City Developments Ltd has completed its acquisition of a Paris hotel from funds managed by Blackstone for €240 million ($260.9 million), giving the Singaporean property giant a centrally located lodging asset just in time for the Olympic Games this summer.
Far East Consortium Selling Pair of UK Projects and More Asia Real Estate Headlines
Hong Kong developers selling assets leads Mingtiandi’s headline roundup today with Far East Consortium parting with a pair of projects from its northern England holdings. South Korea makes the list with government moves to avert a real estate debt crisis… Read More>>
Singapore Site Tender Triggered One Week After CDL-Mitsui Awarded Neighbouring Plot
Less than a week after a joint venture between City Developments Ltd and Mitsui Fudosan of Japan captured a residential project in Singapore’s upscale District 10 with a below-market bid, an unnamed developer has made an offer on an adjacent… Read More>>
CDL-Dominated Building on Singapore’s Orchard Road Up for Sale at $321M
Singapore’s Orchard Road continues to be a redevelopment hot spot with an ageing building near the Four Seasons and Pan Pacific Orchard hotels launched for sale on Thursday at a reserve price of S$438 million ($321 million).
Delfi Orchard, an… Read More>>
Keppel REIT Said Choosing Buyer for Seoul Tower and More Asia Real Estate Headlines
Keppel REIT leads Mingtiandi’s headline roundup today with the SGX-listed trust said choosing a preferred buyer for a Seoul office property. Also making the list, China home prices slid for a 10th straight month, despite policy support and PGIM is… Read More>>
Singapore’s URA Awards Pair of Projects, Launches Two More, Despite Low Bids, Slow Sales
Singapore’s Urban Redevelopment Authority made a pair of announcements on Tuesday set to further expand home supply in the city-state, despite its own figures showing sales of private housing falling 6 percent in the first quarter, compared to the same… Read More>>
Temasek Expands European Presence with Paris Office and More Asia Real Estate Headlines
Singapore’s growing interest in continental Europe leads today’s real estate headlines from around Asia as Temasek Holdings opens in Paris. Also in the news, the Lion City’s Elite Commercial REIT is rebranding and expanding its investment focus and India’s K… Read More>>
Microsoft to Spend $2.9B on Japan Data Centres and More Asia Real Estate Headlines
Microsoft leads Mingtiandi’s headline roundup today as the tech giant plans to spend an unprecedented sum on its cloud and AI infrastructure in Japan. Blackstone also makes the list as it looks to borrow more than $1 billion against its… Read More>>
Ares Makes Discounted Offer on $1.3B Hong Kong Loan and More Asia Real Estate Headlines
Ares Management leads Mingtiandi’s headline roundup today as the alternative investment manager is said to be making a discounted offer for a $1.3 billion loan tied to a Hong Kong project developed by distressed Chinese builders Logan and KWG. Blackstone… Read More>>
CDL-Mitsui JV Places Sole Bid of $820M for Singapore’s First Rental Housing Project
A joint venture between City Developments Ltd and Japan’s MItsui Fudosan placed the sole bid for a site in Singapore’s posh District 10, positioning the partners to develop a mixed residential and commercial project which includes the city-state’s first land… Read More>>
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