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Chicago Intercontinental

Mirae Named Preferred Buyer for $5.5B Anbang Portfolio and More Asia Real Estate Headlines

Chicago Intercontinental

2019/08/28 by James Hatton Leave a Comment

The latest chapter in the saga of a US hotel portfolio belonging to a naughty mainland insurer leads Mingtiandi’s roundup of real estate headlines today with the news that a South Korean financial services group has been named the… Read More>>

The latest chapter in the saga of a US hotel portfolio belonging to a naughty mainland insurer leads Mingtiandi’s … Read more>>>

weijian shan PAG

PAG Said to Sign MOU to Buy Grand Hyatt Seoul for KRW 500B

weijian shan PAG

2019/08/26 by James Hatton Leave a Comment

PAG has signed a memorandum of understanding with Hyatt Hotels Corporation to acquire the Grand Hyatt Seoul for approximately KRW 500 billion ($410 million), according to market sources cited in the Korea Economic Daily.

The investment management firm led by… Read More>>

PAG has signed a memorandum of understanding with Hyatt Hotels Corporation to acquire the Grand Hyatt Seoul for … Read more>>>

CBRE Notches HK$916M Tai Tam Mansions Sale and More Agency Wins  Mingtiandi Broker Battle

2019/08/26 by James Hatton Leave a Comment

While things have grown quieter in Hong Kong’s normally buzzing real estate market, CBRE scored a win with the combined HK$916 million ($117 million) sale of two luxury houses overlooking Tai Tam Bay, one of which sold for over $HK100,000… Read More>>

While things have grown quieter in Hong Kong’s normally buzzing real estate market, CBRE scored a win with the combined … Read more>>>

Asia Real Estate People in the News 2019-08-26

2019/08/26 by James Hatton Leave a Comment

In this week’s edition of People in the News, 88-year-old Kushal Pal Singh has resigned as chairman of India developer DLF, while agreeing to carry on as a non-executive director, and M&G Real Estate establishes a presence down under with… Read More>>

In this week’s edition of People in the News, 88-year-old Kushal Pal Singh has resigned as chairman of India developer … Read more>>>

Anna Pawlak-Kuliga IKEA

IKEA to Invest RMB 10B in China Operations

Anna Pawlak-Kuliga IKEA

2019/08/25 by Jan Kot Leave a Comment

Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.

The planned investment… Read More>>

Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in … Read more>>>

Japan’s Mori Breaks Ground on JPY 580B Tokyo Project

2019/08/25 by James Hatton Leave a Comment

Urban developer Mori Building has broken ground on a JPY 580 billion ($5.4 billion) “city within a city” in central Tokyo, according to an announcement by the company.

The multi-purpose development, which will feature Japan’s tallest skyscraper, aims to transform… Read More>>

Urban developer Mori Building has broken ground on a JPY 580 billion ($5.4 billion) “city within a city” in central … Read more>>>

yu liang vanke

China Vanke Buys Site in Hong Kong’s North Point for HK$580M

yu liang vanke

2019/08/25 by Iris Poon Leave a Comment

Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point neighborhood that is earmarked for a commercial or mixed-use development.

The company’s Vanke Property (Hong Kong) arm picked up the 4,300-square-foot (3,995-square-metre)… Read More>>

Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point … Read more>>>

Singapore REIT Launches S$102M Offering to Fund Aussie Buy and More Asia Real Estate Headlines

2019/08/23 by James Hatton Leave a Comment

Australia leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-listed REIT has launched a preferential offering to raise funds to acquire a grade A office in Adelaide.

In other news around the… Read More>>

Australia leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-listed … Read more>>>

Jon-Paul Toppino pag

PAG Targets $2B for SCREP VII Opportunistic Fund

Jon-Paul Toppino pag

2019/08/23 by James Hatton Leave a Comment

Less than two years after raising $1.9 billion for Secured Capital Real Estate Partners VI fund (SCREP VI), Hong Kong-based alternative investment manager PAG has begun raising fund for its next opportunistic vehicle, according to market sources cited in a… Read More>>

Less than two years after raising $1.9 billion for Secured Capital Real Estate Partners VI fund (SCREP VI), Hong … Read more>>>

yang jie china-mobile

China Mobile Leases Floor in Kowloon Commerce Centre to Expand 5G Service

yang jie china-mobile

2019/08/23 by Jan Kot Leave a Comment

Hong Kong’s office market may be mired in a slowdown, but one of mainland China’s biggest telecom providers is committing to more space in the city as it gets ready expand its 5G mobile service.

Telecom giant China Mobile has… Read More>>

Hong Kong's office market may be mired in a slowdown, but one of mainland China's biggest telecom providers is … Read more>>>

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