Asia real estate and outbound investment news
Nuveen Real Estate has made its first splash in Asia’s hottest office market with the purchase of a central Seoul building for a reported KRW 350 billion ($250 million).
The Chicago-based fund manager acquired the Jeongdong Building in the South… Read More>>
Korean retail leads today’s headline roundup, with IGIS Asset Management seeking a buyer for a shopping mall in the heart of Seoul. Also in the news, Australia’s Aware Super fund buys a Melbourne industrial estate and discounted rent lures clothing… Read More>>
Macquarie Asset Management has agreed to acquire the 40-megawatt Hanam Data Centre near Seoul for KRW 734 billion ($530 million), confirming June reports that the Aussie firm was in due diligence to buy the soon-to-be-completed facility from South Korea’s IGIS… Read More>>
Korea’s IGIS Asset Management has selected Macquarie Asset Management as the preferred bidder for a data centre near Seoul as an undersupplied market heats up competition for digital infrastructure assets in the North Asian nation.
The Australian investment manager is… Read More>>
Singapore-listed Paragon REIT leads Mingtiandi’s headline roundup today as it aims to sell a mall in the city-state’s Upper Bukit Timah areas for more than $59 million. IGIS Asset Management also makes the news as a fund managed by the… Read More>>
With investors rushing to snatch up Korean office properties, a consortium led by US private equity giant KKR is putting a 23-storey tower on the market with the potential to achieve a nearly 60 percent mark-up from their 2020 purchase… Read More>>
South Korea’s IGIS Asset Management leads Mingtiandi’s headline roundup today as it agrees to buy bad loans linked to construction firm Taeyoung E&C in a debt workout plan. Also making the list, mainland new home prices squeak out a monthly… Read More>>
KKR has sold a recently completed Seoul-area warehouse leased to Korea’s largest e-commerce player for a reported KRW 500 billion ($366.4 million), as online shopping continues to gain traction in the northern Asian country.
The US private equity giant sold… Read More>>
One of China’s largest state-owned developers has posted double-digit profit growth for 2023, despite the troubles facing most of its competitors, with that story leading Mingtiandi’s roundup of real estate headlines from around the region. Also in the news, Blackstone… Read More>>
Brookfield is said to have moved into late-stage negotiations with ESR’s ARA Korea unit for the sale of its Conrad Seoul hotel, with that story leading Mingtiandi’s roundup of headlines from around the region today. Also in the news, China… Read More>>
