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Savills Continues Brokerage Momentum with HK$640M Kowloon Deal  Mingtiandi Broker Battle

2020/03/30 by James Hatton Leave a Comment

Savills tops Mingtiandi’s deal charts for the third time running, after reportedly linking up with First Group in the Hong Kong developer’s HK$640 million ($83 million) purchase of a commercial site in New Kowloon – right next door to a… Read More>>

Savills tops Mingtiandi’s deal charts for the third time running, after reportedly linking up with First Group in the … Read more>>>

Andrew Fung Hau Chung

Asia Real Estate People in the News 2020-03-31

Andrew Fung Hau Chung

2020/03/30 by Mingtiandi Team Leave a Comment

In this week’s edition of People in the News, one of Hong Kong’s largest developers has appointed a pair of new directors to its board, with a top ten mainland builder making a similar move.

With company earnings season in… Read More>>

In this week’s edition of People in the News, one of Hong Kong’s largest developers has appointed a pair of new … Read more>>>

belle tower Hong Kong

First Group Spends HK$1.4B Buying Sites for Kowloon Office Project

belle tower Hong Kong

2020/03/30 by Stephanie Li Leave a Comment

A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial project despite a slide in tenant demand that saw rents in the world’s priciest office market fall by the steepest rate… Read More>>

A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial … Read more>>>

Phile Pearce ESR

Warburg Pincus-Backed ESR Launches A$1B Aussie Logistics JV with GIC

Phile Pearce ESR

2020/03/27 by James Hatton Leave a Comment

ESR has announced the launch of a joint venture set to be worth A$1 billion ($610 million) to develop logistics and industrial facilities, after executing the company’s largest capital raising to date in Australia.

An undisclosed global institutional investor has… Read More>>

ESR has announced the launch of a joint venture set to be worth A$1 billion ($610 million) to develop logistics and … Read more>>>

Heng Swee Keat

Singapore Developers Welcome S$48.5B COVID-19 Relief Package

Heng Swee Keat

2020/03/27 by Charles McDermid Leave a Comment

Singapore developers, REITs and property analysts have thrown support behind the city’s new Resilience Budget, a S$48.5 billion ($34 billion) COVID-19 stimulus package that includes a 100 percent property tax rebate for qualifying commercial properties.

Minister for Finance Heng Swee… Read More>>

Singapore developers, REITs and property analysts have thrown support behind the city’s new Resilience Budget, a S$48.5 … Read more>>>

sun hongbin

Sunac China Defies Downturn, Reports 57% Leap in Profit for 2019

sun hongbin

2020/03/27 by Charles McDermid Leave a Comment

Sunac China has declared an increase in annual profit of more than 57 percent, as the Tianjin-based developer capitalized on credit made available by Beijing to grow during an economic downturn.

In a report on Friday to the Hong Kong… Read More>>

Sunac China has declared an increase in annual profit of more than 57 percent, as the Tianjin-based developer … Read more>>>

Marina Mandarin

SG Hotel Revenues Plunge 40% in February and More Asia Real Estate Headlines

Marina Mandarin

2020/03/27 by James Hatton Leave a Comment

Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s average hotel occupancy fell to 51 percent in February, triggering a 40 percent plunge in revenues.

In other news around the… Read More>>

Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s … Read more>>>

Mark Ebbinghaus, ARA Europe

Singapore’s ARA Completes Buy of £5B London Real Estate Lender

Mark Ebbinghaus, ARA Europe

2020/03/26 by James Hatton Leave a Comment

ARA Asset Management has taken a majority stake in London-based non-bank lender Venn Partners LLP, as the Singapore-based company branches out into real estate debt opportunities.

The Warburg Pincus-backed fund manager said in an announcement today that it will provide… Read More>>

ARA Asset Management has taken a majority stake in London-based non-bank lender Venn Partners LLP, as the … Read more>>>

Blackstone Completes €66M European Shed Deal and More Asia Real Estate Headlines

2020/03/26 by James Hatton Leave a Comment

European real estate assets lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Blackstone has completed its acquisition of twelve light industrial and logistics properties in Europe from a Singapore-listed REIT.

In other… Read More>>

European real estate assets lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that … Read more>>>

SOHO Chairman Pan Shiyi

Soho China Posts 31% Drop in Profit as Blackstone Talks Loom

SOHO Chairman Pan Shiyi

2020/03/26 by Charles McDermid Leave a Comment

Soho China, a mainland developer reported to be the subject of buyout talks with US giant Blackstone, reported a 31 percent drop in profit from its core business in 2019, citing lower revenue after the company had sold off assets… Read More>>

Soho China, a mainland developer reported to be the subject of buyout talks with US giant Blackstone, reported a 31 … Read more>>>

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