Asia Pacific real estate investment news and information
Mandarin Oriental shareholders have overwhelmingly approved a proposal for Jardine Matheson to acquire the remaining 11.96 percent of equity in the luxury hotel operator not yet owned by the parent group.
The vote took place Monday and clears the way… Read More>>
Jardine Matheson’s third-quarter portfolio performance was in line with the group’s expectations, according to a management statement released late last week, as the Hong Kong-based conglomerate continues to chart its evolution from an owner-operator to a long-term investor in the… Read More>>
Hongkong Land reported a 13 percent year-on-year drop in third-quarter underlying profit on lower contributions from the builder’s Central-based hometown office portfolio.
The declining results for its Central office holdings, a set of 12 interconnected commercial buildings at the heart… Read More>>
Indonesia’s Astra Property, the real estate division of Jardine Matheson’s Astra conglomerate, has acquired a 83.67 percent stake in warehouse specialist Mega Manunggal Property for IDR 3.35 trillion ($202 million).
The transaction values MMP at $241 million on an equity… Read More>>
Alibaba Group is in talks to buy the top 13 floors of the Mandarin Oriental Hotel Group’s soon to be completed Causeway Bay commercial tower in a HK$7 billion ($900 million) deal which would rank as Hong Kong’s largest of… Read More>>
Hongkong Land reported a first-half attributable profit of $221 million, reversing a year-earlier loss of $833 million, as the valuation of the builder’s Central-based hometown office portfolio stabilised for the first time since rents began to decline in 2019.
The… Read More>>
Personnel moves in Hong Kong, Singapore and Tokyo lead this week’s review of job changes from across Asia’s real estate industry, with Jardine Matheson taking further turn toward a fund manager identity, Singapore’s Keppel installing a banker in a senior… Read More>>
Australia’s Lendlease welcomes two Japanese investors into a London office development, with that deal leading today’s headline roundup. Also in the news, Blackstone is reportedly in talks to exit its stake in Sydney’s Grosvenor Place and M&G acquires an interest… Read More>>
Hongkong Land has unveiled a strategy overhaul aimed at doubling its recurring profit by 2035, with the developer targeting to unlock up to $10 billion in capital by shuttering its build-to-sell residential development business and divesting assets into REITs and… Read More>>
Hongkong Land booked a total half-year attributable loss of $833 million, more than doubling its shortfall from the same period last year, as markdowns on its investment properties continued to weigh on profitability.
The Jardine Matheson-controlled developer’s underlying business recorded… Read More>>
