Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

Blackstone Completes €66M European Shed Deal and More Asia Real Estate Headlines

2020/03/26 by James Hatton Leave a Comment

Blackstone has snapped up some Euro assets including PARC de la Chauvetière in France

European real estate assets lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Blackstone has completed its acquisition of twelve light industrial and logistics properties in Europe from a Singapore-listed REIT.

In other news around the region, a US investment bank has warned that the COVID-19 pandemic may have a bigger impact on SGX-listed trusts than the 2008 crash, while a top 10 mainland China developer has posted a 21 percent rise in core profit for 2019.

Elsewhere, a global investment manager predicts that “green” leases will be universally required by institutional investors by 2026.

Cromwell E-REIT Sells Euro Shed Portfolio to Blackstone

The manager of Cromwell European Real Estate Investment Trust has sold 12 light industrial and logistics assets to Blackstone.

The 12 properties – in France, Denmark and the Netherlands – were sold to Blackstone through a master sale and purchase agreement for a price of €65.7 million ($72 million). Read more>>

Mall Closures May Hit Singapore REITs Harder than 2008 Crash

The coronavirus outbreak may hit Singapore real estate investment trusts harder than the 2008 global financial crisis did, according to Jefferies Financial Group.

Singapore announced on Tuesday its strictest measures yet to combat the spread of the virus, including shutting bars and cinemas, and deferring or cancelling events. Public venues such as malls and museums must reduce crowd density to stay open. Read more>>

India Real Estate Body Asks for Loan Deferments as Housing Market Stalls

The National Real Estate Development Council has asked for the deferment of housing loan instalments for 12 months and a moratorium on project loans for two years, among other measures to support the real estate industry in Uttar Pradesh and Haryana.

The National Real Estate Development Council has written to Nirmala Sitharaman, Finance Minister, asking the government to provide relief for the sector as the housing market grinds to a halt as a result of stay-at-home orders to stop the spread of COVID-19. Read more>>

Longfor Posts 21% Rise in Core Profit for 2019

Mainland developer Longfor Group said its core profit grew by 21 percent last year to RMB 15.6 billion ($2.2 billion).

Core earnings per share were RMB 2.66, up by 20.7 percent from 2018. The company declared a full-year dividend of RMB 1.2, up 21.2 percent from a year ago. Read more>>

CDL Halts New Zealand Projects After Lockdown

City Developments Limited’s New Zealand unit on Wednesday said it will stop all development works and shut its corporate office in response to the country’s imminent lockdown.

The unit, CDL Investments New Zealand (CDI), added that sales activity would not be affected by the one-month lockdown, which takes effect from midnight on Wednesday. Read more>> 

‘Green’ Leases to be Universal by 2026, Says Savills IM

Institutional investors expect that so-called ‘green’ lease clauses will be universally implemented in the real estate industry before the end of this decade, according to new research detailed in the Savills Investment Management (Savills IM) Annual Sustainability Report 2019.

The research shows that 73 per cent of institutional investors see green lease clauses being universally implemented between tenants and real estate investment managers by July 2029, with an average consensus pinpointing September 2026. Read more>>

Sustainability Forum

HK Booze Ban May Kill Off Thousands of Bars and Restaurants

The normally packed streets of Hong Kong’s Lan Kwai Fong bar district were virtually empty Monday night. So too was a popular Italian eatery in Wan Chai, a neighbourhood known for some of the city’s best restaurants and nightlife. In the SoHo area frequented by expat bankers and lawyers, the crowds were unusually thin.

Hong Kong’s sprawling drinking and dining scene has long been a cornerstone of life in the financial hub, where apartments are so tiny that hosting friends at home is often unfeasible. But after nearly nine months of turmoil — first caused by anti-government protests and now by the coronavirus outbreak — concern is growing that thousands of bars, clubs and restaurants across the city will be forced to close as their losses mount. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Related Stories

  • South Korea’s KTB Buys Ireland’s Largest Building for €160M and More Asia Real Estate HeadlinesSouth Korea’s KTB Buys Ireland’s Largest Building for €160M and More Asia Real Estate Headlines
  • Blackstone Favouring Sale of Aussie Logistics Portfolio and More Asia Real Estate HeadlinesBlackstone Favouring Sale of Aussie Logistics Portfolio and More Asia Real Estate Headlines
  • Blackstone Said Buying Warburg Pincus India Logistics JV for $700MBlackstone Said Buying Warburg Pincus India Logistics JV for $700M
  • China Fortune Land Defaults on $813M Debt and More Asia Real Estate HeadlinesChina Fortune Land Defaults on $813M Debt and More Asia Real Estate Headlines

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Blackstone, CDL, Cromwell EREIT, Hong Kong, India, Longfor Properties, Singapore REIT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Mingtiandi Delivered

Logistics Forum

MTD TV

MTD TV Interview with Jeffrey Perlman of Warburg Pincus Now Online

value-add forum 2021-03-30

Link REIT CEO George Hongchoy Says Sustainability Key to Boosting Returns

More MTD TV Videos

Latest Stories

Phile Pearce ESR

Blackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC Partnership

Muktar Widjaja

Indonesia’s Sinar Mas Offloads Building in London’s Soho for $99M

Wong Chuk Hang Station

Wheelock Wins Rights to MTR Wong Chuk Hang Project and More Asia Real Estate Headlines

Sponsored Features

Tony Horrell

Colliers’ Global Investor Sentiment Report Anticipates Up to 50% Surge in Investment in 2021 Sponsored Feature

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

KKR, Abu Dhabi Fund Back A$1B Logos Development Venture in AustraliaKKR, Abu Dhabi Fund Back A$1B Logos Development Venture in Australia

Blackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC PartnershipBlackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC Partnership

Hongkong Land Leases Exchange Square Floors to S&P Despite Central…Hongkong Land Leases Exchange Square Floors to S&P Despite Central Market Slide


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Newsletter Subscription
  • Terms of Use
  • Privacy
  • Advertise
  • Join the Mingtiandi Team