Singapore investment manager Sun Venture has made its first hospitality bet by acquiring a 280-key hotel in central London from UK asset manager Resolution Property for less than £100 million ($126.5 million), according to market sources familiar with the transaction.
CDL Buying $111M London Co-Living Project From Bridges Fund Management
City Developments Ltd (CDL) continues to ramp up its presence in the UK’s build-to-rent sector with the Singaporean property giant announcing this week that it has acquired a £88 million ($111 million) rental residential project in West London’s White City… Read More>>
Receivers Sell London Office Tower Seized From China’s Cheung Kei for 60% Off
An office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being sold by receivers for £110 million ($134 million) — 60 percent less than what the mainland investor paid… Read More>>
Guangzhou R&F Selling $1.3B London Project to CC Land Chairman for 13 Cents
Cheung Chung-kiu has once again come to the rescue of his Chinese billionaire builder brethren, with the chairman of mainland developer CC Land inking a preliminary agreement to buy a $1.3 billion London project from Guangzhou R&F Properties for HK$1… Read More>>
Cindat-CITIC Capital London JV Taken Over by Receivers
A stalled luxury apartment project in London’s prestigious Mayfair district which had been backed by Chinese real estate private equity firm Cindat Capital Management and CITIC Capital has gone into administration after defaulting on a loan from an Apollo Global… Read More>>
HK Investor Lai Wing-to Marketing London West End Buildings as Asset Sales Continue
Hong Kong investor Lai Wing-to is shopping a trio of mixed-use properties in London’s posh West End area, reversing a decade of acquisitions in the British capital as commercial property values decline and retail sales remain subdued both at home… Read More>>
Indian Vaccine Heir Said Buying London’s Priciest Home of 2023 in $173M Deal
Indian vaccine tycoon Adar Poonawalla is reportedly spending about £138 million ($173 million) to purchase a mansion in London’s West End in what ranks as the UK capital’s most expensive home purchase this year.
Poonawalla, chief executive of Serum Institute… Read More>>
Mitsubishi Estate JV Buying Former WeWork London Location at 44% Markdown
Mitsubishi Estate has acquired a London office tower formerly leased to WeWork for a price reported to be almost 44 percent less than what the seller, a joint venture between Savills Investment Management and Korea’s Vestas Investment Management, paid to… Read More>>
Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects
Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.
A joint venture between CDL and UK developer… Read More>>
Receivers Marketing London Office Tower Seized From Mainland Tycoon
Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime… Read More>>
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