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Gale Well vice chairman and CEO Jacinto Tong

Hong Kong’s Gale Well Group Marketing $202M Portfolio as Founder Calls for a Time Out

Gale Well vice chairman and CEO Jacinto Tong

2024/11/26 by Kevin He Leave a Comment

Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties worth around a combined HK$1.6 billion ($202 million), as the privately held company’s founder declares plans to take… Read More>>

Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties … Read more>>>

Thomson View

UOL, CapitaLand Confirm $601M Singapore Condo Buy and More Asia Real Estate Headlines

Thomson View

2024/11/26 by Michael Cole Leave a Comment

A joint venture of UOL and CapitaLand completes its acquisition of a Singapore condo complex, with that collective purchase leading today’s headline roundup. Also making the list, Japan’s Daiwa House REIT agrees to buy a residential property in Chiba and… Read More>>

A joint venture of UOL and CapitaLand completes its acquisition of a Singapore condo complex, with that collective … Read more>>>

CapitaLand Investment CEO Lee Chee Koon

CapitaLand Investment Said Nearing Buy of $5.2B Fund Manager Amid Australia Push

CapitaLand Investment CEO Lee Chee Koon

2024/11/25 by Christopher Caillavet Leave a Comment

Singapore’s CapitaLand Investment is reportedly close to acquiring Melbourne-based fund manager Wingate Group, as the Temasek-backed giant carries out a strategic realignment with Australia as a focus market.

The two sides have been in talks for at least three months… Read More>>

Singapore’s CapitaLand Investment is reportedly close to acquiring Melbourne-based fund manager Wingate Group, as the … Read more>>>

Goodwin Gaw of Gaw Capital Partners 1

Gaw Capital Checks Out of Hotel California with 76% Haircut

Goodwin Gaw of Gaw Capital Partners 1

2024/11/25 by Kevin He Leave a Comment

Gaw Capital Partners has sold a hotel in California’s Bay Area for a quarter of what it paid to acquire the property eight years ago, as hospitality occupancy and revenue in the tech hub struggle to recover to pre-pandemic levels.

… Read More>>

Gaw Capital Partners has sold a hotel in California’s Bay Area for a quarter of what it paid to acquire the property … Read more>>>

Ong Beng Seng

Singapore’s Paragon REIT Selling Its 85% Stake in Aussie Mall for $106M

Ong Beng Seng

2024/11/25 by Christopher Caillavet Leave a Comment

Paragon REIT has announced plans to sell its entire 85 percent interest in a New South Wales mall for A$163.2 million ($106.4 million), a divestment which pares the Singapore-listed trust’s Australia portfolio down to a single asset.

The deal values… Read More>>

Paragon REIT has announced plans to sell its entire 85 percent interest in a New South Wales mall for A$163.2 million … Read more>>>

jay-hyun-lee Apollo

Apollo Opens Seoul Office, Names Jay Hyun Lee Head of Korea

jay-hyun-lee Apollo

2024/11/25 by Kevin He Leave a Comment

Apollo Global Management is signaling its growth ambitions in South Korea with the opening of a Seoul office and the hiring of Jay Hyun Lee to oversee its operations in the country.

Lee is joining the New York-based alternative investment… Read More>>

Apollo Global Management is signaling its growth ambitions in South Korea with the opening of a Seoul office and the … Read more>>>

Gautam Adani

India’s Adani Hit with US SEC Summons and More Asia Real Estate Headlines

Gautam Adani

2024/11/25 by Michael Cole Leave a Comment

The US securities regulator issues a summons for Asia’s second-richest man as bribery allegations swirl, with that story leading today’s headline roundup. Also in the news, Hong Kong builder Far East Consortium warns of a six-month loss and Korean giant… Read More>>

The US securities regulator issues a summons for Asia’s second-richest man as bribery allegations swirl, with that story … Read more>>>

George Agethen Ivanhoe Cambridge

Asia Real Estate People in the News 2024-11-25

George Agethen Ivanhoe Cambridge

2024/11/25 by Michael Cole Leave a Comment

A pan-continental move leads this week’s review of personnel updates from around Asia’s real estate industry with a veteran fund manager taking on fresh responsibilities in a new hemisphere. Also making the list is a resignation at a Tokyo-listed hotel… Read More>>

A pan-continental move leads this week’s review of personnel updates from around Asia’s real estate industry with a … Read more>>>

Angelo Scasserra

CapitaLand Investment Sets $650M Target for New Australia Funds as China Outlook Fades

Angelo Scasserra

2024/11/23 by Christopher Caillavet Leave a Comment

CapitaLand Investment is committing up to A$1 billion ($650 million) to increase its funds under management in Australia, as the Singaporean giant continues to sketch out a strategic shift away from its loss-making real estate bets in China.

SGX-listed CapitaLand… Read More>>

CapitaLand Investment is committing up to A$1 billion ($650 million) to increase its funds under management in … Read more>>>

Shingo Tsuji Mori Building

Japan’s Mori Building Buys 11% Stake in $4.7B NYC Skyscraper From SL Green

Shingo Tsuji Mori Building

2024/11/23 by Christopher Caillavet, Michael Cole Leave a Comment

One of Japan’s largest developers just gave a vote of confidence to New York City’s office market with Mori Building announcing late this week that it has acquired an 11 percent stake in supertall One Vanderbilt Avenue from property giant… Read More>>

One of Japan's largest developers just gave a vote of confidence to New York City's office market with Mori Building … Read more>>>

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