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Rushabh Desai, CEO, Varsity Group Asia Pacific

Rush Desai Teams With Scape Founders to Establish Fund Manager Varsity Group Asia

2023/02/24 by Christopher Caillavet Leave a Comment

Rushabh Desai, former Asia Pacific CEO of Allianz Real Estate, has joined forces with Stephen Gaitanos and Craig Carracher, the co-founders of rental housing developer Scape Australia, to launch Varsity Group Asia, a fund management business targeting high-growth alternative real… Read More>>

Google CEO Sundar Pichai Getty

Google Trims Space at Frasers’ Alexandra Technopark in Singapore Amid Layoffs

2023/02/24 by Greg Isaacson Leave a Comment

Google is surrendering a portion of its premises in Singapore’s Alexandra Technopark, the manager of the listed REIT that owns the property announced, as the California-based search giant shrinks its global office footprint.

Google Asia Pacific has exercised its contractual… Read More>>

Puah Tze Shyang CapitaLand

CapitaLand Launches China Opportunistic Strategy With $820M in Commitments

2023/02/23 by Christopher Caillavet Leave a Comment

One day after revealing a new China-focused data centre fund, Singapore’s CapitaLand Investment has announced the launch of a special situations strategy for China with a total of S$1.1 billion ($820 million) in committed equity.

The CapitaLand China Opportunistic Partners… Read More>>

GIC chief executive Lim Chow Kiat (Getty Images)

GIC, Centerbridge Clinch $868M Buyout of US Industrial REIT After Sweetening Deal

2023/02/23 by Beatrice Laforga Leave a Comment

Singapore’s GIC and US private equity firm Centerbridge Partners have agreed to take NASDAQ-listed INDUS Realty Trust private in a sweetened deal that values the American industrial REIT at $868 million.

Indus has entered into a definitive merger agreement under… Read More>>

truong-my-lan-dspl

Vietnam-Linked Eric Chu Sells Quarry Bay Site at 36% Off Following Wife’s Arrest

2023/02/22 by Beatrice Laforga Leave a Comment

A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46… Read More>>

Patrick Boocock

CapitaLand Sets Up China Data Centre Development Fund With $750M Beijing Plan

2023/02/22 by Christopher Caillavet Leave a Comment

Singapore’s CapitaLand Investment has established a China data centre development fund with plans to invest in two Greater Beijing hyperscale projects that are seen adding S$1 billion ($750 million) to the firm’s funds under management upon completion.

The equity committed… Read More>>

Paul-Chan-Budget-Speech

Hong Kong Cuts Tax for First-Time Buyers of Smaller Homes in Bid to Boost Market

2023/02/22 by Christopher Caillavet Leave a Comment

Hong Kong’s finance chief delivered the city’s budget in a speech on Wednesday, with the planning document introducing tax cuts for first-time buyers of small homes as the government tries to jump-start sales in the world’s least affordable housing market.

… Read More>>

Stan Tang

Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets

2023/02/21 by Mingtiandi Team Leave a Comment

The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face… Read More>>

Orchard Towers

Singapore’s Orchard Towers Fails to Sell at $1.2B Price Tag

2023/02/21 by Greg Isaacson Leave a Comment

Singaporean real estate firm Hiap Hoe announced that the attempted collective sale of Orchard Towers has failed, a year after owners of units in the notorious entertainment and office complex put the property on the market with a reserve price… Read More>>

9 Bukit Batok Street 22 Mandarin Self-Storage

Heitman Sells Singapore Self-Storage JV to Warburg Pincus-backed StorHub

2023/02/20 by Beatrice Laforga Leave a Comment

Heitman exited a self-storage joint venture in Singapore with the sale of Mandarin Self Storage to Warburg Pincus-backed StorHub late last year for an estimated S$230 million ($172.2 million), Mingtiandi has learned.

The sale came after the Chicago-based… Read More>>

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