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Wheelock Makes HK$4B in Biggest Housing Launch in 6 Years and More Asia Real Estate Headlines

2019/05/07 by James Hatton Leave a Comment

In today’s roundup of real estate headlines from Asia, Hong Kong’s housing rebound leads the way with home sales reaching new records over the weekend.

Elsewhere in the region, the investors behind an online to offline coffee startup seem eager… Read More>>

jil smith manulife us reit

Manulife US REIT Buying DC Area Offices for $122M and More Asia Real Estate Headlines

2019/05/01 by Michael Cole Leave a Comment

Most of the region is on holiday today, but there’s still news to report leading with developers and investors from Asia making acquisitions in the US, Europe and Australia.

In addition to a Singapore-listed REIT buying a pair of office… Read More>>

Lt-Gen (Retd) Winston Choo Wee Leong

CDL, Alpha JV Selling Singapore Office Blocks in S$395M Deal

2019/04/20 by Michael Cole Leave a Comment

City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at a reported S$395 million ($291.5 million) valuation, marking the second divestment from a joint venture between the listed developer and the… Read More>>

kwek-leng-beng

Wing Tai and Hong Leong-CDL JV Top Bidders for S$875M Pair of Singapore Sites

2019/03/31 by James Hatton Leave a Comment

Developers in tropical Singapore kept their cool at a couple of land tenders last week with a site near Bugis, at the fringe of downtown bringing 10 offers, while a second plot in the Geylang red light district attracted only… Read More>>

Kwek Leng Beng

CDL Affiliate First Sponsor Buys Dresden Hotel for €49.5M

2019/02/24 by Jesus Alcocer Leave a Comment

Singapore-listed hotel investment firm First Sponsor late last week announced the acquisition of the Westin Bellevue Hotel in Dresden, Germany for €49.5 million ($55 million), a purchase which adds to the close to €400 million the CDL Group affiliate has… Read More>>

Oakwood Arlington

Mapletree Buys DC-Area Serviced Apartments for $70M and More Asia Real Estate Headlines

2019/01/19 by Michael Cole Leave a Comment

Singapore keeps churning out the headlines today as China and Hong Kong slow down as the city-state’s Mapletree Investments makes another US purchase and a major real estate agency names a new MD in the Southeast Asian financial hub. Meanwhile… Read More>>

Ng Beng Tiong ARA

ARA-Chelsfield JV Buys SG’s Manulife Centre From CDL and Alpha for S$555M

2019/01/05 by Michael Cole Leave a Comment

A joint venture between ARA Asset Management and Chelsfield Asia has purchased the Manulife Centre on Singapore’s Bras Basah Road for S$555.5 million ($408.8 million), according to statements released late Friday.

Singapore-based ARA and Chelsfield, the Asian arm of a… Read More>>

Gan Li

Survey Shows 22% of Mainland Homes Unoccupied and More Asia Real Estate Headlines

2018/11/10 by Michael Cole Leave a Comment

At the top of today’s real estate news from around the region, while China’s leaders seem determined to stamp out housing speculation, that sentiment seems to have had little impact on the country’s world-leading supply of empty homes. Further south,… Read More>>

Frank Khoo CDL CIO

Singapore’s CDL Buys Former London Stock Exchange from Blackstone for £385M

2018/10/29 by Jan Kot Leave a Comment

Shrugging off Brexit concerns, City Developments Limited (CDL) had added another trophy asset to its London collection. The Singapore-listed developer announced on Friday that it has acquired a prime office tower in London from Blackstone for £385 million ($493.99 million)… Read More>>

Frank Khoo CDL CIO

Singapore’s CDL Acquires London’s Aldgate House From CPPIB-Hermes JV for £183M

2018/09/16 by Jan Kot Leave a Comment

City Developments Limited (CDL) has acquired Aldgate House, a prime commercial building in London for £183 million (approximately $239 million) from a joint venture between Hermes Investment Management and the Canada Pension Plan Investment Board (CPPIB) to continue expanding recurring… Read More>>

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