Asia real estate and outbound investment news
Global real estate consultancy JLL has teamed up with Australian developer Lendlease to launch Propell Asia, a Singapore-based startup accelerator designed to foster innovative technologies in the Asia Pacific property sector.
The proptech accelerator will select five early stage startups… Read More>>
Mainland China’s second-largest property developer by sales is buying a controlling stake in Jia Yueting’s Faraday Future for HK$6.75 billion ($860 million) as it takes on a commitment to invest some $2 billion in the flailing Los Angeles-based electric car startup.
Warburg Pincus-backed Nova Property Investment has joined forces with Hong Kong-based real estate investment manager InfraRed NF to acquire a Shanghai shopping centre for RMB 465 million ($73.8 million) as the real estate development startup continues to build up its… Read More>>
Wanda Group is planning to consolidate its Chinese film assets, in the latest move by billionaire tycoon Wang Jianlin to reshuffle his property-and-entertainment empire.
Shenzhen-listed Wanda Film Holding, the group’s movie theatre developer, announced in a notice to the stock… Read More>>
The Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) has announced a flurry of changes to its management board, with leaders from some of the world’s biggest investors taking new seats at the non-profit.
ANREV has appointed James… Read More>>
A Chinese government-controlled fund now owns New York’s Waldorf Astoria hotel, as mainland regulators have officially nationalised the hotel’s purchaser, Anbang Insurance Group.
Nearly full ownership of Anbang has been transferred to the government-controlled China Insurance Security Fund, the China… Read More>>
Soho China, one of the largest office developers on the mainland, is aiming for a 2019 Hong Kong IPO for its co-working spinoff Soho 3Q, according to a statement by the company, as investor interest and occupier demand continues to… Read More>>
Singapore has closed a tender on one of the largest sites ever marketed by the government, with seven bids received for the commercial-residential property amid healthy sector interest and a spate of land sales.
The 3.73 hectare (9.19 acre) Sengkang… Read More>>
Cushman & Wakefield, the globe-straddling property brokerage and services giant, on June 20th filed for an initial public offering (IPO) with the US Securities and Exchange Commission, which could value the company at over $5 billion, according to sources cited… Read More>>
Philip Levinson will be stepping down as CEO of Cromwell EREIT Management, less than a year after taking the helm at the manager of Singapore-listed Cromwell European Real Estate Investment Trust.
The REIT manager announced that Levinson will resign on… Read More>>
