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Choe Peng Sum Frasers

Asia Real Estate People in the News 2019-02-18

Choe Peng Sum Frasers

2019/02/18 by Michael Cole Leave a Comment

This week in Asia’s real estate world, one of Singapore’s oldest conglomerates announced that the founder of its serviced apartment division would be leaving after more than twenty-two years with the company, and a Chongqing-based developer made space for a… Read More>>

This week in Asia’s real estate world, one of Singapore’s oldest conglomerates announced that the founder of its … Read more>>>

Goldman-Backed Office Startup Atlaspace Hires New Head for Hong Kong

2019/02/18 by Jesus Alcocer Leave a Comment

Goldman Sachs-backed co-working operator Atlaspace has announced the appointment of Wilma Wu as the head of its Hong Kong operation, as mainland flexible office players set their sights on the city.

The company’s new leadership comes five months after the… Read More>>

Goldman Sachs-backed co-working operator Atlaspace has announced the appointment of Wilma Wu as the head of its Hong … Read more>>>

Chris Heady Blackstone

Blackstone Buys 50% Stake in Taubman Asia Mall Holdings in $480M Deal

Chris Heady Blackstone

2019/02/17 by Michael Cole 2 Comments

Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of its Asian division to US alternative investment giant Blackstone in a deal valued at $480 million.

The transaction… Read More>>

Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of … Read more>>>

Sun Hung Kai Raymond Kwok

Sun Hung Kai Wins Site in Hong Kong’s Tai Po for HK$6.31B

Sun Hung Kai Raymond Kwok

2019/02/17 by Jan Kot Leave a Comment

Hong Kong developer Sun Hung Kai Properties has won a residential parcel in Hong Kong’s New Territories for HK$6.31 billion ($804 million), according to an announcement by the city’s Lands Department, snatching up the Tai Po project for a higher… Read More>>

Hong Kong developer Sun Hung Kai Properties has won a residential parcel in Hong Kong’s New Territories for HK$6.31 … Read more>>>

jack Ma

Alibaba Said in Talks to Buy Stake in German Retailer Metro’s China Stores

jack Ma

2019/02/17 by Jesus Alcocer Leave a Comment

Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday report by Reuters, as the company that handles nearly 60 percent of China’s online shopping continues to look for ways… Read More>>

Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday … Read more>>>

Christian Ulbrich JLL

UK Media Hints at JLL Buyout Offer for Savills and More Asia Real Estate Headlines

Christian Ulbrich JLL

2019/02/16 by Michael Cole Leave a Comment

With buyouts still in style, sources in the UK are reporting market chatter about a possible JLL bid for UK-based competitor Savills putting this story at the top of Mingtiandi’s roundup of real estate news.

Closer to our Asian home,… Read More>>

With buyouts still in style, sources in the UK are reporting market chatter about a possible JLL bid for UK-based … Read more>>>

dong wenbiao cmig

Minsheng Investment Sells Shanghai Project to Greenland for RMB 12B After Default

dong wenbiao cmig

2019/02/14 by Jan Kot Leave a Comment

China Minsheng Investment Group (CMIG) has sold its 50 percent stake in a mixed-use project in Shanghai’s South Bund area to Greenland Group for RMB 12 billion ($1.77 billion), disposing of the high-profile site at an apparent loss as it… Read More>>

China Minsheng Investment Group (CMIG) has sold its 50 percent stake in a mixed-use project in Shanghai's South Bund … Read more>>>

Miguel Ko Ascendas-Singbridge

Mitsui Buys 45% of Ascendas-Singbridge Shanghai Assets

Miguel Ko Ascendas-Singbridge

2019/02/14 by Jesus Alcocer Leave a Comment

Singapore’s Ascendas-Singbridge announced on Thursday that it has inked a deal with Mitsui & Co to sell 45 percent of its Ascendas Innovation Place and Ascendas Plaza projects in Shanghai to the Japanese conglomerate.

Mitsui acquired its stake in the… Read More>>

Singapore's Ascendas-Singbridge announced on Thursday that it has inked a deal with Mitsui & Co to sell 45 percent … Read more>>>

Suntec City Singapore

ARA Sells Six Floors in SG’s Suntec City to Alpha for S$160M

Suntec City Singapore

2019/02/14 by Jesus Alcocer Leave a Comment

ARA Asset Management on Thursday announced the sale of six office floors in Suntec City to Alpha Investment Partners, a subsidiary of Keppel Capital, for S$160 million ($117.8 million), in one of Singapore’s most expensive office sales in the past… Read More>>

ARA Asset Management on Thursday announced the sale of six office floors in Suntec City to Alpha Investment Partners, a … Read more>>>

Suning Zhang Jindong

Suning Buys 37 Wanda Department Stores for Under RMB 8B

Suning Zhang Jindong

2019/02/14 by Jan Kot Leave a Comment

Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 billion ($1.18 billion) as China’s largest commercial developer continues a two-year sell off of overseas and non-core assets after… Read More>>

Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 … Read more>>>

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