In today’s edition of our regional news roundup, a pair of fund managers clinch a green loan to finance the purchase and revamp of a Singapore building, Amazon pleads for a probe into what it calls insider trading by India’s… Read More>>
Chelsfield Closes $363M Asia Fund to Hunt for Downturn Bargains
Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer readies to deploy dry powder in what CEO Nick Loup calls a “once-in-a-generation opportunity for investing”.
Alongside the $362.5 million… Read More>>
Asia Real Estate People in the News 2020-02-17
In this week’s edition of People in the News, an SC Capital Partners executive director in Shanghai has stepped up to managing director, while a WeWork senior director of real estate has defected to JLL to head the China desk… Read More>>
Chelsfield, Pamfleet Team Up to Buy SH Offices From Sino-Ocean for RMB 1.5B
UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office buildings in Shanghai for a consideration of RMB 1.5 billion ($210 million), according to an announcement to the… Read More>>
ARA-Chelsfield JV Buys SG’s Manulife Centre From CDL and Alpha for S$555M
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>>
CNQC Buys Floor in Kerry Kowloon Bay Project for HK$200M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s market for strata-title office market continues to show some life at the end of the year as the parent company of Singaporean development giant Qingjian Realty has bought a floor in… Read More>>
Chelsfield Said in Due Diligence for S$550M Buy of SG’s Manulife Centre From Alpha and CDL
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
Asia Real Estate People in the News 2018-03-26
Leading this week’s roundup of people moves, a top hospitality exec has joined Hyatt Hotels to lead the brand’s growth in Greater China. An asset management pro is taking the helm at a newly formed Singaporean investment firm, and CBRE… Read More>>
Hermès Said Selling Floor in Hong Kong’s The Galleria to Chelsfield for $115M
British property developer Chelsfield is said to be buying the ground floor of The Galleria, a shopping centre in Hong Kong’s Central commercial hub, from French luxury brand Hermès for HK$900 million ($115 million), according to a local media report.
Li Ka-Shing’s Fortune REIT Said Selling Hong Kong Mall to Pamfleet, Chelsfield for HK$2B
Fortune REIT, which is managed by an affiliate of billionaire Li Ka-shing’s CK Asset Holdings, announced this week that it is selling the Provident Square shopping centre in Hong Kong’s North Point area for HK$2 billion ($256 million). The buyer… Read More>>