Chinese developer Country Garden has agreed to sell its minority stake in the mall business of embattled peer Dalian Wanda Group for RMB 3.07 billion ($428 million), as the heavily indebted builder continues to liquidate assets amid a protracted funding… Read More>>
Wang Jianlin Hands Control of Wanda Mall Empire to PAG-Led Group to Settle Debts
Once ranked as China’s richest man, Dalian Wanda boss Wang Jianlin is handing control of the mainland’s largest commercial developer to a creditor group led by Hong Kong private equity shop PAG after losing a bet that he could achieve… Read More>>
PAG Buying Perth Mall From CPPIB-Backed Fund After Price Slides 25%
Asian private equity powerhouse PAG has made its second opportunistic property purchase in Australia within less than two months with the pick-up of Perth mall for a figure said to be around a quarter less than what its owners were… Read More>>
PAG Buying Aussie Pub Player AVC From KKR
Asian private equity major PAG has agreed to acquire buyout giant KKR’s controlling interest in Australian Venue Co, an operator of pubs, restaurants and event spaces, for an undisclosed amount.
AVC owns and operates a portfolio of more than 210… Read More>>
PAG Confirms $1.8B Fund as Largest APAC Core-Plus/Value-Add Vehicle This Year
PAG Real Assets on Tuesday confirmed its $1.8 billion final closing on its PAG Real Estate Partners Fund III (PREP III), with the real estate and digital infrastructure division of one of the region’s largest private equity firms declaring a… Read More>>
PAG Completes $258M Sydney Office Buy, Hits $1.8B Close on Core-Plus/Value-Add Fund
PAG has acquired an office tower in central Sydney for A$393.1 million ($257.8 million), with the Asian private equity major taking advantage of a downturn in the Aussie market to pick up the property at a discount.
The Hong Kong… Read More>>
Asia Real Estate People in the News 2023-07-10
Some new management at Singapore’s sovereign wealth fund leads this week’s set of real estate personnel moves from around Asia, as well as an executive from APG leaving Hong Kong for the Lion City. Also making the list is some… Read More>>
PAG’s Weijian Shan Takes Audience Inside the ‘Money Machine’ at Hong Kong Forum
In a keynote interview Tuesday at Mingtiandi’s Hong Kong Focus Forum, PAG co-founder and chairman Weijian Shan held the house rapt… Read More>>
PAG Chair to Share How a US PE Firm Bought Control of a Chinese Bank at HK Forum
PAG executive chairman and co-founder Weijian Shan will appear in a spotlight interview at the Mingtiandi Hong Kong Focus Forum on 27 June. Tickets to the event are available via the Register link below while supplies last.
Since China reopened… Read More>>
Hear From Blackstone, Swire and APG at Mingtiandi’s Hong Kong Forum on 27 June
More than 250 senior real estate executives from around Asia Pacific are expected to attend the Mingtiandi Hong Kong Focus Forum on 27 August, as more speakers join the roster of industry stars appearing at the on-location event.
Just this… Read More>>
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