Asia Pacific real estate investment news and information
A fund managed by Singapore’s ARA Asset Management has agreed to purchase the iconic Seoul Square building from KR1 CR REIT, a locally listed trust whose largest shareholder is a division of Singapore’s Keppel Capital.
The deal, which is said… Read More>>
Luo Jun, founder of China’s answer to Airbnb, Tujia, has stepped down from his CEO role at the Ctrip-backed company, although he will continue to act as a director of the company he co-founded in 2011.
Luo was replaced at… Read More>>
CapitaLand announced today a $556 million first closing of its inaugural discretionary real estate debt fund, as Chinese property developers seek to refinance over $41 billion in debt during the first half of 2019.
The fund, named Credo 1, has… Read More>>
HNA Group is in advanced talks to sell the Reuters building in London for £135 million ($176 million), according to a report published yesterday by Bloomberg.
Should the deal be consummated, the insolvent mainland conglomerate would be selling 30 South… Read More>>
Hong Kong’s Link REIT has acquired a shopping mall in Shenzhen’s Futian district for RMB 6.6 billion ($982 million) according to an announcement by the manager of Asia’s largest real estate investment trust late on Wednesday.
The REIT’s purchase of… Read More>>
US apartment developer and operator Greystar Real Estate Partners announced late yesterday that a joint venture platform it established last year with a unit of Australia’s Macquarie Group had reached a $450 million first close of its first Asia rental… Read More>>
Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of its Asian division to US alternative investment giant Blackstone in a deal valued at $480 million.
The transaction… Read More>>
China Minsheng Investment Group (CMIG) has sold its 50 percent stake in a mixed-use project in Shanghai’s South Bund area to Greenland Group for RMB 12 billion ($1.77 billion), disposing of the high-profile site at an apparent loss as it… Read More>>
Real estate consultancy CBRE on Tuesday announced a reshuffle of its top leadership in Southeast Asia, as the firm shakes up its ranks in response to a global corporate restructuring first announced late last year.
Pauline Goh, who has served… Read More>>
Private equity firm PAG has purchased Mapletree Bay Point, a prime office building in Hong Kong’s Kowloon East area which is home to both HSBC and WeWork, according to sources familiar with the transaction who spoke with Mingtiandi.
The acquisition… Read More>>
