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Softbank Leads $20M in Funding for Indonesian Co-Working Provider’s SE Asia Expansion

2018/06/05 by Greg Isaacson Leave a Comment

Indonesia’s largest co-working operator, EV Hive, has bagged $20 million in fresh funding from a roster of investors including an affiliate of Japan’s SoftBank Group, as Southeast Asia’s flexible space race continues to heat up.

The funds from the series… Read More>>

John-Lim-APREA

ARA Closes on Buy of $317M Stake in Cromwell Property, Raising AUM to $58B

2018/06/05 by Shawna Kwan Leave a Comment

ARA Asset Management has closed on its acquisition of a 19.5 percent stake in Australia’s Cromwell Property, boosting the Singapore-based company’s assets under management to S$77.2 billion ($57.7 billion).

The Singaporean asset manager implemented the deal by purchasing 86.5 million… Read More>>

CBRE Taps Cynthia Chu as Regional MD for Taiwan

2018/06/05 by Greg Isaacson Leave a Comment

CBRE has hired Cynthia Chu to lead its business in Taiwan as Regional Managing Director, effective August 1. Joining CBRE from rival brokerage Savills, where she headed the Taiwan office, Chu will be reporting to Ben Duncan, President of North… Read More>>

Jitu Virwani

WeWork India Said in Talks with Goldman, Warburg Pincus, GIC to Raise $200M

2018/06/03 by Greg Isaacson Leave a Comment

The Indian arm of US co-working giant WeWork is reported to be in early stage talks with investors including Goldman Sachs and Warburg Pincus to raise up to $200 million, a move that could boost WeWork India’s valuation to as… Read More>>

Pony Ma Tencent

Wanda and Tencent Reboot Retail Partnership With Smart Mall JV

2018/06/03 by Rafiaa Rumjahn Leave a Comment

Chinese Internet giant Tencent is making a second attempt to help Dalian Wanda Group take its shopping mall empire online, as the maker of China’s ubiquitous WeChat app renews a once-failed partnership with the commercial developer.

Under the terms of… Read More>>

Dairy Farm Road

Singapore Launches Tenders for Trio of Residential Plots Valued at $1B

2018/06/03 by Shawna Kwan Leave a Comment

The Singapore government has released three residential sites valued at a total of S$1.36 billion ($1 billion) on the same day, adding an estimated 1,880 homes to the city-state’s housing pipeline.

The three plots, located across the city on Dairy… Read More>>

Liu Chengcheng Kr Space

Alibaba-Backed Kr Space Said Seeking $200M to Fuel Expansion

2018/06/03 by Shawna Kwan Leave a Comment

Kr Space is said to be seeking to raise no less than $200 million in a new funding round, as the Beijing-based coworking space operator strives to give WeWork a run for its money in China.

Kr Space, the spinoff… Read More>>

Ben Keswick Hongkong Land

Hongkong Land, Shui On Said Vying For RMB 13.6B Site Near Shanghai’s Xintiandi

2018/05/31 by Shawna Kwan Leave a Comment

One of the highest profile early entrants to the Shanghai property market is facing off against the biggest landlord in Hong Kong’s Central district in the final bidding for a prime commercial site in Shanghai’s Huangpu district expected to sell… Read More>>

Justin O'Connor Savills IM

Savills Investment Management Looks to China’s Smaller Cities for Big Growth

2018/05/31 by Shawna Kwan Leave a Comment

Savills Investment Management is part of a UK property firm founded more than 150 years ago, so it may have given the market a surprise in January when the asset management arm of the London firm announced that its global… Read More>>

ESR president Charles de Portes

ESR Raises $1.2B for Japanese Warehouses, Ramping up Asian Growth Drive

2018/05/31 by Greg Isaacson Leave a Comment

Pan-Asian warehouse builder ESR has raised $1.2 billion of equity for new logistics projects in Japan, continuing a fundraising streak as the Hong Kong-based developer moves quickly to ramp up its portfolio across the region.

ESR, formerly known as e-Shang… Read More>>

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