ESR has acquired its second project ever in Hong Kong, having shouldered aside two competing bids to secure a logistics site at the city’s Kwai Chung container port for nearly HK$5.26 billion ($668.7 million), according to an announcement made late… Read More>>
Mandarin Oriental Selling DC Hotel to UK’s Henderson Park For $139M
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
People’s Park Centre in Singapore’s Chinatown on the Market for $1.3B
An ageing commercial and residential complex in Singapore’s Chinatown is back on the en bloc market for S$1.8 billion ($1.28 billion) in what could be the city’s largest collective sale ever.
More than 80 percent of the owners of the… Read More>>
Bouwinvest, TIAA Boost Nuveen Japan Housing Fund to $100M First Closing
Nuveen Real Estate has achieved a $100 million first closing of its Japan Alternatives Living strategy, which will focus on stabilised senior housing assets and also consider investments in the student accommodation, single family and co-living sectors.
Having recruited Dutch… Read More>>
ESR Selling 9 China Logistics Assets to GIC JV for $730M
Warehouse giant ESR has agreed to sell a portfolio of nine industrial assets in China to a joint venture of the Hong Kong-listed group and Singapore sovereign fund GIC for $730 million.
The portfolio is 98 percent occupied and consists… Read More>>
NTUC Selling 16 Collyer Quay in Singapore to China’s Bright Ruby for $717M
Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources… Read More>>
Kerry Properties CFO Resigns After Less Than 8 Months on Developer’s Board
Hong Kong-listed developer Kerry Properties waited until the city was transfixed with the arrival of a visitor from the north to announce the departure of its chief financial officer after a brief stint on the company’s board.
The developer controlled… Read More>>
Angelo Gordon JV Closes in on $570M Sale in Singapore’s Bugis Area
Singapore’s office market continues to heat up with two towers in the city-state’s downtown area nearing sales at a combined S$790 million ($570 million), including a property in the Bugis area which Sun Venture is close to buying from an… Read More>>
China Resources Buying Mall in Hong Kong’s New Territories for $170M
A unit of China Resources Group has picked up the group’s fifth major Hong Kong property over the past year with its purchase of a shopping complex in the New Territories from mainland investor Hugo Lam Chi-fung for a record… Read More>>
CapitaLand Sets Up First Onshore RMB Fund, Buys Shanghai Building
CapitaLand Investment (CLI) said Wednesday it has set up its first onshore renminbi fund in China with the vehicle acquiring an office building in Shanghai.
CLI holds a 12% stake in the RMB 700 million ($98 million) fund, in partnership… Read More>>
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