New World Development’s shares surged by up to 16 percent and dollar bonds rallied after reports of a potential $2.5 billion financing deal, leading today’s Asia real estate headlines. Also in the news, CapitaLand Ascendas REIT completed its $390 million… Read More>>
L&G Buying 75% Stake in Proprium to Boost Real Estate and Private Markets Business
British investment giant L&G has agreed to acquire a 75 percent stake in US fund manager Proprium Capital Partners in a bid to broaden the LSE-listed group’s geographic reach and real estate capabilities.
As part of the acquisition, L&G will… Read More>>
GIC to Invest $700M in Starbucks Korea and More Asia Real Estate Headlines
Singapore’s ever-active sovereign wealth fund is back in the news again today as GIC is said to be signing up for a 30 percent slice of Starbucks’ Korea operation, as the American coffee firm exits a joint venture with Shinsegae… Read More>>
Singapore’s GIC Buys LG Group’s China HQ for RMB 8B
Singapore’s GIC is spending RMB 8 billion ($1.15 billion) to ramp up its Beijing office portfolio by making the Chinese capital’s biggest office acquisition since early last year.
The sovereign wealth fund said in an announcement that it has acquired… Read More>>