Ucommune, China’s largest co-working operator has finally gone public, but not through the IPO that it had touted for more than two years, and at a valuation nearly one-quarter of its peak pricing, according to an announcement earlier this week.
Pandemic Boosts Appeal of Logistics Assets Amid E-commerce Boom: ESR’s Perlman
While the Covid-19 pandemic has upended most industries and dragged the global economy into recession, it’s been a boon for logistics assets, Jeffrey Perlman, chairman of ESR, the largest logistics real estate platform in Asia pacific.
“Logistics hasn’t skipped a… Read More>>
Colliers Picks New Head of Real Estate Management Services for Singapore
Colliers International this week announced the appointment of Stephen Bruce as its head of management services for its Singapore business, with the former JLL executive having started in his new role on 6 July.
At Colliers, Bruce will be responsible… Read More>>
HK$40B Site on Victoria Harbour Could Reshape Hong Kong’s Central
Amid market uncertainty and sliding property values, Hong Kong is putting up for sale an iconic commercial site in the city’s busiest district, according to a recent announcement by the city government.
The 4.76 hectare (512,362 square foot) waterfront plot,… Read More>>
Pair of Singapore REIT Probes Fail to Shake Investor Confidence
Investigations have been launched into trust managers or executives involved in the management of two Singapore-listed real estate investment trusts, or S-REITs, since the beginning of June, but investors appear unperturbed by the government intervention or by the possibility of… Read More>>
Singapore’s TE Capital, Roxy-Pacific Buy Melbourne Office Tower for A$145M
TE Capital Partners, the investment arm of Singaporean developer Tong Eng Group, said it has partnered with Singapore-listed builder Roxy-Pacific Holdings to buy an office building in Melbourne’s central business district for A$145 million ($101 million).
“We are confident in… Read More>>
MTD TV Interview with Jeffrey Perlman of Warburg Pincus Now Online APAC Logistics Forum 2020
Mingtiandi completed its first online video session today as the company’s founder and chief analyst interviewed Warburg Pincus managing director and head of Southeast Asia, Jeffrey Perlman with 671 unique visitors tuning in.
Digital Realty Kicks Off Work on Second Hong Kong Data Centre
US-based data centre REIT Digital Realty announced late last week that it will start development of its second data centre in Hong Kong as the 16-year-old company expands its footprint in Asia Pacific.
The company expects the carrier neutral facility,… Read More>>
ESR Sets Up RMB 1.7B China Logistics JV with Manulife
Logistics developer and fund manager ESR today announced a new joint venture with Canadian insurer Manulife, adding to its growing list of investment partnerships in 2020.
As part of the same announcement, ESR revealed that the new venture has completed… Read More>>
Hines, India’s DNR to Jointly Develop Bangalore Office Project
Hines, the Houston-based real estate firm with over $133 billion in assets under management across 205 cities globally, said Friday it has partnered with India’s DNR Group to build an office development in Bangalore.
The 20-storey tower will have a… Read More>>
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