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Sharon Lim MCT

Mapletree Proposes $3.13B Merger of Singapore, North Asia Commercial REITs

2022/01/03 by Beatrice Laforga Leave a Comment

Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4.22 billion ($3.13 billion) deal which would create Asia’s seventh-largest REIT.

If shareholders approve, the merger would establish Mapletree Pan Asia… Read More>>

Claire Tang Lasalle

LaSalle, Jingrui Acquire West Shanghai Multi-Family Value-Add Project

2021/12/31 by Christopher Caillavet Leave a Comment

LaSalle Investment Management has closed on its joint acquisition alongside a unit of Shanghai-based developer Jingrui Holdings of a retail and hotel property in the megacity’s Hongqiao area, with plans to convert the distressed asset into a multi-family residential project.

… Read More>>

Mingtiandi Memberships Launched – Access to News and Events Simplified

2021/12/31 by Michael Cole Leave a Comment

After more than a decade of daily updates on the region’s real estate happenings and two years after launching our MTD TV video platform, Mingtiandi is proud to provide our Mingtiandi membership service to bring unified registration for our news… Read More>>

CDL COO Kwek Eik Sheng

CDL Chairman Names Nephew as Group COO, Refills Empty Board Slots

2021/12/31 by Beatrice Laforga Leave a Comment

With a fresh round of cooling measures having dealt a fresh blow to a company still reeling from a S$1.9 billion (now $1.4 billion) loss last year, City Developments Ltd (CDL) has turned to the family for some help.

The… Read More>>

Guo Ziwen Aoyuan

Citibank, Hong Kong’s Nine Masts Capital Sue China Aoyuan to Collect $131M Debt

2021/12/30 by Christopher Caillavet Leave a Comment

A Hong Kong hedge fund led by a professional poker player sees China Aoyuan Group as a busted flush, and Nine Masts Capital has joined Citibank in taking legal action to recoup more than $131 million owed to them by… Read More>>

Andrew Chew GuocoLand CFO

GuocoLand Promotes Singapore Team as Group CFO Steps Down

2021/12/30 by Beatrice Laforga Leave a Comment

GuocoLand’s group chief financial officer Gregory Sim Chee Wah has stepped down after a year and a half of service to pursue personal endeavors, the Singapore-listed developer announced Wednesday, with the departure coming half a year after the developer named… Read More>>

Anthea Lee Keppel

Keppel DC REIT Expands UK Portfolio With Purchase of Vodafone Facility

2021/12/29 by Beatrice Laforga Leave a Comment

Keppel DC REIT has added a third UK property to its portfolio through a £57 million ($76.45 million) acquisition announced this week, as it faces new competition on the Singapore Exchange.

The Singaporean trust has agreed to buy a freehold… Read More>>

Adam Peters

Korea’s IGIS Adds DC-Area Multi-Family Asset to North American Portfolio

2021/12/29 by Christopher Caillavet Leave a Comment

South Korea-based IGIS Asset Management has acquired a 520-unit multi-family asset in Alexandria, Virginia in partnership with US investor Timberline Real Estate Ventures, placing a bet on rental residential in one of America’s priciest cities for housing.

Located 10 miles… Read More>>

Neil-Bush

Neil Bush Exits Stake in Singapore Developer as Mainland Tycoon Buys Out SingHaiyi

2021/12/29 by Beatrice Laforga Leave a Comment

Neil Bush is selling his minority stake in a Singapore property developer controlled by a long-time business partner and Bush family booster, according to a filing with the Singapore Exchange, with the younger brother of former US President George W… Read More>>

South Bay Road

Tender in Hong Kong’s Repulse Bay Could Yield City’s Priciest Housing Site Ever

2021/12/28 by Christopher Caillavet Leave a Comment

A residential development site in Hong Kong’s exclusive Repulse Bay area will go up for sale in a public tender opening on 31 December, the government announced late last week.

The land parcel on South Bay Road, known as Rural… Read More>>

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