In today’s roundup of regional news headlines, Singapore’s GIC sells its half-stake in a Mumbai mall, and Fitch puts industrial giant GLP on a negative ratings watch. Also happening in India, Blackstone’s Nexus Select Trust IPO was oversubscribed on the… Read More>>
Blackstone Selling Six Japan Warehouses to GIC for $800M
Blackstone on Friday announced the sale of a portfolio of six warehouses in Japan to Singapore sovereign fund GIC for more than $800 million, as the private equity giant continues to shed assets after reporting a steep decline in real… Read More>>
APAC Investment in North American Real Estate Hit Record in Q1, Led by Singapore’s GIC
Acquisitions of North American real estate by Asia Pacific-based investors jumped more than 400 percent year-on-year to a record $13.9 billion in the first quarter of 2023, according to Knight Frank.
The surge in property purchases was driven largely by… Read More>>
China Warns State Firms Away From Big Four Auditors and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese authorities reportedly ask state-owned firms to cut ties with the Big Four accounting firms, and Australian casino giant Star Entertainment looks to raise $545 million to repay debts.
China… Read More>>
GIC, Centerbridge Clinch $868M Buyout of US Industrial REIT After Sweetening Deal
Singapore’s GIC and US private equity firm Centerbridge Partners have agreed to take NASDAQ-listed INDUS Realty Trust private in a sweetened deal that values the American industrial REIT at $868 million.
Indus has entered into a definitive merger agreement under… Read More>>
Jingrui Confirms $350M Default as Debt Crisis Continues and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, troubled developer Jingrui Holdings defaults on an offshore bond that came due this week, and Singapore sovereign fund GIC’s joint venture with Dream Industrial REIT completes its $4.4 billion acquisition of Summit REIT.
WeWork Still Waiting to Turn a Profit After Q4 Miss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, WeWork reports a quarterly loss nearly $200 million greater than what analysts predicted as the flexible office giant’s long-promised profitability remains far off.
WeWork Misses Analyst Views With $527M Q4… Read More>>
GIC Still Scouting for China Deals Despite Reports and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s GIC says it’s still looking to invest in China after a report said it was pausing activity in the country, while South Korea’s sovereign wealth fund reports a record yearly loss.
Singapore Boosts Taxes on Ultra-Luxury Home Sales and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore enacts a fresh round of tax hikes on property purchases to raise extra revenue for the city-state’s coffers, and sovereign fund GIC reportedly has second thoughts about private investments in China.
Singapore’s GIC Joins BlackRock, BA Fund for London Life Sciences Complex
Singaporean sovereign wealth fund GIC is expanding its biotech portfolio by teaming up with BlackRock Alternatives Real Estate and British Airways’ New Airways Pension Scheme (NAPS) to invest in a life sciences project in London’s King’s Cross district.
Developed by… Read More>>
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