Anbang Insurance’s $1.95 billion purchase of New York’s Waldorf Astoria was one of the biggest real estate stories of 2014 and today the struggles of the mainland firm’s successor to complete the project lead Mingtiandi’s headline roundup.
KKR to Buy Japanese Fund Manager From Mitsubishi-UBS JV for $2B
Private equity giant KKR has become the latest global investor to upscale in Asia after agreeing to buy a Japanese REIT manager held jointly by Mitsubishi Corporation and UBS Asset Management for $2 billion.
KKR will acquire the outstanding shares… Read More>>
Mitsubishi-UBS Japan JV Said Valued at $1.7B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, real estate manager Mitsubishi Corp-UBS Realty reportedly contemplates putting itself up for sale, South Korea’s POBA invests in US multi-family assets alongside a California pension fund, and Hong Kong developer Swire Properties reaps… Read More>>
Mitsubishi, Nomura to Invest in Taronga Property Technology Fund
Taronga Ventures continues to sign up marquee investors for its flagship proptech fund, winning commitments from two of the best-known names in Japan’s business world.
Taronga announced last week that Mitsubishi Corporation and Nomura Real Estate Development had agreed to… Read More>>
WeWork Expected to Cut at Least 4,000 Staff This Week and More Asia Real Estate Headlines
The ongoing travails of WeWork lead Mingtiandi’s roundup of Asia real estate headlines today with the news that the shared office giant plans to cut at least a third of its 12,000 person team.
Also in the news, a Singapore… Read More>>
Trade War Could Pop Hong Kong Property Bubble and More Asia Real Estate Headlines
The trade war leads the way in Mingtiandi’s roundup of Asia real estate news today with economists predicting a possible tumble in the world’s least affordable housing market, while Singapore slashes the supply of private residential housing.
In other news… Read More>>
