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bob tan ascott

Ascott Residence Trust Buying Atlanta Student Housing Block for $95M

2021/01/27 by Christopher Caillavet Leave a Comment

Shaking off some downbeat financial results, Singapore-listed Ascott Residence Trust on Wednesday announced its maiden foray into the US student housing market with the acquisition of a mid-rise Atlanta property for $95 million.

The transaction, expected to be completed this… Read More>>

Mango Halts China Store Openings and More Asia Real Estate Headlines

2021/01/14 by Pimfha Chandhapradit Leave a Comment

In today’s look at real estate news around the region, a Spanish fashion brand has more bad news for mall and shop owners, as it confirms plans to shift growth to online shopping this year.

Also in the news, the… Read More>>

Swire Brickell City Centre

Swire Sells Pair of Miami Office Buildings for $163M and More Asia Real Estate Headlines

2020/07/29 by Michael Cole Leave a Comment

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 on the shores… Read More>>

Beh Siew Kim, CEO of Ascott REIT

Ascott REIT to Sell Serviced Apartments in Guangzhou, Paris for S$191.4M

2020/07/27 by Jonathan Burgos Leave a Comment

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

2020/03/14 by James Hatton Leave a Comment

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>>

Sherman Kwek CDL

CapitaLand, CDL and Ascott REIT Join Forces on SG Riverside Redevelopment 

2019/11/21 by James Hatton Leave a Comment

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

2019/07/03 by James Hatton Leave a Comment

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>>

Adam Neumann WeWork

WeWork Annual Loss Doubles to $2B and More Asia Real Estate Headlines

2019/03/28 by Michael Cole Leave a Comment

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>>

Evergrande Xu Jiayin

Mainland Developers Issue $8.6B in Offshore Bonds and More Asia Real Estate Headlines

2019/01/30 by Michael Cole Leave a Comment

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>>

Embassy's Jitu Virwani

Warburg-Embassy Industrial JV Buys Bengaluru Site and More Asia Real Estate Headlines

2019/01/29 by Michael Cole Leave a Comment

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>>

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