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Soilbuild JV Braves Virus Scare to Buy Discounted US Hotels for $477M

2020/03/12 by James Hatton Leave a Comment

A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>

A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages … Read more>>>

Mirae Selling Chicago Office Tower for $225M and More Asia Real Estate Headlines

2020/03/12 by James Hatton Leave a Comment

A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean investor is offloading the 31-storey property for $225 million – just $7 million more than its acquisition… Read More>>

A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a … Read more>>>

Greystar Sells America’s Priciest Student Housing Block to Korean Consortium

2020/03/11 by James Hatton Leave a Comment

Greystar Real Estate Partners has sold a university residential complex at the University of California at Davis to an investor consortium powered by Korea Investment & Securities in the largest ever trade of a single US student housing asset.

California-based… Read More>>

Greystar Real Estate Partners has sold a university residential complex at the University of California at Davis to an … Read more>>>

Cheng Hei Ming Kailong

Kailong Founder Hei Ming Cheng Named ULI Mainland China Chair

Cheng Hei Ming Kailong

2020/03/11 by James Hatton Leave a Comment

Hei Ming Cheng, founder and chairman of Warburg Pincus-backed real estate fund manager Kailong, has been named chair of the Urban Land Institute’s mainland China chapter, according to a statement by the real estate industry nonprofit.

Cheng, who has three… Read More>>

Hei Ming Cheng, founder and chairman of Warburg Pincus-backed real estate fund manager Kailong, has been named chair of … Read more>>>

China housing

Court Freezes Tianjin Developer Assets and More Asia Real Estate Headlines

China housing

2020/03/11 by James Hatton Leave a Comment

Unpaid debt leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a court has frozen assets belonging to a Chinese state-owned developer after it defaulted on RMB 1.7 billion ($240 million) in debt.

… Read More>>

Unpaid debt leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a court has … Read more>>>

pan shiyi Zhang Xin Soho

Blackstone Said Negotiating HK$31B Buyout of Developer Soho China

pan shiyi Zhang Xin Soho

2020/03/10 by Michael Cole Leave a Comment

Blackstone is said to be offering more than HK$31 billion ($4 billion) to privatise mainland commercial developer Soho China, as the US fund manager prepares to take one of its biggest bets ever on commercial property in Asia.

The New… Read More>>

Blackstone is said to be offering more than HK$31 billion ($4 billion) to privatise mainland commercial developer Soho … Read more>>>

Lendlease Picks Global Switch Vet to Lead $1B APAC Data Centre Push

2020/03/10 by James Hatton Leave a Comment

Australian property giant Lendlease has hired former Global Switch managing director Sam Lee to head up its data centre platform in Asia Pacific.

With Lee overseeing operations from Singapore as Lendlease’s managing director of data centres, the developer plans to… Read More>>

Australian property giant Lendlease has hired former Global Switch managing director Sam Lee to head up its data centre … Read more>>>

First Group director Wei Shenyi

First Group Acquires Kowloon’s Centennial Building for HK$790M

First Group director Wei Shenyi

2020/03/10 by James Hatton Leave a Comment

Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New Kowloon for a reported HK$790 million ($102 million), as the firm tries to follow up on earlier successes in the… Read More>>

Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New … Read more>>>

CP to Buy Tesco’s SE Asia Business for $10.6B and More Asia Real Estate Headlines

2020/03/10 by James Hatton Leave a Comment

Britain’s biggest supermarket leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a conglomerate controlled by Thailand’s richest family has agreed to acquire Tesco’s Thai and Malaysian business for $10.6 billion.

In other… Read More>>

Britain’s biggest supermarket leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news … Read more>>>

Adrian Baker CBRE GI

CBRE GI Closes Fifth APAC Value-Add Fund at $900M

Adrian Baker CBRE GI

2020/03/09 by James Hatton 1 Comment

CBRE Global Investors has closed the fifth iteration of its pan-Asia value-add fund series at a hard cap of $900 million — around 10 percent less than what it achieved for the fourth edition of the strategy – according to… Read More>>

CBRE Global Investors has closed the fifth iteration of its pan-Asia value-add fund series at a hard cap of $900 million … Read more>>>

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