Another acquisition could be on the way for the world’s largest real estate fund manager as Blackstone has won approval for its $6.3 billion bid for Australia’s Crown Resorts, with that story leading our roundup today. Also in the news,… Read More>>
Sunac China Holdings showed its grasp of the politics of Chinese debt over the weekend, with the top-five mainland developer reportedly making payment on a local bond less than a week after defaulting on offshore notes. Also in the news,… Read More>>
Ascendas REIT has made its second foray into the US industrial market, with the Singapore-listed trust agreeing to acquire a portfolio of seven Chicago-area logistics properties for S$133.2 million ($99 million).
The seven assets span 132,344 square metres (over 1.4… Read More>>
Blackstone has hired Angelo Gordon veteran Chris Kim to lead the private equity giant’s newly created real estate team in South Korea, part of an expansion in the country that includes the opening of a new office in Seoul’s Gwanghwamun… Read More>>
Blackstone on Thursday said it secured $1.1 billion in capital commitments for its third Asian opportunistic real estate fund in the first quarter, as a focus on hard assets helped the private equity giant weather what it called “an extremely… Read More>>
In today’s roundup of regional news headlines, South Korean investment firm Mirae buys a warehouse in Texas, Singapore’s Wee Hur plans to sell a stake in its student accommodation fund, and the offer price for a Melbourne office complex up… Read More>>
China’s VNET Group has received an unsolicited offer from two mainland companies to acquire all of the outstanding ordinary shares of the Blackstone-backed data centre developer, whose beaten-down stock exemplifies the recent woes of US-listed Chinese tech firms.
Investment manager… Read More>>
UK-based asset manager M&G Real Estate has acquired a portfolio of 30 residential properties in key Japanese cities from Blackstone for JPY 49.2 billion ($424.3 million).
The purchase comprises 1,575 apartments across Tokyo, Osaka and Nagoya and was made on… Read More>>
In today’s roundup of regional news headlines, Blackstone tops GIC as Australia’s most prolific dealmaker of 2021, Singapore development giant CDL invests in Taronga Ventures’ flagship proptech fund, and Hong Kong residential sales tumble 33 percent on a month-to-month basis.
US private equity giant Blackstone says its Asia real estate fund is on track to reach its $9 billion goal, after a US pension manager had cited a 22 percent lower target for the opportunistic vehicle.
Blackstone representatives told Mingtiandi… Read More>>