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AEW, Jason Lee

BlackRock Selling Singapore Industrial Asset to AEW for $107M

2021/02/22 by Michael Cole Leave a Comment

Singapore real estate assets continue to be in style with the world’s biggest investors with Mingtiandi able to confirm that BlackRock is on the verge of selling an industrial asset in the city-state to Boston-based fund manager AEW.

BlackRock is… Read More>>

Ingka Centres to Spend $759M Developing India’s First IKEA-Anchored Mall

2021/02/22 by Christopher Caillavet Leave a Comment

A sister firm of IKEA is the latest global player to bet big on growth in India after buying a land parcel near Delhi for development into a mall anchored by the big-box retailer.

Ingka Centres, which develops shopping complexes… Read More>>

Wong Mun Hoong

Mapletree Aims for First Hong Kong Data Centre After Buying $104M Site

2021/02/19 by Christopher Caillavet Leave a Comment

Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.

“We are excited about winning this development land parcel,”… Read More>>

Hong Kong Developer Chinese Estates Promotes Joseph Lau’s Wife, Chan Hoi-wan, to CEO

2021/02/19 by Christopher Caillavet Leave a Comment

The long-running succession saga at Hong Kong billionaire Joseph Lau’s business empire began a new chapter this week with the elevation of Lau’s wife, Chan Hoi-wan, to CEO of Chinese Estates Holdings to replace her elder sister, Chan Sze-wan.

In… Read More>>

Patrick T.A. Wong is the founder & CEO of the Tenacity Group

Hong Kong’s Tenacity Gets Green Light to Develop 33-Storey London Tower

2021/02/18 by Christopher Caillavet Leave a Comment

Hong Kong-based developer Tenacity has received the all-clear to build a 33-storey office tower in the City of London after scaling back an earlier design following opposition from heritage groups.

The business district’s planning authority announced on Tuesday that Tenacity… Read More>>

victor li ck asset

CK Asset Wins Last Residential Plot on Kai Tak Runway With $1.3B Bid

2021/02/18 by Mingtiandi Team Leave a Comment

CK Asset bested four other local tenderers to win the final residential plot on the former Kai Tak airport runway with a bid of HK$10.28 billion ($1.33 billion), Hong Kong’s government announced on Wednesday.

The property development arm of Li… Read More>>

Rui-Yu

JD Announces Plan for Potential $5B Logistics IPO in Hong Kong

2021/02/17 by Michael Cole Leave a Comment

Warehouses could be the source of one of Hong Kong’s biggest initial public offerings again this year after JD.com late Tuesday announced plans to list its logistics unit on the city’s bourse.

The offering, which is backed by the e-commerce… Read More>>

Ng Kiat Mapletree

Mapletree Logistics Trust Adding Five Greater Seoul Sheds for $250M

2021/02/17 by Christopher Caillavet Leave a Comment

Singapore-listed Mapletree Logistics Trust on Monday announced an agreement to acquire five warehouse assets in South Korea for KRW 280 billion ($250 million), strengthening MLT’s foothold in Asia Pacific’s third-largest e-commerce market.

Situated in the Yongin-Icheon logistics cluster in the… Read More>>

Sanjeev Dasgupta - CEO of Ascendas India Trust

Ascendas India Trust Buying Amazon-Leased Hyderabad Offices for $70M

2021/02/16 by Christopher Caillavet Leave a Comment

Ascendas India Trust on Tuesday announced that it has agreed to purchase an office building in Hyderabad, India leased almost entirely to online giant Amazon as the CapitaLand-managed REIT continues to build its tech space portfolio on the subcontinent.

The… Read More>>

Savills IM, Alistair Ennever

Savills IM Paying $79M to Add Polish Warehouse to Vestas Logistics Fund

2021/02/16 by Christopher Caillavet Leave a Comment

Savills Investment Management on Monday said it had exchanged contracts to acquire a logistics property in Poland for a Korean-backed fund at a price of €65.5 million ($79.6 million).

The transaction is Savills IM’s second on behalf of Vestas European… Read More>>

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