…responsive to several months of double-digit growth in home prices in the country’s major cities. Beijing and Shanghai Markets Grind to a Halt In Shanghai and Beijing, which have come under increased central government scrutiny after havig the some of the fastest growing housing markets in the country last year, the recent clampdown seems to have resulted in a major slowdown in market activity. The Beijing Municipal Commission of Housing and Urba…
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Hines Promotes Amit Diwan to Head of India Business
…nt. “We look forward to placing significantly more capital in this dynamic country.” New Head Replaces Founding MD Diwan takes over the 12 year old business after previously serving as chief investment officer of the Gurgaon-based operation since April 2015. In his new role the former Piramal Group and GE Real Estate executive will be responsible for managing the expansion of the business by raising and deploying both international and domestic ca…
CPPIB Invests in $500M ESR South Korea Logistics Fund
…ities in key locations servicing diverse tenant demands,” while noting the country’s growing ecommerce sector as a driver of warehouse demand. Sources at ESR declined to respond to inquiries from Mingtiandi by the time of publication. The new fund adds to ESR’s growing presence regionally, after the Shanghai and Hong Kong-based company officially expanded into Australia last month with its A$102.5 million ($76 million) buyout of Australian real es…
Singapore’s Frasers in $250M Vietnam Industrial JV with Hanoi’s Gelex
…deal also gives ESR the option to subscribe to additional shares and further increase its shareholding to at least 15 percent in the future. Last October, Hines established its foothold in the country with the opening of an office located in Ho Chi Minh City, with the Houston-based developer said to be chasing industrial opportunities in the country….
Nomura Japanese REIT Acquires Tokyo Hotel Amid Tourism Rebound
…benefited from a tourism revival in 2023, as the number of visitors to the country rebounded to around 65 percent of 2019 levels during the first half of the year. “The hotel sector has undoubtedly seen significant recovery. Average daily rates (ADRs) look to remain elevated, and occupancy is likely to keep climbing as hotels continue hiring and training a larger workforce, leading to further revenue per available room (RevPAR) improvement,” the p…
Standard Chartered Giving Up 11 HK Office Floors and More Asia Real Estate Headlines
…that it would significantly ramp up construction of new houses across the country in coming years to tackle surging home prices, a plan that would increase the number of dwellings in Seoul by 10 percent. President Moon Jae In’s government plans to add 830,000 new homes by 2025 across the country, 320,000 of which will be in Seoul. Read more>> Wing Tai Holdings’ H1 Net Profit Jumps 73.1% to S$56.8M SGX-listed property and retail player Wing Tai Ho…
Logos Enters Vietnam with $350M Logistics Development JV
…which a few years ago began drawing up plans for moving production to the country,” Iliffe explained. “Logistics customers there need better assets and managers that are going to be there and will help them grow.” Logos co-founder Trent Iliffe To meet that demand Logos and its partner aim to build a porfolio of logistics facilities to serve local and international customers from manufacturing, e-commerce and other sectors across Vietnam. Today’s…
Greenland Greenlighted for 240M London Tower and More China Real Estate Headlines 2016-02-23
…ippine Development Giants Split Over Outlook for China Projects Two of the country’s largest property developers are taking different directions with respect to investing in China, with one heading for the exit and the other staying put, as growth in the world’s second largest economy continues to slow down. SM Prime Holdings Inc., owned by Filipino-Chinese shopping mall tycoon Henry Sy Sr., remains bullish on China while Ayala Land Inc. (ALI) of…
Evergrande Tries Out the Media Biz by Acquiring HK Publisher for $122M
…leaders admit that the industry’s best years are over, with the CEO of the country’s biggest developer, China Vanke, declaring in May that the “golden age” of China real estate had passed. Downturn Driving Diversification The response to this downturn among China’s smarter developers has been to look for opportunities to maintain their profits by diversifying away from their traditional business of residential development into other business lines…
AXA IM Buys Daiwa House Residential Complex in Nagoya for JPY 20B
…year, with the French firm saying that it was open to further deals in the country’s housing market. Residential Weathers the COVID Crisis “We will look for further opportunities to invest in assets of this nature, through acquisition or development, both elsewhere in Asia Pacific and more globally,” said Laurent Jacquemin, Head of Asia-Pacific at AXA IM – Real Assets. “Residential asset classes have proven to be highly defensive, both historicall…