A consortium led by SingHaiyi Group has agreed to acquire an ageing condo complex on Singapore’s Upper East Coast for S$880 million ($692 million), stepping in after a public tender for collective sale of the redevelopment project failed to attract… Read More>>
Suntec REIT Flags Tang-Owned UBS Singapore HQ as Potential Pipeline Buy
Singapore-listed Suntec REIT’s manager has identified 9 Penang Road, a commercial block in the Orchard Road area owned by its new sponsor, as a potential acquisition target, offering an early signal of deal flow following Tang Organization’s takeover of the… Read More>>
Singapore’s Far East Selling Tuas Warehouses for $253M and More APAC Real Estate Headlines
The appeal of Singapore industrial assets with long land leases leads today’s headline roundup today, with a unit of China’s HNA Group teaming up with a pair of companies led by natives of the Chinese port city of Wenzhou to… Read More>>
Hongkong Land Buys $422M Suntec REIT Stake as Gordon Tang Takes Control of Manager
Hongkong Land on Thursday acquired a 10.8 percent interest in Suntec REIT from ESR for S$541 million ($422 million), in a deal that expands the developer’s exposure to Singapore’s prime office market.
The stake gives Jardine Matheson-controlled Hongkong Land a… Read More>>
Gordon Tang’s Acrophyte Set to Buy Manager of Suntec REIT From ESR for $147M
Singapore’s most acquisitive, and mysterious, real estate investor is set to add the manager of a major real estate investment trust to his empire, according to a statement late Tuesday, continuing a string of moves involving SGX-listed property entities.
Acrophyte… Read More>>
Bids for Starbucks China Stake Reach $5B Valuation and More Asia Real Estate Headlines
Chinese coffee competition leads today’s look at real estate news from around Asia as private equity giants submit bids to take over Starbucks China operation. Also making the news is Japanese backing for a Sydney residential project and some encouraging… Read More>>
Gordon Tang-Led JV Places Top Bid for Singapore Site and More Asia Real Estate Headlines
A joint venture set up by Gordon Tang places the highest bid for a Singapore residential site, as the windsurfer’s latest moves lead today’s headline roundup. Also making the list, Bain Capital-backed Bridge Data Centres secures a large bank facility… Read More>>
GIC Industrial JV Buys Vancouver Project for $100M and More Asia Real Estate Headlines
GIC teams with a Canadian REIT to buy a North Vancouver industrial project, with that deal leading today’s headline roundup. Also in the news, Singtel’s Nxera secures financing for a Singapore data centre and Temasek’s SeaTown lends $100 million to… Read More>>
Gordon Tang Buyout of Suntec REIT Looks Set to Fail as Deadline Extended Again
Mysterious mainland investors Gordon and Celine Tang may fall short in their fourth attempt to buy out a Singapore-listed property investor, with owners of Suntec REIT equity turning up their noses at what analysts describe as a low-ball privatisation offer.
Gordon Tang Sweetens Buyout Bid for Suntec REIT After Investors Shun “Unattractive” Offer
After a bid described by analysts as “unattractive” garnered less than a quarter of a percent acceptance, mysterious mainland investors Gordon and Celine Tang are raising their offer to buy out Singapore-listed Suntec REIT.
The Tangs, through their investment vehicle… Read More>>