Sunac China has declared an increase in annual profit of more than 57 percent, as the Tianjin-based developer capitalized on credit made available by Beijing to grow during an economic downturn.
In a report on Friday to the Hong Kong… Read More>>
Singapore’s ARA Completes Buy of £5B London Real Estate Lender
ARA Asset Management has taken a majority stake in London-based non-bank lender Venn Partners LLP, as the Singapore-based company branches out into real estate debt opportunities.
The Warburg Pincus-backed fund manager said in an announcement today that it will provide… Read More>>
Soho China Posts 31% Drop in Profit as Blackstone Talks Loom
Soho China, a mainland developer reported to be the subject of buyout talks with US giant Blackstone, reported a 31 percent drop in profit from its core business in 2019, citing lower revenue after the company had sold off assets… Read More>>
Hong Kong Office Rents Fell 2.2% in February as COVID-19 Rocks Property Market
The COVID-19 pandemic continues to batter Hong Kong real estate, with rents in the world’s most expensive office spaces suffering the steepest month-on-month drop in more than a decade, according to a report this week by JLL.
The property consultancy… Read More>>
Singapore Hotel REIT Ditches Distribution Payment After $341M Default
Eagle Hospitality Trust on Tuesday informed its investors that it has shelved a distribution payment due to security holders, after defaulting on a $341 million loan facility.
The managers of the SGX-listed real estate investment trust announced to the stock… Read More>>
Hong Kong Shop Sold for Nearly Half Off as Virus Hits Retail
Shoppers have disappeared from the streets of Hong Kong, and with retail sales dropping, some store owners in Asia’s most expensive city have resorted to selling the shop.
A store along Nathan Road in Mongkok — normally one of Hong… Read More>>
SPH Cancels C$233 Canadian Senior Living Buy Amid COVID-19 Scare
Singapore Press Holdings has scrapped its acquisition of a portfolio of senior living facilities in Canada, as the potential impact of COVID-19 on property values triggers second thoughts on valuations.
The SGX-listed media and property conglomerate announced to the stock… Read More>>
Singapore’s Elite Partners Capital Nears Close of €150M Logistics Fund
Alternative asset management firm Elite Partners Capital has announced the first close of a UK and Europe-focused logistics fund with a target hard cap of €150 million ($163 million).
A spokesperson for the Singapore-based company revealed to Mingtiandi that the… Read More>>
ESR Expects E-Commerce Boost From COVID-19 as 2019 Profit Jumps 21%
Warburg Pincus-backed logistics developer and fund manager ESR has posted a 21 percent rise in net profit to $245 million for 2019, as it continues to ride the growth of e-commerce and the shift of capital values to Asia.
In… Read More>>
GLP Backs HK$7.2B Buyout of Hong Kong’s Li & Fung
Asia’s largest logistics developer and fund manager is branching out into consumer goods distribution, according to an announcement late Friday by Hong Kong-listed Li & Fung Ltd.
GLP, which has $89 billion in assets under management globally, has teamed up… Read More>>
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