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Edmund Cheng Mapletree

Mapletree Buys Pair of UK Student Housing Properties for £96M 

2019/10/10 by James Hatton Leave a Comment

Mapletree Investments has completed the acquisition of a pair of purpose built student housing properties in the UK, as the Temasek unit strengthens its portfolio of university digs in the Brexit-challenged nation.

The Singapore-headquartered investor and developer is paying the… Read More>>

Frasers Property Singapore CEO Retires as Developer Shifts to Retail

2019/10/10 by Jan Kot Leave a Comment

The chief executive of developer Frasers Property Singapore will retire from the unit of Thai billionaire Charoen Sirivadhanabhakdi’s Frasers empire at the end of this year, according to an announcement to the Singapore stock exchange.

Christopher Tang, who will turn… Read More>>

GIC CEO Lim Chow Kiat

Singapore’s GIC, NYSE-Listed Summit Hotels Acquire Four US Hospitality Assets for $249M

2019/10/10 by Jan Kot Leave a Comment

Singapore’s sovereign wealth fund GIC has agreed to acquire four hotels along the west coast of the US for $249 million through a recently formed joint venture with Summit Hotel Properties, according to an announcement by the New York Stock… Read More>>

Weave CoLiving

Warburg Pincus-Backed Weave Opens Second Property as Co-Living Catches On in Hong Kong

2019/10/10 by James Hatton Leave a Comment

Warburg Pincus-backed Weave will throw open the doors to its second co-living space in Hong Kong next month as the two-year-old company races to keep ahead of a growing host of rivals aiming to provide millennial-friendly rental housing in the… Read More>>

Hoi Hup, Wong Swee Chun

Temasek JV Selling Andaz Singapore Hotel for Record S$475M

2019/10/09 by James Hatton Leave a Comment

Singapore-based Hoi Hup Realty has entered into a binding agreement to buy the Andaz Singapore hotel, according to a statement posted today on the developer’s website, in what ranks as the largest ever purchase of a single hotel asset in… Read More>>

Yoan Kamalski

Hmlet Teams Up with Mitsubishi Estate to Launch Japan Co-Living JV

2019/10/08 by James Hatton Leave a Comment

Co-living operator Hmlet opened for business in Japan this week through a newly formed joint venture with developer Mitsubishi Estate Company, according to an announcement from the Singapore-based firm.

The partners, which plan to open their first shared living facility… Read More>>

TPG, KKR-Backed PropertyGuru Seeks to Raise A$380M in Australian IPO 

2019/10/08 by James Hatton Leave a Comment

Southeast Asia property listings platform PropertyGuru has filed for an initial public offering that could value the media business at A$1.2 billion ($810 million), according to a prospectus lodged with the Australian Securities and Investment Commission this week.

The 12-year-old… Read More>>

kevin lee starwood

Starwood Capital Hires Lone Star Veteran to Head Asia Real Estate Business

2019/10/08 by Michael Cole Leave a Comment

Private equity investor Starwood Capital has brought on board a new lead executive for its property business in Asia, Mingtiandi has learned.

Kevin Lee, formerly a Managing Director with Lone Star Funds based in Tokyo, joined Starwood last month in… Read More>>

ritesh agarwal oyo

Softbank-backed Oyo Hotels Raising $1.5B to Expand into US, Europe

2019/10/07 by Michael Cole Leave a Comment

Indian hospitality group Oyo Hotels and Homes today announced that it is raising $1.5 billion to continue its expansion into the US, Europe and other global markets.

25-year-old Oyo founder Ritesh Agarwal is leading the financing round with support from… Read More>>

Rush Desai of Allianz

Blackstone Selling Japan Rental Apartment Portfolio to Allianz for €1.1B

2019/10/06 by James Hatton Leave a Comment

Blackstone has agreed to sell a portfolio of rental apartment properties in Japan to Allianz Real Estate for €1.1 billion ($1.2 billion), according to an announcement by the Paris and Munich-headquartered insurer.

Marking its entry into the Japanese residential market,… Read More>>

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