Blackstone is said to be offering more than HK$31 billion ($4 billion) to privatise mainland commercial developer Soho China, as the US fund manager prepares to take one of its biggest bets ever on commercial property in Asia.
The New… Read More>>
Lendlease Picks Global Switch Vet to Lead $1B APAC Data Centre Push
Australian property giant Lendlease has hired former Global Switch managing director Sam Lee to head up its data centre platform in Asia Pacific.
With Lee overseeing operations from Singapore as Lendlease’s managing director of data centres, the developer plans to… Read More>>
First Group Acquires Kowloon’s Centennial Building for HK$790M
Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New Kowloon for a reported HK$790 million ($102 million), as the firm tries to follow up on earlier successes in the… Read More>>
CBRE GI Closes Fifth APAC Value-Add Fund at $900M
CBRE Global Investors has closed the fifth iteration of its pan-Asia value-add fund series at a hard cap of $900 million — around 10 percent less than what it achieved for the fourth edition of the strategy – according to… Read More>>
Hongkong Land Posts 4% Rise in Profit, Warns of Virus Hit for 2020
Hongkong Land, the biggest landlord in Hong Kong’s Central district, saw its underlying profit rise to a record $1.1 billion last year, but warned this month that the coronavirus outbreak would hit the firm’s business in 2020.
The division of… Read More>>
Allianz Real Estate Grew Asia Pacific Assets 83% in 2019 to €5.5B
Allianz Real Estate grew its Asia Pacific portfolio by 83 percent last year, as the property investment arm of the European insurance giant ramped up its assets under management in the region to €5.5 billion ($6.1 billion).
“Our success in… Read More>>
ARA Asset Management Acquires Warehouse Specialist Logos
Singapore’s ARA Asset Management announced today that it has acquired a majority stake in Asia Pacific logistics real estate developer and fund manager Logos Group for an undisclosed sum.
The deal, which was revealed in a joint announcement by the… Read More>>
Hong Kong Developers Cut Condo Launches 93% as Demand Disappears
Developers are holding off from launching new residential projects in Hong Kong amid a property slump in the Asian financial hub that has been exacerbated by the coronavirus outbreak, according to JLL.
The property consultancy said that developers added just… Read More>>
Softbank Said to Have Invested Total of $1.5B in China’s Ziroom, Beike
Softbank has invested $1.5 billion into a pair of Chinese property startups, as the Japanese venture capital firm takes a gamble on the mainland housing market.
In deals which closed in November last year, Softbank invested $1 billion into apartment… Read More>>
UOL, Frasers, JBE Win Singapore Housing Sites at Discounts
UOL Group, JBE Holdings and Frasers Property each won Singapore government residential land sales on Tuesday with bids as much as 4 percent below expectations, as the potential long-term impact of the coronavirus outbreak adds to developer concerns over the… Read More>>
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