Mainland China’s beleaguered housing market leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the market braces for worse to come after home sales plunged 90 percent in the first week of February compared with the… Read More>>
Korea’s NH Investment, Shinhan Lead €480M Buy of Helsinki’s Biggest Office Building
Some of South Korea’s best-known investors have trekked across the North Pole to find partners for the largest ever single-asset office investment in Finland’s history.
A pair of Korean brokerages – NH Investment & Securities and Shinhan Investment Corp –… Read More>>
GIC Acquiring $1.1B European Logistics Portfolio From Apollo Global Management
Singapore’s sovereign wealth fund GIC is ramping up its European logistics platform by agreeing to acquire a collection of 28 distribution facilities from Apollo Global Management for about €950 million ($1.1 billion). GIC said that it will integrate the Maximus… Read More>>
Hong Kong JV Buys Fairmont St Andrews and More Asia Real Estate Headlines
Golf leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a Hong Kong joint venture has purchased a company that holds two golf courses and a hotel in Scotland’s St Andrews.
In other… Read More>>
Hana Financial Teams Up to Buy Vienna Hilton for €370M
Munich-based Wealthcore Investment Management has joined forces with a consortium of Korean investors including Hana Financial Investment to acquire the Hilton Parkview hotel in Vienna for €370 million ($414 million), according to an announcement by the German firm.
Wealthcore and… Read More>>
Guangzhou R&F Heir Buying $75M Bel Air Home Online and More Asia Real Estate Headlines
A US megamansion leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the son of one of the co-chairmen of developer Guangzhou R&F is said to have offered $75 million, via the Zillow… Read More>>
GIC, Equinix and Lendlease Announce $2B in Data Centre Ventures in Two Days
Cloud providers like Google, Microsoft and Alibaba, which house armies of servers in huge bit barns, demonstrated their appeal to real estate investors in Asia Pacific again this week, with two $1 billion data centre partnerships announced in two days.
HNA-Backed HK Airlines May Axe More Flights and More Asia Real Estate Headlines
HNA’s increasingly turbulent flight path leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news of trouble in the cockpit as long-haul flights at Hong Kong Airlines may be axed, while bounteous fund raising by mainland… Read More>>
GIC Takes 25% Stake in €2B European Hotel Group CitizenM
Singaporean sovereign wealth fund GIC announced last week that it had secured a 25 percent stake in the €2 billion ($2.25 billion) European hotel owner-operator citizenM.
The investment makes GIC the third prong in a trio of shareholders now in… Read More>>
CEFC Europe Deals Hit the Wall as Investment Firm Defaults on $327M in Bonds
One of China’s most troubled cross-border investors became the mainland’s latest default story this month as a unit of China CEFC Energy informed the Shanghai stock exchange that it had failed to fulfill obligations for bond payments totalling RMB 2.09… Read More>>