Shanghai-based data centre firm GDS Holdings has agreed to sell some of its server-hosting facilities into a private REIT to be majority-owned by state-backed insurance giant China Life, with GDS expecting to net RMB 1.2 billion ($170 million) from the… Read More>>
Asia Real Estate People in the News 2024-10-07
A new boss at one of the region’s largest investors heads up this week’s review of personnel moves from around Asia’s real estate industry as Korea’s KIC updates its org chart. Also making the list is a new chairman at… Read More>>
Swire, China Life Fund Buying Sino-Ocean Stake in Beijing Commercial Project for $552M
Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>
Asia Real Estate People in the News 2024-01-29
Top-level moves at a pair of Asian government funds lead this week’s edition of People in the News, with China’s CIC set to name a new leader and Malaysia’s EPF ready for a new CEO to take over next month…. Read More>>
China Property Credit PIcked as Biggest Global Risk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a survey reveals investor fears that China’s property woes could trigger a systemic credit event, and South Korea’s flag carrier plans to sell Hawaii hotel assets. Also making the cut are a fund… Read More>>
Asia Real Estate People in the News 2023-08-14
New leadership for Lendlease’s SGX-listed REIT leads this week’s collection of personnel updates around Asia, with top level moves at US fund manager AEW and the asset management affiliate of Germany’s Deutsche Bank also making the list.
KKR Follows Blackstone With REIT Withdrawal Cap and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, buyout giant KKR limits withdrawals from a real estate vehicle, investment bank Goldman Sachs sees Hong Kong home prices falling 10 percent this year, and flex space provider WeWork announces a round of… Read More>>
Sino-Ocean Selling Remaining Stake in Beijing Office Tower to China Life for $32M
Embattled Chinese builder Sino-Ocean Group Holding has received a bailout from its largest shareholder China Life Insurance (Group) Company.
Sino-Ocean Group will sell its entire 10 percent stake in the China Life Financial Centre office tower in Beijing to two… Read More>>
China’s PBOC Cuts Rates as Economy Staggers and More Asia Real Estate Headlines
Disappointing data on China’s economy prompted some of today’s biggest headlines, with the mainland’s central bank moving quickly to cut rates at same time that JP Morgan analysts are predicting more gloom for developers.
Also in the news, an SGX-listed… Read More>>
Shimao Shares Spike 20% on Asset Sale Report and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao’s shares jump on reports that the troubled developer is selling all of its projects, the chairman of one of China’s biggest insurers is under investigation for corruption, and Joseph Lau’s Chinese Estates… Read More>>
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