A buyout led by Singapore’s love hotel king leads today’s headline roundup, as James Koh arranges to privatise hospitality group AF Global. Also making news, Google proposes a 1-gigawatt data centre in India and Sweden’s EQT explores a range of… Read More>>
Fragrance Group Buys Singapore’s Katong Plaza for $139M in Rare Collective Sale Win
Fragrance Group has acquired Singapore’s Katong Plaza for S$180 million ($139 million), market sources confirmed to Mingtiandi, with the owners of the retail-residential asset notching a collective sale win on their fourth attempt amid a quiet season for en bloc… Read More>>
Fragrance Group Boss Launches Take-Private Bid for Developer Global Dragon
A privatisation wave continues to play out in Singapore’s property development sector, with Fragrance Group founder James Koh launching a buyout bid for another SGX-listed builder he controls, Global Dragon.
The offer of S$0.12 in cash for each Global Dragon… Read More>>
Fragrance CEO Snaps Up Singapore Retail Site in $40M Collective Sale
The founder of local developer Fragrance Group has won a tender for an en bloc site in Singapore’s Farrer Park area with a bid of S$55.1 million ($40 million), as the former love hotel entrepreneur continues an acquisition spree stretching… Read More>>
GLP Files for US IPO of Investment Arm and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s GLP reportedly files for a US IPO of its investment business, Canadian pension fund manager Ivanhoe Cambridge acquires 49 percent of an Australian business park venture, and Hong Kong property sales plunge… Read More>>
Singapore’s Fragrance Group Adds Central London Hotel to Growing UK Portfolio
Singapore’s Fragrance Group has purchased a Holiday Inn hotel in west London from British real estate fund manager Queensgate Investments for an undisclosed sum, as the privately held builder continues to expand its hotel portfolio.
The property developer controlled by… Read More>>
SHKP Ekes Out 1.7% Profit Increase and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong developer Sun Hung Kai reports a modest profit increase for its fiscal 2020/21, Singapore’s Fragrance Group applies to delist from the SGX after a privatisation offer, and CBRE says data centre… Read More>>
Former Love Hotel Developer Set to Go Private in Singapore Buyout
The founder of a Singapore real estate developer that got its start operating hotels in the city’s red-light district is set to take the company private after reaching a key milestone in a buyout effort today.
A voluntary conditional cash… Read More>>
SHK Warehouse to Become HK Hyperscale Data Center and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong developer Sun Hung Kai agrees to convert one of its warehouses into a data centre, the family of Grab’s CEO picks up a bungalow site for redevelopment, and the chairman of… Read More>>
Asia Real Estate People in the News 2020-09-28
A pair of Singapore moves lead Mingtiandi’s collection of human resources news this morning, with a reorganised residential brokerage bringing in a new boss and a fast-growing developer switching finance chiefs. In Shenzhen, a cash-strapped brokerage has a government appointee… Read More>>