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Carrefour Buys Wellcome Taiwan for €97M and More Asia Real Estate Headlines

2020/06/03 by James Hatton Leave a Comment

Food leads Mingtiandi’s roundup of Asia real estate headlines today as a European hypermarket giant buys a set of grocery stores in Taiwan of from a unit of Hong Kong’s Jardine’s for €97 million ($109 million).

In other news around… Read More>>

Food leads Mingtiandi’s roundup of Asia real estate headlines today as a European hypermarket giant buys a set of … Read more>>>

Henry Cheng Chongbang

Chongbang to Invest $400M in Phase 2 of Shanghai’s Lifehub@Anting

Henry Cheng Chongbang

2020/06/02 by James Hatton Leave a Comment

Chongbang Group has closed the $120 million acquisition of a suburban site in northwestern Shanghai as it readies the second phase of the company’s retail-anchored Lifehub@Anting project, Mingtiandi can reveal.

The Shanghai-based commercial developer led by one-time Shui On Land… Read More>>

Chongbang Group has closed the $120 million acquisition of a suburban site in northwestern Shanghai as it readies the … Read more>>>

Hong Kong Property Tycoon Sells Stake in West London REIT for £436M

2020/06/02 by James Hatton Leave a Comment

A Hong Kong property billionaire has agreed to sell his stake in a London REIT for £436 million ($544 million), bringing to a close a long-running battle for control of the trust’s West End real estate portfolio.

Samuel Tak Lee,… Read More>>

A Hong Kong property billionaire has agreed to sell his stake in a London REIT for £436 million ($544 million), bringing … Read more>>>

Hong Kong, Causeway Bay, Times Square

Hong Kong April Retail Sales Plunge 36% and More Asia Real Estate Headlines

Hong Kong, Causeway Bay, Times Square

2020/06/02 by James Hatton Leave a Comment

Plunging retail sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as shoppers continue to stay away from the high streets in one Asia retail hub, triggering a 36 percent drop in purchases.

In other news… Read More>>

Plunging retail sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as shoppers continue to … Read more>>>

zhang yuliang greenland

Greenland Group Sells Bund Centre Tower to Bank of Shanghai for RMB 4.9B

zhang yuliang greenland

2020/06/01 by James Hatton Leave a Comment

A joint venture between Greenland Group and the Shanghai government has agreed to sell one of the commercial towers in its RMB 100 billion ($14 billion) Greenland Bund Centre to Bank of Shanghai, just five months after Haitong Securities purchased… Read More>>

A joint venture between Greenland Group and the Shanghai government has agreed to sell one of the commercial towers in … Read more>>>

Toby Smith Swire

Asia Real Estate People in the News 2020-06-01

Toby Smith Swire

2020/06/01 by James Hatton Leave a Comment

In this week’s edition of People in the News, a reshuffle at Swire Hotels sees the former managing director step up to a new challenge, while the former deputy chairman of the Hong Kong developer’s hotels division relocates to… Read More>>

In this week’s edition of People in the News, a reshuffle at Swire Hotels sees the former managing director step up to a … Read more>>>

Park Hyeon-Joo Mirae

Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults

Park Hyeon-Joo Mirae

2020/06/01 by James Hatton 2 Comments

South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.

New York-based Witkoff, which… Read More>>

South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las … Read more>>>

Chelsfield Closes $363M Asia Fund to Hunt for Downturn Bargains

2020/05/30 by James Hatton Leave a Comment

Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer readies to deploy dry powder in what CEO Nick Loup calls a “once-in-a-generation opportunity for investing”.

Alongside the $362.5 million… Read More>>

Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer … Read more>>>

Rush desai allianz

Allianz Expands Japan Multifamily Portfolio with €110M Tokyo Buy

Rush desai allianz

2020/05/29 by James Hatton Leave a Comment

Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 million ($122 million), announcing the deal just weeks after the property investment arm of the European insurance giant opened… Read More>>

Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 … Read more>>>

IWG Eyes £315m War Chest to Fund Growth and More Asia Real Estate Headlines

2020/05/29 by James Hatton Leave a Comment

A flexible office provider leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the company formerly known as Regus looks to raise $389 million in a share offering.

In other news around the region, a Singapore… Read More>>

A flexible office provider leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the company … Read more>>>

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