Mitsubishi Estate and Lendlease confirm plans for a residential-led project in suburban Sydney, with that story leading today’s headline roundup. Also in the news, Australia’s Dexus REIT reels from office property write-downs and Chinese builder Sunac posts a $2.1 billion… Read More>>
Tang Family Completes Manager Buyout, Becomes Sponsor of ARA US Hospitality Trust
Mysterious mainland investor Gordon Tang and wife Celine have completed their takeover of ARA US Hospitality Trust’s managers, with the family upping its stake to become the largest unit-holder and sponsor of the Singapore-listed hotel REIT.
Acrophyte Pte, which was… Read More>>
Gordon and Celine Tang Clinch Chip Eng Seng Buyout as Acceptances Surpass 90%
After two deadline extensions, Gordon and Celine Tang have hit the magic number in their take-private bid for Singapore-listed Chip Eng Seng, with the mainland money managers securing acceptances from more than 90 percent of the builder’s shareholders by the… Read More>>
Chip Eng Seng Offer Deadline Extended 2 Weeks and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Gordon and Celine Tang delay the closing date of their offer for Singapore’s Chip Eng Seng to mid-February, and more Chinese cities lower mortgage rates to encourage first-time homebuyers.
Tangs… Read More>>
Twelve Chinese Cities See New Home Prices Rise and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a survey finds an increasing number of Chinese cities reporting a rise in new home prices amid a string of stimulus policies and the relaxation of COVID containment measures.
More… Read More>>
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>>
Tang Reshuffles Stake in OUE C-REIT as Chip Eng Seng Buyout Continues
Gordon Tang has sold a 1.02 percent interest in Singapore-listed OUE Commercial REIT to his mother and son, as the mainland billionaire and wife Celine continue to build their stake in developer Chip Eng Seng in a bid to take… Read More>>
Chip Eng Seng Sells Aussie Hotel for $12M, Buys Out Maldives Project as Buyout Progresses
Celine and Gordon Tang chalked up three transactions in a week, including the sale of a hotel in Australia by Chip Eng Seng as the mainland billionaire couple bids to buy out the Singapore-listed builder.
Chip Eng Seng agreed to… Read More>>
Daiwa House Industry Checks Out of Resorts and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Japanese developer Daiwa House Industry sells its resort hotel business, and mainland power couple Celine and Gordon Tang buy more shares of Singaporean builder Chip Eng Seng.
Daiwa House Industry… Read More>>
SingHaiyi Owners Raise Buyout Offer for Singapore’s Chip Eng Seng by 4.2%
Celine and Gordon Tang have sweetened their take-private bid for Chip Eng Seng, the Singapore-listed builder controlled by the mainland power couple, by upping their all-cash offer by three cents to S$0.75 per share.
The new buyout price, which values… Read More>>