Alibaba Group is in talks to buy the top 13 floors of the Mandarin Oriental Hotel Group’s soon to be completed Causeway Bay commercial tower in a HK$7 billion ($900 million) deal which would rank as Hong Kong’s largest of… Read More>>
Singapore Boosts Stamp Duty to Deter Flat Flippers and More Asia Real Estate Headlines
The Singapore government hikes seller’s stamp duty to discourage speculative homebuying, with that move leading today’s headline roundup. Also making the list, an office tower in “South Korea’s Silicon Valley” draws bidding interest and Aussie land lease group GemLife debuts… Read More>>
IGIS Clinches Deal to Buy Seoul Tower for $650M and More Asia Real Estate Headlines
Seoul’s robust office market is back in the news today with a Gangnam tower set to change hands for around $650 million. Australia’s Scape also makes the list as it nears a deal to buy Brookfield’s Aussie senior living platform… Read More>>
Alibaba Announces Plans to Invest $53B in Infrastructure to Meet AI Demand
Alibaba Group plans to invest more than RMB 380 billion ( $53 billion) to develop its cloud computing and artificial intelligence infrastructure over the next three years, marking the largest such commitment ever by a Chinese private company.
The Chinese… Read More>>
GIC Named Lead Bidder for Set of 3 Korean Hotels and More Asia Real Estate Headlines
Singapore sovereign giant GIC emerges as the preferred bidder for a set of three South Korea hotels, with that story leading today’s headline roundup. Also making the list, Canadian pension manager AIMCO closes its Lion City office and GuocoLand wins… Read More>>
Alibaba Selling Hypermarket Operator Sun Art to DCP Capital for $1.6B
The new year finds Alibaba Group continuing its retreat from brick-and-mortar retail, with the e-commerce giant on Wednesday announcing plans to sell its controlling stake in Chinese hypermarket operator Sun Art for HK$12.3 billion ($1.6 billion).
The buyer of the… Read More>>
KKR, Bain Each Bid Over $5B for Seven & I Assets and More Asia Real Estate Headlines
The ongoing rivalry between KKR and Bain Capital leads today’s headline roundup, with the private equity majors reportedly vying for the non-core assets of Japan’s Seven & I Holdings. Also making the list, Indian conglomerate Welspun explores the sale of… Read More>>
Singapore’s Mapletree Buys New Jersey Shed Site and More Asia Real Estate Headlines
Temasek-owned Mapletree completes the latest in a series of US logistics buys by Singapore state investors, with that deal leading today’s headline roundup. Also in the news, China Jinmao offloads a Hainan island resort and Hong Kong’s Parkview Group puts… Read More>>
Australian SWF Backs Greystar Student Housing Buy and More Asia Real Estate Headlines
The sovereign wealth fund of Australia’s government chips in to support US developer Greystar’s $1 billion student housing buy, with that Down Under partnership leading today’s headline roundup. Also on the list, e-commerce giant Alibaba steps away from offline stores… Read More>>
Alibaba Shutting Down Data Centres in Australia, India as Sovereignty Issue Sharpens
Alibaba will cease operations at its data centres in Australia and India, with the Chinese e-commerce titan’s cloud arm saying it plans to shift investment to facilities in Southeast Asia and Mexico.
The data centre locations in Mumbai will shut… Read More>>
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