Singapore’s CapitaLand Integrated Commercial Trust Management Limited (CICT) is set to buy a half stake in a North Sydney commercial complex from fund management giant Nuveen for A$422.0 million ($305 million), in a deal marking the acquisition of its third… Read More>>
In today’s roundup of regional news headlines, a former Goldman Sachs hand launches a fund to invest in distressed China property debt, Australia’s Mirvac snaps up Sydney-area land from a little-known Chinese-backed developer, and casino giant Crown Resorts open its… Read More>>
China’s sovereign wealth fund is abandoning its deal to purchase a 50 percent stake in Sydney’s Grosvenor Place office tower, with US private equity giant Blackstone reportedly stepping into the void as the buyer at similar price terms.
China Investment… Read More>>
Singapore sovereign wealth fund GIC has teamed up with Swiss private equity firm Partners Group and Melbourne-based hospitality operator Salter Brothers to acquire a portfolio of 11 Travelodge hotels in Australia with a gross asset value of A$620 million ($457.3… Read More>>
Singapore-listed Suntec REIT is buying a 50 percent stake in a downtown Melbourne office project from Australian property group Mirvac for A$417 million ($328 million), according to an announcement by the REIT’s manager, ARA Trust Management (Suntec) last week.
Once completed,… Read More>>
Asia’s real estate players opted not to take a break, even on an August weekend, with China’s sovereign wealth fund said to be closing in on an A$500 million investment into a Melbourne project, while a certain US presidential candidate’s… Read More>>
Ping An Insurance Group, one of China’s five largest insurers, has struck a second residential development joint venture with leading public-listed Australian real estate group, Mirvac, five months after their first joint venture agreement.
In the new deal, Ping An Real Estate,… Read More>>
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Land Prices Soar in China’s 1st Tier Cities as Hopes Rise for Future Boom
In the Chaoyang district of northeast Beijing,… Read More>>
In what could be becoming a trend in Australian upmarket real estate projects, an up-market condo complex in Melbourne went on sale in China before it became available to buyers in its home market.
Promotional materials for The Array apartment… Read More>>