Godrej Fund Management (GFM), the real estate private equity arm of Mumbai-based Godrej Group, on Monday announced the $250 million first closing of its $500 million office development platform, GBTC II, with cornerstone investor APG Asset Management kicking in $200… Read More>>
China Caps Bank Lending to Developers and More Asia Real Estate Headlines
Mainland China took another step today to clamp down on credit to real estate developers as the central government rolled out set limits on bank lending to the industry.
Also in the news, unitholders in Singapore’s troubled… Read More>>
Hong Kong Site Sale Cancelled After Lowball Bids and More Asia Real Estate Headlines
The continuing slide of Hong Kong’s commercial property market leads today’s news from around the region, as a government auction of a commercial site near the city’s airport was cancelled after attracting just three bids — all of which fell… Read More>>
Cartier Closes Hong Kong Boutique Amid Luxury Slump and More Asia Real Estate Headlines
Hong Kong is back to work after last week’s holiday, but the city’s real estate market doesn’t seem to be able to catch a break with Tsim Sha Tsui losing its Cartier shop as retail woes continue.
In a crisis… Read More>>
Equinix Spent $252M Buying Singapore, India Data Centres Last Week
As demand for cloud services heats up in Asian markets, data centre developer and operator Equinix has struck a deal to purchase a server facility in Singapore, just days after purchasing a pair of similar properties in India.
In Singapore,… Read More>>
Softbank-Backed Beike Aims for $3B US IPO and More Asia Real Estate Headlines
WeWork’s IPO belly-flopped and Luckin Coffee got kicked out of the NASDAQ, but these setbacks have not deterred online property brokerage Beike Zhaofang from attempting a US stock market listing.
An account of the Softbank and Tencent-backed firm’s plans for… Read More>>
Mapletree REIT Plans SG Tech Hub and More Asia Real Estate Headlines
A Singapore industrial REIT’s plans for a $193 million high-tech complex near the city’s east coast lead Mingtiandi’s news roundup today, as the Southeast Asian financial hub’s Kallang area prepares for its latest upgrade.
Meanwhile the Lion City’s largest developer… Read More>>
Blackstone and Brookfield Said Adding INR 14.5B in Assets to India Real Estate Portfolios
Asset managers Blackstone and Brookfield are said to be acquiring, in a pair of unrelated deals, a combined INR 1,450 crore ($211 million) of real estate in Mumbai, after private equity investment in India’s property market hit almost $4 billion… Read More>>
Sumitomo Buying India’s Most Expensive Land Parcel for $323M
Japanese conglomerate Sumitomo Corporation is poised to buy the most expensive plot of land ever sold in India, according to local media.
The Tokyo-headquartered conglomerate, which has completed 300 real estate projects globally at a value of $30 billion, submitted… Read More>>
New HK Office Leases Drop 30% in March and More Asia Real Estate Headlines
China’s first quarter surge of liquidity is already helping to boost mainland home prices, but relief may not yet have spread beyond its borders, judging by reports from around the region this week. In Hong Kong, a paucity of mainland… Read More>>
