In today’s roundup of regional news headlines, trading of Kaisa Group’s Hong Kong-listed shares is halted after the developer misses a payment on a wealth management product, CBRE completes its buyout of consultancy Turner & Townsend, and Singapore-listed ARA US… Read More>>
KKR to Acquire Sofitel Sydney Wentworth From Frasers Hospitality Trust for $236M
KKR’s new head of Australia real estate is already having an impact, as the US private equity giant has struck a deal to buy the landmark Sofitel Sydney Wentworth from Frasers Hospitality Trust for A$315 million ($236.7 million).
Singapore-listed FHT… Read More>>
Asia Real Estate People in the News 2021-10-25
A top-level appointment at a design and build business leads Mingtiandi’s review of regional personnel moves this week as former Colliers International standby Paul Baxter has joined PAG in a bet that Asia Pacific is ready for more worker-friendly places… Read More>>
SHKP Ekes Out 1.7% Profit Increase and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong developer Sun Hung Kai reports a modest profit increase for its fiscal 2020/21, Singapore’s Fragrance Group applies to delist from the SGX after a privatisation offer, and CBRE says data centre… Read More>>
Blackstone Buys Industrial Building in Hong Kong’s New Territories for $36M
Following a path to a town near Hong Kong’s border with Shenzhen which has already welcomed traffic from some of the region’s biggest fund managers this year, Blackstone has acquired a six-storey building in Hong Kong’s Fanling area for HK$282.6… Read More>>
CBRE Announces Two Hotels Team Additions as Hospitality Market Declines
CBRE has appointed two senior-level hires to its Asia Pacific hotels team, placing a bet on a travel rebound once pandemic restrictions are lifted.
IHG Hotels veteran Steve Carroll has joined the agency as head of hotels and hospitality for… Read More>>
Asia Real Estate People in the News 2021-08-09
Management continuity at Korea’s largest pension fund leads our list of Asia Pacific personnel moves this week as the NPS has decided to extend the term of its chief investment officer for one more year.
Also included… Read More>>
CBRE to Acquire 60% Stake in UK Project Manager Turner & Townsend for $1.3B
Global property consultancy CBRE has beefed up its service offerings with a string of recent deals, including the planned acquisition of a 60 percent stake in UK-based project management specialist Turner & Townsend.
In the all-cash transaction, CBRE will pay… Read More>>
Asia Real Estate People in the News 2021-07-26
A senior-level promotion at developer Hines’s Greater China operation leads Mingtiandi’s roundup of personnel moves this week, with Shenzhen-based Kaisa Group adding more than the usual level of drama by appointing a 22-year-old daughter of group chairman Kwok Ying Shing… Read More>>
Colliers, CBRE Announce Senior Hires as SG, HK Markets Revive
The last three weeks have seen a burst of people moves in key Asian markets as property services firms start to replenish their executive ranks amid signs of a post-pandemic rebound in Hong Kong and Singapore.
Colliers International this month… Read More>>
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