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Yang Huiyan Country Garden

Country Garden, Yonghui Offload Wanda Stakes as PAG-Led Investors Take Control

2023/12/14 by Kevin He Leave a Comment

Chinese developer Country Garden has agreed to sell its minority stake in the mall business of embattled peer Dalian Wanda Group for RMB 3.07 billion ($428 million), as the heavily indebted builder continues to liquidate assets amid a protracted funding… Read More>>

Shuhei Yoshida Nomura

Nomura Japanese REIT Acquires Tokyo Hotel Amid Tourism Rebound

2023/12/14 by Poonyapat Luenam Leave a Comment

TSE-listed Nomura Real Estate Master Fund on Tuesday announced its acquisition of a hotel in Tokyo’s Taito ward, betting on demand for accommodation from international visitors to Japan’s capital.

The REIT sponsored by property heavyweight Nomura Real Estate Development revealed… Read More>>

Adar Poonawalla SII

Indian Vaccine Heir Said Buying London’s Priciest Home of 2023 in $173M Deal

2023/12/13 by Beatrice Laforga Leave a Comment

Indian vaccine tycoon Adar Poonawalla is reportedly spending about £138 million ($173 million) to purchase a mansion in London’s West End in what ranks as the UK capital’s most expensive home purchase this year.

Poonawalla, chief executive of Serum Institute… Read More>>

Yoshiyuki Chosa of GLP

GLP Breaks Ground on Greater Tokyo Warehouse in Japanese Manufacturing Hub

2023/12/13 by Poonyapat Luenam Leave a Comment

Industrial developer GLP Japan announced on Monday that it has begun construction of a warehouse in western Ibaraki prefecture, aiming to capitalise on logistics demand through the site’s connectivity with Tokyo and the Kanto region.

Located around an hour’s drive… Read More>>

Winnie Chiu FEC

Hong Kong’s Far East Consortium Promotes Third Generation to Director Roles

2023/12/13 by Christopher Caillavet Leave a Comment

The two eldest daughters of Far East Consortium boss David Chiu have received promotions, as the third generation advances at the Hong Kong-listed, family-controlled developer.

With effect from 1 January, 43-year-old Winnie Chiu and 40-year-old Wendy Chiu will serve as… Read More>>

Ap Lei Chau

Hong Kongers Grow Pessimistic on Residential Market: Citi Survey

2023/12/13 by Christopher Caillavet Leave a Comment

Just 13 percent of Hongkongers polled by Citi say it’s a good time to buy a home, down from 16 percent a year ago, the global bank said Tuesday.

The latest figure, based on data from 1,100 respondents in September,… Read More>>

Victoria Sharpe

HSBC AM Buying Singapore’s SilkRoad to Build Real Estate Deal Team

2023/12/12 by Kevin He Leave a Comment

HSBC Asset Management has agreed to acquire Singapore-based real estate private equity firm SilkRoad Property Partners as the UK financial services giant ramps up its property investment platform in Asia.

“HSBC Asset Management has entered into an agreement to acquire… Read More>>

Shan Weijian PAG

Wang Jianlin Hands Control of Wanda Mall Empire to PAG-Led Group to Settle Debts

2023/12/12 by Christopher Caillavet Leave a Comment

Once ranked as China’s richest man, Dalian Wanda boss Wang Jianlin is handing control of the mainland’s largest commercial developer to a creditor group led by Hong Kong private equity shop PAG after losing a bet that he could achieve… Read More>>

James Chern - Seraya Partners

AIMCo, BlackRock Back Seraya Partners’ $800M Inaugural Asia Infrastructure Fund

2023/12/12 by Beatrice Laforga Leave a Comment

Singapore-based private equity shop Seraya Partners has raised $800 million for its inaugural pan-Asia infrastructure fund with backing from Canada’s Alberta Investment Management Company (AIMCo) and American investment giant BlackRock.

Seraya Partners on Tuesday announced the final closing of Seraya… Read More>>

Yoshiyuki Yuto, chief operating officer at Syla

BlackRock Partnering with Crowdfunded Developer to Invest in Japanese Real Estate

2023/12/12 by Poonyapat Luenam Leave a Comment

BlackRock said on Monday that it is teaming up with crowd-funded Japanese property company Syla Technologies to expand its investments in the country’s residential real estate market.

Nasdaq-listed Syla announced in a press release that the partnership with the US… Read More>>

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