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Philip Levinson to Step Down as CEO of Cromwell EREIT Management

2018/06/21 by Greg Isaacson Leave a Comment

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>>

Teri Tsang

Benoy Names New Director for Hong Kong Studio

2018/06/21 by Michael Cole Leave a Comment

Global design firm Benoy has promoted Teri Tsang, an eleven-year veteran of their team, to Director in their Hong Kong studio. The new role comes after Tsang led design teams for some of the company’s biggest projects in Hong Kong,… Read More>>

Jitendra Virwani

Blackstone, Embassy Prepare for $1B IPO of India’s First REIT

2018/06/20 by Benjamin Cole Leave a Comment

Private equity giant Blackstone and Bangalore’s Embassy Group are getting ready to list India’s first real estate investment trust as they target a $1 billion September IPO for a joint venture business park porfolio.

The New York-based investment group and… Read More>>

Kunihiko Okumura LaSalle

LaSalle Takes $1.2B Asia Fund to Disneyland for Tokyo-Area Hotel Buy

2018/06/20 by Richard Meyer Leave a Comment

LaSalle’s latest Asia opportunity fund has acquired a hotel near Tokyo Disneyland. The real estate investment group announced the investment in the 216 room, eight-storey asset as an opportunity to profit from a Japanese tourism boom as inbound traveller numbers… Read More>>

Colliers Boosts Japan Team with Senior Valuation, PM Hires

2018/06/20 by Greg Isaacson Leave a Comment

Global property brokerage Colliers International is beefing up its valuation and project management capabilities in Japan with a pair of senior hires. The Toronto-headquartered firm has appointed Masahiro Fuse to lead its Valuation & Advisory Services team in Japan, while… Read More>>

Chua Thian Poh Ho Bee

Singapore’s Ho Bee Land Buys London Office Block for £650M

2018/06/19 by Richard Meyer Leave a Comment

Singapore’s Ho Bee Land has agreed to acquire a property in London that increases its already sizeable holdings in the European financial capital by about 50 percent.

The £650 million ($864 million) acquisition of Ropemaker Place, a 21-storey office building,… Read More>>

CapitaLand Hires Apollo’s Caleb Shen to Boost Fund Management Business: Exclusive

2018/06/19 by Richard Meyer Leave a Comment

The fund management division of Southeast Asia’s largest real estate firm continues to build up its team, with CapitaLand Investment Management (CLIM) having added a former Apollo Global Management partner to its leadership this week, according to an internal memo… Read More>>

Tan Juay Hiang, CEO of Ascendas Hospitality Trust

Ascendas Hospitality Trust Grabs Trio of Osaka Hotels for $102M

2018/06/19 by Greg Isaacson Leave a Comment

Singapore-listed Ascendas Hospitality Trust has struck a deal to buy three newly built hotels in Osaka for a total price of about 11.24 billion yen ($101.6 million), amid a surge of overseas tourist arrivals in Japan’s third-largest city.

The acquisition… Read More>>

Merlin Swire

Swire Properties Sells HK Office Towers to Mainland Tycoon for HK$15B

2018/06/18 by Shawna Kwan 1 Comment

Swire Properties has agreed to sell a pair of office buildings in Hong Kong’s Quarry Bay area to a little-known mainland investor for HK$15 billion ($1.9 billion), according to an announcement by the company on Friday to the Hong Kong… Read More>>

Cheung Chung Kiu CC Land

CC Land, CSI, Asia Standard Said to Buy Nan Fung’s Octa Tower for HK$8B

2018/06/14 by Shawna Kwan Leave a Comment

The chairman of mainland developer CC Land has reportedly teamed up with Hong Kong’s CSI Properties and Asia Standard International Group (ASI) to purchase Nan Fung’s Octa Tower in Kowloon Bay for HK$8 billion ($1 billion).

The mainland-Hong Kong consortium’s… Read More>>

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