Asia Pacific real estate investment news and information
US real estate continues to attract Singapore’s state-backed investment giants, with sovereign wealth fund GIC set to purchase a 27-hotel portfolio via a joint venture after reportedly acquiring 328 industrial properties in a separate deal.
Summit Hotel Properties, a New… Read More>>
Henderson Land Development has agreed to pay a record HK$50.8 billion ($6.5 billion) for a harbourfront site in Hong Kong, with the successful government land sale coming as confidence returns to the world’s most expensive real estate market.
The developer… Read More>>
A former top 10 mainland developer disclosed RMB 7.9 billion ($1.2 billion) in fresh defaults today, with China Fortune Land Development saying in a statement on its website that it was working to arrange repayment on a string of debt… Read More>>
A company controlled by the family of Hong Kong secretary for justice Teresa Cheng is jumping into the city’s industrial property boom with a HK$585 million ($75.2 million) purchase in the New Territories, according to an announcement this month to… Read More>>
The revolving door continues to whirl at Singapore’s real estate investment trusts, with OUE Commercial REIT becoming the latest to announce the resignation of its top executive.
Tan Shu Lin, who has served as chief executive and executive director at… Read More>>
Private equity titan Blackstone reported what it dubbed “the best results in our 36 years of history”, with distributable earnings more than doubling in the third quarter to $1.6 billion, as the Manhattan-based firm also shared some fresh milestones regarding… Read More>>
Sales of Hong Kong office space are on the way up, but at prices well below pre-COVID rates, as members of one of the city’s richest families recently picked up a pair of floors in Central at around 20 percent… Read More>>
A residential project in a toney section of Hong Kong island’s Happy Valley has sold for HK$1.24 billion ($159.4 million) following a rise in residential rents in the area, fueled by a healthy IPO pipeline and hopes for economic recovery… Read More>>
Thanks to support from some old friends, GLP has raised the largest-ever private fund targeting Japanese real estate, as the warehouse specialist closes on JPY 311 billion ($2.72 billion) for its GLP Japan Development Partners IV vehicle.
The fund manager… Read More>>
Beijing-based private equity firm Sino-Ocean Capital is tapping the financial resources of one of the world’s biggest sovereign wealth funds to set up a $1.4 billion China office fund seeded with two projects acquired from parent Sino-Ocean Group.
The new… Read More>>
