ARA Asset Management has added to its list of European acquisitions with the Singapore-based firm informing Mingtiandi today that it has teamed up with Korea’s NH Investment & Securities to complete the acquisition of a newly constructed commercial project in… Read More>>
Meritz Fund Buying 50% Stake in DC Office Building and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, South Korean investment firms are heading stateside as one looks to buy a half-stake in a Washington DC office building and two others complete the purchase of a California residential complex. In China,… Read More>>
Wanda Draws 20 Investors in $3B Pre-IPO Round and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, investors flock to the pre-IPO funding round for Wanda’s commercial property management unit, China’s first nine REITs are oversubscribed on the initial day of offering, and banking giant HSBC seeks to expand its… Read More>>
Korean Investors Face $270M Loss on Vegas Hotel and More Asia Real Estate Headlines
In this edition of our regional news roundup, South Korean investors move a step closer to losing their shirt on a Las Vegas bet, Singapore’s finance minister sounds the alarm on ultra-low interest rates, and Hong Kong-listed Chinese tech firms… Read More>>
ARA Teams Up With Korea’s NH Investment for $897M Seoul Office Buy
ARA Asset Management has completed Seoul’s biggest building buy this year, picking up a newly completed office tower in a deal valued at KRW 1 trillion ($897 million) according to a statement on Tuesday.
The Singapore-based investment manager has purchased… Read More>>
Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults
South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.
New York-based Witkoff, which… Read More>>
Korea’s KB Asset, NH Investment Buy Dallas Complex for Reported $370M
A fund managed by Seoul-based KB Asset Management has purchased a landmark development in Dallas, Texas, reportedly teaming up with its compatriots at NH Investment & Securities to lasso the commercial complex for $370 million.
The asset management arm of… Read More>>
Korea’s NH Investment, Shinhan Lead €480M Buy of Helsinki’s Biggest Office Building
Some of South Korea’s best-known investors have trekked across the North Pole to find partners for the largest ever single-asset office investment in Finland’s history.
A pair of Korean brokerages – NH Investment & Securities and Shinhan Investment Corp –… Read More>>
Korea’s NH Investment Selected as Preferred Bidder for $863M Seoul Tower
Korea’s NH Investment & Securities has taken a step toward acquiring one of Seoul’s largest office projects, after being selected as the preferred bidder for Tower 2 of the city’s Parc 1 complex, according to sources familiar with the project… Read More>>
Hana Financial Teams Up to Buy Vienna Hilton for €370M
Munich-based Wealthcore Investment Management has joined forces with a consortium of Korean investors including Hana Financial Investment to acquire the Hilton Parkview hotel in Vienna for €370 million ($414 million), according to an announcement by the German firm.
Wealthcore and… Read More>>