North Asia proved to be the most resilient slice of the Asia Pacific region in the fourth quarter of 2020 as Japan, China and South Korea recorded a jump in real estate transactions, according to research by JLL.
Drawing on… Read More>>
Sydney and Singapore Join World’s Top 10 Data Centre Markets
Sydney and Singapore rank among the world’s premier data centre markets, claiming the third and fifth spots in a top 10 dominated by US cities, according to research by Cushman & Wakefield.
For its study, the property consultancy evaluated 1,189… Read More>>
Lendlease Taps Asia Head Tony Lombardo to Succeed Group CEO Steve McCann
Australian real estate group Lendlease is looking to Asia for its future, as the ASX-listed firm on Thursday announced that Tony Lombardo would become its new group chief executive from 31 May.
Lombardo, who is currently based in Singapore as… Read More>>
Fifth Wall Launches First Proptech SPAC With $345M IPO
Proptech investment firm Fifth Wall this past week celebrated the closing of the $345 million IPO for the venture capital firm’s first special purpose acquisition company (SPAC), the built-world-oriented Fifth Wall Acquisition Corp I.
Trading on the NASDAQ exchange under… Read More>>
GIC Pays Brookfield $170M for 25% Stake in Perth Office Project
GIC has signalled its continued interest in Australia with the purchase of a quarter stake in Chevron’s under-construction headquarters building in Perth from asset management firm Brookfield.
The Singaporean sovereign wealth fund agreed to pay A$220 million ($170.3 million) for… Read More>>
BlackRock Names Rachel Lord APAC Chair as Buckingham Steps Down
The world’s largest asset manager has named new leadership for the globe’s fastest growing financial market as BlackRock named Rachel Lord as its new chair for Asia Pacific on Tuesday.
Lord, who currently heads Europe, the Middle East and Africa… Read More>>
Temasek Appoints Dilhan Pillay as CEO, Succeeding PM’s Wife
Temasek Holdings on Tuesday announced that Dilhan Pillay will succeed Ho Ching as chief executive of the Singaporean state-backed firm, while also taking over her seat as an executive director on the board.
Pillay, who is keeping his title as… Read More>>
Wharf Holdings Leads $935M Group Buy of Site at Hong Kong’s Peak
Wharf Holdings has brought along some friends for its second trip to Hong Kong’s posh Peak district in the last two months, as the local developer joined with a group of investors to win a tender for a luxury residential… Read More>>
Hong Kong’s 168% Q4 Surge Paces APAC Commercial Property Investment Rebound
Commercial property investment in key APAC markets staged a comeback in last year’s fourth quarter, led by resurgent Hong Kong, where transaction volume shot up 168 percent compared with year-earlier levels, according to Real Capital Analytics.
In its Asia Pacific… Read More>>
Blackstone Said Buying Warburg Pincus India Logistics JV for $700M
Already India’s largest office landlord, Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture, according to local news reports.
Having acquired more than 1… Read More>>
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