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 2022 Event Calendar
    • APAC Residential Forum 2022
    • Asia Logistics Forum 2022
    • Asia REIT Forum 2022
    • APAC Data Centre Forum 2022
    • Singapore Focus Forum 2022
    • Office Strategies Forum 2022
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

GLP Shareholders Approve Ming Mei-Vanke Buyout and More Asia Real Estate Headlines

2017/12/01 by Michael Cole Leave a Comment

Seek Ngee Huat Ming Z Mei GLP

GLP chairman Seek (L) and Ming Mei have been working together since before GLP was officially established

At the top of today’s news, GLP boss Ming Mei has crossed the last hurdle in his scheme to buy out the SG-listed warehouse builder with some help from China Vanke and some well-financed friends. Also getting some ink, prices in Hong Kong’s seemngly unstoppable housing market rose for the 19th straight month in October, and Singapore’s market rebound has brought a prime site in Holland Village onto the market. Read on for all these stories and more.

GLP Shareholders Approve Ming Mei/Vanke Buyout

Global Logistic Properties (GLP), the Singapore-listed logistics giant and the largest operator of warehouses in China, said a proposed S$16 billion (US$11.6 billion) buyout of the firm by a consortium led by developer China Vanke Co and Chinese fund Hillhouse Capital had been approved by shareholders on Thursday.

GLP said 99.96 per cent of shareholders present and voting in person or by proxy at the meeting were in favour of the buyout proposal. Read more>>

HK Home Prices Rise for 19th Straight Month

Hong Kong’s secondary home prices rose for the 19th straight month in October and at the quickest pace in three months, led by gains in small flats, government figures showed.

The home price index rose 0.53 per cent to 342.4, the fastest pace of growth since July, according to data released on Thursday by the government’s Rating and Valuation department. That compared with growth of 0.26 per cent in September, 0.4 per cent in August and 0.297 per cent in July. Read more>>

Singapore’s URA Puts Prime Holland Village Housing on Market

The Urban Redevelopment Authority (URA) launched on Thursday (Nov 30) the tender for a commercial and residential site in Holland Road under a dual-envelope concept and price tender that will close on March 20, 2018.

Located near Holland Village MRT Station, the site can have a maximum gross floor area of 59,715 square metres, of which up to 13,500 sq m can be for retail use. The URA has also set a cap of 570 residential units for the project. Read more>>

China Oceanwide, Genworth Still Unable to Close on Buyout Scheme

China’s Oceanwide Holdings Co Ltd and U.S. insurer Genworth Financial Inc have agreed to extend a deadline for their merger agreement to April 1, 2018. The previous deadline had been Thursday.

Genworth Chief Executive Tom McInerney said in a statement the companies were making “good progress” in hammering out a remedy that would make the proposed merger allowable under rules that prevent the sale of U.S. companies to foreign entities if it would hurt national security. Read more>>

Japanese Mall Opens on Singapore’s Clarke Quay

Japanese mall Lumine will open its doors to the public tomorrow, bringing Singaporeans a spread of new Japanese fashion options.

The 10,000 sq ft space on the second floor of Clarke Quay Central is Lumine’s first store outside of Japan. It carries 20 Japanese clothing and accessory brands, 17 of which are new to Singapore. Read more>>

Ascendas Hospitality Trust Leases Out Tokyo Hotel and Residences

Ascendas Hospitality Trust (A-HTrust) has, through Ascendas Ariake Godo Kaisha, entered into a memorandum of understanding (MOU) to lease a hotel property to conglomerate Sotetsu Hotel Management Co from April 1 next year.

The property is a dual-brand accommodation comprising 790-room Hotel Sunroute Ariake and Oakwood Apartments Ariake Tokyo, which offers 122 serviced apartments. 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.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Ascott Residence Trust, China Oceanwide Holdings, daily-sp, GLP, Hong Kong housing market, URA

https://player.vimeo.com/video/644203510?h=bc8945e2fd

Leave a Reply

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

Essensys - Verdantix research repot

Get Mingtiandi Delivered

Data centre forum 2022 Web banner

MTD TV

varoon malik thumbnail
Global Capital, COVID-19 Drive Demand for Real Estate Market Information: MTD TV
Ivanhoe-Logos show thumbnail (1)
Ivanhoe, Logos and Warehouses as Economic Infrastructure: MTD TV

More MTD TV Videos>>

People in the News

Lu Yi Shimao
Asia Real Estate People in the News 2022-06-27
Wu Jianxin Kaisa
Asia Real Estate People in the News 2022-06-20
Graham Mackie Tishman
Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India
Antoine Mesnage
AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2022-06-27

Lu Yi Shimao

A senior appointment by one of China’s crew of defaulting privately-controlled developers leads this week’s roundup of … Read More>>

Asia Real Estate People in the News 2022-06-20

Wu Jianxin Kaisa

Top level executive changes at a pair of major mainland real estate companies lead this week’s round-up of personnel … Read More>>

Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India

Graham Mackie Tishman

US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia … Read More>>

AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

Antoine Mesnage

AXA IM Alts is shaking up its leadership team Down Under with the appointment of Antoine Mesnage as the French firm’s … Read More>>

More Industry Professionals>>

Latest Stories

Albert Yeung Emperor International
Deep Water Bay Home Sells for $111M in Hong Kong’s Priciest Deal This Year
Agile Group chairman Chen Zhuolin (Source: Getty Images)
China’s Agile Gets Mezzanine Loan From Hong Kong Tycoons at 20%
Robert Wallace FLCT
Frasers’ FLCT Buying UK Logistics Development From Stoford for $124M

Sponsored Features

Should Proptech Give Us Sleepless Nights?
Hong Kong’s Evolving Commercial Real Estate Landscape
Opportunities in the Greater Bay Area

More Sponsored Features>>

MTD-QR-Code-320

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


© 2007-2022 China Advertising Media Ltd (Samoa). All rights reserved.