Asia real estate and outbound investment news
CapitaLand has reached a $391 million first close on its first ever discretionary equity investment fund, according to an announcement today by the Singaporean real estate giant.
The CapitaLand Asia Partners I (CAP I) fund, is dedicated to value-add office… Read More>>
City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at a reported S$395 million ($291.5 million) valuation, marking the second divestment from a joint venture between the listed developer and the… Read More>>
Singapore Press Holdings (SPH), has acquired £133.7 million ($175.3 million) worth of student housing assets in the UK, allowing the publisher turned property developer to increase its portfolio of UK university accommodation by 1,243 beds to 5,059, the company announced… Read More>>
Asset management giant BlackRock on Wednesday named veteran finance executive Tony Tang as its new head of China, as the US-based firm continues to ramp up its presence in the world’s second-largest economy.
The 46-year-old, who since May last year… Read More>>
CWT International (CWTI), a unit of Chinese conglomerate HNA Group announced on Tuesday that it had defaulted on a HK$1.4 billion ($179 million) loan it received less than seven months ago — an event which its creditors say could lead… Read More>>
IWG, the parent company for Regus has agreed to sell its Japanese business for £320 million ($446 million) as the flexible office provider shifts toward a franchise model.
The London-listed firm is selling 100 percent of the equity in the… Read More>>
A senior executive of Fuzhou-based property developer Tahoe Group is said to have been detained since last week for reasons suspected to be linked to the earlier arrest of the chairman of Shenzhen-based China Create Capital, according to local Chinese… Read More>>
Listed developer UOL and its subsidiary, United Industrial Corp (UIC), have agreed to pay S$675.3 million ($499.26 million) to take 100 percent ownership of the Marina Square shopping centre and the Marina Mandarin hotel in Singapore.
The pair of companies… Read More>>
Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional supermarket chain Zhongbai Holdings Group in a deal valued at RMB 559 million ($83.2 million), according to a Shanghai Stock Exchange filing.
Yonghui is offering RMB… Read More>>
China Create Capital Ltd burst into the headlines early last year when the little-known investment firm purchased a Hong Kong office building from Henderson Land for HK$9.95 billion ($1.27 billion).
Now the Shenzhen-based financial firm, which purchased the 22-storey office… Read More>>
