Asia Pacific real estate investment news and information
Blackstone’s net profit fell 21 percent in the second quarter from a year earlier, as underperformance in its real estate business weighed on the firm’s profitability.
The world’s largest alternative asset manager posted quarterly net profit of $948.4 million, sliding… Read More>>
Jeffrey Perlman, the former head of Asia Pacific real estate and current president at Warburg Pincus, has been promoted to chief executive of the US private equity giant.
Perlman is succeeding CEO Chip Kaye, who will shift to a co-chairman… Read More>>
The Singapore government on Thursday closed tenders for three residential development sites, with a closely watched parcel near Havelock MRT station drawing a top bid of S$730 million ($544.4 million) from billionaire Robert Kuok’s Allgreen Properties.
Known as Zion Road… Read More>>
ThaiBev, the SGX-listed beverage and food giant founded by Thai billionaire Charoen Sirivadhanabhakdi, has agreed to transfer its stake in Frasers Property to a private vehicle controlled by Sirivadhanabhakdi, as part of a proposed share swap intended to boost the… Read More>>
Seoul-based GH Partners has teamed with US operator Thrive on a joint venture to offer management services in South Korea’s senior living sector.
Thrive-GHP will initially focus exclusively on the active adult and independent living segments, enabling South Korean seniors… Read More>>
GuocoLand and Hong Leong Holdings have agreed to commit S$298.1 million ($222.5 million) to develop a northern Singapore residential site won by their joint venture earlier this year.
Malaysia’s GuocoLand, a unit of the Hong Kong-listed Guoco Group controlled by… Read More>>
Prime office rents in Shanghai plunged 9.9 percent in the second quarter from a year prior, according to a Knight Frank report released Wednesday, as vacancy continued to hover near two-decade highs amid sluggish leasing demand and a supply overhang.
A consortium led by Singapore-listed First Sponsor has completed the acquisition of Sydney’s City Tattersalls Club in a deal valued at A$24.7 million ($16.7 million), paving the way for the downtown property’s redevelopment into a 50-storey residential and hotel project.
JLL has promoted Anny Zhang to CEO for China, with the company veteran succeeding Bessie Lee in the top mainland role at the global real estate consultancy.
Based in Shanghai, Zhang takes the helm at the mainland China business on… Read More>>
A unit of Temasek has agreed to take a minority stake in Asia Pacific-focused private credit fund manager ADM Capital, as the Singaporean state-owned investment giant adds exposure to an asset class that has nearly doubled in size in the… Read More>>
