The value of prime Tokyo real estate leads today’s review of headlines from around Asia, as Japan’s Sapporo Holdings is said to have abandoned talks with PAG and KKR in favour of potentially more lucrative discussions with Lone Star and… Read More>>
Bain, KKR, PAG Prep Bids for $2.7B Sapporo Property Sale and More Asia Real Estate Headlines
Private equity giants including KKR, Bain, and Lone Star are preparing bids for Sapporo’s $2.7 billion real estate business, with a sale expected by November. Also in the news: Jardine’s profit surges, China’s housing slump deepens, and New World launches… Read More>>
Lone Star Buys Yokohama Apartment Block From Mapletree for Hotel Project
Lone Star Funds on Tuesday announced its acquisition of a 175-room lodging asset in central Yokohama from Singapore’s Mapletree Investments for an undisclosed price, as the US private equity firm hunts for value-add opportunities in Japan’s real estate market.
Oakwood… Read More>>
Warburg Pincus Buys 16,000-Room Japan Living Sector Portfolio
Warburg Pincus on Wednesday announced its acquisition of a 16,192-room shared living portfolio, marking the fund manager’s maiden investment in Japan’s rental housing sector.
Spanning 1,195 assets, the Tokyo Beta portfolio dominates the Japanese capital’s “share house” market, a sector… Read More>>
Lone Star Raises $2.7B for Value-Add Bets and More Asia Real Estate Headlines
US fund manager Lone Star closes on $2.7 billion for value-add plays in Japan and the West, with that story leading today’s headline roundup. Also making the list, China investigates a high-profile wealth management firm and Australia’s caps on foreign… Read More>>
Asia Real Estate People in the News 2024-04-15
New leadership for a top investment bank’s Korea business leads this week’s collection of real estate headlines from around Asia Pacific, with DWS also making the list with an Aussie upgrade. Back in the US, Lone Star names a new… Read More>>
CC Land Boss Wins Approval for £500M London Palace and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Hong Kong tycoon wins permission to build his eight-storey central London hideaway, the kings of Causeway Bay snap up another slice of the premier retail district, and a Texas-based private equity player… Read More>>
Lone Star Fends Off Blackstone to Buy Japan’s Unizo for JPY 205B
Lone Star Funds has succeeded in its JPY 205 billion ($1.9 billion) takeover of Japanese hotelier and property company Unizo, triumphing over rivals Blackstone and Fortress Investment Group.
Unizo said in a statement yesterday that Lone Star’s JPY 6,000 per… Read More>>
Blackstone Tops Lone Star Offer with JPY 250B Bid for Japanese Hotel Firm
Blackstone has improved its bid for a Japanese hotelier and property developer to JPY 205 billion ($1.85 billion), as the US private equity giant tops an existing offer by rival Lone Star Funds that values the company at JPY 195… Read More>>
Blackstone Boosts Bid in Battle with Lone Star, Fortress for Japanese Hotelier
Blackstone has raised its bid for Unizo Holdings to JPY 192 billion ($1.76 billion), forcing fresh moves by rivals Lone Star Funds and Fortress Investment Group in the contest for the Tokyo-listed hotelier and real estate investment firm.
Blackstone said… Read More>>