Tycoon Tang Shing-bor has sold a pair of buildings next to Hong Kong’s popular Times Square shopping mall for a total of HK$950 million ($122 million), paving the way for the rare parcel in Causeway Bay to be redeveloped… Read More>>
Chinese Estates Buys Listed London Building for ₤175M
Reports of Brexit doom and snap elections are attracting more Asian buyers to UK real estate, with Hong Kong billionaire Joseph Lau’s Chinese Estates becoming the latest to scoop up discounted assets in London.
Lau’s Hong Kong-listed development company has… Read More>>
China’s HNA Adds to $14B US Total with $360M Chicago Office Deal
HNA Group is reportedly acquiring a 50-storey Chicago office tower for nearly $360 million as the mainland conglomerate adds to its tally of more than $14 billion in US acquisitions over the past year.
An HNA affiliate has agreed to… Read More>>
Is Pamfleet Betting on a Retail Rebound with Reported HK$600M Kowloon Deal?
Hong Kong real estate investment manager Pamfleet has agreed to acquire a commercial building in Hong Kong’s Tsim Sha Tsui on behalf of its Pamfleet Fund II for a price approaching HK$600 million, according to sources familiar with the pending… Read More>>
Singapore’s GIC Buys Deutsche Bank NYC Headquarters for $1.04 Bil
GIC has agreed to purchase a 95 percent stake in a New York office building for $1.04 billion, according to a statement this week by the Singaporean sovereign wealth fund.
The Southeast Asian mega-investor acquired 60 Wall Street from New… Read More>>
GLP Hires JP Morgan for Possible $6B Sale Following Reports of CIC Buyout
China’s sliding currency just could be creating a $6 billion opportunity for the owners of warehouse giant Global Logistic Properties.
The Singapore-based logistics developer announced to the Singapore stock exchange late Thursday that it has retained investment bank JP Morgan… Read More>>
Anbang Insurance Adds $395M Toronto Office Tower to Its Shopping Cart
There is no denying Anbang Insurance Group loves hotels, the mainland insurer has made a number of headline-stealing acquisitions including the $1.95 billion purchase of the Waldorf Astoria last year, but it appears as if the firm may also have… Read More>>
GIC Catches on to K-Style With $136M Seoul Shopping Mall Acquisition
Korea’s unique style and fashion sense may not be everyone’s cup of tea, but Singapore’s sovereign wealth fund appears to like what it sees in the country’s retail scene. GIC invested $136 million to acquire an interest in G-Square City… Read More>>
Prosperity REIT Unit Holders Reject HK$1.9B Deal for Phoenix’ Kwun Tong View
Unit holders in ARA Asset Management-controlled Prosperity REIT overwhelmingly rejected the trust’s proposed HK$1.9 billion acquisition of an office building in Hong Kong this week, according to a statement by the trust to the Hong Kong stock exchange.
The proposed… Read More>>
Sunac China Agrees to Buy 42 Projects from Legend Holdings for $2.1B
Sunac China has agreed to buy substantial stakes in 42 real estate projects from investment firm Legend Holdings for RMB 13.7 billion ($2.1 billion) as the developer controlled by tycoon Sun Hongbin takes another swing at joining the big leagues… Read More>>