In this week’s edition of People in the News, a major Singapore developer and investor names a new group chief executive officer, while a senior vice president is appointed at the sovereign wealth fund. Elsewhere, there are movers and shakers… Read More>>
ARA Teams Up with CICC Capital to Buy Chengdu Mall From Tishman Speyer Fund
After selling a pair of mainland commercial properties late last year for a combined RMB 5.56 billion, Singapore’s ARA Asset Management this month entered into a joint venture to buy a Chengdu retail property from a Tishman Speyer-managed fund.
For… Read More>>
CDL, Alpha JV Selling Singapore Office Blocks in S$395M Deal
City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at a reported S$395 million ($291.5 million) valuation, marking the second divestment from a joint venture between the listed developer and the… Read More>>
Singapore’s Metro Holdings Names Yip Hoong Mun as China CEO
Singapore-listed Metro Holdings has named former CapitaLand executive Yip Hoong Mun as chief executive officer for its China operation and chief operating officer for the retail real estate development specialist, according to a statement to the stock exchange.
Yip steps… Read More>>
HK’s Link REIT Buys Beijing Mall for RMB2.5B
Hong Kong’s Link REIT has acquired a Beijing shopping mall for RMB2.5 billion (US$403 million) in the first mainland acquisition by Asia’s largest real estate investment trust.
Link REIT announced the deal to purchase the 74,000 square metre (800,000 square… Read More>>