Asia real estate and outbound investment news
M&G Real Estate has completed its purchase of four car showrooms in Singapore from auto distributor Jardine Cycle & Carriage (JC&C) for a combined S$333 million ($248 million), in the city-state’s largest industrial deal in nearly four years.
“The attraction… Read More>>
Hong Kong-based Mandarin Oriental International announced a return to underlying profit in last year’s preliminary results as the hotel group’s revenue surpassed pre-pandemic levels.
The Jardine Matheson-controlled chain posted an underlying profit attributable to shareholders of $8 million for the… Read More>>
In today’s roundup of regional news headlines, Hong Kong’s Jardine Matheson reports improved underlying earnings, and US private equity giant Blackstone reportedly defaults on a euro-denominated commercial mortgage-backed security.
Jardine Matheson Posts Higher Underlying Earnings, Eyes Beefed-Up… Read More>>
M&G Real Estate has agreed to acquire four car showrooms in Singapore from auto distributor Jardine Cycle & Carriage (JC&C) for an undisclosed sum, according to industry sources who spoke with Mingtiandi.
UK-based M&G signed a sale and purchase agreement… Read More>>
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
Hongkong Land reported higher underlying profit in the first quarter of 2022 compared with year-earlier levels, as a rise in completions from its development pipeline in mainland China offset COVID-led weakness in the group’s office and retail portfolios at home.
Hongkong Land is embarking on its first-ever logistics project by teaming up with its Indonesian sister firm PT Astra International and warehouse specialist Logos Property in a joint venture to develop and manage warehouses in Southeast Asia’s largest economy.
The… Read More>>
Just days after unveiling its acquisition of a trio of retail assets in Sydney, Link REIT has announced the purchase of four more properties in a single day to bring its deal total for the week to nearly $1.26 billion.
Hongkong Land Holdings on Thursday reported a 12 percent year-on-year rise in first-half underlying profit and a narrowing of net losses, as the developer synonymous with Hong Kong’s commercial core continues to muddle through challenging times for commercial landlords.
The… Read More>>
Blue-chip developer Hongkong Land announced Thursday that chief financial officer Simon Dixon is stepping down from his role at the end of August to return to Australia.
Dixon will be succeeded by Craig Beattie, currently chief financial officer of hotel… Read More>>
