Asia real estate and outbound investment news
Manulife US REIT (MUST) has unveiled a recapitalisation proposal involving a $235.7 million lifeline from its sponsor and a hoped-for one-year debt extension from creditors, in an effort to rescue the Singapore exchange’s most over-leveraged property trust.
The bailout includes… Read More>>
WeWork has formally filed for bankruptcy with that story leading today’s headline roundup as landlords brace for some lease renegotiations. Also in the news, defaulting mainland developer China SCE Group is shifting a Beijing mall to its property management unit… Read More>>
Sweden’s EQT has renewed its pursuit of Chinese-owned data centre operator Global Switch, with that deal leading Mingtiandi’s today headline roundup. Also in the news, CalPERS doubles down on climate-related investments and Blackstone turns its attention to Japan and India.
Manulife US REIT (MUST) welcomed new leadership on Thursday appointing Marc Feliciano as non-executive chairman as the Singapore-listed REIT struggles through an 81 percent slide in its equity price this year.
Feliciano, who took over as global head of real… Read More>>
China Evergrande is back in the news as the teetering giant leads today’s headline roundup with a revised proposal for restructuring $300 billion in debt. Also in the news, the owners of a Singapore office tower head back to market… Read More>>
Buying a home in China was once a step on the road to wealth, but it may now look like the first chapter in a horror story, according to a Morgan Stanley survey that leads today’s headline roundup. Also in… Read More>>
A top level change at a North American pension fund manager leads this week’s collection of personnel moves from around the region with a board shift at China Resources Land also making the list. Manulife US Real Estate Investment Trust… Read More>>
In today’s roundup of regional news headlines, SGX-listed Manulife US REIT receives analyst downgrades after reporting a worse-than-expected drop in portfolio valuation, and Korean investors reel from bad bets in global office markets. Also making the list are state-backed Chinese… Read More>>
In today’s roundup of regional real estate headlines, Singapore-based Digital Edge breaks ground on its Tokyo data centre project with local builder Hulic, and Hong Kong chalks up its biggest retail lease since the pandemic ended. Also in the news,… Read More>>
Singapore-listed Manulife US REIT said on Wednesday that it has signed a preliminary deal to sell an Atlanta office asset to its sponsor as its debt level threatens to hit the government’s 50 percent limit.
With the trust’s gearing now… Read More>>
