North American fund manager BGO on Thursday announced the final closing of its Asia value-add strategy, with the real estate unit of Canadian insurer Sun Life having raised more than $5.1 billion in committed capital for the vehicle and co-investment… Read More>>
ESR Maintains Lead in APAC Real Estate AUM as Global Total Drops 8.2%
Global real estate assets overseen by a sample of fund managers stood at $3.8 trillion at the end of 2024, down 8.2 percent from the prior year and marking a third straight year of decline from the historic peak of… Read More>>
LHN Wins Eastern Singapore Project for First Coliwoo Resort Chalet
LHN Group has won a tender for the tenancy of a state-owned property in Singapore’s Pasir Ris area, with the SGX-listed developer planning to convert the existing structures into the first resort-style chalet under its Coliwoo brand.
The property at… Read More>>
CDL Selling 50.1% Stake in $2.1B Singapore Complex to JV Partner IOI Properties
SGX-listed City Developments Ltd has agreed to sell its 50.1 percent interest in a central Singapore mixed-use complex to its joint venture partner, Malaysia’s IOI Properties Group, in a deal valuing the asset at S$2.75 billion ($2.1 billion).
CDL is… Read More>>
Mapletree Swings to $176M Profit on Softer Markdowns, Strong Asset Sales
Singapore’s Mapletree Investments posted a net profit of S$227.2 million ($176.4 million) for its fiscal year to the end of March, reversing a year-earlier loss of S$577.2 million, as the Temasek-owned real estate player’s revaluation losses narrowed and asset sales… Read More>>
CDL Bests Five Rival Bids to Place Top Offer of $472M for Singapore Residential Site
Singapore developers have shown that attractive residential sites can still spur competitive bidding with top builder City Developments Ltd placing the top offer for a plot in the city-state’s Jurong Lake in a tender which closed on Tuesday.
The developer… Read More>>
Hong Kong Tycoon Drops Price for Beachfront Complex by 25% as Fire Sale Heats Up
Hong Kong’s Gale Well Group has slashed the price for a beach villa complex in the city’s Southern District by 25 percent over the past four months, as the financially-troubled property investment firm seeks to accelerate asset disposals.
The owner… Read More>>
Frasers Buying Theatre Complex Next to Northern Singapore Mall for $37M
Just days after entities under its controlling shareholders completed the sale of its remaining wing of a mall in northern Singapore to a REIT under its sponsorship, Frasers Property has acquired a cinema complex next to the shopping centre for… Read More>>
Japan’s Dai-Ichi Life Buying 15% Stake in M&G to Rank as Largest Shareholder
Japanese investors continue to expand their role on the global stage with Dai-Ichi Life Holdings set to take a 15 percent stake in M&G PLC, according to an announcement late on Friday.
Japan’s second-largest life insurer is establishing a partnership… Read More>>
Hong Kong’s New World Delays Bond Payments Amid Struggle with $27B in Liabilities
China’s real estate crisis isn’t confined to the mainland anymore, with top-five Hong Kong builder New World Development announcing late Friday that it will defer payments on four sets of bonds due this month.
The decision to forgo paying $77… Read More>>
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