Asia Pacific real estate investment news and information
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>>
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 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 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>>
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>>
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 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>>
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>>
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>>
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>>
