Asia Pacific real estate investment news and information
Victor Li Tzar-kuoi’s CK Asset Holdings is downsizing its Shanghai team by 30 percent, according to reports in the mainland press, which indicate that the Hong Kong-based developer stopped renewing contracts with local employees since February of this year.
The… Read More>>
With a fast-growing e-commerce sector driving demand for distribution space in mainland China, LaSalle Investment Management has expanded its efforts to acquire assets in the country’s warehouse sector by forming a $300 million joint venture with JD.com-backed developer China Logistics… Read More>>
Greenland Wuhan Center, designed to surpass the Shanghai Tower and become China’s tallest building, will be falling short of its planned 636 metres (2086 feet) height, after the local government prescribed a 21 percent reduction in height for the central… Read More>>
Venture capital-backed rental apartment provider Ziroom has pledged to roll out 80,000 units of rental housing in Beijing within the next three months, while agreeing to maintain current prices for the homes, after the capital’s housing authority this month that… Read More>>
Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent equity interest in its subsidiary Guangzhou Yuehui Property, which holds Yuexiu Fortune World Plaza in Guangzhou’s Liwan… Read More>>
GIC is acquiring a minority stake in Provenance Land, the developer of India’s first Four Seasons hotel, according to a statement on August 22nd by the Singaporean sovereign wealth fund.
Sources familiar with the deal, as cited in India’s Economic… Read More>>
Global Logistic Properties (GLP) has closed a pair of Europe-focussed funds totalling $4 billion, following the $50 billion warehouse giant’s first foray into the continent last year.
The Singapore-based firm set up the funds, GLP Europe Income Partners I (GLP… Read More>>
Italy’s Vailog is teaming up with China’s Tiandihui (天地汇) to form a RMB 5 billion ($730 million) logistics fund and establish a warehouse development joint venture. The two plan to work together to build out a network of distribution centres… Read More>>
Standard Chartered Bank has sold its Principal Finance Real Estate (PFRE) business in Asia to UK emerging markets investor Actis and is reported to be close to unloading its private equity business as well. The deals mark an end to… Read More>>
Cash-strapped HNA Group is said to be in talks to sell a Manhattan office building for $452 million — taking a haircut on its remaining New York real estate asset — after the US government reportedly ordered the Chinese firm… Read More>>
