The Indian arm of Mirae Asset Global Investments has acquired a Mumbai area warehouse from local builder Prakhhyat Group for INR 1.3 billion ($16 million), as the Korean asset manager looks for returns in the subcontinent’s real estate sector, according… Read More>>
Tosei, Hulic-Led Consortium Outbids Brookfield, LaSalle in $2.7B Tokyo Office Deal
A local consortium which won a September tender for a Tokyo office building with a JPY 400 billion ($2.7 billion) bid is said to have bested some of the world’s biggest investors in that contest.
A bid submitted by Tosei… Read More>>
Philips Said Close to Selling $73M SG Industrial Asset and More Asia Real Estate Headlines
Singapore’s sizzling industrial property market leads today’s roundup of real estate headlines from around the region, as European electronic conglomerate Philips is said to be selling its last remaining workshop facility in the city-state.
Also in the… Read More>>
GIC, Charter Hall Buying Canberra Office for Over $219M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore sovereign wealth fund GIC partners with Charter Hall on an office buy in Australia’s capital, a rare residential plot in Hong Kong’s pricey Repulse Bay heads for auction, and four key… Read More>>
Wanda Draws 20 Investors in $3B Pre-IPO Round and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, investors flock to the pre-IPO funding round for Wanda’s commercial property management unit, China’s first nine REITs are oversubscribed on the initial day of offering, and banking giant HSBC seeks to expand its… Read More>>
China’s JD Logistics Set to Raise $3.2B In Hong Kong IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, JD Logistics is reportedly set to price its Hong Kong IPO near the bottom of the target range, South Korean investors are readying a lawsuit over a Las Vegas construction loan turned sour,… Read More>>
Mapletree Logistics Trust Adding Five Greater Seoul Sheds for $250M
Singapore-listed Mapletree Logistics Trust on Monday announced an agreement to acquire five warehouse assets in South Korea for KRW 280 billion ($250 million), strengthening MLT’s foothold in Asia Pacific’s third-largest e-commerce market.
Situated in the Yongin-Icheon logistics cluster in the… Read More>>
China Vanke to Sell $1B in Shares to Repay Debt and More Asia Real Estate Headlines
A mainland developer leads Mingtiandi’s roundup of real estate headlines today as the Shenzhen-based company is planning to raise $1 billion by selling new H-shares to pay down overseas debt.
In other news around the region, an Aussie investment bank… Read More>>
Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults
South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.
New York-based Witkoff, which… Read More>>
Korea’s Mirae Sends Termination Notice on $5.8B Anbang Hotel Deal
South Korea’s Mirae Asset Management has sent a notice of termination to Dajia Insurance, formally scrapping its $5.8 billion acquisition of a portfolio of 15 high-end US hotels that the mainland group had taken over in the restructuring of troubled… Read More>>