City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature… Read More>>
BentallGreenOak Buying Landmark Osaka Hotel for Reported $385M
North American fund manager BentallGreenOak is acquiring a landmark hotel in Osaka, Japan, for an undisclosed price believed to be at least JPY 50 billion ($385 million), as a rebound in cross-border travel strengthens interest in the country’s hospitality sector.
BentallGreenOak Buys Pair of Seoul Office Towers for $297M
Seoul-based EDN Investment Management has sold a pair of mid-rise office towers in the South Korean capital to BentallGreenOak for KRW 385 billion ($297.3 million) amid volatile financial conditions in the local market.
The firm had acquired the GB I… Read More>>
BentallGreenOak, Schroders Team with Lofter to Buy Tsim Sha Tsui Project for $190M
Just two months after announcing a residential project with SC Capital on Ap Lei Chau Island, a Hong Kong redevelopment specialist on Thursday unveiled a joint venture with BentallGreenOak and Schroders Capital to develop a commercial project in Tsim Sha… Read More>>
Evergrande CEO Sold $128M in Bonds Pre-Default and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s CEO discloses how he dumped bonds issued by the group ahead of last year’s debt default, fugitive billionaire Guo Wengui’s lawsuit against Swiss banking giant UBS clears a legal hurdle, and… Read More>>
BentallGreenOak-Metcold Partnership Acquires Beijing Cold Chain Project
China’s e-commerce giants have bet big on online grocery, and the need for specialised warehouses to distribute fresh food to hungry mainlanders is providing opportunity for North American fund manager BentallGreenOak and its partners.
Mainland logistics developer Metcold announced this… Read More>>
Asia Real Estate People in the News 2021-06-21
Personnel moves by major real estate enterprises continue to serve as an indicator of corporate direction, as JLL accelerates its shift toward technology with the appointment of a leading Asian venture capitalist to its global board. Logos Group is also… Read More>>
BentallGreenOak Fund Gets $241M in Korean Cash and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Korean investors pledge more than $240 million to BentallGreenOak’s UK-focused real estate debt fund, Seoul-based Hana Alternative Asset Management trumps 16 Japanese bidders to win an Osaka logistics property, and Singapore’s Keppel Land… Read More>>
Yuzhou Blames Ernst & Young for 97% Profit Plunge and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Yuzhou points fingers at its own auditing firm after reporting a massive profit plunge, Canadian asset management giant Brookfield reportedly reaches a deal to buy the remaining stake owned by others… Read More>>
BentallGreenOak Buying Metropolitan Real Estate From Carlyle
Less than two years after being created through a merger that created a $47 billion real estate fund manager, BentallGreenOak is set to grow still further through a deal with The Carlyle Group.
Formed through the fusion of Bentall Kennedy… Read More>>