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10 Black's Link

Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion

2023/03/12 by Beatrice Laforga Leave a Comment

Evergrande boss Xu Jiayin still holds the reins of what was once China’s biggest builder, but his pile of assets is getting whittled down with an HK$880 million ($112.1 million) mansion formerly held by the developer said to be nearing… Read More>>

Sachin Doshi, Founder & Group CEO, Weave Living

Rental Housing Operator Weave Opens First Location in Singapore 

2023/03/09 by Beatrice Laforga 1 Comment

Weave Living opened its first location in Singapore this week with the facility in Kampong Glam half leased at rents exceeding expectations, Sachin Doshi, founder and chief executive of the Hong Kong-based startup told Mingtiandi on Thursday.

The Warburg Pincus-backed… Read More>>

St Katharine Docks London

CDL Completes $468M Buy of London Mixed-Use Complex From Blackstone

2023/03/09 by Christopher Caillavet Leave a Comment

Singapore’s City Developments Ltd has completed its purchase of the St Katharine Docks complex in central London from funds advised by Blackstone for £395 million ($468.2 million).

The property spans more than 500,000 square feet (46,450 square metres) of office,… Read More>>

Kunihiko Okumura LaSalle

LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund

2023/03/08 by Christopher Caillavet Leave a Comment

LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as Japan CEO at the fund management unit of JLL.

In addition, Itaru Nogami will replace Ryota Morioka as fund manager of the firm’s… Read More>>

Sachin Doshi, Founder & Group CEO, Weave Living

Warburg Pincus, Weave Lead Off Mingtiandi Residential Forum on Tuesday

2023/03/08 by Michael Cole Leave a Comment

One of Asia’s hottest real estate investment sectors comes into focus starting next week as Mingtiandi begins its APAC Residential Forum with an interview of top executives from Warburg Pincus and Hong Kong’s Weave Living.

The spotlight interview session brings… Read More>>

ARA Sells Half Stake in Singapore’s Lazada One to Sumitomo Mitsui-Backed Fund for $269M

2023/03/07 by Beatrice Laforga Leave a Comment

ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362.4 million ($269.3 million), Mingtiandi has learned.

A fund managed by… Read More>>

Richard van Den Berg

M&G Completes $248M Purchase of Four Singapore Auto Facilities From Cycle & Carriage 

2023/03/07 by Beatrice Laforga Leave a Comment

M&G Real Estate has completed its purchase of four car showrooms in Singapore from auto distributor Jardine Cycle & Carriage (JC&C) for a combined S$333 million ($248 million), in the city-state’s largest industrial deal in nearly four years.

“The attraction… Read More>>

Nearly Half of Singapore Condo Project Sold on Launch Day

2023/03/06 by Beatrice Laforga Leave a Comment

Sim Lian Group sold nearly half of a 386-unit condo project in Singapore’s Bukit Panjang area on its launch day this past weekend, as residents and investors continued to show an appetite for new homes in the city-state.

Despite rising… Read More>>

Chang Rui Hua ESR

ESR Gets Green Light from Hong Kong Exchange for Proposed Logistics C-REIT

2023/03/06 by Greg Isaacson Leave a Comment

The Stock Exchange of Hong Kong has approved ESR’s proposed spin-off of three mainland logistics projects and their potential listing through a China REIT on the Shanghai Stock Exchange, marking a step forward in the planned transaction as the recently… Read More>>

Ben Keswick Hongkong Land

Hongkong Land Says 2022 Underlying Profit Fell 20% on Mainland China Troubles

2023/03/05 by Christopher Caillavet Leave a Comment

Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on declining contributions from residential projects in mainland China.

According to Hongkong Land’s preliminary results issued Thursday, the group’s profit attributable to shareholders… Read More>>

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