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john lim ara

Warburg Pincus Boosts ARA Stake as China’s AVIC Bows Out

2020/05/26 by James Hatton Leave a Comment

Warburg Pincus is boosting its interest in ARA Asset Management to almost half of the company’s issued shares, in the first changes to the shareholding structure of the Singapore-based fund manager since it was taken private in 2017.

Through a… Read More>>

Rush desai allianz

Allianz Real Estate Opens Offices in Shanghai and Tokyo in APAC Expansion

2020/05/26 by James Hatton Leave a Comment

Allianz Real Estate, the property investment arm of the European insurance giant, opened offices in China and Japan this month as part of an Asia Pacific expansion drive which saw the company grow its portfolio in the region by 83… Read More>>

peng xinkuang sre group

China Minsheng Unit Offloading 51% Stake in Shanghai Project as Losses Mount

2020/05/26 by James Hatton Leave a Comment

SRE Group is seeking a buyer for its 51 percent stake in a mixed-use project in Shanghai, as the unit of China Minsheng Investment Group tries to stem escalating losses in the wake of an embezzlement scandal that saw its… Read More>>

tang shing bor

Hong Kong Shop King’s Try at HK$1.5B Sale Signals Shift to Senior Living

2020/05/25 by Stephanie Li Leave a Comment

Hong Kong’s “Shop King”, Tang Shing-bor, has put a portfolio of commercial and residential properties on the market for a combined HK$1.5 billion ($190 million), according to a local news report.

Property consultancy Savills, which is marketing the Kowloon and… Read More>>

Li Ka-shing

Top Hong Kong Developer Shares Fall More Than 5% as Beijing Preps Security Law  

2020/05/24 by James Hatton Leave a Comment

Stocks in Hong Kong’s major developers, including Sun Hung Kai, CK Asset and Wheelock, plunged on Friday on the news that Beijing is planning to impose controversial national security laws in Hong Kong.

After China’s central government on Thursday announced… Read More>>

adrian cheng

New World Selling Commercial Space in Central for HK$500M

2020/05/23 by Stephanie Li Leave a Comment

New World Development has agreed to sell the podium levels of the Cosco Tower in Hong Kong’s Sheung Wan area for 45 percent less than the property giant had been asking for the commercial property just three months ago, according… Read More>>

Samuel WT Chu and Benjamin KY Lee

Phoenix, Actis Consortium Sells Seoul Office Complex for KRW 546B

2020/05/21 by James Hatton Leave a Comment

A consortium comprising Hong Kong’s Phoenix Property Investors, UK-based fund manager Actis and South Korean developer SK D&D has sold a two-tower office complex in southwestern Seoul for KRW 545.8 billion ($449.2 million).

The tri-national team offloaded the Young City… Read More>>

Oxley boss Ching Chiat Kwong

Oxley Announces S$315M Offer for Chevron House Podium in Singapore

2020/05/21 by James Hatton Leave a Comment

Oxley Holdings has received an expression of interest from an anonymous suitor to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million), the company said this week, with the reported offer coming in 34… Read More>>

Charles Ma Greystar

Greystar Unveils First China Apartment Project in Shanghai

2020/05/20 by James Hatton Leave a Comment

Greystar Real Estate Partners has begun marketing its maiden project in China, as the US-based multi-family developer and operator notches another milestone in its Asia expansion.

Dubbed LIV’N 833, the upscale rental housing project is set to open in Shanghai… Read More>>

Lendlease Picks Former CapitaLand Exec as Investment MD in Singapore

2020/05/20 by James Hatton Leave a Comment

Gan Chong Min has joined Lendlease as managing director of investment management for Asia, as the Aussie property giant makes its third senior appointment in the region in as many months.

Gan has joined the ASX-listed company’s Singapore leadership team… Read More>>

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