Asia real estate and outbound investment news
Mitsubishi Estate and Tokyo Broadcasting System have broken ground on an entertainment industry hub in central Tokyo that will span 205,800 square metres (2.2 million square feet) including office, theatre, retail and hotel space.
Mitsubishi Estate and TBS last week… Read More>>
Mitsubishi Estate is selling a stake in a Tokyo office building to a TSE-listed REIT sponsored by the Japanese property giant for JPY 19.8 billion ($132 million).
Japan Real Estate Investment Corporation informed the Tokyo bourse on Tuesday that it… Read More>>
Mitsubishi Estate posted a 24.6 percent year-on-year decline in attributable profit to JPY 77.5 billion ($520 million) for the fiscal nine months to December as the absence of large capital gains ate into earnings.
Despite a 2.2 percent rise in… Read More>>
Top-level moves at a pair of Asian government funds lead this week’s edition of People in the News, with China’s CIC set to name a new leader and Malaysia’s EPF ready for a new CEO to take over next month…. Read More>>
Mitsubishi Estate has acquired a London office tower formerly leased to WeWork for a price reported to be almost 44 percent less than what the seller, a joint venture between Savills Investment Management and Korea’s Vestas Investment Management, paid to… Read More>>
Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned by Blackstone and Mirvac for about A$777 million ($494 million), making Australia’s largest office buy so far this year.
Mirvac has… Read More>>
Hong Kong is setting up a new $8 billion municipal investment fund and has named an executive at the city’s de facto state bank as its first CEO, with that story leading Mingtiandi’s headline roundup today. Also in the news,… Read More>>
In today’s roundup of regional news headlines, top China developer Country Garden posts its first-ever loss since its public listing, and a Singapore-listed US REIT announces a leadership transition.
Country Garden Reports First Loss Since 2007 Listing… Read More>>
Mitsubishi Estate is selling stakes in an office building and a WeWork-occupied mixed-use tower in Tokyo for a total of JPY 32 billion ($239 million), transferring the assets to a listed REIT sponsored by the Japanese real estate giant.
Under… Read More>>
In today’s roundup of regional news headlines, CapitaLand’s development arm agrees to acquire a mixed-use site in Ho Chi Minh City, China Vanke readies a Hong Kong IPO of its property management division, and reports emerge of Evergrande’s EV unit… Read More>>
