Following the announcement of a rental moratorium to support retailers as part of Hong Kong’s budget rollout last week, financial secretary Paul Chan is urging Hong Kong developers to, “consider lowering rents or adjusting the rent structure (as much as)… Read More>>
Fang Holdings Founder Vincent Mo Steps Down as China Property Portal Faces Delisting
Fang Holdings has announced the departure of its chairman and founder, Vincent Mo, three years after the China internet pioneer relinquished day-to-day control of the Beijing-based real estate portal.
Fang said Monday in a release that Mo was stepping down… Read More>>
ESR Developing $1.5B Logistics Park Near Osaka
ESR on Thursday announced the development of a $1.5 billion logistics park in the greater Osaka area, as the builder of some of Japan’s biggest warehouses continues to secure land despite zoning-related supply constraints in the country.
The… Read More>>
Blackstone Says Asia Fund on Target After Pension Fund Report
US private equity giant Blackstone says its Asia real estate fund is on track to reach its $9 billion goal, after a US pension manager had cited a 22 percent lower target for the opportunistic vehicle.
Blackstone representatives told Mingtiandi… Read More>>
Scape Hires Bouwinvest’s Tjarko Edzes as Chief Capital Officer
Rental housing developer Scape Australia has bolstered its executive team with the hiring of Tjarko Edzes, who most recently served as the Asia Pacific investment director at Scape’s longtime partner Bouwinvest.
Edzes assumes his new role this month as chief… Read More>>
CPPIB Invests $350M In Second India Office JV With Bangalore’s RMZ
The Canada Pension Plan Investment Board (CPPIB) is ready to take a bigger slice of India’s commercial real estate market as it teams up for a second office joint venture with RMZ Corp with an INR 26.5 billion ($350 million)… Read More>>
Warburg Pincus-Backed Weave Launches 6th Hong Kong Location in Kai Tak
Weave Living has announced the opening of its sixth apartment community in Hong Kong, unveiling its conversion of a budget hotel in Kowloon East as Weave Studios Kai Tak.
The opening of the 99-unit facility was announced in a LinkedIn… Read More>>
Mapletree Logistics Trust Buys 20th South Korean Shed For $74M
Mapletree Logistics Trust has acquired a newly-built warehouse in South Korea for KRW 88.5 billion ($74 million) as the Singapore-based trust expands its footprint in one of Asia’s largest e-commerce markets.
The trust’s manager told the Singapore Exchange late Monday… Read More>>
CBRE Promotes Luke Moffat to APAC Head of Advisory and Transaction Services
Global property consultancy CBRE on Tuesday announced the promotion of Luke Moffat to regional managing director and head of advisory and transaction services for Asia Pacific.
Moffat succeeds Manish Kashyap, who was elevated to global president of advisory and transaction… Read More>>
HKEX Raps Fantasia Boss, Former Colour Life Execs for Property Management Tricks
Several current and former executives of defaulting developer Fantasia Holdings and its property management spin-off Colour Life Services drew a rare rebuke and disciplinary action from the Hong Kong stock exchange this week for breaking a non-compete deal.
In a… Read More>>
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