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GIC, Frasers Property Invest $177M in JustCo’s SE Asia Co-Working Push

2018/05/16 by Greg Isaacson Leave a Comment

Singaporean sovereign wealth fund GIC and Frasers Property Limited are teaming up with Singapore-based flexible officer operator JustCo to invest $177 million in building a co-working platform across Southeast Asia.

JustCo, which has spaces open or upcoming in Singapore, Indonesia… Read More>>

Evergrande Takes Over $2B Commercial Project in Shanghai’s Hongqiao Area

2018/05/16 by Shawna Kwan Leave a Comment

China Evergrande, the country’s second-biggest developer by sales, is reported to have taken over a stalled RMB 13 billion ($2 billion) commercial project near the Shanghai Hongqiao International Airport.

Evergrande is now the owner of the project, Hongyuan Shengshi International… Read More>>

Vincent Lo Shui On

Shui On Completes $701M Sale of Dalian Tiandi to Yida China

2018/05/16 by Shawna Kwan Leave a Comment

Vincent Lo’s Shui On Group has closed on the RMB 4.65 billion ($701 million) sale of its Dalian Tiandi mixed-use project to Chinese business park builder Yida China Holdings, six months after the transaction was first announced.

Completion of the… Read More>>

raymond-kwok shk

Sun Hung Kai Buys Kai Tak Site For $3.2B in Hong Kong’s Biggest Recorded Land Sale

2018/05/15 by Shawna Kwan Leave a Comment

Sun Hung Kai Properties has agreed to pay the largest sum ever at a government land sale in one of the world’s most expensive real estate markets when the listed real estate developer won a government tender for a residential… Read More>>

Zhenhui Wang jd logistics tb

JD.Com Invests $306M in Logistics Developer ESR

2018/05/15 by Michael Cole Leave a Comment

Shanghai-based logistics developer ESR today announced that a subsidiary of JD.com, China’s second-largest ecommerce player, is investing $306 million into the regional warehouse builder.

The logistics investment by the $53 billion high tech retailer provides a boost both for the… Read More>>

Hanison and Angelo Gordon Sell Sheung Wan Building to Hugo Lam for HK$1.1B

2018/05/15 by Shawna Kwan 2 Comments

Hanison Construction and Angelo Gordon have sold a commercial building in Sheung Wan to a joint venture between mainland investor Hugo Lam and Hong Kong-listed Asia Cassava Resources for HK$1.1 billion ($140 million).

The acquisition by the joint venture provides… Read More>>

Ascendas India Trust Inks $139M Deal for Mumbai-Area Tech Park Projects

2018/05/15 by Greg Isaacson Leave a Comment

Ascendas India Trust is making its maiden tech park investment in the rising corporate hub of Navi Mumbai, by agreeing to buy up two buildings under development in a deal worth up to S$186 million ($139 million).

The Singapore-listed property… Read More>>

Ming Mei GLP THUMB

GLP Unveils $1.6B China Logistics Tech PE Fund

2018/05/12 by Greg Isaacson Leave a Comment

Asia’s largest warehouse developer Global Logistic Properties, better known as GLP, has set up a RMB 10 billion ($1.6 billion) private equity fund in China to invest in logistics-related businesses, the company’s first fund targeting assets beyond real estate.

The… Read More>>

Universal Studios Doubles Budget for Beijing Theme Park JV to $6.5B

2018/05/12 by Mingtiandi Team Leave a Comment

The investors behind Universal Beijing Resort are said to be doubling down on the upcoming 300-acre theme park in the Chinese capital, with plans to invest $6.5 billion by its 2021 opening date.

The project initially had a budget of… Read More>>

Guo Shuqing CBIRC

Shanghai Existing Home Sales Fell 22% in April Amid Credit Clampdown

2018/05/12 by Shawna Kwan Leave a Comment

Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.

The city saw some 13,550… Read More>>

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