In today’s roundup of regional news headlines, Keppel Land exits a residential development project in China, PropertyGuru says it may consider a future Asian listing after it goes public in New York, and electric car maker Tesla leases a… Read More>>
Weave Buys Kai Tak Hotel to Add to Hong Kong Multi-Family Portfolio
Warburg Pincus-backed Weave Living has agreed to purchase a Kai Tak hotel as its sixth Hong Kong property, spending close to HK$390 million ($50 million) for the asset as the multi-family residential specialist continues to expand its portfolio.
Weave is… Read More>>
Richard Li, Peter Thiel to Take PropertyGuru Public in $1.78B SPAC Deal
After pulling the plug on its Australian IPO almost two years ago, Singapore-based PropertyGuru is ready for another attempt at a public listing through a merger with a special purpose acquisition company (SPAC) backed by billionaires Richard Li and Peter… Read More>>
Singapore’s Keppel DC REIT Buying First China Data Centre for $98M
Singapore-listed Keppel DC REIT has agreed to acquire its first data centre in China, a fully fitted facility in Guangdong province, for RMB 635.9 million ($98 million), as mainland assets continue to attract investors assembling regionwide server-hosting portfolios.
Situated within… Read More>>
Germany’s Patrizia Names Katsumi Nakamoto President of Japan Business
Germany’s Patrizia Immobilien has appointed former Mitsubishi real estate executive Katsumi Nakamoto as its new president and representative director in Japan, according to an announcement by the Augsburg-based fund manager.
Previously the president and chief executive of Diamond Realty Management,… Read More>>
Gaw Launches SE Asia Data Centre JV With Indonesia Project
Hong Kong’s Gaw Capital Partners on Friday announced the launch of a Singapore-based joint venture company, Data Center First, with a project in the nearby Indonesian city of Batam.
Industry veteran Wong Ka Vin leads Data Center First as co-founder… Read More>>
GuocoLand Bids $576M for Singapore Site as Housing Market Rises
A pair of Singapore residential sites attracted competitive bidding from developers late last week as the city-state’s housing market continues to benefit from investor confidence, as shown by rising home prices and recovering sales volumes in Southeast Asia’s most expensive… Read More>>
Embattled Evergrande Comes to Terms With Creditor Over Asset Freeze
The day after several banks were reported to have stopped offering mortgages for unfinished units at China Evergrande’s Hong Kong residential projects, the mainland’s most-indebted developer scored a rare win by resolving a dispute with one of its creditors.
China… Read More>>
Alibaba’s Joe Tsai Revealed as Buyer of $157.5M Manhattan Condo
Alibaba’s vice chairman Joseph Tsai has seen his company’s stock price take a beating this year, but that hasn’t stopped him from buying the third most expensive home in American history.
The billionaire e-commerce entrepreneur and Jack Ma running buddy… Read More>>
Colliers Hires Former JLL Country Head Ramesh Nair as India CEO
Colliers International has appointed Ramesh Nair as chief executive for India and managing director of market development for Asia, the latest personnel move in what’s shaping up to be a busy hiring season at the agency.
Nair joins Colliers after… Read More>>
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