Real estate transaction volumes in Asia Pacific hit a historic high of $86 billion in the first half of 2019, an increase of six percent year on year, despite property investment dropping by nineteen percent globally, according to a recent… Read More>>
Commerzbank Sells 71 Robinson Road in Singapore to Sun Venture for S$655M
A unit of Germany’s Commerzbank is selling an office tower in Singapore’s central business district at a 12 percent mark-down, some eleven years after purchasing the 13-storey office tower for S$744 million (now $542.79 million).
Commerz Real has sold 71… Read More>>
JLL Names China Valuation Chief in Singapore
JLL has appointed Singapore-based Joseph Lee as senior director of its China valuation advisory division to drive the growth of its valuation business across Asia Pacific, according to an announcement by the company.
JLL plans to leverage Lee’s experience in… Read More>>
Allianz, Gaw Pair Up to Buy Singapore’s Duo Complex for S$1.6B
Allianz Real Estate and Gaw Capital have agreed to acquire the Duo Tower and Duo Galleria in Singapore for S$1.6 billion ($1.2 billion), according to a joint announcement by the two companies.
The Munich-based insurer is set to own a… Read More>>
Asia Real Estate People in the News 2019-07-29
In this week’s edition of People in the News, the chief executive officer of the Indian arm of Emaar Properties hands in his resignation after thirteen months, citing personal reasons.
In other fresh moves around the region, a fund manager… Read More>>
JLL, Swire, Ping An Launch Mainland China’s First Proptech Accelerator
Property agent JLL, developer Swire Properties and the real estate technology arm of China’s biggest insurer Ping An kicked off mainland China’s first corporate proptech accelerator programme at an official launch in Shanghai last week.
Known as UrbanLab, the initiative… Read More>>
JLL Completes $1.8B Acquisition of US Brokerage HFF
JLL has acquired Dallas-based brokerage HFF for a consideration of $1.8 billion, completing a merger that will boost its cross-border capital investment opportunities into and out of Asia Pacific, according to a company announcement.
The acquisition will bring JLL’s capital… Read More>>
Asia Real Estate People in the News 2019-07-01
In this week’s edition of People in the News, a Hong Kong-listed developer sees a boss’s son take another step up the family business ladder as he is given responsibility for activities in Shanghai, Jiangsu, and Shandong Qingdao, while a… Read More>>
Gavin Morgan Named Hong Kong MD for JLL as Tsang Moves to Chairman Role
Property consultancy JLL has rejigged its senior leadership in Hong Kong, according to an announcement by the company today, as it expands Gavin Morgan’s role in the world’s most expensive real estate market.
Morgan, who has spent most of his… Read More>>
Savills Notches HK$1.9B Sheung Wan Office Tower Sale and More Agency Wins Mingtiandi Broker Battle
A trio of investment transactions in Hong Kong leads the way in Mingtiandi’s latest list of brokerage wins with Savills brokering the sale of a 32-storey office tower in Sheung Wan for HK$1.9 billion, while Cushman and Wakefield negotiated the… Read More>>
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