Much of China’s economy may be locked down, but the country’s warehouse market remains active, with New World Development’s infrastructure investment subsidiary agreeing to purchase six mainland logistics properties from a fund managed by Australia’s Goodman Group for RMB 2.29… Read More>>
Sunac Pays Onshore Bond After Offshore Default and More Asia Real Estate Headlines
Sunac China Holdings showed its grasp of the politics of Chinese debt over the weekend, with the top-five mainland developer reportedly making payment on a local bond less than a week after defaulting on offshore notes. Also in the news,… Read More>>
Shimao Seeks Extension on $947M in Trusts and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped Shimao Group reportedly seeks a multi-year extension to repay over $900 million owed on high-yield trust products, Hong Kong boss Carrie Lam asks the city’s big developers to provide space for isolating… Read More>>
Goodman Expands Japan Data Centre Presence with ST Telemedia Greater Tokyo Projects
Australia’s Goodman is matching rival logistics heavyweights ESR and Logos in expanding its presence in the Asia Pacific data centre arena, teaming up with Singapore’s ST Telemedia on two projects in the Inzai City digital hub northeast of Tokyo.
The… Read More>>
Goodman to Acquire Greater Tokyo Site for Multi-Storey Logistics Facility
Goodman has agreed to buy a logistics development site in Japan’s Ibaraki prefecture, snapping a quiet period for the Sydney-based warehouse specialist.
Breaking ground in late 2021, the developer plans to build a five-storey logistics and distribution facility with 176,000… Read More>>
Asia Real Estate People in the News 2021-06-07
A board seat for an Asia real estate research veteran leads Mingtiandi’s collection of personnel news this week as UK developer Grosvenor recognises a fast-rising member of its team. There are also promotions in Hong Kong at consultancy Colliers International… Read More>>
Hanison Sells Half-Stake in Kowloon Project to Angelo Gordon as HK Market Revives
A set of deals announced at the end of March points to a continued thawing of Hong Kong’s property investment market and heightened prospects for urban redevelopment projects in the city.
Hanison Construction, controlled by the Cha family behind developer… Read More>>
Goodman Buys Half of Kowloon East Industrial Building for HK$570M
CBRE this week announced the sale of the lower half of an industrial building in an up-and-coming Hong Kong district which is rapidly transforming from workshops to prime office projects.
Industrial developer Goodman confirmed to Mingtiandi today that it is… Read More>>
Keppel REIT Buys Sydney Office Park Asset From Goodman for A$306M
The manager of Singapore’s Keppel REIT announced today that it has agreed to acquire an office building in suburban Sydney for S$306 million ($223 million), adding a sixth Australian commercial asset to its portfolio.
The SGX-listed trust is acquiring a… Read More>>
Asia Real Estate People in the News 2020-04-20
In this week’s edition of People in the News, CBRE’s former managing director of asset services in Singapore has made the switch to London to head up the firm’s UK property management team, while Hong Kong’s Adamas Asset Management has… Read More>>
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