Blackstone is preparing to sell Germany’s largest office building to a Korean investor, with Hana Financial Investment said to have entered into exclusive negotiations to purchase a Frankfurt property from the US investment giant for KRW 1.3 trillion (1.1 billion).
Munich-based Wealthcore Investment Management has joined forces with a consortium of Korean investors including Hana Financial Investment to acquire the Hilton Parkview hotel in Vienna for €370 million ($414 million), according to an announcement by the German firm.
Wealthcore and… Read More>>
Koreans in Ireland and Singaporean’s in co-living lead Mingtiandi’s news roundup today as Hana Financial Group wraps up another Dublin shopping trip by making Ireland’s biggest property purchase so far this year. CapitaLand also hits the headlines with an announcement… Read More>>
Korean investors continue to raise their profile in cross-border real estate investment as JR AMC has purchased an office building in France from Tishman Speyer for KRW 220 billion ($194 million) according to reports in the Korean press.
The Seoul-based… Read More>>
China’s top two property developers are going in different directions with Country Garden seeing its future in small cities and counties while Evergrande is increasing its investment in the electric car market. Meanwhile Club Med is planning to open a… Read More>>
Predictions of post-Brexit chaos for the the UK seem not to have made their way to Asia yet, as a Korean asset manager has now agreed to buy a London office building from Blackstone for more than a quarter-billion pounds…. Read More>>
Cross-border investments continue to lead the region’s real estate news as we head into the second week in September, with once-super buyer HNA seemingly on its way to a complete liquidation of its overseas holdings, starting with $1.8 billion in… Read More>>
Singapore’s Alpha Investment Partners leads our collection of Asia real estate news as the private fund management division of Keppel Corp shops a Seoul office tower at a reported $885 million price tag. Also getting some ink is the return… Read More>>
Korean banks on South Korea’s Jeju island have reported as much as a thirty-fold increase in Chinese clients thanks to a series of real estate development schemes aimed at attracting Chinese homebuyers and vacationers to the resort location.
According to… Read More>>