In today’s roundup of regional news headlines, Bank of America files a motion to dismiss the bankruptcy cases of Eagle Hospitality Trust entities, Singapore’s Perennial Holdings and partners win a bid to develop an HSR-adjacent plot in Hangzhou, and Hong… Read More>>
Eagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT Collapses
Eagle Hospitality Trust took another step towards liquidation today as the Singapore-listed REIT revealed that 27 entities within its portfolio have filed for bankruptcy in the US.
In a filing to the SGX, DBS Trustee, which is looking after the… Read More>>
Trio of Eagle Hospitality Trust Directors Resign and More Asia Real Estate Headlines
Leading today’s roundup of Asia real estate happenings is more bad news for a Singapore-listed hotel trust, which has just lost three of its remaining six directors, according to an announcement to the stock exchange today.
Also,… Read More>>
China Caps Bank Lending to Developers and More Asia Real Estate Headlines
Mainland China took another step today to clamp down on credit to real estate developers as the central government rolled out set limits on bank lending to the industry.
Also in the news, unitholders in Singapore’s troubled… Read More>>
Ascendas REIT Buying Brisbane Warehouse for A$70M and More Asia Real Estate Headlines
In this edition of our news roundup, Ascendas REIT sets its sights on an Australian logistics property as its next holding, Keppel Land prepares to divest itself of a London office building, and Swire announces a collaboration with Sino-Ocean on… Read More>>
FCT to Divest Singapore Shopping Centre for S$110M and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, a Singaporean trust prepares to sell a shopping centre for S$110 million, GLP forms a China fund to buy Shanghai port assets, and McDonald’s breaks ground on an industrial park in… Read More>>
DBS Selects SC Capital as Replacement Manager of Troubled SG Hotel Trust
Singapore’s primary finance regulator today ordered the removal of the manager of Eagle Hospitality Trust in a measure aimed at remedying the woes of the troubled hotel REIT.
The judgement by the Monetary Authority of Singapore (MAS) had been expected… Read More>>
Singapore’s Eagle Hospitality Trust Defaults on Texas Hotel Loans
The manager of Eagle Hospitality Trust delivered some scary news to shareholders just before Halloween, revealing to the Singapore stock exchange on Friday that it had received notices of default on loans linked to two of the properties in its… Read More>>
Henderson Secures Site in HK’s Central for HK$234M and More Asia Real Estate Headlines
One of Hong Kong’s largest developers leads today’s roundup, with Henderson Land having a acquired a site in Central district with plans to develop a 20-storey residential tower on the site.
Also in the news, GIC-owned logistics platform P3 has… Read More>>
Singapore Ready to Remove Manager of Hotel REIT After Legal Breaches
The Monetary Authority of Singapore has seen enough of the ongoing saga of Eagle Hospitality Trust, with the country’s central bank saying on Monday that it aims to remove the manager of the hotel REIT.
In an announcement on its… Read More>>