Italian warehouses are in fashion this week as an Aussie fund manager and its Korean partner complete a $60 million purchase of a set of DHL facilities in the European nation.
Also in the headlines, while… Read More>>
CEO of Cromwell-Backed Data Centre Platform Previously Convicted of Stealing From Clients
Australia’s Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europe’s fast-growing data centre sector.
However,… Read More>>
Cromwell, IGIS to Buy Italian Logistics Assets From DHL for €52.5M
ASX-listed Cromwell Property Group said Wednesday it has tied up with South Korean real estate investor IGIS Asset Management to buy a set of Italian logistics assets from express giant DHL for €52.5 million ($61.6 million).
The DHL portfolio comprises… Read More>>
ARA Unleashes A$520M Hostile Takeover of Australia’s Cromwell Property
Singapore’s ARA Asset Management this week announced its intention to extend a bid for a hostile takeover of ASX-listed Cromwell Property Group, marking the latest development in a more than two-year struggle for control of the Australian investment group.
Facing… Read More>>
China Merchants Eyes $400M HK REIT IPO and More Asia Real Estate Headlines
A commercial REIT leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the real estate investment trust, which has five properties in Shenzhen, is seeking to raising $400 million in a Hong Kong… Read More>>
Hong Kong’s Toy King Buys Up Remaining Half of Sydney Tower for A$300M
Hong Kong’s King of Toys, Francis Choi, has acquired full ownership of a prime office building in North Sydney after buying out the remaining 50 percent of the asset for A$300 million ($210 million), according to an announcement to the… Read More>>
Philip Levinson to Step Down as CEO of Cromwell EREIT Management
Philip Levinson will be stepping down as CEO of Cromwell EREIT Management, less than a year after taking the helm at the manager of Singapore-listed Cromwell European Real Estate Investment Trust.
The REIT manager announced that Levinson will resign on… Read More>>
ARA Closes on Buy of $317M Stake in Cromwell Property, Raising AUM to $58B
ARA Asset Management has closed on its acquisition of a 19.5 percent stake in Australia’s Cromwell Property, boosting the Singapore-based company’s assets under management to S$77.2 billion ($57.7 billion).
The Singaporean asset manager implemented the deal by purchasing 86.5 million… Read More>>
ARA Pays $317M to Add Australia’s Cromwell Property to Global Footprint
Singapore-based real estate fund manager ARA Asset Management is continuing a global growth strategy by acquiring a 19.5 percent stake in an Aussie real estate investment manager, just a week after announcing a new platform for investments in Europe.
The… Read More>>
