GIC is teaming up with a Canadian partner to buy out Toronto-listed Summit Industrial Income REIT for C$5.9 billion ($4.37 billion), as the Singaporean sovereign wealth fund makes its second mega-investments in logistics real estate in less than a week.
In Mingtiandi’s latest roundup of regional news headlines, Singaporean sovereign wealth fund GIC partners with Indian mall developer Phoenix Mills on a retail-led real estate platform, the manager of Singapore’s Sabana REIT hits back at allegations of unusual voting procedures,… Read More>>
Singapore Press Holdings has scrapped its acquisition of a portfolio of senior living facilities in Canada, as the potential impact of COVID-19 on property values triggers second thoughts on valuations.
The SGX-listed media and property conglomerate announced to the stock… Read More>>
Singapore home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today after deals for new housing took a 30 percent jump, while a Chinese e-commerce giant and a large mainland developer are among the shortlisted bidders… Read More>>
Blackstone has teamed up with Los Angeles-based Hudson Pacific Properties to acquire the Bentall Centre in Vancouver from Anbang Insurance, a deal which opens a new chapter for the US private equity giant in its relationship with the now notorious… Read More>>
China’s scandal-racked Anbang Insurance is reportedly preparing to sell a Vancouver office complex which it purchased for over C$1 billion ($730 million) in 2016 as the Beijing-based insurer continues to unwind its overseas holdings.
Anbang is currently in talks with… Read More>>
China’s overseas acquisition drive has suffered another blow amid scrutiny by foreign regulators, with the Canadian government rejecting the proposed $1.2 billion acquisition of Aecon Group, one of Canada’s largest builders, by state-owned CCCC International Holding Limited (CCCI).
Canada’s national… Read More>>
Could Anbang Insurance be pursuing a billion dollar deal that does not involve Blackstone? The mainland institution which has bought up over $11 billion in assets from the US private equity giant could be tying up with new partners after… Read More>>
There is no denying Anbang Insurance Group loves hotels, the mainland insurer has made a number of headline-stealing acquisitions including the $1.95 billion purchase of the Waldorf Astoria last year, but it appears as if the firm may also have… Read More>>
China’s Anbang Insurance, which made its name by purchasing New York’s best-known hotel, is now said to be acquiring one of Vancouver’s most famous landmarks in a transaction which would value the property at more than C$1 billion ($729 million).