CapitaLand Investment Ltd saw its profit drop by 38.3 percent to S$433 million ($316 million) in the first half of this year as the listed fund manager took a hit from China’s stringent lockdowns while divesting assets at a slower… Read More>>
Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a $500 million buyback, US-based Barings inks a deal to acquire Australian firm Altis Property Partners, and a think tank with Beike ties… Read More>>
CapitaLand Investment to Double India Assets to $8B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s CapitaLand Investment announces plans to double assets under investment in India, a Hong Kong official throws doubt on a potential waiver of the stamp duty on home purchases, and buyers snap up… Read More>>
CapitaLand’s Ascott Buying Oakwood Serviced Apartment Business From Mapletree
Singapore’s The Ascott Ltd is buying serviced residence provider Oakwood Worldwide from Mapletree Investments for an undisclosed amount in a move that would boost its management portfolio by 11 percent with the addition of 81 accommodations globally, the firm announced… Read More>>
CapitaLand Sets Up First Onshore RMB Fund, Buys Shanghai Building
CapitaLand Investment (CLI) said Wednesday it has set up its first onshore renminbi fund in China with the vehicle acquiring an office building in Shanghai.
CLI holds a 12% stake in the RMB 700 million ($98 million) fund, in partnership… Read More>>
Country Garden Offers to Buy Back $683M Bond and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Country Garden seeks to calm market jitters with a bond buyback, US developer Greystar reveals its builder for a Melbourne apartment complex, and a Singapore coffee shop changes hands for an eye-popping amount.
CapitaLand Investment Buys Melbourne Office Tower From CBRE IM for Reported $233M
CapitaLand Investment has acquired a 22-storey office tower in Melbourne’s central business district for the company’s flagship regional core-plus fund.
The purchase of 120 Spencer Street marks the fifth acquisition in Australia in six months for the SGX-listed asset management… Read More>>
Goldin Skyscraper Deal Falls Flat And More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the agreed sale of Goldin Financial’s Hong Kong skyscraper fails to culminate, mainland developer Jinke defaults on an onshore debt payment, and Singapore’s Mapletree Investments reports an annual profit increase.
CapitaLand Earnings Rise 16% Led by Fund Management Income
CapitaLand Investment Ltd reported on Thursday that its first quarter income rose 16 percent to S$598 million ($428.5 million), carried mostly by its real estate investment business which saw an upswing in earnings despite the pandemic.
“Most of our markets… Read More>>
BlackRock Trims Exposure to Chinese Developers and More Asia Real Estate Headlines
Following China’s tomb sweeping holiday which started the week, asset management giant BlackRock leads our headline roundup today with news of a cleanup in its mainland developer bond holdings, while Shenzhen-based builder Kaisa Group gets some relief thanks to an… Read More>>