UK fund manager Schroders could see creditors take over a second property from its Hong Kong portfolio in just over a month as Singapore’s UOB mulls seizing a North Point shopping mall following a default on a HK$1.5 billion ($190… Read More>>
Schroders Marketing Hong Kong Mall at 20% Below 2017 Purchase Price
Schroders has launched a sale campaign for a third Hong Kong asset in four months, with market sources confirming that the London-based fund manager is asking HK$1.6 billion ($210 million) for the Worfu mall in North Point.
Schroders teamed with… Read More>>
Asia Real Estate People in the News 2023-06-19
Leading this week’s roundup of people moves from around Asia is the migration of a top level BlackRock executive. Also making the list is the Asia CEO of UK investment firm Chelsfield, who has joined the board of a Singapore… Read More>>
ARA Sells Half Stake in Singapore’s Lazada One to Sumitomo Mitsui-Backed Fund for $269M
ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362.4 million ($269.3 million), Mingtiandi has learned.
A fund managed by… Read More>>
Chelsfield Eyes Hong Kong Opportunities After Opening SG Office Project
After leasing out its most recent Singapore value-add project to Alibaba and its Lazada unit, real estate investment firm Chelsfield Asia is on the lookout for distressed assets in its Hong Kong home base as it gears up for more… Read More>>
ARA, Chelsfield Say Sale of Singapore’s Lazada One Heading into Final Stages
ARA Asset Management and Chelsfield Asia are officially opening their office project in Singapore’s Bras Basah area this week, with top executives from the two firms confirming that the building now known as Lazada One is the target of offers… Read More>>
ARA, Chelsfield Test Market for Lazada Headquarters in Singapore
ARA Asset Management and Chelsfield Asia have put Lazada’s corporate headquarters up for sale according to market sources familiar with the matter who spoke with Mingtiandi, with the marketing exercise coming almost three years after they picked up the asset… Read More>>
ARA-Chelsfield Singapore Project Rechristened Lazada One as Alibaba Unit Relocates
Lazada, the Southeast Asia online marketplace owned by Chinese e-commerce giant Alibaba, has slapped its name on its new Singapore home as it prepares to move into the building owned by ARA Asset Management and UK-based Chelsfield.
Earlier this year,… Read More>>
Alibaba Unit Leases Most of ARA, Chelsfield SG Project and More Asia Real Estate Headlines
In this edition of Mingtiandi’s regional news roundup, Alibaba’s Lazada e-commerce unit leases an expanse of Singapore office space, China plugs loopholes exploited by buyers to load up on multiple properties, and Hyundai mulls a major design change for its… Read More>>
Asia Real Estate People in the News 2021-01-11
As 2021 enters its second full week, there is an upswing in real estate industry leaders checking in from new work locations, as Blackstone brings on board a top level political veteran to advise its Japanese operation.