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.
GIC Sets Up India Retail Platform With Phoenix Mills and More Asia Real Estate Headlines
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>>
SPH Cancels C$233 Canadian Senior Living Buy Amid COVID-19 Scare
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 Jump 30% in May and More Asia Real Estate Headlines
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 Buys Vancouver’s Bentall Centre From Anbang
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>>
Anbang Insurance Said Exploring Sale of C$1B Vancouver Office Complex
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>>
Canada Blocks CCCC’s Acquisition of Aecon Over National Security Concerns
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>>
Anbang After $744M Stake In Canadian Retirement Home Player as China Gets Healthy
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>>
Anbang Insurance Adds $395M Toronto Office Tower to Its Shopping Cart
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>>
Anbang Insurance Grabs Controlling Stake in $730M Vancouver Complex
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).