China’s JD.com has followed its rival Alibaba in investing in a major Hong Kong office tower, with the mainland tech giant said to have bought into Lai Sun’s CCB Tower.
Lai Sun Development and parent company Lai Sung Garment announced… Read More>>
Mandarin Oriental Shareholders Approve $4.2B Buyout by Jardines
Mandarin Oriental shareholders have overwhelmingly approved a proposal for Jardine Matheson to acquire the remaining 11.96 percent of equity in the luxury hotel operator not yet owned by the parent group.
The vote took place Monday and clears the way… Read More>>
Hong Kong’s Far East Consortium Selling Half-Stake in Ritz-Carlton Perth for $66M
Far East Consortium has agreed to sell a 50 percent interest in the Ritz-Carlton Perth to an affiliate of fellow Hong Kong player AMTD Idea for A$100 million ($66.4 million).
FEC will sell half-stakes in the holding and operating companies… Read More>>
Brookfield, GIC Clinch Deal to Buy Australia’s National Storage for $2.6B
Asset management giant Brookfield and Singapore sovereign fund GIC have agreed to buy Australia’s National Storage in a deal valuing the ASX-listed REIT at about A$4 billion ($2.6 billion).
Under the terms of the agreement, the Brookfield-GIC consortium will acquire… Read More>>
Australia’s NextDC Teams With OpenAI to Develop Sydney Data Centre Campus
Australian data centre operator NextDC has joined forces with artificial intelligence startup OpenAI on the development of a hyperscale campus in western Sydney.
The partners entered a non-binding agreement late last week to plan, build and operate a next-generation AI… Read More>>
Vanke Seeks Second Bond Extension on $524M Onshore Note
China Vanke is requesting to extend a second onshore bond, with China’s once-largest developer seeking more time to pay back a RMB 3.7 billion ($523.6 million) note less than two weeks after signaling its first-ever domestic bond extension.
The builder,… Read More>>
Mainland Investor Elegant Group Buying Singapore’s Clementi Mall for $624.6M
Chinese investor Elegant Group is adding a fifth Singapore shopping centre to its portfolio, with the company led by Zhao Zhichao having agreed to purchase the Clementi Mall from Temasek Holdings’ Cuscaden Peak Investments for S$809 million ($624.6 million), according… Read More>>
Adoption of AI in Asian Real Estate to Take Centre Stage at Yardi-Mingtiandi Tuesday Event
75 percent of respondents to a survey conducted by Mingtiandi and Yardi earlier this year reported that their companies have taken steps toward using AI or already implementing the technology, with the results of that poll to be the subject… Read More>>
Gaw Sells Chengdu Outlet Mall to Fund Backed by Vipshop, CPIC, MetLife for $220M
Gaw Capital Partners has sold an outllet mall from its portfolio to a new fund under its management, in a deal which prices the retail property in the city of Chengdu at RMB 1.56 billion ($220 million), according to an… Read More>>
LaSalle Promotes Gries to Global CEO, Kessler to President, Gabbay Shifts to Chairman
LaSalle Investment Management said this week that it will promote two of its North American executives to top leadership positions, as current global chief executive Mark Gabbay shifts to an executive chairman role with the real estate fund manager.
From… Read More>>
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