A senior move in India’s shed world leads this week’s review of personnel changes from around Asia as IndoSpace names a new chief executive. Also making the list are changes at GIC and AIA Group.
India industrial… Read More>>
Lai Sun Selling 10% Stake in $2.2B Hong Kong Office Building to AIA
Hong Kong-listed builder Lai Sun Development has agreed to sell its 10 percent stake in the AIA Central office building in Hong Kong’s Central district to AIA Group in return for HK$1.4 billion ($181.5 million) in cash, plus assumption of… Read More>>
CapitaLand Investment Sells $340M Beijing Office Project to AIA After 2022 Auction Buy
Singapore’s CapitaLand Investment (CLI) has sold its majority shareholding in a RMB 2.4 billion ($340 million) Beijing office building to AIA Life Insurance as the life insurer continues to snatch up properties amid mainland China’s real estate downturn.
CLI divested… Read More>>
China’s DNE Group Sets Up $485M Life Science Fund to Invest in Pudong Project
China’s DNE Group on Tuesday announced the establishment of a more than RMB 3.5 billion ($485 million) life science park fund to invest in an R&D project in Shanghai’s Pudong district.
Among the backers for the fund is a local… Read More>>
AIA Bags Shanghai Bargain with $716M North Bund Buy
Insurance giant AIA is diving into China’s commercial property sector by paying RMB 5 billion ($716 million) for a 90 percent stake in a retail-office complex in Shanghai’s Hongkou district, marking the largest cross-border investment in mainland real estate in… Read More>>