A London transaction leads today’s review of real estate headlines from around Asia Pacific, as a Hong Kong hotel firm sells an asset in the UK capital to reduce debt. Also in the news, Google has plans for a $6… Read More>>
Invesco Named Preferred Bidder for Seoul Co-Living Asset and More Asia Real Estate Headlines
A joint venture led by US asset manager Invesco enjoys the inside track to acquire a Seoul co-living property, with that report leading today’s headline roundup. Also making the list, South Korea’s Koramco seeks to build a domestic data centre… Read More>>
Citi Files Wind-Up Petition Against Shenzhen Developer and More Asia Real Estate Headlines
Shenzhen’s China South City is the latest mainland builder to be served with a winding-up petition in a Hong Kong court, with that legal action leading today’s headline roundup. Also in the news, Koramco moves to the top of the… Read More>>
Country Garden Offers to Swap Loan for Malaysia Project and More Asia Real Estate Headlines
Forest City, Country Garden’s Malaysian mega-project, becomes a bargaining chip as the Chinese builder hammers out a debt restructuring deal, with that story leading today’s headline roundup. Also making the list, South Korea’s Koramco markets a Seoul office tower and… Read More>>
Singapore’s GIC Sells Seoul Office Tower to Korean NPS, Koramco for $180M
Singapore sovereign fund GIC has completed the sale of a central Seoul office tower to an investor group including South Korea’s National Pension Service and Koramco Asset Management for KRW 247.7 billion ($180 million).
The deal value for The Exchange… Read More>>
China Home Price Slide Accelerates and More Asia Real Estate Headlines
New home prices dropped still faster in September despite recent government moves to support the sector, with that news leading Mingtiandi’s headline roundup today. Also making the list is a Chinese data centre operator buying a Malaysian site and Vietnam… Read More>>
Korea’s Koramco Sells Gangnam Office Tower to Samsung SRA for $820M
A private REIT of South Korean fund manager Koramco has sold an office tower in Seoul’s Gangnam business district to Samsung SRA Asset Management for KRW 1.1 trillion ($820 million).
The disposal of The Asset Gangnam by Kocref 43 REIT… Read More>>
CapitaLand Fund Buys Seoul Office Tower From Korea’s NPS for $330M
Singapore’s CapitaLand Investment has completed its KRW 440.8 billion ($330 million) purchase of the Golden Tower office building in Seoul’s Gangnam business district from South Korea’s NPS on behalf of a new private fund.
The fund management arm of property… Read More>>
CapitaLand in Exclusive Talks to Buy Gangnam Office Tower From Korea’s NPS for $320M
Seoul continues to stand out as Asia’s hottest market for office properties with Singapore’s CapitaLand Investment now in late stage negotiations for the acquisition of a tower in the Gangnam business district owned by Korea’s NPS for a reported KRW… Read More>>
Blackstone Sells Seoul’s Arc Place to Koramco Fund for $588M
Blackstone has closed on Korea’s biggest real estate asset transaction of this year, with the company confirming that it has sold Arc Place in Seoul to local fund manager Koramco.
The 62,748 square metre (675,414 square foot) property is changing… Read More>>