The Hines-NPS joint venture behind a San Francisco mixed-use development reaches an agreement to pay off a recently matured loan, with that story leading today’s headline roundup. Also making the list, a mystery buyer picks up 26 Hong Kong homes… Read More>>
Hines Said Eyeing $385M North Sydney Office Tower and More Asia Real Estate Headlines
US developer and fund manager Hines leads today’s headline roundup with tentative plans to buy a North Sydney skyscraper. Also in the news, Hong Kong’s New World Development sells a Kowloon industrial tower and Singapore’s GIC seeks more bids for… Read More>>
Digital Core REIT Acquires 15% of German Data Centre and More Asia Real Estate Headlines
Data centres again lead Mingtiandi’s roundup of real estate headlines from around the region with a Singapore-listed REIT sponsored by Digital Realty completing a deal to boost its ownership of a German data centre. Also making the list is a… Read More>>
Gaw Seeks to Refinance Hong Kong’s Cityplaza One and More Asia Real Estate Headlines
Fund manager Gaw Capital Partners tries to refinance the debt used to buy a Hong Kong office tower, with that story leading Mingtiandi’s headline roundup today. Also in the news, Citigroup takes a hit on a block trade in Goodman… Read More>>
Asia Real Estate People in the News 2024-12-02
A shock chief executive switch leads this week’s review of personnel moves in Asia’s real estate industry, with Hong Kong’s New World Development naming its second new leader in two months. Also making the list are new appointments at a… Read More>>
New World Selling Sports Complex Stake to Cheng Family for $53M as CEO Exits
Hong Kong’s New World Development has agreed to sell its entire interest in a sports complex at the former Kai Tak Airport site to Chow Tai Fook Enterprises, the private holding firm of New World’s controlling Cheng family, for HK$416.7… Read More>>
IKEA Opens $1B Shanghai Shopping Mall and More Asia Real Estate Headlines
Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. Also making the list, WeWork’s India exit plan goes awry and a tender for Singapore’s Roxy Square ends with no bids.
Adrian Cheng Steps Down as CEO After New World Posts First Loss in Two Decades
Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder posted its first full-year loss in two decades.
The third generation scion of the billionaire Cheng family has also been redesignated from… Read More>>
Daiwa Securities REIT Buying Tokyo Apartments and More Asia Real Estate Headlines
Tokyo multi-family leads today’s headline roundup, with a Daiwa Securities REIT announcing plans to buy two apartment buildings in the city. Also in the news, Hong Kong cuts rates in lock-step with the US central bank and Japan’s Sun Frontier… Read More>>
Blackstone Nears $13.5B Buy of AirTrunk and More Asia Real Estate Headlines
The pursuit of Aussie data centre operator AirTrunk leads today’s headline roundup, with US giant Blackstone said to be closing in on a $13.5 billion buy. Also in the news, Chinese sovereign fund CIC seeks to sell its stake in… Read More>>
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