Asia real estate and outbound investment news
Amazon is reportedly nearing a deal to lease as much as 350,000 square feet (32,516 square metres) of office space at the under-construction IOI Central Boulevard Towers in downtown Singapore.
The e-commerce giant is said to be in advanced talks… Read More>>
Sweden’s EQT Exeter plans to launch an Asia Pacific logistics fund to pursue investment opportunities in the region’s top markets, a key executive told MTD TV on Thursday.
Matthew Zann, who leads APAC for EQT Exeter, revealed the upcoming strategy… Read More>>
European insurance giant Allianz did not have to look too far for the new head of its real estate unit for Asia Pacific, with company representatives informing Mingtiandi on Wednesday that it has hired NPS veteran Scott Kim to replace… Read More>>
Baring Private Equity is making Australia’s biggest hotel purchase ever, with the Hong Kong-based firm agreeing to acquire the five-star Hilton Sydney from Bright Ruby Resources for A$530 million ($364.7 million), insiders confirmed on Thursday.
In addition to being the… Read More>>
Weave Living, through a joint venture with global investor Angelo Gordon, has agreed to purchase a hotel in Hong Kong Island’s Western district for HK$900 million ($115 million) from a property firm controlled by William Cheng, the son-in-law of Henderson… Read More>>
Two units on a high-level floor at CK Asset’s Mid-Levels luxury project sold last week for a combined HK$393.9 million ($50.1 million), showing the resilience of Hong Kong’s high-end housing market amid the COVID-led economic slowdown.
Hong Kong’s second-largest developer… Read More>>
Brookfield has agreed to acquire industrial assets in Hong Kong’s New Territories from Hanison Construction for HK$211.3 million ($26.9 million), following closely behind the Canadian asset management giant’s under-the-radar purchase of local self-storage operator RedBox.
The assets comprise workshops 1… Read More>>
Phoenix Property Investors is suing WeWork for abandoning a 10 year commitment to its flagship location in Causeway Bay, with the Hong Kong private equity shop said to be demanding payment of about HK$242 million ($30.8 million) on the alleged… Read More>>
Vietnam-based Viva Land has agreed to buy a boutique hotel along Singapore’s Robinson Road for around S$240 million ($173 million) from local developer Royal Group, Mingtiandi has confirmed, with the acquisition potentially paving the way for a new integrated development… Read More>>
Guangzhou R&F Properties continues its retreat from London’s Nine Elms regeneration area, announcing Thursday that it plans to sell its 50 percent stake in a joint project with fellow Chinese developer CC Land to the latter firm’s boss for HK$2.66… Read More>>
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