In today’s roundup of regional news headlines, the chairman of beleaguered developer China Fortune Land Development, Wang Wenxue, shakes off his firm’s debt woes with a little retail therapy, acquiring a Florida shopping mall through a private company he controls…. Read More>>
Asia Real Estate People in the News 2021-11-08
A top level change at Korea’s sovereign wealth fund leads this week’s roundup of personnel moves from around the region as KIC’s head of real estate reportedly is exiting the $157 billion fund after being name to his position in… Read More>>
KIC Sets Up Future Strategy Group, Announces Senior Promotions
Korea Investment Corporation (KIC) announced a senior management shuffle this week, accompanied by the establishment of a future strategy group to boost its strategic planning processes.
Among the leadership changes, Joseph Cha was named head of KIC’s real estate group,… Read More>>
Blackstone Wins $500M From Korea’s NPS and More Asia Real Estate Headlines
Blackstone is back in the news today as a story about the US private equity giant winning a $500 million investment from Korea’s National Pension Service leads today’s collection of headlines from around the region.
Also in… Read More>>
PropertyGuru Weighs US Listing via SPAC and More Asia Real Estate Headlines
In today’s edition of our regional news roundup, Singapore real estate website PropertyGuru mulls a US listing via merger with a SPAC, private equity bigfoot Blackstone takes steps to reopen its regional office in Seoul, and regulatory filings show that… Read More>>
Data Centre Player Global Switch Fishes for Buyers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a UK data centre operator’s Chinese owners consider selling out, a Korean sovereign wealth fund shakes up its leadership, and Hong Kong’s “Shop King” is sued over an unpaid debt.
Korea Investment Corporation Names Dae-yang Park As CIO
Korea Investment Corporation has appointed Dae-yang Park as its chief investment officer, according to an announcement by the sovereign wealth fund.
Park joins the South Korean sovereign wealth fund from the Korea Teachers Pension, where he had served as the… Read More>>
Real Estate Industry Group ANREV Rolls Out New Board
The Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) has announced a flurry of changes to its management board, with leaders from some of the world’s biggest investors taking new seats at the non-profit.
ANREV has appointed James… Read More>>
Google Bets on JD.com with $550M Retail Deal and More Asia Real Estate Headlines
Leading today’s roundup, Google is ramping up its retail investments in China as it aims to counter internet behemoth Alibaba, by ploughing over half a billion dollars into e-commerce titan JD.com. Also in the headlines, China’s home prices and property… Read More>>
Shui On Sells 49% Stake in Shanghai KIC Project for $443M
Shui On has agreed to sell a 49 percent stake in its mixed-use Knowledge and Innovation Community (KIC) project in Shanghai for RMB 2.95 billion ($443.1 million), as chairman Vincent Lo continues to bail out the developer’s balance sheet.
Through… Read More>>
