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Warriewood Square in Sydney

Hong Kong’s JY Group Buys Half-Stake in Northern Sydney Mall for $91M

Warriewood Square in Sydney

2024/10/14 by Christopher Caillavet Leave a Comment

JY Group has acquired its second half-stake in an Australia mall in less than two months, with the Hong Kong investor picking up a 50 percent interest in a northern Sydney shopping centre for A$135.5 million ($91.3 million).

JY purchased… Read More>>

JY Group has acquired its second half-stake in an Australia mall in less than two months, with the Hong Kong investor … Read more>>>

Michael Fattouh of QIC

Hines, Australia’s Haben Buying Western Sydney Mall From QIC for $605M

Michael Fattouh of QIC

2024/10/08 by Christopher Caillavet Leave a Comment

A joint venture of US property giant Hines and Australian fund manager Haben has agreed to acquire a western Sydney mall from the Queensland Investment Corporation for A$900 million ($605 million).

The sale of Westpoint Shopping Centre represents the largest-ever… Read More>>

A joint venture of US property giant Hines and Australian fund manager Haben has agreed to acquire a western Sydney mall … Read more>>>

Yang Huiyan Country Garden

Country Garden Services to Unload Stake in Wanda Mall Business for $450M

Yang Huiyan Country Garden

2024/09/25 by Christopher Caillavet Leave a Comment

The property services arm of troubled Chinese developer Country Garden has agreed to sell a 1.49 percent stake in Wanda Group’s mall management unit for RMB 3.14 billion ($450 million).

The disposal by CGS HK, a wholly owned Hong Kong… Read More>>

The property services arm of troubled Chinese developer Country Garden has agreed to sell a 1.49 percent stake in Wanda … Read more>>>

GIC chief executive Lim Chow Kiat

GIC Sells Half-Stake in Perth Mall to Hong Kong’s JY Group for $133M

GIC chief executive Lim Chow Kiat

2024/09/19 by Christopher Caillavet Leave a Comment

Singapore sovereign fund GIC has completed the sale of its 50 percent interest in a Western Australia mall to Hong Kong investor JY Group for A$195 million ($132.8 million).

The half-stake in Westfield Whitford City marks JY’s first joint venture… Read More>>

Singapore sovereign fund GIC has completed the sale of its 50 percent interest in a Western Australia mall to Hong Kong … Read more>>>

Weijian Shan, PAG

PAG Consortium Takes Control of Wanda Mall Management Business

Weijian Shan, PAG

2024/09/17 by Kevin He Leave a Comment

A consortium of investors led by private equity giant PAG has taken control of troubled mainland developer Wanda Group’s mall management unit, nearly six months after announcing an $8.3 billion buyout of the business.

The Hong Kong-based investment firm co-founded… Read More>>

A consortium of investors led by private equity giant PAG has taken control of troubled mainland developer Wanda Group’s … Read more>>>

Yoshitaka Kimura

Tokyu REIT Selling Shibuya Retail Building to Development Affiliate for $46M

Yoshitaka Kimura

2024/09/17 by Christopher Caillavet Leave a Comment

Tokyu REIT has agreed to sell a nine-storey retail building in Tokyo’s Shibuya ward to Tokyu Land Corporation for JPY 6.5 billion ($46 million).

The TSE-listed trust will unload Conze Ebisu at a 38 percent premium to the asset’s book… Read More>>

Tokyu REIT has agreed to sell a nine-storey retail building in Tokyo’s Shibuya ward to Tokyu Land Corporation for JPY … Read more>>>

Darren Sabom, managing director for investment management at 8M Real Estate (Image: 8M Real Estate)

Singapore’s 8M Buys Sceneca Square Mall in Tanah Merah for $49M

Darren Sabom, managing director for investment management at 8M Real Estate (Image: 8M Real Estate)

2024/09/12 by Christopher Caillavet Leave a Comment

Singapore property investor 8M Real Estate has acquired the single-storey retail podium at the Sceneca Residence project in Tanah Merah for S$64 million ($49 million).

Shophouse specialist 8M bought the under-construction Sceneca Square next to Tanah Merah MRT station in… Read More>>

Singapore property investor 8M Real Estate has acquired the single-storey retail podium at the Sceneca Residence project … Read more>>>

GIC chief executive Lim Chow Kiat

GIC Buys Out Vanke Stake in Shanghai Mall in Latest China Retail Bet

GIC chief executive Lim Chow Kiat

2024/09/06 by Christopher Caillavet, Michael Cole Leave a Comment

Singapore sovereign fund GIC has upped its bets on China retail, taking advantage of distress in the mainland market to take near-total ownership of a Shanghai mall in a deal that values the property at RMB 820 million ($115.6 million),… Read More>>

Singapore sovereign fund GIC has upped its bets on China retail, taking advantage of distress in the mainland market to … Read more>>>

Macquarie Korea Asset Management head Jason Suh (Image: Macquarie)

Macquarie Buying Half-Stake in Shinsegae Korea Mall Project for $48M

Macquarie Korea Asset Management head Jason Suh (Image: Macquarie)

2024/09/05 by Christopher Caillavet Leave a Comment

Macquarie Asset Management is acquiring a half-stake in a mall project near South Korea’s southeastern coast for KRW 64.5 billion ($48 million), according to company representatives and a statement by its new joint venture partner.

The Australian investor is buying… Read More>>

Macquarie Asset Management is acquiring a half-stake in a mall project near South Korea’s southeastern coast for KRW … Read more>>>

adrain cheng nwd

New World Said Closing In on $1.2B Sale of Kowloon Mall to China Resources

adrain cheng nwd

2024/08/30 by Kevin He Leave a Comment

A unit of state-run China Resources is in talks to acquire a Tsim Sha Tsui shopping complex from Hong Kong’s New World Development as it continues to expand its retail footprint in the Asian financial hub.

China Resources Longdation is… Read More>>

A unit of state-run China Resources is in talks to acquire a Tsim Sha Tsui shopping complex from Hong Kong’s New World … Read more>>>

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