In today’s roundup of regional news headlines, a Chinese developer resorts to taking crops as payment for homes, heavily indebted Evergrande gets a delisting alert from the Hong Kong bourse, and Singapore’s DBS extends a sizeable green loan to sovereign… Read More>>
EQT’s EdgeConneX Acquires Lippo-Mitsui Indonesia Data Centre JV
EdgeConneX, a digital infrastructure provider backed by Swedish private equity firm EQT, has entered the Indonesia market with the acquisition of a local data centre joint venture from Mitsui and Lippo Group’s PT Multipolar Technology.
EdgeConneX said in a press… Read More>>
Alibaba Unit Leases Most of ARA, Chelsfield SG Project and More Asia Real Estate Headlines
In this edition of Mingtiandi’s regional news roundup, Alibaba’s Lazada e-commerce unit leases an expanse of Singapore office space, China plugs loopholes exploited by buyers to load up on multiple properties, and Hyundai mulls a major design change for its… Read More>>
Record Number of HK Buyers Abandon Home Purchases and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, Hong Kong homebuyers are walking away from deals at a record clip, Chinese online property platform KE raises $2.1 billion in a share sale, and a Chinese investment group withdraws its bid… Read More>>
Keppel Land to Develop S$98M India Condo JV and More Asia Real Estate Headlines
Emerging markets lead Asia’s real estate headlines today as deals in India and Indonesia show that investors are still ready for opportunities in high growth locations.
Also in the news, a pair of CapitaLand trusts have moved one step closer… Read More>>
Lippo’s OUE Sells Los Angeles Tower for $430M – 34% Below Book Value
OUE Limited, the Singapore-based property developer controlled by Indonesian conglomerate Lippo Group, said Friday that it has agreed to sell the iconic US Bank Tower in Los Angeles for $430 million.
The SGX-listed developer is selling the property to USBT… Read More>>
Asia Real Estate People in the News 2019-04-01
In this week’s edition of People in the News, Lippo boss Stephen Riady has been made a trustee of non-profit Asia Society, while a long-time banking executive has joined the Shenzhen company once notorious for a failed corporate raid on… Read More>>
Riady Family Leads $1B Rights Issue for Lippo Development Unit After Bribery Scandal
Indonesia’s Lippo Karawaci has secured $1.01 billion in new funding, as the real estate development division of the 69-year-old conglomerate seeks to revitalise its business.
Lippo, which is controlled by Indonesia’s billonaire Riady family, has teamed the recapitalisation with a… Read More>>
SG East Coast Condo Project Could Sell for $3.1B And More Asia Real Estate Headlines
Leading today’s roundup, the owners of Singapore’s Mandarin Gardens condominium agreed to put the mammoth project up for collective sale — but it won’t be cheap. Also in the headlines, a Singaporean developer is chipping in to a European property… Read More>>