Developer Shimao Property Holdings has chosen a designer for its planned 700 metre (2,296 foot) tall tower in Shenzhen’s Longgang district, with Chicago-based firm Adrian Smith + Gordon Gill Architecture announcing earlier this month that it had won a competition… Read More>>
IWG’s No18 to Open Upscale Co-Working Centre at Capitol Singapore in Q3
No18, the top-end stablemate of flexible office giant Regus, is set to open its first Asian location in the third quarter of this year, after leasing 20,600 square feet (1,913 square metres) near the island nation’s City Hall metro station.
AEW Opens Tokyo Office
AEW Capital Management has opened a new office in Tokyo, as it expands its Asia Pacific real estate investment business into Japan, according to a recent statement by the Boston-based fund manager.
The Tokyo outpost is led by Steve Bass,… Read More>>
Greenland, Oceanwide and Hazens Named in FBI Probe of LA Real Estate Deals
Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible bribery, kickbacks, extortion, and money laundering related to property deals in southern California’s largest city, according to a document seen… Read More>>
M&G Real Estate in $295M Singapore Business Park Deal with Surbana Jurong
M&G Real Estate has agreed to pay approximately S$400 million ($295 million) to forward fund an office building being developed by engineering and infrastructure consulting firm Surbana Jurong in Singapore, according to an announcement late this past week by the… Read More>>
WeWork Teams with Gemdale for Shenzhen Project and Adds New China Partner
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
Alpha Hits $1.1B Final Close on Alpha Asia Macro Trends Fund (AAMTF) III
Singaporean real estate private equity manager Alpha Investment Partners has announced the $1.1 billion final closing of its Alpha Asia Macro Trends Fund (AAMTF) III, its third pan-Asian value-add vehicle.
Having already invested in projects in Shanghai, Tokyo and Brisbane,… Read More>>
WeWork CEO Said Making Millions Leasing Buildings to WeWork
WeWork lost $723 million in the first half of 2018, but the company’s largest shareholder still found a way to profit from the shared office firm’s business of signing long-term leases with landlords and subleasing rooms, desks and sofas to… Read More>>
Singapore Love Hotel Magnate Buys Club Street Site for Record $415M
A hotel site in Singapore’s Chinatown area sold for a record price per square foot at a government land sale this week, according to an announcement by the Urban Redevelopment Authority, as investors continue to show confidence in the city’s… Read More>>
Chinese-Backed Data Centre Giant Aims for HK IPO at £9B Valuation
Just over two years after being acquired by a consortium of Chinese investors, UK data centre developer Global Switch is preparing for a stock market listing in Hong Kong later this year that could value it at more than £9… Read More>>
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