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>>
Mirae Named Preferred Buyer for $5.5B Anbang Portfolio and More Asia Real Estate Headlines
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>>
Mirae Closes in on $5.5B Anbang Luxury Hotel Portfolio and More Asia Real Estate Headlines
Trophy assets lead the way in Mingtiandi’s roundup of real estate headlines today with the news that a South Korean group now leads the pursuit of a troubled insurer’s luxury hotel portfolio, with the offer said to be in the… Read More>>
China’s Smart Buildings are Watching You and More Asia Real Estate Headlines
Big Brother leads the way in Mingtiandi’s roundup of real estate headlines today with news that proptech-enabled buildings in China may be using their data-capturing sensors and facial-recognition scanners to spy on their occupiers
In other news around the region,… Read More>>
Credit Suisse AM Buys Pair of Korean Warehouses and More Asia Real Estate Headlines
A pair of South Korean warehouses lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a Swiss asset manager has snapped up two logistics facilities in Icheon for 120 billion won ($104 million).
Crown to Sell $1.18B Stake in Macau Casino After China Arrests and More Asia Real Estate Headlines
Bankruptcies, gambling busts and co-working booms fill the headlines today as Asia’s real estate world refuses to go quietly into the final days of 2016. James Packer is selling off his Macau operation as key members of his China team… Read More>>
South Korea’s Mirae Splashes Out $756M to Buy Waikiki Resort From Blackstone
Hyatt Regency Waikiki Beach Resort & Spa is known for offering guests views of Hawaii’s pristine blue ocean waters, and the resort’s new owners, Mirae Asset, are hoping to see another color — green.
The South Korean financial services firm… Read More>>