Singapore-listed Mapletree Logistics Trust (MLT) will add to its collection of 125 logistics assets by acquiring Mapletree Logistics Hub Tsing Yi, a modern warehouse in Hong Kong, for HK$4.8 billion ($617.6 million). The REIT, which is managed by an… Read More>>
SoftBank, Vision Fund Pump $4.4B into WeWork for Asia Growth
New York-based WeWork is adding $3 billion to its war chest from Japan’s SoftBank Group and the SoftBank Vision Fund, as the world’s biggest co-working startup aims for dominance of the Asian market. The fresh infusion of capital comes on… Read More>>
GIC Buys $1.4B Stake in Indian Office Developer
Singaporean sovereign wealth fund GIC is making a major bet on Indian real estate by purchasing a stake in a unit of DLF, India’s most valuable real estate developer, for 89 billion rupees (around $1.4 billion).
Through the… Read More>>
URWork Raises $30M from Kunming Developer, Plans 30K SQM Project
URWork, the Beijing-based shared office unicorn, has flexed its fundraising muscles once again by completing a new funding round for RMB 200 million ($30 million) from KCC, a state-owned developer based in the city of Kunming.
The $1.3 billion startup… Read More>>
High Office Rentals in Hub Cities Help APAC Lead Flexible Office Growth
Asia Pacific leads the world in flexible office growth, as the conventional workspace defined by cubicles and corner offices increasingly falls out of favour. According to a recent survey, the number of flexible office locations in six Asia Pacific cities… Read More>>
CapitaLand Closes First Vietnam Commercial Real Estate Fund at $300M
Singapore’s CapitaLand has been building apartments in Vietnam for over two decades. Now the biggest developer in southeast Asia is flexing its muscles in the country’s commercial real estate market by closing its first commercial fund targetting the Vietnam market… Read More>>
Wanda Flips Newly Purchased $605M London Site to R&F, CC Land
Dalian Wanda Group today said that it no longer has possession of a £470 million London housing project, with sources familiar with the newly transferred property indicating that the Chinese developer has transferred the Nine Elms Square site to a… Read More>>
Anbang’s Head of Real Estate Steps Down Two Months After Boss Detained
After presiding over one of the world’s biggest strings of cross-border real estate transactions from 2015 to 2017, Anbang chairman Wu Xiaohui disappeared into detention in early June.
Now, some two months later the head of real estate for the… Read More>>
Ng Hsueh Ling Joins Lendlease as Singapore Managing Director
Australian property and infrastructure group Lendlease is ramping up its Asia leadership team by hiring Ng Hsueh Ling, former chief of Keppel REIT Management, as Managing Director for Singapore and Chief Investment Officer for Asia, the company has announced.
Ng,… Read More>>
China’s State Council Puts Outbound Real Estate Deals on Endangered List
China’s State Council issued new rules on Friday spelling out restrictions on overseas investments by Chinese entities, which specifically target transactions involving real estate, hotels and other areas where mainland companies have become dominant cross-border players over the past five… Read More>>
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