Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
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>>
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>>
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>>
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>>
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>>
The arrest last year of the chairman of one of China’s largest developers has led to further damage this week after one of the fallen bosses buddies was penalised for insider trading after learning that his friend was headed for… Read More>>
