Asia real estate and outbound investment news
Hong Kong property billionaire Peter Woo is offering to take Hong Kong-listed Wheelock & Company private in a deal worth just under HK$48 billion ($6.2 billion), according to a stock exchange filing.
Woo, whose family controls the 93-year-old firm chaired… Read More>>
Wang Jianlin’s Dalian Wanda Group may have been forced to unwind its overseas ambitions, but the billionaire’s property business in mainland China shows no signs of flagging after it hauled in operating income more than double that of its closest… Read More>>
New World Development has sold its ownership interest in a pair of mid-market Hong Kong community malls to MTR Corporation for HK$3 billion ($380 million), according to a company announcement.
The developer said that it was disposing of its 50… Read More>>
CapitaLand is freezing wages company-wide as one of a series of measures to counter the impact of the coronavirus outbreak on its business, according to a company announcement.
The Singapore-based real estate group said that the wage freeze, which applies… Read More>>
Singapore Press Holdings has made its second overseas investment in senior living facilities this week as the media and property conglomerate announced today that it has agreed to pay C$232.9 million ($176.6 million) to acquire a set of Canadian properties.
CapitaLand has agreed to acquire a business park in the UK for £129 million ($168 million), as Southeast Asia’s largest real estate group boosts its portfolio in post-Brexit Britain.
The Singapore property giant said that its acquisition of the Arlington… Read More>>
Blackstone has improved its bid for a Japanese hotelier and property developer to JPY 205 billion ($1.85 billion), as the US private equity giant tops an existing offer by rival Lone Star Funds that values the company at JPY 195… Read More>>
Adding illness to injury, the coronavirus outbreak has brought vacancy in the world’s most expensive office location to its highest level in over five years, according to a report this week from JLL.
The property consultancy said that vacancy rates… Read More>>
ARA Asset Management together with the property arm of British Columbia Investment Management today announced their acquisition of a Melbourne office development valued at A$330 million ($218 million), confirming a Mingtiandi report from earlier this month.
In a joint statement,… Read More>>
Despite the market continuing to be quiet across Greater China, Savills’ reported brokering of the RMB 8 Billion ($1.1 billion) sale of LG Group’s Beijing HQ tops Asia’s deal charts this week, with the deal ranking as the biggest transaction… Read More>>
