Morgan Stanley Real Estate Investing, together with UK real estate investment house Greycoat, has sold an office building in the City of London to a separate account managed by CBRE Global Investors, according to an announcement this week by the… Read More>>
Ho Bee Land Wins SG Biomed Project With S$224M Bid
Ho Bee Land has won the tender for a 41,366 square metre (445,260 square foot) biomedical facility in Singapore’s One-North development, according to an announcement late Monday by the SGX-listed developer.
The company controlled by property investor Chua Thian Poh… Read More>>
China Real Estate Investment Falls 16%, Home Sales Drop 36% in Jan-Feb
Real estate investment in mainland China collapsed over the first two months of 2020, recording its largest contraction since records began, according to statistics published today by the country’s National Bureau of Statistics.
The government agency said that overall property… Read More>>
Empty Kowloon Shop Sold at 41% Loss as HK Retail Falls Victim to Virus
A shop in Hong Kong’s Tsim Sha Tsui shopping district has been sold at a more than 41 percent loss as the city’s virus control measures crimp retail sales and push down commercial rents.
A property investment firm believed to… Read More>>
GLP Confirms €1B Purchase of Goodman European Logistics Assets
GLP announced today that it is acquiring Goodman Group’s central and eastern European logistics assets, doubling the European footprint of the company formerly known as Global Logistic Properties through a €1 billion ($1.1 billion) deal which had first been reported… Read More>>
Oyo Hotels Said to Cut Over 72% of China Staff
Oyo Hotels has cut its China staff by more than 72 percent since late 2019, according to a local news report last week, as the Softbank-backed company struggles to reach profitability less than one year after declaring itself the world’s… Read More>>
Soho China Confirms Buyout Talks Following Report of $4B Blackstone Offer
Mainland commercial developer Soho China has confirmed that it is considering buyout offers for the Hong Kong listed firm, just two days after news reports indicated that it had entered into exclusive discussions with Blackstone.
In an announcement to the… Read More>>
Soilbuild JV Braves Virus Scare to Buy Discounted US Hotels for $477M
A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>
Greystar Sells America’s Priciest Student Housing Block to Korean Consortium
Greystar Real Estate Partners has sold a university residential complex at the University of California at Davis to an investor consortium powered by Korea Investment & Securities in the largest ever trade of a single US student housing asset.
California-based… Read More>>
Kailong Founder Hei Ming Cheng Named ULI Mainland China Chair
Hei Ming Cheng, founder and chairman of Warburg Pincus-backed real estate fund manager Kailong, has been named chair of the Urban Land Institute’s mainland China chapter, according to a statement by the real estate industry nonprofit.
Cheng, who has three… Read More>>
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