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Michael Arougheti, Chief Executive Officer and President of Ares

Ares Said in Talks to Invest in GLP’s Non-China Fund Business

2024/06/14 by Michael Cole Leave a Comment

Ares Management, which has expanded its Asia presence through a series of acquisitions over the past four years, may be on the verge of its biggest buy yet, with a report on Friday indicating that the US firm could acquire… Read More>>

Microsoft Buying Malaysia Data Centre Site From EcoWorld for $85M

2024/06/13 by Christopher Caillavet Leave a Comment

A data centre unit of tech giant Microsoft has agreed to acquire a development site in Malaysia for MYR 402.3 million ($85.5 million).

The land’s seller, Kuala Lumpur-based developer EcoWorld, announced the all-cash deal this week in a stock filing…. Read More>>

Kurt Wilkinson, founding partner of Arrow Capital Partners

Starwood-Arrow Capital JV Offloads Aussie Logistics Assets for $110M

2024/06/11 by Kevin He Leave a Comment

A joint venture between an affiliate of Starwood Capital and Sydney-based Arrow Capital Partners has divested a portfolio of seven logistics properties near Sydney and Melbourne for A$166.8 million ($110 million), after average prime net face rents of Australian industrial… Read More>>

Far East Shopping Centre

Owners Reject Bid for Far East Shopping Centre on Singapore’s Orchard Road

2024/06/09 by Christopher Caillavet Leave a Comment

For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last hurdle, with owners rejecting an offer of roughly S$880 million ($654.5 million) for the strata-title property on Singapore’s Orchard… Read More>>

Laurent Jacquemin, head of Asia Pacific of AXA IM Alts

AXA IM Alts Buys Kyoto Hotel for $44M as Japan Hospitality Deal Streak Continues

2024/06/05 by Kevin He Leave a Comment

AXA IM Alts has acquired a Kyoto hotel for JPY 6.8 billion ($44 million), as global investors continue to favour Japanese hospitality assets amid a tourism boom that drove visitor arrivals to a record 8.56 million in the first quarter,… Read More>>

ARA Korea CEO Anthony Kang

ARA Korea Buying Conrad Seoul Hotel from Brookfield for $289M

2024/06/04 by Kevin He Leave a Comment

The Korean unit of Singapore-based real estate fund manager ARA Asset Management has agreed to acquire the Conrad hotel in Seoul from Canadian giant Brookfield Asset Management, after a travel rebound saw the number of international tourists in the first… Read More>>

Sharon Lim of Mapletree

PAG Buying Mapletree Anson From MPACT for $574M in Singapore’s Biggest Deal of 2024

2024/05/31 by Beatrice Laforga Leave a Comment

Mapletree Pan Asia Commercial Trust (MPACT) is selling its flagship office building in downtown Singapore to regional private equity titan PAG for S$775 million ($574 million), in a deal which will rank as the city-state’s largest office transaction in two… Read More>>

Sherman Kwek of CDL

CDL Buying Singapore’s Delfi Orchard for $326M on Way to Redevelopment Project

2024/05/28 by Michael Cole Leave a Comment

Singapore’s City Developments Ltd is on its way to adding one more redevelopment project to a rapidly transforming Orchard Road after winning a tender for a commercial building along the city-state’s famed shopping street.

The developer known as CDL was… Read More>>

Jean Kam, incoming CEO of Mapletree Logistics Trust's manager

Jean Kam Named CEO at Mapletree Logistics Trust, Succeeding Ng Kiat

2024/05/28 by Christopher Caillavet Leave a Comment

The manager of Mapletree Logistics Trust has tapped the Singapore-listed REIT’s head of investment, Jean Kam, to serve as the next CEO.

Kam succeeds Ng Kiat, who is stepping down on 22 July to assume new responsibilities at sponsor Mapletree… Read More>>

Citi CEO Jane Fraser

Citigroup Said Ready to Hand Back Singapore Office Floor With Hybrid Work on the Rise 

2024/05/26 by Beatrice Laforga Leave a Comment

One month after Singapore authorities said they would begin requiring employers to facilitate employee requests for flexible work, global banking giant Citigroup is reported to be considering shrinking its footprint in one of the city-state’s priciest commercial hubs.

Citi is… Read More>>

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