APG Asset Management has hired Graeme Torre as Head of Private Real Estate, Asia Pacific, based in Hong Kong. Torre also now serves on the board of APG Investments Asia Limited and APG Asset Management’s global real estate management team,… Read More>>
Colliers Names Richard Raymundo to Head Philippine Operation
Global property brokerage Colliers International is turning to new leadership in a key Southeast Asia market, by appointing Richard Raymundo as managing director for the Philippines, effective January 1.
Raymundo succeeds David Young, who has headed the company’s business in… Read More>>
Singapore’s GIC Puts Brisbane Back on Map with $281M Office Tower Deal
Singaporean sovereign wealth fund GIC has taken on Brisbane’s biggest office deal of the year by purchasing a downtown office tower for A$370 million ($281 million) in the northern Australian city.
GIC, which has an estimated $359 billion in assets… Read More>>
Wanda Hotel Unit Changes Hands for $470M Amid Restructuring Drive
Chinese billionaire Wang Jianlin is continuing to restructure his commercial property empire, by personally purchasing a controlling stake in Dalian Wanda Group’s Hong Kong-listed hotel unit for HK$3.67 billion ($470 million).
Through the proposed transaction, a vehicle wholly owned by… Read More>>
BNP Paribas Takes 8 Floors in Taikoo Place as Multinationals Flee HK’s Central
BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay.
The company, which is the world’s sixth-largest… Read More>>
Evergrande Buys Jumbo Chongqing Project for $498M
Mainland homebuilder China Evergrande Group is doubling down on western China by buying a 320,000 square metre office, retail, and residential project in Chongqing as part of a RMB 3.29 billion ($498 million) deal. The transaction comes just over two… Read More>>
Phoenix Announces Sale of Pair of Hong Kong Properties for Combined $322M
Phoenix Property Investors seized the opportunity presented by Hong Kong’s surging real estate market by announcing the sale of a pair of properties in the city this week for a combined $322 million.
The two disposals by the private equity… Read More>>
Cushman & Wakefield Names New Global President, APAC CEO – and More
Cushman & Wakefield today promoted former EMEA chief John Forrester to the role of global president, giving the former DTZ Co-Chief Executive for EMEA day-to-day operational and management oversight of the firm’s four global regions of the Americas, EMEA, APAC, and… Read More>>
CapitaLand and CRCT Buy Guangzhou Mall for $511M
Singapore’s top developer continues to ramp up its retail presence in China, with CapitaLand Mall Asia and CapitaLand Retail China Trust (CRCT) partnering to buy a shopping mall in Guangzhou for RMB 3.36 billion ($511 million).
CRCT is taking a 51… Read More>>
GLP Shareholders Approve Ming Mei-Vanke Buyout and More Asia Real Estate Headlines
At the top of today’s news, GLP boss Ming Mei has crossed the last hurdle in his scheme to buy out the SG-listed warehouse builder with some help from China Vanke and some well-financed friends. Also getting some ink, prices… Read More>>
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