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

Hillhouse Reportedly Moving to Singapore’s MBFC and More Asia Real Estate Headlines

2022/12/17 by Christopher Caillavet Leave a Comment

Hongkong Land's Marina Bay Financial Centre in Singapore yields higher rental income

Sources say Hillhouse has signed a lease for the 28th floor of Marina Bay Financial Centre Tower 1

In today’s roundup of regional news headlines, Bloomberg reports that Chinese private equity firm Hillhouse Capital is consolidating its Singapore offices into a single Marina Bay location, and buyout giant TPG prepares to acquire an Indian mortgage lender.

Hillhouse Capital to Combine Singapore Offices at Marina Bay Financial Centre

Investment giant Hillhouse Capital Management is consolidating its two Singapore locations by moving to one of the city-state’s premier office buildings overseeing the Marina Bay skyline, according to people with knowledge of the matter.

Hillhouse has signed a lease for the 28th floor of Marina Bay Financial Centre Tower 1, the people said, asking not to be identified discussing private information. The company is currently located at Singapore Land Tower, with a co-working space at Ocean Financial Centre. Read more>>

TPG to Buy Poonawalla Housing Finance, Commits Nearly $600M

Buyout major TPG has struck a deal to buy Poonawalla Fincorp’s mortgage finance arm, four years after its protracted attempt to acquire ICICI Home Finance to enter India’s burgeoning housing finance market came unstuck.

The Texas-based private equity firm said it will acquire Poonawalla Housing Finance for a pre-money equity valuation of INR 3,900 crore ($473 million). TPG will also infuse additional equity capital up to INR 1,000 crore ($121 million) into the mortgage lender in the near term to support growth. Read more>>

Macrotech Developers to Build $40M In-City Warehouse in Mumbai

Realty firm Macrotech Developers will invest INR 330 crore ($39.8 million) to develop a warehousing project in Mumbai as part of its expansion plan and to tap rising demand from e-commerce and third-party logistics companies.

Macrotech, which markets its properties under the Lodha brand, is one of the leading real estate firms in India. Read more>>

Blackstone, Mirvac Selling Sydney Tower for A$830M in City’s Biggest Play

Sydney’s office market could finish 2022 on a high note, with real estate house Ashe Morgan and a Japanese partner circling a Margaret Street skyscraper in a deal worth about $830 million ($555.6 million).

The transaction would result in the listed Mirvac and private equity house Blackstone selling 60 Margaret Street and the MetCentre, in what would be the year’s largest office and retail trade in the wake of interest rate jumps. Read more>>

Fosun’s Lanvin Group Plunges 25% in New York Trading Debut

Shares of Chinese luxury firm Lanvin Group closed their first day of trading on the New York Stock Exchange at $7.63 a share, down 25 percent following volatile swings in the market.

The company debuted in a SPAC listing at $10 a share, valuing the company at $1.31 billion. The stock initially surged to $22.81 before dropping as low as $4.63 in afternoon trading. It regained some of that ground but was still far off the opening price by market close. Read more>>

Singapore’s Trendale Tower Back on Market With at S$168M Reserve Price

Trendale Tower, a freehold residential site in Singapore’s prime Cairnhill enclave, has been put up for sale yet again at a reserve price of S$168 million ($123.9 million) via public tender.

The site was last up for sale in August 2022 at a guide price of S$178 million, but bidding closed in mid-September with no takers. A May 2018 attempt to sell the development — then at a reserve price of some S$163.5 million — also fell through as there were no buyers. Read more>>

China Hints at More Property Support as Economy Takes Priority

China’s government hinted at further support for the real estate sector, with a top policymaker describing it as a “pillar” of the world’s second-largest economy.

Vice-Premier Liu He said new measures are being considered to improve the financial condition of the industry and boost confidence, according to a Xinhua report posted on the central government’s website. Liu also quashed concerns that weak housing demand could lead to a long-term slump, saying China is still on a course of “relatively quick urbanisation”. Read more>>

Expected Rental Yields on Tokyo Real Estate Assets Hit 23-Year Low

Investors are expecting lower rental yields from office and residential assets in Tokyo. According to the Japan Real Estate Institute’s investors survey published in November, the expected rental yield on Class A office space in Tokyo’s Marunouchi and Otemachi district was 3.2 percent as of October, down from a 3.3 percent expected yield in April.

This is the lowest expected yield since the institute began collecting data in 1999. Back in April 1999 they were as high as 6 percent, before dropping below 5 percent in 2005. 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, Fosun International, Hillhouse Capital Management, macrotech developers, Mirvac, TPG Capital Management

Leave a Reply

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

Get Mingtiandi Delivered

MTD TV

MTD TV Emerging classes in residential screenshot
Student Housing, Senior Living Offer Amped Yields for Multi-Family Investors: MTD TV
MTD TV
APAC Logistics to Get Another $200B in Investment Says JLL: 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.