Singapore’s luxury housing market continued to record some of the world’s steepest increases in rental rates during the first half of this year, as wealthy foreigners flow into the Southeast Asia financial haven, according to a recent report by Savills.
Bain Buying 90% Stake in India’s Adani Capital, Adani Housing, Buying Out Family
Private equity major Bain Capital on Sunday announced an agreement to acquire 90 percent of two companies controlled by Indian billionaire Gautam Adani.
The transaction will buy out 100 percent of the Adani family’s private investments in Adani Capital, which… Read More>>
Blackstone Q2 Earnings Tumble 39% as Assets Reach $1T Milestone
Blackstone on Thursday announced a 39 percent year-on-year drop in distributable earnings to $1.2 billion in the second quarter, but the profit skid was tempered by a 6 percent rise in the private equity giant’s assets under management to an… Read More>>
Australia’s Ovolo Hospitality Rolls Out Asset Manager TriO Capital to Drive Expansion
Australian hospitality group Ovolo has launched a dedicated investment and asset management arm dubbed TriO Capital to drive expansion efforts, with an initial focus on Asia Pacific.
Named after the three O’s in Ovolo, TriO is led by managing director… Read More>>
Singapore Tightens Rules on Foreign Property Ownership in Latest Market Restriction
Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential property, as authorities put up a new firewall attempting to insulate the local market from foreign speculators.
The Ministry of Law and the Singapore Land… Read More>>
Keppel Funds Buy Seoul Office Tower, Boosting Korean Portfolio to $2B
Two private funds of Singapore’s Keppel Corp have acquired an office tower in the Seoul CBD for an undisclosed amount, increasing the conglomerate’s South Korean assets under management to nearly KRW 2.6 trillion ($2 billion).
The Bank of Korea’s Sogong… Read More>>
R&F Co-Chairman Dodges Jail, Will Pay Fines for Bribing San Francisco Official
Guangzhou R&F Properties co-chairman Zhang Li has avoided jail time and will not see criminal charges after admitting to bribing a local official in order to secure approvals for a San Francisco mixed-use project.
Under the deal reached with US… Read More>>
APAC Hotel Deal Volume Down 51% in First Half on Economic Woes, Costlier Financing
Hotel investment volume in Asia Pacific tumbled 51 percent year-on-year to $3.13 billion in the first half of 2023 as macroeconomic challenges and the rising cost of debt stubbed out dealmaking in the hospitality segment, according to JLL.
Japan bucked… Read More>>
Warburg Pincus Asia Real Estate Head Jeffrey Perlman Promoted to Global President
A US private equity giant is turning to Asia as it upgrades its management team, with Warburg Pincus today announcing that it will promote Jeffrey Perlman to president.
“Jeff is at the core of a very talented next generation of… Read More>>
SC Capital JV With Goldman, ADIA Buys Japan Hotel Portfolio From Daiwa House for $900M
A consortium formed by Singapore’s SC Capital Partners with Goldman Sachs Asset Management and the Abu Dhabi Investment Authority has acquired a portfolio of 27 resort hotels in Japan from property giant Daiwa House Industry for $900 million.
The hotels… Read More>>
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