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UEM Sunrise CEO Sufian Abdullah

UEM Sunrise Selling Malaysia Data Centre Plots for $30M, Deal Linked to Singtel

2024/06/12 by Christopher Caillavet Leave a Comment

UEM Sunrise has agreed to sell two parcels of land in Johor state to a “global data centre player” for MYR 144.9 million ($30.7 million), the Malaysian developer said Tuesday.

Located in Iskandar Puteri’s East Ledang township west of Johor… Read More>>

Janice Yau Garton, Stephenson Harwood

China Logistics Projects Achieving 7% Development Yields as Costs Fall 30%: MTD TV

2024/06/12 by Kevin He Leave a Comment

Land and construction prices in China are dropping at the same time that the evolution of the country’s e-commerce market is continuing to drive demand for warehouse space and a developing REIT sector is attracting more capital, according to… Read More>>

Brian Kingston, CEO of Brookfield’s real estate business

Brookfield Confirms $300M Deal to Sell Conrad Seoul to ARA Korea

2024/06/11 by Christopher Caillavet Leave a Comment

Brookfield Asset Management announced that it has agreed to sell the Conrad hotel in Seoul to ARA Asset Management’s Korean unit for $300 million, confirming last week’s Mingtiandi report on the transaction.

ARA Korea, through private equity arm ARA Korea… Read More>>

Kurt Wilkinson, founding partner of Arrow Capital Partners

Starwood-Arrow Capital JV Offloads Aussie Logistics Assets for $110M

2024/06/11 by Kevin He Leave a Comment

A joint venture between an affiliate of Starwood Capital and Sydney-based Arrow Capital Partners has divested a portfolio of seven logistics properties near Sydney and Melbourne for A$166.8 million ($110 million), after average prime net face rents of Australian industrial… Read More>>

Adrian Low of Fosun Hive Capital Management

Fosun Hive, Idera Launch Japan Logistics JV With Osaka Cold Chain Buy

2024/06/11 by Christopher Caillavet Leave a Comment

Fosun Hive Capital Management has set up a joint venture with sister firm Idera Capital Management for the forward purchase of a cold storage logistics project in Greater Osaka.

The investment is the first in a pipeline of Osaka and… Read More>>

Tim Blackburn of Swire Properties

Swire, China Life Fund Buying Sino-Ocean Stake in Beijing Commercial Project for $552M

2024/06/10 by Kevin He Leave a Comment

Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>

Luke Li, ESR China

ESR, Gaw and Stephenson Harwood Lead MTD TV Logistics Forum This Week

2024/06/10 by Michael Cole Leave a Comment

Mingtiandi’s fifth annual logistics forum kicks off this week on MTD TV with panels on the China, Japan and Korea markets featuring speakers from some of the region’s top developers, warehouse operators and expert advisors.

The programme, which is sponsored… Read More>>

Far East Shopping Centre

Owners Reject Bid for Far East Shopping Centre on Singapore’s Orchard Road

2024/06/09 by Christopher Caillavet Leave a Comment

For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last hurdle, with owners rejecting an offer of roughly S$880 million ($654.5 million) for the strata-title property on Singapore’s Orchard… Read More>>

Adebayo Ogunlesi GIP

KKR, BlackRock-Backed GIP Launch Coalition to Boost Indo-Pacific Infrastructure

2024/06/07 by Christopher Caillavet Leave a Comment

KKR and Global Infrastructure Partners on Thursday announced the creation of a coalition to promote infrastructure investment in emerging-market economies of the Indo-Pacific Economic Framework, with the two US companies to serve as co-chairs of the initiative.

A brainchild of… Read More>>

Truong My Lan

Vietnam to Prosecute Van Thinh Phat Boss Truong My Lan for Laundering $17.5B

2024/06/06 by Kevin He Leave a Comment

Vietnamese authorities are seeking to prosecute Truong My Lan for money laundering, two months after the convicted boss of Ho Chi Minh City-based developer Van Thinh Phat Group was handed the death penalty for orchestrating an embezzlement scheme that led… Read More>>

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MTD TV

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