The head of Blackstone’s real estate business in mainland China is leaving the firm, Mingtiandi has learned, with ten-year company veteran Tim Wang due to leave the company by the end of this year, according to two sources familiar with… Read More>>
Kaisa Fights Activist Shareholder for Control of NYSE-Listed Nam Tai Property
A battle for control of a New York stock exchange-listed mainland developer entered its latest chapter this week when Nam Tai Property announced a new chairman, CEO and CFO.
The leadership change by the Shenzhen-based developer came after Kwok Ying… Read More>>
Oxford Properties Upgrades APAC Leadership in Drive to Boost Regional Allocation to 25%
Oxford Properties, the global property investment wing of one of Canada’s largest pension funds, has upgraded its Asia Pacific leadership as it aims to allocate 25 percent of its portfolio to the region, according to an announcement yesterday.
The division… Read More>>
Quickening Home Sales Drove China Property Investment to 16-Month High in August
After a gruesome start to the year, home sales in China continued to climb in August, and the country’s developers are responding by pouring more money into the sector, according to official data published this week.
Sales of new real… Read More>>
Hang Lung Names Chan Family Scion as Vice Chair
60 years after it was founded, the future of one of Hong Kong’s largest property developers became more apparent this month when the board of Hang Lung Properties appointed Adriel Wenbwo Chan as its new vice chair.
Chan, the son… Read More>>
Mapletree Trust Adds to US Data Centre Portfolio with $204M-Plus Virginia Buy
Singapore’s Mapletree Industrial Trust is adding to its collection of US data centres through an agreement to purchase a facility in Virginia for at least $204 million, the trust’s manager announced on Monday.
The unspecified server farm, which is believed… Read More>>
Hang Lung Buys US Govt Plot in Hong Kong at 37% Off 2018 Rates
Under a cloud of sanctions and suspended trade privileges, the US government sold a set of consular residences in Hong Kong’s southern District to Hang Lung Properties for HK$2.6 billion ($331 million), the developer said in an email to Mingtiandi… Read More>>
CapitaLand Unveils Plan for S$550M Singapore Business Campus
As a complement to the Singapore government’s vision to create a “world-class learning ecosystem in the research and knowledge hub,” Singapore’s CapitaLand unveiled its latest addition to the One North technology park on 9 September, the 400,000-square foot (37,100… Read More>>
Tenants Continue to Flee HK’s Central as Govt Agency Shifts to Kowloon East
The migration away from the world’s priciest office location continues with one of Hong Kong’s biggest office deals so far in 2020 taking a major tenant away from its current home in the city’s Central district.
The Hong Kong Mortgage… Read More>>
Bain-Backed APAC Data Center Platform Chindata Said Prepping for $400M US IPO
Bain Capital-backed Chinese hyperscale data centre operator Chindata Group is getting ready to make its debut on the New York Stock Exchange later this month, according to a report by Reuters on 1 September citing sources familiar with the planned… Read More>>
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