Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
A pair of Asian companies doing their best not to own a set of US luxury hotels leads today’s real estate news as Korea’s Mirae Asset Management and China’s Dajia Insurance hurl blame at each other over a failed $5.8… Read More>>
China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of a portfolio of 15 high-end US hotels, after the coronavirus pandemic stalled financing for the transaction.
The nationalised mainland insurer filed… Read More>>
The novel coronavirus continues to create a new reality for real estate investment around the region, as a report reveals that one of Korea’s largest asset managers has defaulted on its obligations in a $5.8 billion acquisition of a set… Read More>>
A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean investor is offloading the 31-storey property for $225 million – just $7 million more than its acquisition… Read More>>
Korea’s Mirae Asset Management has agreed to buy a portfolio of US luxury hotels from China’s Anbang Insurance for $5.8 billion, according to a report by the Wall Street Journal earlier today.
The deal comes more than one year after… Read More>>
The latest chapter in the saga of a US hotel portfolio belonging to a naughty mainland insurer leads Mingtiandi’s roundup of real estate headlines today with the news that a South Korean financial services group has been named the… Read More>>
