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Lone Star Fends Off Blackstone to Buy Japan’s Unizo for JPY 205B

2020/04/06 by James Hatton Leave a Comment

Lone Star Funds has succeeded in its JPY 205 billion ($1.9 billion) takeover of Japanese hotelier and property company Unizo, triumphing over rivals Blackstone and Fortress Investment Group.

Unizo said in a statement yesterday that Lone Star’s JPY 6,000 per… Read More>>

Lone Star Funds has succeeded in its JPY 205 billion ($1.9 billion) takeover of Japanese hotelier and property company … Read more>>>

Toshi Tsuchiya

Asia Real Estate People in the News 2020-04-06

Toshi Tsuchiya

2020/04/06 by Michael Cole Leave a Comment

While the coronavirus has most of Asia’s real estate professionals working from home, the health menace hasn’t kept some of the region’s decision-makers from advancing their careers, as a former member of Goldman Sachs’ Hong Kong real estate team takes… Read More>>

While the coronavirus has most of Asia’s real estate professionals working from home, the health menace hasn’t kept some … Read more>>>

Calvin Chou

Invesco Raises $505M for First Closing of Asia Value-Add Real Estate Fund

Calvin Chou

2020/04/06 by Michael Cole Leave a Comment

US-based asset manager Invesco has reached a $380 million first close on its fourth APAC-focused value-add real estate investment vehicle, according to sources familiar with the firm’s fund raising.

Including sidecar and co-investment commitments, the managers of Invesco Real Estate… Read More>>

US-based asset manager Invesco has reached a $380 million first close on its fourth APAC-focused value-add real estate … Read more>>>

110 Jervois Street

Sheung Wan Building Sells for HK$98M and More Hong Kong Real Estate Headlines

110 Jervois Street

2020/04/06 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, a three-metre-wide building in Sheung Wan was sold for HK$98 million — a multiple of 41 times what the seller paid to acquire the property west of Central when Saturday Night Fever was… Read More>>

Leading today’s Hong Kong real estate news, a three-metre-wide building in Sheung Wan was sold for HK$98 million -- a … Read more>>>

yuan linjiang china reinsurance

China Re Completes RMB 3.1B Acquisition of Shanghai Office Tower

yuan linjiang china reinsurance

2020/04/04 by James Hatton Leave a Comment

China Reinsurance has completed the acquisition of a newly completed commercial property in Shanghai’s Lujiazui area for RMB 3.09 billion ($440 million), according to an announcement yesterday by Cushman & Wakefield.

The Hong Kong-listed insurer, which is controlled by mainland… Read More>>

China Reinsurance has completed the acquisition of a newly completed commercial property in Shanghai’s Lujiazui area for … Read more>>>

son neumann

SoftBank Abandons $3B WeWork Share Buyout 

son neumann

2020/04/04 by James Hatton Leave a Comment

Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent last month threatening a U-turn on the deal which gave it control of the troubled co-working pioneer.

The Japanese investment… Read More>>

Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent … Read more>>>

InterContinental Hong Kong Closing for Renovation and More Asia Real Estate Headlines

2020/04/04 by James Hatton Leave a Comment

A Kowloon hotel owned by investors led by Gaw Capital leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that it has started a two year renovation project which will kick off later this… Read More>>

A Kowloon hotel owned by investors led by Gaw Capital leads the way in Mingtiandi’s roundup of Asia real estate … Read more>>>

Mong Kok Site Sells for 20% Off and More Hong Kong Real Estate Headlines

2020/04/04 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, a mixed-use plot in protest-hit Mong Kok has sold at a 16-year low price as real estate values continue to feel the weight of the city’s sliding economy. Also, in the headlines, an… Read More>>

Leading today’s Hong Kong real estate news, a mixed-use plot in protest-hit Mong Kok has sold at a 16-year low price as … Read more>>>

Savills IM, Alistair Ennever

Korea’s Vestas Tops Up €1B Euro Sheds Portfolio with Poland Buy

Savills IM, Alistair Ennever

2020/04/02 by James Hatton Leave a Comment

Seoul-based Vestas Investment Management has acquired a distribution centre in central Poland on behalf of Korean institutional investors for €71 million ($78 million), as the European logistics market continues to draw Asian capital.

Savills Investment Management said in a statement… Read More>>

Seoul-based Vestas Investment Management has acquired a distribution centre in central Poland on behalf of Korean … Read more>>>

william tay ascendas

Ascendas REIT Buys Out Mitsui Stake in SG Business Park for S$103M

william tay ascendas

2020/04/02 by James Hatton Leave a Comment

Ascendas Real Estate Investment Trust has acquired a 25 percent ownership interest in a Singapore business park for S$102.91 million ($72 million), after buying out the company’s Japanese development partner, according to an announcement by the SGX-listed REIT.

The manager… Read More>>

Ascendas Real Estate Investment Trust has acquired a 25 percent ownership interest in a Singapore business park for … Read more>>>

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