Nearly two years after Gaw Capital led an investment consortium that acquired Hong Kong’s Intercontinental Hotel for $938 million, Pioneer Global Group, which is controlled by the city’s Gaw family, has agreed to invest $118.4 million to acquire an additional… Read More>>
China’s Economy at Increased Risk from a Property Downturn Says Moody’s
Moody’s Investors Service has concluded that China’s economy is at increased risk in the event of a property downturn, and that Chinese authorities are running out of options for mitigating the effects of a slump through fiscal and monetary policies.
Keppel Land Opens Doors on $118.5 Mil Myanmar Office JV
Myanmar’s growing corporate community gained a new home on Friday when Junction City Tower, a $118.5 million office project invested by Singapore’s Keppel Land opened its doors for tenants in Yangon.
The 23-storey grade-A office project is a joint venture… Read More>>
China’s Aqualand Takes Aim at $128 Mil Office Tower for Latest Sydney Deal
Continuing on its North Sydney spending spree, Chinese-backed developer Aqualand is said to have entered into a conditional agreement to buy the 19-storey Fujitsu Centre from local developer Denwol Group for around A$168 million ($128 million), pending the government-owned RailCorp’s… Read More>>
Raffles City HCMC Could Be on the Way as CapitaLand Plans Vietnam Expansion
Singapore’s CapitaLand continues to ramp up its Vietnam presence as the city-state’s biggest developer suggested that it would consider building one of its Raffles City commercial projects in Ho Chi Minh City.
The signature development comes as part of a… Read More>>
Shimao, Starwood to Launch $200M China Hotel JV
Private equity superstar Barry Sternlicht’s Starwood Capital Group and Chinese developer Shimao Property Holdings are planning a $200 million China hotel joint venture, according to a conversation between Shimao executives and industry analysts this week.
Shimao will own a 51… Read More>>
Fosun CEO Liang Xinjun Steps Down Amid Reports of Discord
Fosun CEO Liang Xinjun is leaving the company he co-founded more than 25 years ago with four of his school buddies, as revealed by an unexpected announcement in Hong Kong today by Guo Guangchang, the billionaire chairman of the Shanghai-based… Read More>>
Benoy Appoints Darren Cartlidge as Regional Operations Director
Global design firm Benoy announced today that it has appointed Darren Cartlidge as its Regional Operations Director based in Hong Kong, giving the 20 year industry veteran responsibility for projects in China, Southeast Asia and the other Australasia for the… Read More>>
CIC, GLP and Mapletree Compete for Blackstone’s $14.1B in European Warehouses
Over the last two years, US private equity giant Blackstone has already sold more than $17 billion in US properties to Asian investors. Now America’s biggest landlord is putting €13 billion ($14.1 billion) in European warehouses on the block, and… Read More>>
Ping An Finance Center Now China’s Second Tallest
Ping An Finance Center, a 599-metre (1965-foot) skyscraper in Shenzhen is now officially China’s second tallest building. The Kohn Pedersen Fox-designed megatall in the city’s Futian district now ranks just behind the 632-metre Shanghai Tower among the mainland’s loftiest erections,… Read More>>
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