Phoenix Property Investors is suing WeWork for abandoning a 10 year commitment to its flagship location in Causeway Bay, with the Hong Kong private equity shop said to be demanding payment of about HK$242 million ($30.8 million) on the alleged… Read More>>
Vietnam’s Viva Land Sets Singapore Price Record with $173M Hotel Buy
Vietnam-based Viva Land has agreed to buy a boutique hotel along Singapore’s Robinson Road for around S$240 million ($173 million) from local developer Royal Group, Mingtiandi has confirmed, with the acquisition potentially paving the way for a new integrated development… Read More>>
ESR-Logos REIT, JLL to Open MTD TV Asia Logistics Forum Next Week MTD TV PRODUCTIONS
Mingtiandi’s third annual Asia Logistics Forum is starting off next week with an exclusive interview bringing together a top executive of one of the ten largest real estate investment trusts listed in Singapore with a veteran advisor with 20 years… Read More>>
Logan Selling 40% of Expressway Project to New World for $290M
With RMB 35.9 billion in debts coming due this year, financially troubled developer Logan Group is selling 40 percent of an expressway project in southwestern China to Hong Kong’s New World Group for RMB 1.9 billion ($290 million).
EQT’s EdgeConneX Acquires Lippo-Mitsui Indonesia Data Centre JV
EdgeConneX, a digital infrastructure provider backed by Swedish private equity firm EQT, has entered the Indonesia market with the acquisition of a local data centre joint venture from Mitsui and Lippo Group’s PT Multipolar Technology.
EdgeConneX said in a press… Read More>>
R&F Selling Stake in London Project at $230M Loss, PWC Resigns as Auditors
Guangzhou R&F Properties continues its retreat from London’s Nine Elms regeneration area, announcing Thursday that it plans to sell its 50 percent stake in a joint project with fellow Chinese developer CC Land to the latter firm’s boss for HK$2.66… Read More>>
GDS, YTL to Develop 8 Data Centres in Malaysia’s Johor State
Shanghai-based GDS Holdings has hooked up with Malaysia-listed YTL Power International to co-develop 168 megawatts of data centre capacity across eight individual facilities at a campus in Malaysia’s Johor state.
The first phase of the co-development will enter service in… Read More>>
Jessie Liu to Lead Manulife Asia Property Investment as Kenny Lam Exits Firm
Manulife Investment Management on Thursday announced the promotion of Jessie Liu to head of transactions and portfolio management for Asia real estate private markets, a role in which she will take over the duties of the departing Kenny Lam.
Liu… Read More>>
Hong Kong Scraps Tender for Tuen Mun Residential Site After Bids Fall Short
The Hong Kong government withdrew the tender for a residential development site in the New Territories this week after no bid met the reserve price, marking the sixth cancellation out of more than 70 tender exercises for government land sales… Read More>>
Capital Raising for APAC Private Real Estate Funds Surged 50% in 2021 to $39B
Capital raising for private funds targeting Asia Pacific real estate hit a record high of $39 billion in 2021, up sharply from the $26 billion raised in 2020, according to a survey released late last week by a group of… Read More>>
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