Springtime in Paris may be a few weeks away, but hospitality deals continue to bloom as South Korea’s Sono International has become the latest Asian investor to acquire a hotel in the City of Light with a €120 million ($130.2… Read More>>
Singapore’s CDL Buying Paris Hotel From Blackstone for $264M
Blackstone has turned to an old friend from Singapore to sell a Paris hotel which it had held for more than a decade, with City Developments Ltd having agreed to buy the Hilton Paris Opéra from Blackstone Real Estate Partners… Read More>>
Korea’s National Pension Service to Exit Paris Shopping Centre for Reported $219M
South Korea’s National Pension Service has agreed to sell its stake in the O’Parinor shopping centre in Paris to Sofidy, a real estate investment unit of Temasek-backed Tikehau Capital at 33 percent discount to the asking price in a marketing… Read More>>
Singapore’s IREIT Buying 17 French Retail Properties for $82M
Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million ($82 million), as the Europe-focused trust continues to diversify its holdings beyond the office sector.
Classified as out-of-town retail parks, the freehold… Read More>>
Ascott-Qatari Fund to Acquire Paris, Hanoi Residential Projects for $156M
Singapore’s The Ascott Ltd has agreed to buy a Paris co-living property and a Hanoi serviced apartment project on behalf of the firm’s private equity fund with the Qatar Investment Authority for S$210 million ($156 million).
The acquisition of the… Read More>>
Ascendas REIT Buying 11 European Data Centres From Digital Realty for $671M
Singapore’s Ascendas REIT is stepping up its server-hosting portfolio in a big way with the acquisition of 11 data centres across the UK and continental Europe.
The SGX-listed trust has agreed to acquire the 11-asset portfolio from subsidiaries of US-based… Read More>>
Macron Cancels $3.3B Wanda Project in France and More Asia Real Estate Headlines
The travails of a developer who was once Asia’s richest man lead the way in today’s list of real estate news from around the region, as the president of France announces the end of a Paris project backed by Wang… Read More>>
Singapore’s GIC Buys Paris Office Tower for Reported €530M
Singapore’s sovereign wealth fund has made a fresh shopping trip to Paris, picking up yet another commercial tower in the City of Light.
GIC, which has over $100 billion in assets under management, announced on Friday that it has acquired… Read More>>
Korea’s Mirae Buys Paris Tower for KRW 1.08T
South Korea investment brokerage Mirae Asset Daewoo, together with French asset manager Amundi Real Estate has completed its acquisition of the Jean-Paul Viguier-designed Majunga Tower in Paris, according to a joint announcement by the two parties earlier today.
The South… Read More>>
HNA-Backed HK Airlines May Axe More Flights and More Asia Real Estate Headlines
HNA’s increasingly turbulent flight path leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news of trouble in the cockpit as long-haul flights at Hong Kong Airlines may be axed, while bounteous fund raising by mainland… Read More>>