China’s top two property developers are going in different directions with Country Garden seeing its future in small cities and counties while Evergrande is increasing its investment in the electric car market. Meanwhile Club Med is planning to open a… Read More>>
KKR Invests $102M in Embassy Group’s Latest India Office Project
Private equity giant KKR this week announced an INR 7.25 billion ($102.5 million) investment a premium office complex by Bangalore-based developer Embassy Group in the Indian firm’s tech-driven home town.
KKR is backing an Embassy project to develop one million… Read More>>
Warburg-Embassy Industrial JV Buys Bengaluru Site and More Asia Real Estate Headlines
India’s industrial real estate market continues to draw interest from international private equity players as a joint venture between Warburg Pincus and one of South Asia’s largest developers picks up a site in Bengaluru. Singapore also gets some headlines today… Read More>>
WeWork May Pay $1B to Buy Out India JV Partner and More Asia Real Estate Headlines
Shared space giant The We Company brought in $2 billion in fresh cash this week, but already $1 billion of that may be on its way out the door, as the New York-based firm formerly known as WeWork seeks to… Read More>>
Mainland Gaming Firms Lease 30% of New Manila Office Space and More Asia Real Estate Headlines
Any property investment has an element of risk, but games of chance appear to have become a primary driver of Manila’s real estate market, as China’s gambling fans take up nearly a third of the Filipino capital’s new office space… Read More>>
India’s 100 Richest Property Tycoons Worth 4% More than China Evergrande’s Xu Jiayin
India’s 100 richest real estate tycoons combined have more wealth than China’s richest property baron, China Evergrande Group chairman Xu Jiayin, but not by much.
A recent survey of India’s wealthiest property industry players finds that a set of one… Read More>>
Survey Shows 22% of Mainland Homes Unoccupied and More Asia Real Estate Headlines
At the top of today’s real estate news from around the region, while China’s leaders seem determined to stamp out housing speculation, that sentiment seems to have had little impact on the country’s world-leading supply of empty homes. Further south,… Read More>>
Blackstone Kicks Off $722M IPO for India’s First REIT
India’s first real estate investment trust – the Blackstone-sponsored Embassy Office Parks REIT – kicked off its IPO on Monday with the manager filing draft documents with the regulator.
The country’s maiden REIT will debut some four years after the… Read More>>
IKEA Opens First India Store in Hyderabad and More Asia Real Estate Headlines
India looms large in the region’s real estate world today as the subcontinent gets its first IKEA shop, and one of the country’s biggest landlords unveils a 1.1 million square metre lease just before it launches India’s first REIT with… Read More>>
Blackstone Boosts Asset Portfolio in Run-Up to $1B India REIT IPO
Blackstone is transferring more investments into India’s first real estate investment trust just ahead of the proposed initial offering. The US investment giant’s local partner in the pioneering real estate deal, Embassy Group, is said to also be tweaking its… Read More>>
