Many of Asia’s largest property developers and investors still conduct their business using tools that haven’t changed dramatically since the popularisation of the spreadsheet thirty years ago. That old school way of life may be under threat, however, as investors… Read More>>
Building Asia’s Digital Future – Mingtiandi Launches Real Estate Tech Report
Some of Asia’s largest economies rely on real estate for up to 20 percent of their GDP, making the sector an attractive target for technology startups and tech-enabled real estate firms.
Despite this push for innovation, however, some of the… Read More>>
Gaw Capital Sells Shanghai’s Cross Tower to World Union Fund for Reported RMB 2.7B
Hong Kong private equity shop Gaw Capital Partners has agreed to sell the Cross Tower, a 24-storey commercial building in Shanghai, to a mainland real estate fund for a price believed to be RMB 2.66 billion ($402 million).
Gaw is… Read More>>
Blackstone Buys Back 10% of European Warehouse Platform Logicor from CIC
A Blackstone property fund is buying back a 10 percent stake in European warehouse platform Logicor, which the private equity giant sold to China Investment Corporation (CIC) for $13.8 billion earlier this year, according to a news report.
CIC, China’s… Read More>>
WeWork Leases 10-Storey Tower in Shanghai for Biggest-Ever Co-Working Centre
US co-working giant WeWork has leased an entire grade A office building in downtown Shanghai, where the $20 billion startup will open its largest-ever shared office centre.
The take-up of the 27,000 square metre tower in the China Overseas International… Read More>>
Norway’s $1T Sovereign Fund Enters Asia with $823M Tokyo Bet
Norway’s sovereign wealth fund is making its first foray into Asian real estate, by buying a majority stake in a set of five retail and office properties in Tokyo for 92.75 billion yen ($823 million).
Norges Bank Investment Management (NBIM),… Read More>>
CPPIB Invests $248M in Goodman Hong Kong Logistics Fund
The Canada Pension Plan Investment Board (CPPIB) is expanding its Asia logistics partnership with Australia’s Goodman by investing HK$1.94 billion ($248 million) in a Hong Kong warehouse development scheme first established by the Australian builder in 2006.
The investment will… Read More>>
Singapore’s CDL and Friends Acquire Frankfurt Hotel for $100M
With investors from China still hobbled by that country’s restrictions on capital outflows, the mainland slowdown is leaving the stage open for buyers from one of Asia’s smallest nations to land deals in a growing list of locations.
Today, the… Read More>>
Cheung Kei Pays $363M for Former Bear Stearns London Office in Second UK Deal
Chinese developer Cheung Kei Group has made its second London real estate play by buying a Canary Wharf office building for £270 million ($363 million), adding another deal to this year’s surge of Asian investment in the city.
The Shenzhen-based… Read More>>
Singapore’s GIC Puts Brisbane Back on Map with $281M Office Tower Deal
Singaporean sovereign wealth fund GIC has taken on Brisbane’s biggest office deal of the year by purchasing a downtown office tower for A$370 million ($281 million) in the northern Australian city.
GIC, which has an estimated $359 billion in assets… Read More>>
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