK$310 million ($40 million), taking a 30 … Read more>>>

wangjing soho

Soho China Declares Blackstone Buyout Deal DOA and More Asia Real Estate Headlines

wangjing soho

2020/08/16 by Michael Cole Leave a Comment

The coronavirus appears to have claimed another victim with Soho China declaring that its proposed deal with Blackstone to privatise the company had fallen apart as real estate markets struggle with shifts in valuation.

While that transaction… Read More>>

The coronavirus appears to have claimed another victim with Soho China declaring that its proposed deal with Blackstone … Read more>>>

Kwek Leng Beng

CDL Steps Up SG Redevelopment Projects as Profit Falls 99%

Kwek Leng Beng

2020/08/13 by Jonathan Burgos Leave a Comment

Real estate giant City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in Singapore’s central business district after the COVID-19 pandemic dragged the group’s net profit in the first six months of the year.

CDL… Read More>>

Real estate giant City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in … Read more>>>

Christina Gaw tb2

Gaw Capital Raises $900M for Education, Property Deals

Christina Gaw tb2

2020/08/13 by Elizabeth Utley Leave a Comment

Hong Kong-based property investment firm Gaw Capital Partners has won a fresh investment mandate totaling $900 million, the company announced in a statement this week.

The capital commitment, which comes from an unnamed institutional investor, will be… Read More>>

Hong Kong-based property investment firm Gaw Capital Partners has won a fresh investment mandate totaling $900 million, … Read more>>>

Hongkong Land Chater House

Tenants Flee Hong Kong’s Central District as Office Vacancy Hits 5.6%

Hongkong Land Chater House

2020/08/13 by Mingtiandi Team Leave a Comment

Hong Kong’s Central district is witnessing a sharp drop in leasing demand, as corporate occupiers and major retail chains shy away from the cost of operating in the world’s most expensive commercial district.

Office leasing rates fell by 2.4 percent… Read More>>

Hong Kong’s Central district is witnessing a sharp drop in leasing demand, as corporate occupiers and major retail … Read more>>>

Pacific Place

Swire Properties Profit Falls 90% on Valuation Slide and More Asia Real Estate Headlines

Pacific Place

2020/08/13 by Michael Cole Leave a Comment

Damage from the coronavirus pandemic continued to show up in the earnings of Asia’s top developers today as Hong Kong-listed Swire Properties reported a 90 percent drop in profit during the first six months of 2020.

Also… Read More>>

Damage from the coronavirus pandemic continued to show up in the earnings of Asia’s top developers today as Hong … Read more>>>

adrian cheng

New World Buys Shanghai Commercial Project for RMB 4.1B

adrian cheng

2020/08/12 by Michael Cole Leave a Comment

New World Development has added a Shanghai project to its mainland commercial portfolio, winning an uncontested land auction for a site on Huaihai Road with a RMB 4.1 billion ($590 million) bid, according to an official announcement today.

The land… Read More>>

New World Development has added a Shanghai project to its mainland commercial portfolio, winning an uncontested land … Read more>>>

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