Any analysts still agog over WeWork’s $20 billion valuation may need to seek professional help if the shared office superstar achieves its goal of a $40 billion valuation as it discusses a new round of funding led by Softbank. Meanwhile,… Read More>>
Blackstone Bets on Aussie Offices with $2.3B Bid for Investa Office Fund
US private equity giant Blackstone has placed a A$3.08 billion ($2.3 billion) cash bid to take over Investa Office Fund (IOF), an Australia-listed real estate investment trust with a portfolio of 20 downtown office assets in Sydney and other cities.
Guangxi Mall Goes Bra Crazy for Women’s Day and More China Real Estate Headlines 2016-03-10
A Chinese mall finds a lacy marketing edge that can’t be outdone by ecommerce, Swire signs up its first office tenant in Miami, and the parent company of the mainland’s Joy City mall chain decides now is a… Read More>>
China’s CIC Said Ready to Bid for $2.4B Aussie Office Fund
The mainland’s biggest buyer of overseas real estate assets may be about to add another $2.4 billion to its global portfolio, as China Investment Corporation (CIC) is said to be considering buying out an Australian property fund.
CIC, which has… Read More>>
Morgan Stanley Sells Australian Property Portfolio to CIC for $1.79B
Morgan Stanley Real Estate Investing announced today that it has agreed to sell the real estate portfolio belonging to its Australian subsidiary, Investa Property Group, to China Investment Corporation (CIC) for A$2.45 billion ($1.79 billion). The deal instantly makes the Chinese sovereign… Read More>>