Privately held Nan Fung Group wins a residential development site near Hong Kong’s Tung Chung East Station, with that successful tender leading today’s headline roundup. Also in the news, a Daiwa Securities REIT sells apartments in Japan’s Miyagi prefecture and… Read More>>
Nomura REIT Buying Hokkaido Hotel From Daiwa House for $43M
Tokyo-listed Nomura Real Estate Master Fund has agreed to acquire a Hokkaido hotel from Japanese builder Daiwa House Industry for JPY 6.3 billion ($43 million).
The REIT sponsored by Nomura Real Estate Development is buying La’gent Stay Hakodate Ekimae in… Read More>>
China May Home Prices Fell at Fastest Pace in a Decade and More Asia Real Estate Headlines
China’s home price slide accelerated in May, despite government efforts to support the sector, with that story leading Mingtiandi’s headline roundup today. Also making the news is developer China Vanke, which saw its shares drop after taking out a $565… Read More>>
Country Garden Misses Onshore Bond Payment and More Asia Real Estate Headlines
Country Garden leads Mingtiandi’s headline roundup today after missing an RMB bond payment for the first time. Also making the list, China Vanke talks to banks about a debt swap to avoid default and Hong Kong’s apartment glut favours continued… Read More>>
Nomura, KKR, Carlyle in Japan Alts Tie-Up and More Asia Real Estate Headlines
Japan leads today’s collection of real estate headlines from around the region as local champion Nomura teams up with US private equity majors to market alternative investment strategies in Asia’s second-largest economy. Also in the news, SGX-listed Yanlord Land books… Read More>>
Evergrande Founder’s Ex-Wife Sues Son for $128M and More Asia Real Estate Headlines
The ex-wife of Hui Ka Yan, China Evergrande founder, files a lawsuit against his second son over $128 million, with that story leading Mingtiandi’s headline roundup today. Also making the list, Hong Kong’s beleaguered property industry is hoping that relief… Read More>>
Nomura Real Estate Posts 5.6% Rise in Nine-Month Profit on Strong Operating Revenue
Nomura Real Estate Holdings posted a 5.6 percent year-on-year profit rise to JPY 43.2 billion ($290 million) for the nine months to December as the Japanese developer’s operating revenue jumped 22.7 percent to JPY 518.3 billion.
During the period, which… Read More>>
Nomura Buying Japanese Hotel Manager From Rail Operator Odakyu for $126M
Nomura Real Estate Holdings is buying a Japanese hotel operator from Odakyu Electric Railway as the infrastructure firm continues to struggle with the lingering impact of the pandemic on the travel industry.
Odakyu announced last week that it is divesting… Read More>>
Nomura Japanese REIT Acquires Tokyo Hotel Amid Tourism Rebound
TSE-listed Nomura Real Estate Master Fund on Tuesday announced its acquisition of a hotel in Tokyo’s Taito ward, betting on demand for accommodation from international visitors to Japan’s capital.
The REIT sponsored by property heavyweight Nomura Real Estate Development revealed… Read More>>
Singapore’s Wing Tai Buys Melbourne Site and More Asia Real Estate Headlines
Wing Tai Holdings leads our roundup of real estate headlines today as the Singaporean developer announces the acquisition of a Melbourne site. Making the list from farther north is Queensland’s QIC, which is expanding its Asia presence with a Singapore… Read More>>