A capital raiser graduated from the top school for Beijing’s party elite leads this week’s list of personnel moves from around Asia Pacific, as HInes bolsters its Greater China resources. Also making the list is a data centre hire at… Read More>>
Goldman Sachs Buys Seoul Hotel Complex From Hyundai Asset Management in $194M Deal
The alternatives arm of banking giant Goldman Sachs has completed its acquisition of a hotel complex in central Seoul from Hyundai Asset Management, with market sources confirming a deal value of KRW 262 billion ($194 million).
Goldman picked up Mercure… Read More>>
Goldman Sachs Acquires Japan Apartments From CapitaLand Ascott Trust for $89M
Goldman Sachs has expanded its Japanese multi-family portfolio with a JPY 12.7 billion ($89 million) acquisition of a 389-unit rental residential property in Fukuoka from SGX-listed CapitaLand Ascott Trust.
The purchase by Goldman Sachs Alternatives, a unit of Goldman’s asset… Read More>>
Goldman Sachs Completes $530M Buyout of Condo Manager Nihon Housing
The asset management arm of Goldman Sachs and the founding family of Nihon Housing have completed a take-private deal valuing the Tokyo-based property manager at JPY 77 billion ($530 million).
Nihon Housing has 500,000 units under management in Japan, Taiwan,… Read More>>
Goldman Sachs Buys 7 Aussie Last-Mile Logistics Properties for Reported $133M
The alternatives platform of Goldman Sachs Asset Management has acquired seven last-mile logistics properties in Australia, as strong e-commerce trends continue to support warehouse leasing demand Down Under.
The portfolio’s properties are located near high-capacity urban highways in key population… Read More>>
Goldman Sachs Alternatives Hits $3.4B Final Close for Third Real Estate Secondaries Fund
The alternatives platform of Goldman Sachs Asset Management has reached the final close of its third real estate secondaries fund with total commitments of $3.4 billion, representing the firm’s largest-ever such vehicle.
Vintage Real Estate Partners III exceeded its fundraising… Read More>>
China Supersizes Property Market Bailout and More Asia Real Estate Headlines
Mainland China’s property crisis leads Mingtiandi’s headline roundup again today with Beijing rolling out a raft of measures to revive the market at the same time that new statistics show home prices dropping for an 11th straight month. Also making… Read More>>
Alibaba Eyes $1.1B Logistics-Led Korea Investment and More Asia Real Estate Headlines
Alibaba leads today’s headline roundup from around the region with a plan to invest over $1 billion in South Korea over the next three years. Also making the list, KKR aims to keep buying Japan properties and Goldman Sachs turns… Read More>>
Goldman Sachs, Mubadala Launch $1B APAC Private Debt Partnership
Goldman Sachs and Abu Dhabi’s Mubadala Investment Company have established a $1 billion partnership to invest in private debt opportunities across Asia Pacific, including real estate, in a bid to plug a financing gap left by traditional lenders.
The partners… Read More>>
Goldman Sachs Fund Buying Tokyo Office Floors From Mitsui Fudosan REIT for $281M
A fund managed by Goldman Sachs is buying a set of floors in a Tokyo office tower for JPY 41.2 billion ($281 million) as the US investment bank’s asset management division continues to ramp up its real estate business in… Read More>>