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Lendlease Picks Global Switch Vet to Lead $1B APAC Data Centre Push

2020/03/10 by James Hatton Leave a Comment

Australian property giant Lendlease has hired former Global Switch managing director Sam Lee to head up its data centre platform in Asia Pacific.

With Lee overseeing operations from Singapore as Lendlease’s managing director of data centres, the developer plans to… Read More>>

Adrian Baker CBRE GI

CBRE GI Closes Fifth APAC Value-Add Fund at $900M

2020/03/09 by James Hatton 1 Comment

CBRE Global Investors has closed the fifth iteration of its pan-Asia value-add fund series at a hard cap of $900 million — around 10 percent less than what it achieved for the fourth edition of the strategy – according to… Read More>>

Savills Leads Asia Brokerage Wins with HK$790M Hong Kong Office Deal  Mingtiandi Broker Battle

2020/03/09 by James Hatton Leave a Comment

Savills tops Mingtiandi’s deal charts for the second time running with the property consultancy reported to brokered the HK$790 million ($101 million) sale of an office redevelopment project in Hong Kong’s Cheung Sha Wan area on behalf of consumer goods… Read More>>

Ben Keswick Hongkong Land

Hongkong Land Posts 4% Rise in Profit, Warns of Virus Hit for 2020

2020/03/07 by James Hatton 1 Comment

Hongkong Land, the biggest landlord in Hong Kong’s Central district, saw its underlying profit rise to a record $1.1 billion last year, but warned this month that the coronavirus outbreak would hit the firm’s business in 2020.

The division of… Read More>>

Rush desai allianz

Allianz Real Estate Grew Asia Pacific Assets 83% in 2019 to €5.5B

2020/03/07 by James Hatton Leave a Comment

Allianz Real Estate grew its Asia Pacific portfolio by 83 percent last year, as the property investment arm of the European insurance giant ramped up its assets under management in the region to €5.5 billion ($6.1 billion).

“Our success in… Read More>>

john lim ara

ARA Asset Management Acquires Warehouse Specialist Logos

2020/03/05 by Michael Cole Leave a Comment

Singapore’s ARA Asset Management announced today that it has acquired a majority stake in Asia Pacific logistics real estate developer and fund manager Logos Group for an undisclosed sum.

The deal, which was revealed in a joint announcement by the… Read More>>

Hong Kong Developers Cut Condo Launches 93% as Demand Disappears

2020/03/05 by James Hatton Leave a Comment

Developers are holding off from launching new residential projects in Hong Kong amid a property slump in the Asian financial hub that has been exacerbated by the coronavirus outbreak, according to JLL.

The property consultancy said that developers added just… Read More>>

Xiong Lin Ziroom

Softbank Said to Have Invested Total of $1.5B in China’s Ziroom, Beike

2020/03/04 by James Hatton Leave a Comment

Softbank has invested $1.5 billion into a pair of Chinese property startups, as the Japanese venture capital firm takes a gamble on the mainland housing market.

In deals which closed in November last year, Softbank invested $1 billion into apartment… Read More>>

UOL Deputy CEO Liam Wee Sin

UOL, Frasers, JBE Win Singapore Housing Sites at Discounts

2020/03/04 by James Hatton Leave a Comment

UOL Group, JBE Holdings and Frasers Property each won Singapore government residential land sales on Tuesday with bids as much as 4 percent below expectations, as the potential long-term impact of the coronavirus outbreak adds to developer concerns over the… Read More>>

Louise Kavanagh nuveen

Nuveen Real Estate Acquires PAG Japanese Multifamily Portfolio for $140M

2020/03/03 by James Hatton Leave a Comment

Nuveen Real Estate has purchased a portfolio of multifamily assets in Japan for $140 million, as the global property investment manager steps up its exposure in the country.

Nuveen said in a statement that the firm had acquired the ten… Read More>>

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MTD TV

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