CDL supremo Kwek Leng Beng and son Sherman bury the hatchet after their boardroom tussle, with that story leading today’s headline roundup. Also making the list, Blackstone adds to its Aussie shed holdings and Ares Management reportedly eyes a purchase… Read More>>
GLP Completes Sale of Non-China Fund Business to Ares Management for $3.7B
Industrial giant GLP announced Monday that it has completed the sale of the firm’s ex-China fund management business to Ares Management for $3.7 billion.
The transaction for GCP International, first announced last October, comprises an upfront purchase price of $3.7… Read More>>
Ares, Abrdn, CBRE IM, JLL, KKR to Join Mingtiandi Tokyo Forum
With just two weeks to go before the big event, senior executives from some of the largest real estate investment managers have joined the roster of speakers set to take the stage at the Mingtiandi Tokyo Forum on 12 November.
Ares Management Buying GLP’s Non-China Fund Business for $3.7B
Ares Management has agreed to buy industrial specialist GLP’s fund management business outside of China for $3.7 billion, the parties announced Tuesday.
The consideration for GLP Capital Partners’ business in Japan, Vietnam, Europe, the US and Brazil comprises $1.8 billion… Read More>>
Speaker Bio: Bryan Southergill of Ares Management MTD TV Productions
Bryan Southergill is a Partner and Head of Asia Real Estate at Ares Management, based in Hong Kong.
Prior to joining Ares in 2022, Mr. Southergill was a Managing Director on the Real Estate team at KKR, based in Hong… Read More>>
Samsung Eyes $724M Buyback of Seoul Office Tower and More Asia Real Estate Headlines
South Korean multinational Samsung leads Mingtiandi’s headline roundup today, as the company looks to buy back a Seoul office building it once owned. Also making the list, Hong Kong’s SHKP wins a government land tender in the New Territories and… Read More>>
Asia Real Estate People in the News 2024-07-15
Asia’s investment centre of gravity continues to shift toward Japan this week with one of the biggest US fund managers naming a new country head for Asia’s second largest economy. With that item leading Mingtiandi’s roundup of personnel moves from… Read More>>
Ares Said in Talks to Invest in GLP’s Non-China Fund Business
Ares Management, which has expanded its Asia presence through a series of acquisitions over the past four years, may be on the verge of its biggest buy yet, with a report on Friday indicating that the US firm could acquire… Read More>>
Ares Makes Discounted Offer on $1.3B Hong Kong Loan and More Asia Real Estate Headlines
Ares Management leads Mingtiandi’s headline roundup today as the alternative investment manager is said to be making a discounted offer for a $1.3 billion loan tied to a Hong Kong project developed by distressed Chinese builders Logan and KWG. Blackstone… Read More>>
ADIA, Mubadala and Ares Confirmed as Partners in $8.3B PAG Takeover of Wanda Malls
PAG on Saturday joined with partners CITIC Capital, Ares Management, the Abu Dhabi Investment Authority and Mubadala Investment Company in confirming their takeover of Dalian Wanda Group’s primary shopping mall management business.
In a joint announcement the companies said they… Read More>>