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’s Viva Land Sets Singapore Price Record with $173M Hotel Buy
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>>
R&F Selling Stake in London Project at $230M Loss, PWC Resigns as Auditors
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>>
GDS, YTL to Develop 8 Data Centres in Malaysia’s Johor State
Shanghai-based GDS Holdings has hooked up with Malaysia-listed YTL Power International to co-develop 168 megawatts of data centre capacity across eight individual facilities at a campus in Malaysia’s Johor state.
The first phase of the co-development will enter service in… Read More>>
Jessie Liu to Lead Manulife Asia Property Investment as Kenny Lam Exits Firm
Manulife Investment Management on Thursday announced the promotion of Jessie Liu to head of transactions and portfolio management for Asia real estate private markets, a role in which she will take over the duties of the departing Kenny Lam.
Liu… Read More>>
Blackstone Raised $1.1B for Third Asia Real Estate Fund Amid ‘Challenging’ First Quarter
Blackstone on Thursday said it secured $1.1 billion in capital commitments for its third Asian opportunistic real estate fund in the first quarter, as a focus on hard assets helped the private equity giant weather what it called “an extremely… Read More>>
Hong Kong’s Phoenix Flips Sapporo Office Building After 10 Months of Ownership
Hong Kong-based Phoenix Property Investors on Wednesday announced its disposal of an office building in Sapporo, a mere 10 months after taking possession of the Grade A property.
The private equity shop had entered into a forward purchase agreement in… Read More>>
ARA, Chelsfield Say Sale of Singapore’s Lazada One Heading into Final Stages
ARA Asset Management and Chelsfield Asia are officially opening their office project in Singapore’s Bras Basah area this week, with top executives from the two firms confirming that the building now known as Lazada One is the target of offers… Read More>>
Alibaba-Backed E-House Faces Monday Default on $298M Bond
China’s real estate troubles have hit one of the country’s largest property service providers, with a brokerage and data provider backed by Alibaba announcing on Thursday that it is unlikely to be able to pay a $298.2 million bond due… Read More>>
China Dominates List of Global Real Estate Billionaires, Led by HK’s Li Ka-shing
Despite turmoil in the country’s property market last year, China managed to nab more than half the spots in market research consultancy Hurun’s list of the top 100 real estate billionaires in the world.
The most populous nation on earth… Read More>>
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