In today’s roundup of regional news headlines, Indian giant Embassy Group invests in one of UK-based Pi Labs’ proptech funds, a home on Hong Kong’s Peak reportedly sets a fresh record for monthly rent, and Canadian asset manager Brookfield may… Read More>>
Blackstone Buys Warburg’s Embassy Industrial Parks India JV
Blackstone has completed its long-anticipated acquisition of Embassy Industrial Parks, gaining a portfolio with 10.6 million square feet (984,772 square metres) of Grade A logistics and warehouse assets near major cities in India.
Funds managed by the US… Read More>>
Ivanhoe Cambridge, Embassy Group Launch $500M Indian Office Platform
Indian developer Embassy Group and Ivanhoe Cambridge, a real estate investment arm of Canada’s second-largest pension fund, have launched a platform to fund acquisition and development of sustainable, office-led business parks in key urban centres of India.
Embassy will lead… Read More>>
Blackstone Said Buying Warburg Pincus India Logistics JV for $700M
Already India’s largest office landlord, Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture, according to local news reports.
Having acquired more than 1… Read More>>
Alibaba Fund, Swire Invest in HK Logistics Startup and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, delivery platform Pickupp receives financing from venture funds tied to Alibaba and Swire, PropertyGuru snaps up a Malaysian property data firm, and a Japanese developer and its media company partner agree to buy… Read More>>
Vanke Sues US Partner Over Struggling NYC Project and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, a legal dispute between Chinese developer Vanke and its New York-based partner heats up, JD.com’s logistics arm reportedly mulls an IPO targeting a $40 billion valuation, and the Delhi High Court… Read More>>
Blackstone India JV to Sell Business Park for $1.3B and More Asia Real Estate Headlines
In today’s batch of regional news headlines, India’s Embassy REIT agrees to buy business park assets from a Blackstone-led joint venture, property services firm Sunac eyes a $1 billion capital raise from its Hong Kong IPO, and department store chain… Read More>>
Evergrande Says $1B Share Sale Falls $445M Short and More Asia Real Estate Headlines
The ongoing financial adventures of China’s most indebted developer lead the news again today as China Evergrande’s plan to raise $1 billion through a share sale comes up about $445 million short.
India’s largest developer also gets some press today… Read More>>
Evergrande Shares Plunge as Income Drops 46% and More Asia Real Estate Headlines
Soon after announcing a spin-off plan that could bring in $3 billion, China Evergrande Real Estate released a profit warning on Monday that could keep the finances of the indebted developer on edge after net income dropped to just RMB… Read More>>
Swire Properties Profit Falls 90% on Valuation Slide and More Asia Real Estate Headlines
Damage from the coronavirus pandemic continued to show up in the earnings of Asia’s top developers today as Hong Kong-listed Swire Properties reported a 90 percent drop in profit during the first six months of 2020.
Also… Read More>>