A family reunion at one of Hong Kong’s largest developers leads this week’s roundup of personnel moves in Asia’s real estate community and we also find room for new leaders at a set of Singapore-listed REITs, plus updates from Link… Read More>>
ADIA Launches $590M India Office Fund With Kotak and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the Abu Dhabi Investment Authority creates an office platform with India’s Kotak Investment Advisors, Beijing instructs Hong Kong’s new leader to tackle the city’s housing issues, and a developer expresses interest in Singapore’s… Read More>>
Mapletree Wins Approval for $3.1B Commercial REIT Merger
Shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have approved a S$4.22 billion ($3.07 billion) merger, which creates the Singapore exchange’s third largest REIT, after sponsor Mapletree Investments sweetened the deal with an all-cash payout… Read More>>
Mapletree to Invest $1.6B to Ensure Success of MCT-MNACT REIT Merger
The managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have sweetened their proposed S$4.22-billion ($3.1 million) merger deal by offering an all-cash option funded by their sponsor, amid a flurry of criticism of the plan… Read More>>
Mapletree $3B REIT Merger Targeted by Activist Investor That Sank Sabana Deal
Opponents of the proposed merger of Singapore-listed Mapletree Commercial Trust and Mapletree North Asia Commercial Trust gained an experienced ally this week in activist investor Quarz Capital Management, which is urging MNACT unitholders to reject the S$4.22 billion ($3.13 billion)… Read More>>
Mapletree REIT Merger Plan Prompts Moody’s Credit Review
Less than a week after Mapletree Investments proposed to merge two of its commercial REITs, Moody’s Investors Service has placed Mapletree Commercial Trust under review for a potential credit rating downgrade as MCT’s Temasek Holdings-backed sponsor works to sell the… Read More>>
Mapletree Proposes $3.13B Merger of Singapore, North Asia Commercial REITs
Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4.22 billion ($3.13 billion) deal which would create Asia’s seventh-largest REIT.
If shareholders approve, the merger would establish Mapletree Pan Asia… Read More>>
S&P, Fitch Warn of Fresh Kaisa Crunch and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, developer Kaisa’s Hong Kong-listed shares tumble on fresh warnings from ratings agencies, Singapore’s industrial rents and prices continue to climb in line with the broader economy, and Chinese regulators crack down on vanity… Read More>>
Sun Hung Kai Buys Sites in GZ, New Territories for $2.2B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, one of Hong Kong’s biggest developers splashes out for land in the New Territories and Guangzhou, a CDL-backed REIT agrees to acquire a large retail portfolio in France, and PGIM completes its purchase… Read More>>
Nippon Express May Sell Tokyo HQ for Over $960M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, yet another Tokyo skyscraper could be going up for sale soon, this time the headquarters of Nippon Express. In China, a key executive of HNA Group has disappeared from the management roster, while… Read More>>