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sherman kwek CDL

CDL Makes £776M Buyout Offer for Millennium & Copthorne Hotels

2019/06/09 by James Hatton Leave a Comment

City Developments Limited has launched a £776 million ($989 million) takeover bid for London-listed Millennium and Copthorne Hotels (M&C) that values the Airbnb-challenged hotel chain at £2.2 billion, according to an announcement by the publicly listed flagship of the Hong… Read More>>

Elgin Street Hong Kong

Henderson Land Applies for Compulsory Sale of HK$963M Site in Hong Kong’s Central

2019/06/06 by Jan Kot Leave a Comment

Henderson Land Development has applied for a compulsory sale of four aging buildings in Hong Kong’s Mid-levels, according to a filing at the city’s Lands Tribunal as the blue-chip developer continues to play its preference for redevelopment projects.

Should the… Read More>>

Stuart Gibson, Jeff Perlman, Wee Peng Cho ESR

Warburg Pincus-Backed Logistics Platform ESR Files for $1.24B Hong Kong IPO

2019/06/05 by Michael Cole Leave a Comment

ESR Cayman, which manages a portfolio of 152 logistics properties across Asia, has begun marketing to investors a HK$9.8 billion ($1.24 billion) initial public offering in Hong Kong, according to an announcement by the developer and fund manager today.

The… Read More>>

Aberdeen Standard Links With Sumitomo Mitsui Bank for Japan Real Estate JV

2019/06/04 by James Hatton 2 Comments

The UK’s Aberdeen Standard Investments (ASI) has teamed up with Japan’s Sumitomo Mitsui Trust Bank to form a residential property investment joint venture, the Edinburgh-based company announced today.

The partnership, which primarily targets the Japanese market, will enable the Scottish… Read More>>

ken caplan blackstone

Blackstone Agrees to Buy GLP US Assets for Record $18.7B

2019/06/03 by Michael Cole Leave a Comment

Blackstone and GLP announced today that they had reached an agreement for the New York-based alternative investment firm to purchase US warehouse assets from the Singapore-based logistics real estate firm for $18.7 billion.

The transaction, which comes just over one… Read More>>

Duo Tower

Gaw Capital, Allianz Close in on S$1.5B Purchase of Singapore’s Duo Project

2019/06/02 by Michael Cole Leave a Comment

Gaw Capital Partners is leading an investor consortium that has entered into advanced negotiations for the acquisition of the Duo Tower office building and the connecting Duo Galleria shopping centre for a sum in excess of S$1.5 billion ($1.1 billion),… Read More>>

warburg Pincus

Warburg Pincus Raises Up to $130M for Week-Old China-SE Asia Fund

2019/05/31 by James Hatton Leave a Comment

Just one week after filing paperwork for a fund targetting investments in China and Southeast Asia, Warburg Pincus has received commitments of up to $130 million to the new vehicle, according to official statements obtained by Mingtiandi.

The Warburg Pincus… Read More>>

Indonesian Co-Working Player CEO Suite Takes Kowloon Office Forfeited by Kr Space

2019/05/30 by Jan Kot 2 Comments

Jakarta-based co-working provider CEO Suite is opening a 27,000 square foot (2,508 square metre) office location in New World Development’s K11 Atelier in Tsim Sha Tsui, according to market sources who spoke with Mingtiandi, moving into a prime Hong Kong… Read More>>

69 jervois street

Arch Capital Buys Office Building Just West of Central for Reported HK$1.9B

2019/05/30 by Dorothy Ma Leave a Comment

Arch Capital Management has agreed to acquire a commercial building in Hong Kong’s Sheung Wan area, the Hong Kong-based fund manager has confirmed to Mingtiandi, with sources familiar with the acquisition citing a price of HK$1.9 billion ($242 million) for… Read More>>

martin Lee henderson

Henderson Buys Beijing Resi Site for RMB 3B, Sets Price Record for Posh District

2019/05/29 by James Hatton Leave a Comment

Henderson Land Development has purchased a residential plot in Beijing for RMB 3.02 billion ($440 million), according to an announcement by the Beijing Municipal Bureau of Land and Resources.

The developer shouldered aside nine other competitors, including mainland developers Country… Read More>>

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