Asia’s real estate giants were busy on Monday, with China’s Greenland Group announcing strong sales in London, the mainland government clamping down on “innovative financing” for corporate takeovers, and ARA Asset Management getting an important thumbs up for its privatisation… Read More>>
GLP Hires JP Morgan for Possible $6B Sale Following Reports of CIC Buyout
China’s sliding currency just could be creating a $6 billion opportunity for the owners of warehouse giant Global Logistic Properties.
The Singapore-based logistics developer announced to the Singapore stock exchange late Thursday that it has retained investment bank JP Morgan… Read More>>
Lim Chow Kiat Takes Over at GIC as Singapore Inc Revamps
There will be a number of familiar faces in new roles at GIC come the start of the year as Singapore’s sovereign wealth fund made a spate of senior leadership appointments that will take effect at the start of 2017…. Read More>>
GIC Catches on to K-Style With $136M Seoul Shopping Mall Acquisition
Korea’s unique style and fashion sense may not be everyone’s cup of tea, but Singapore’s sovereign wealth fund appears to like what it sees in the country’s retail scene. GIC invested $136 million to acquire an interest in G-Square City… Read More>>
Shed-Sational! GIC Acquires $2.6B in European Warehouses From TPG and Ivanhoe Cambridge
GIC is known for its warehouse fixation, and the $100 billion Singaporean sovereign wealth fund has jumped back into logistics once again, acquiring P3 Logistic Parks for €2.4 billion ($2.6 billion) from TPG Real Estate and Ivanhoé Cambridge. The deal… Read More>>
Singapore’s GIC Invests $720 Mil in Indonesian Warehouses And More Asia Real Estate Headlines
Monday’s news features GIC spending $720 million on Warehouses in Indonesia, China busting $148 billion in underground banking operations as part of its ongoing battle to keep cash within its borders, new levels of tiny for Hong Kong apartments and… Read More>>
GIC Invests in 2nd European Student Housing Deal This Week and More Asia Real Estate Headlines
Singapore’s sovereign wealth fund heads to Europe for the second time this week to pick up an additional portfolio of student housing with student accommodation specialist GSA, while Kerry Properties shows its confidence in the Hong Kong market with a… Read More>>
Vancouver Home Sales Fall 33% After Tax on Foreigners and More Asia Real Estate Headlines
Leading the real estate market news today, home purchases in Vancouver fell by 33 percent last month after the government began taxing foreign home buyers, but the impact of a similar 15 tariff on non-residents of Hong Kong seems to… Read More>>
School’s in Session: GIC Teams Up to Buy $900M UK Student Housing Portfolio
GIC, Singapore’s sovereign wealth fund, is partnering with Dubai-based Global Student Accommodation Group (GSA) to buy a portfolio of UK student housing projects from funds managed by Oaktree Capital Management which are expected to be worth £700 million ($900 million) when… Read More>>
Xiaomi Plans 1,000 Mainland Stores and More Asia Real Estate Headlines
Xiaomi, the Chinese phone maker that built its reputation via online-only sales, may give a boost to physical retail by opening 1,000 new shops on the mainland. Also in the news, GIC and CPPIB could lead the bidding for a… Read More>>