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
    • Mingtiandi 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Blackstone Credit Fund Hits Redemption Cap and More Asia Real Estate Headlines

2022/12/07 by Christopher Caillavet Leave a Comment

Stephen Schwarzman

Blackstone’s Stephen Schwarzman is hoping to calm jittery investors

In today’s roundup of regional news headlines, Blackstone announces that redemption requests for a private credit fund have reached their pre-set limit, GIC trims its stake in developer China Vanke, and mainland authorities continue to roll back harsh COVID curbs.

Blackstone’s Credit Fund Reaches Withdrawal Limit

Blackstone said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out on their investments.

This is the first time redemption requests had reached the pre-set limit of 5 percent since Blackstone launched the product in January 2021. It also comes after Blackstone announced last Thursday that it would curb withdrawals from its $69 billion unlisted REIT following a surge in redemption requests. Read more>>

GIC Cuts Stake in China Vanke After Share Price Surge

Singapore sovereign wealth fund GIC has sold a large part of its stake in developer China Vanke following a recent upsurge in the value of the builder’s shares.

From 14 to 30 November, GIC sold 40 million shares of Vanke, reducing its stake in the Shenzhen-based builder’s H shares to 6.89 percent from over 9 percent, data released by the Hong Kong stock exchange showed. GIC sold 5.73 million of the shares on 30 November, reaping nearly HK$100 million ($12.9 million). Read more>>

China Announces U-Turn on Strict Zero-COVID Measures

In a sharp reversal, China has announced a series of measures rolling back some of its most draconian anti-COVID restrictions, including limiting harsh lockdowns and ordering schools without known infections to resume regular classes.

The National Health Commission in a 10-point announcement on Wednesday stipulated that COVID-19 tests and a clean bill of health displayed on a smartphone app would no longer be required, apart from vulnerable areas such as nurseries, elderly care facilities and schools. It also limited the scale of lockdown to individual apartment floors and buildings, rather than entire districts and neighbourhoods. Read more>>

India’s Macrotech Developers Plans $450M Share Sale: Sources

Indian real estate company Macrotech Developers, part of the Lodha group, plans to raise $450 million via a qualified institutional placement that will see its controlling family selling a stake of about 7 percent, two sources told Reuters.

The proposed stake sale underscores a recent deal boom in Indian real estate, where prices are expected to rise steadily in the next few years, roughly in line with overall economic growth, according to a Reuters poll of experts. Read more>>

China’s Property Sector Support Fails to Lure Bond Investors

The battered bonds of Chinese developers are showing tentative signs of a rebound after Beijing’s measures to support the cash-strapped sector, but long-term investors are keeping away until they see signs of a deeper recovery.

High-yield dollar-denominated bonds of companies such as Powerlong Real Estate Holdings and Country Garden Holdings have rallied since late November, cheered by the Chinese central bank’s and banking regulator’s 16 steps to support the ailing sector. Read more>>

State-Ordered Property Funding Plan Will Hit Shareholders, Analyst Warns

Investors should short Chinese bank stocks as policymakers turn to the nation’s commercial lenders to help reflate the property market at the expense of shareholders, according to BCA Research.

They should buy consumer and auto stocks as monetary easing powers purchases, the advisory said. This relative equity trade can be applied in both onshore or offshore markets, they argued in a report to clients. Read more>>

US Panel OKs GIC’s Acquisition of Store Capital REIT With Oak Street

Store Capital Corporation, a REIT that invests in single-tenant operational real estate, announced Tuesday that the Committee on Foreign Investment in the United States has approved the previously announced all-cash acquisition of the company by affiliates of Singapore sovereign investor GIC and funds managed by Oak Street, a division of Blue Owl.

The transaction is expected to close in the first quarter of 2023, subject to approval by the company’s stockholders and the satisfaction of certain other customary closing conditions. Read more>>

Donald Trump Jr to Visit India for Possible Real Estate Expansion

Trump Organization executive vice president Donald Trump Jr, son of the former US president, is expected to visit India this month and may announce an expansion in the Indian real estate market.

The New York-based Trump Organization already has a presence in the market through a partnership with Mumbai-based Tribeca Developers. Read more>>

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

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Blackstone, China Vanke, GIC, macrotech developers

Leave a Reply

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

Get Mingtiandi Delivered

MTD TV

Princeton Digital Sees APAC Network Expand with Hyperscaler Demand: MTD TV
Gaw Kailong Cushman & Wakefield value add panel
China’s Value-Add Arena Set to Reward Investors With Local Presence: Watch on MTD TV

More MTD TV Videos>>

People in the News

Johnny Shao CPE
Asia Real Estate People in the News 2023-03-27
Jonathan Yap CapitaLand
Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early
Grace Woo Chia-ching, executive director of CK Asset (Getty Images)
Asia Real Estate People in the News 2023-03-20
Eugene Kohn KPF
Asia Real Estate People in the News 2023-03-13

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2023-03-27

Johnny Shao CPE

Top level moves at European and Asian fund managers lead this week’s list of personnel changes from around Asia Pacific … Read More>>

Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early

Jonathan Yap CapitaLand

Singapore property giant CapitaLand on Thursday announced the upcoming retirement of CapitaLand Development CEO Jason … Read More>>

Asia Real Estate People in the News 2023-03-20

Grace Woo Chia-ching, executive director of CK Asset (Getty Images)

Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with … Read More>>

Asia Real Estate People in the News 2023-03-13

Eugene Kohn KPF

The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the … Read More>>

More Industry Professionals>>

Latest Stories

Kathy Lee Colliers Hong Kong
Reopening Buoys Market as Hong Kong Home Prices Rise for Second Straight Month
Cross Street Exchange
Singapore Central Business District Office Rent Growth Slowed to 1% in Q1
Sunac Guangzhou
Sunac China Sweetens Offshore Debt Deal and More Asia Real Estate Headlines

Sponsored Features

TE Capital's Solitaire on Cecil
Pair of Floors Sold as TE Capital, LaSalle Launch Cecil Street Office Tower in Singapore
What Do Real Estate Investors Really Want?
Douglas Wu of Fairland
Fairland Creates Spark City Lifestyle Hub to Energise Hong Kong’s Cheung Sha Wan

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

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


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.