A real estate developer controlled by the family behind United Overseas Bank has placed the top bid for a residential site overlooking a set of parks in central Singapore, edging out 14 other contestants including a joint offer by City… Read More>>
China Launches Anti-Monopoly Investigation of Beike and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese officials go after apartment listings giant Beike over alleged anti-competitive practices, global investors bid up a half-stake in a Sydney office tower to pre-COVID levels, and CDL’s chairman says the Singaporean government… Read More>>
Frasers Logistics & Commercial Trust Buying 6 European Properties for $412M
Frasers Logistics & Commercial Trust is acquiring its first warehouse property in the UK as part of a S$548.7 million ($412.2 million) purchase of six European assets announced to the Singapore exchange on Monday.
FLCT’s new UK prize is being… Read More>>
New Buyers Step Up to Boost Bids for 5 Eagle Hospitality Trust Hotels by $24.8M
Singapore-listed Eagle Hospitality Trust says five of its 15 US hotels in Chapter 11 bankruptcy received qualified bids in a second bidding round, resulting in a $24.8 million net increase in the aggregate consideration for the auctioned properties.
In early… Read More>>
Merlin Swire Steps Down as Chair of Swire Properties, Swire Pacific
After steering his family’s 200-year-old empire through some of Hong Kong’s most turbulent times in recent memory, Merlin Swire is stepping down as chairman of Swire Properties and Swire Pacific, according to an announcement to the Hong Kong stock exchange… Read More>>
Zuo Hui, Billionaire Founder of Mainland Real Estate Listings Giant Beike, Dies at 50
China’s largest property listings website, Beike, announced that its founder and chairman, Zuo Hui, died Thursday after an unexpected worsening of illness. He was 50 years old.
Zuo, who started Beijing-based property agency Homelink (Lianjia in Chinese) in 2001 and… Read More>>
Mapletree Industrial Trust Buying 29 US Data Centres From Sila Realty for $1.3B
Singapore’s Mapletree Industrial Trust is set to add to its collection of US data centres after entering an agreement to acquire 29 facilities across 18 states for $1.3 billion.
The assets represent the entirety of the data centre portfolio of… Read More>>
SC Capital, Nuveen, Scape to Lead Rental Residential Panel on Tuesday
Asia Pacific’s rental residential sector is rapidly growing up with acquisitions of multi-family assets in Japan alone reaching $8.5 billion last year, according to Real Capital Analytics. However, that increase in demand is also raising asset prices and squeezing yields… Read More>>
Craig Beattie to Succeed Simon Dixon as Hongkong Land Finance Chief
Blue-chip developer Hongkong Land announced Thursday that chief financial officer Simon Dixon is stepping down from his role at the end of August to return to Australia.
Dixon will be succeeded by Craig Beattie, currently chief financial officer of hotel… Read More>>
Allianz Real Estate Expands APAC Team as Portfolio Grows
As Allianz Real Estate continues to add to its more than $8 billion in assets under management across Asia Pacific, the European financial services giant has added a pair of senior executives to its team in the region.
Just last… Read More>>
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