Hong Kong’s office leasing picture brightened in May as tenants occupied more Grade A space than they had in the previous month for the first time since July 2019, according to a report released by JLL.
Absorption of top-grade offices… Read More>>
Evergrande Raises Cash by Selling Stakes in Tencent JV, Hangzhou Developer
China Evergrande Group, the country’s most indebted property developer, is raising some quick cash this week by selling off assets ahead of a scheduled repayment of a $1.47 billion offshore bond maturing next week.
The Shenzhen-based company led by billionaire… Read More>>
M&G Real Estate Hires Jan Low and Jody Neale to Bolster Asia Acquisitions Team
The Asian division of UK-based M&G Real Estate has added to its acquisitions team with the hiring of two experienced investment managers.
The firm on Wednesday announced the appointments of Jan Low as head of acquisitions for Asia and Jody… Read More>>
Ascott-Qatari Fund to Acquire Paris, Hanoi Residential Projects for $156M
Singapore’s The Ascott Ltd has agreed to buy a Paris co-living property and a Hanoi serviced apartment project on behalf of the firm’s private equity fund with the Qatar Investment Authority for S$210 million ($156 million).
The acquisition of the… Read More>>
IWG Grabs Two Floors at Raffles Place for New Regus Singapore Location
Flexible office giant IWG is adding 22,000 square feet (2,044 square metres) of workspace across two floors in CapitaLand’s Plus building at Singapore’s Raffles Place.
The arrangement will bring Switzerland-based IWG’s Regus brand to the 28-storey building at 20 Cecil… Read More>>
GLP Reunites with CPPIB, QuadReal to Boost European Fund to $4.9B; Completes China IPO
GLP is upsizing its European logistics development venture with its pair of Canadian partners, aiming to boost assets under management to €4 billion ($4.9 billion) from the original target of €2 billion.
The logistics giant announced Monday that the Canada… Read More>>
GIC JV Acquires Two London Student Housing Projects for $472M
Singapore’s GIC has made its third major real estate investment this month, as the sovereign wealth fund doubles down on a four-year-old bet on student housing in the UK.
Unite Students, Britain’s largest provider of purpose-built student accommodation, said Friday… Read More>>
Suntec REIT Sells 30% Stake in UBS Singapore HQ to Billionaire Gordon Tang
Suntec REIT has sold its 30 percent stake in Swiss bank UBS’s Singapore headquarters for S$295.5 million ($220.2 million), in a transaction that puts the owners of SingHaiyi Group in full control of the recently renovated asset.
“The divestment of… Read More>>
Ivanhoe Cambridge and Logos Lead Off MTD TV Logistics Forum on Thursday
Asia Pacific’s logistics real estate sector has enjoyed record growth over the last decade, and Sydney-based Logos Property has been one of the home-grown companies that have ridden that boom to regional prominence.
Founded in 2010 by partners Trent Iliffe… Read More>>
Prime Offices to Emerge From COVID With More Breathing Room for Workers, Says JLL
As the world’s largest work-from-home experiment fades in the face of mass vaccinations, offices in central business districts are expected to regain their status as primary hubs of commerce, according to a study released this month.
Many workers are likely… Read More>>
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