Heitman has acquired an industrial building in Hong Kong’s Fanling area from a grandson of New World founder Cheng Yu-tung for a reported HK$450 million ($57.33 million), with the US fund manager planning to transform the asset into a refrigerated… Read More>>
Heitman Buys 8 Tokyo Multi-Family Assets in First Japan Residential Play
Heitman has entered the Japanese residential market for the first time with the acquisition of a portfolio of eight multi-family assets across Tokyo for an undisclosed amount.
The 329-unit portfolio consists of five recently completed properties and another three properties… Read More>>
Skip Schwartz to Head Back to US as Heitman Preps New APAC Leadership
Heitman on Monday announced personnel moves to strengthen its Asia Pacific team, including the promotion of two executives as co-leads of regional private equity and an external hiring to beef up client services.
Brad Fu, head of acquisitions for APAC,… Read More>>
Asia Real Estate People in the News 2021-02-22
As the Ox Year gets under way in Asia the region’s real estate people are on the move, with a KKR managing director reportedly heading out the door in Singapore, and a top US architecture firm signing on new leadership… Read More>>
Asia Real Estate People in the News 2020-11-23
In this week’s edition of People in the News, a stalwart of the region-wide Guoco investment group retires after 40 years of service, while the next generation rises at mainland Chinese property management firm Kaisa Prosperity Holdings. In other moves,… Read More>>
Hong Kong Housing Dip is Done, Analysts Say and More Asia Real Estate Headlines
The biggest industry in Asia’s biggest wealthiest city is back on the rise according to a straw poll of property analysts, which puts their prediction of higher prices on the way for Hong Kong housing at the top of Mingtiandi’s… Read More>>
Gemdale Sells San Francisco Office Prize to Heitman for $73M
Another Chinese developer is selling off an overseas real estate project, but unlike its compatriots at Wanda, Greenland and HNA, state-owned Gemdale Properties and Investment is disposing of its grade A office project in San Francisco after completing and fully… Read More>>
Heitman Appoints Former Anbang Exec Brad Fu as Director of APAC Acquisitions
Private equity real estate firm Heitman has appointed former Anbang Insurance executive Brad Fu as Senior Vice President and Director of Asia-Pacific Acquisitions, based in the firm’s Hong Kong office, according to a statement by the company last week.
Fu… Read More>>
Heitman Announces Final Close of $338M Asia Property Fund
Chicago-based Heitman LLC has raised $338 million for a new closed-end fund targeting property in the region from Melbourne to Tokyo. Demand was seen as strong, as the initial target for the Heitman Asia-Pacific Property Investors (HAPI) vehicle was only… Read More>>
Asia Real Estate People in the News 2017-04-24
Leading off the region’s list of familiar faces in new places this week, one of the mainland’s biggest buyers of real estate has started acquiring talent as well, as a senior banking veteran gets a new ticket with HNA. Also… Read More>>