ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the company said on Wednesday, despite rising interest rates and a slower market for asset sales.
“Despite a… Read More>>
Asia real estate and outbound investment news
ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the company said on Wednesday, despite rising interest rates and a slower market for asset sales.
“Despite a… Read More>>
CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s Hospital Authority for its Harbourside HQ project in Kowloon Bay, with the administrator of Hong Kong’s government hospitals and health… Read More>>
China Evergrande has completed an internal review of its internal controls and procedures, along with issues raised by its former auditor over a $2 billion loan scheme, with the defaulted developer stating that the changes being made will satisfy listing… Read More>>
Henderson Land Development posted a 25 percent year-on-year jump in six-month net profit to HK$5.96 billion ($760 million), but the blue-chip builder’s revenue from Hong Kong property development remained flat as the city’s real estate market slumped in the second… Read More>>
PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year as Singapore firm retreats from a Southeast Asian expansion that has generated three years of red ink.
In a statement… Read More>>
Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.
The claim by Multiplex Constructions… Read More>>
ESR has established its largest-ever onshore income fund in China, launching with a total investment capacity of RMB 10 billion ($1.4 billion).
The Hong Kong-listed industrial giant is partnering with one of China’s leading insurance firms on the fund, which… Read More>>
Longfor Group Holdings said its first-half core profit rose 0.6 percent year-on-year to RMB 6.6 billion ($910 million), as one of China’s biggest developers escaped the first half with a profit, thanks to a strong first quarter.
While revenue fell… Read More>>
Industrial giant ESR has begun construction of a warehouse complex northwest of Osaka, billing the project as Japan’s largest-ever logistics park with a planned gross floor area of 750,000 square metres (8 million square feet).
Located 30 minutes from Osaka… Read More>>
China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations of rules regarding disclosure of financial information, with the embattled property developer later that day saying it will delay a scheduled… Read More>>