One of Hong Kong’s best-known developers leads the news today with Swire Properties having confirmed that it has sold a pair of office buildings in downtown Miami despite the city being wracked by the COVID-19 pandemic.
Back… Read More>>
Ascott REIT to Sell Serviced Apartments in Guangzhou, Paris for S$191.4M
Ascott Residence Trust said Monday it has agreed to sell the Ascott Guangzhou and the Citadines Didot Montparnasse Paris serviced apartments for S$191.4 million ($138.8 million) as the Singapore-listed real estate investment trust seeks to monetize assets despite the COVID-19… Read More>>
Blackstone Calls Off A$800M Aussie Shed Sale and More Asia Real Estate Headlines
An abandoned sale leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US private equity giant has shelved its plan to sell a portfolio of Aussie logistics assets valued at A$800 million… Read More>>
CapitaLand, CDL and Ascott REIT Join Forces on SG Riverside Redevelopment
CapitaLand is teaming up with City Developments Limited and Ascott REIT, a listed trust managed by the unit of Temasek-backed giant, to redevelop a riverside site in Singapore into a one million square foot (92,903 square metre) complex, according to… Read More>>
CapitaLand Proposes Merger to Create S$7.6B Super Ascott REIT
A proposed consolidation of two CapitaLand-sponsored real estate investment trusts is set to create the largest hospitality trust in Asia Pacific, according to a joint announcement by the REIT managers.
Southeast Asia’s largest real estate group is proposing to merge… Read More>>
WeWork Annual Loss Doubles to $2B and More Asia Real Estate Headlines
New data is now available on the arc of the global shared office phenomena and WeWork’s announcement this week that its annual loss doubled to $2 billion in 2018 has analysts wondering if the co-working craze has already passed its… Read More>>
Mainland Developers Issue $8.6B in Offshore Bonds and More Asia Real Estate Headlines
China’s real estate market is slowing and the country’s biggest developers have reacted by borrowing more cash from overseas markets as government controls continue to restrict home sales. Also in the news today, JP Morgan joins the analyst choir predicting… Read More>>
Warburg-Embassy Industrial JV Buys Bengaluru Site and More Asia Real Estate Headlines
India’s industrial real estate market continues to draw interest from international private equity players as a joint venture between Warburg Pincus and one of South Asia’s largest developers picks up a site in Bengaluru. Singapore also gets some headlines today… Read More>>
Ascott REIT Sells Ascott Raffles Place in Singapore to Cheong Sim Lam for S$353M
Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>
Chinese Developer Wins Approval for A$200M Darwin Hotel and More Asia Real Estate Headlines
Leading the real estate news today from around Asia, the mainland company that bought Darwin port in Australia three years ago now has won approval for a new luxury hotel next to the controversial port project. Also in the news,… Read More>>
