Real estate investors across Asia seemed in a hurry to finish their Christmas shopping this past week with Blackstone closing a pair of deals in Sydney and India’s national capital region to go with a Shanghai acquisition and Singaporean investors… Read More>>
PAG Joins Firms Leaving Hong Kong’s Central for Cheaper Pastures
Ever-climbing office rents in Hong Kong’s Central district have prompted yet another finance company to change business locales, with private equity firm PAG signing a deal with Swire Properties to lease two floors in Three Pacific Place in Admiralty.
The… Read More>>
New World Sues HMV for HK$5M in Unpaid Rent and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news is the slow death by retail of the music seller HMV. The giant of the age of LPs, 8-tracks and cassettes is being sued by New World for HK$5 million in allegedly unpaid… Read More>>
PAG Falls Short in Spring REIT Buyout Bid and More Asia Real Estate Headlines
The last working day in November sees one of Asia’s biggest homegrown private equity firms falling short in its bid to takeover a Hong Kong-listed REIT, while project owners in Singapore may be showing more confidence in the market as… Read More>>
PAG Seeks “Positive Change” with $671M Hostile Bid for Spring REIT
Private equity firm PAG launched a HK$5.24 billion ($670.8 million) hostile takeover to acquire all the units it doesn’t already own of Hong Kong-listed Spring REIT on Monday, at a price of HK$4.85 per unit.
The announcement sent the Hong… Read More>>
PAG Pulls in HK$600M Profit Selling Hong Kong Data Centre
Alternative investment firm PAG has reportedly made a profit of HK$600 million ($76.44 million) via its recent sale of a data centre in the Hong Kong industrial district of Kwai Chung, less than three years after purchasing the property.
Having… Read More>>
Cushman & Wakefield Files for Potential $1B IPO
Cushman & Wakefield, the globe-straddling property brokerage and services giant, on June 20th filed for an initial public offering (IPO) with the US Securities and Exchange Commission, which could value the company at over $5 billion, according to sources cited… Read More>>
Edwin Leong Consolidates Sai Ying Pun Site and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, after snapping up the Butterfly on Waterfront Hotel in Sai Ying Pun, billionaire Edwin Leong’s Tai Hung Fai Enterprise is bidding for more sites on the same block to pave the way for… Read More>>
PAG Said Gearing Up for New $6B Asia Buyout Fund
Hong Kong-based alternative investment firm PAG is planning a new Asia buyout fund with a target of $6 billion, according to a Reuters account citing people with knowledge of the plan. PAG has reportedly started canvassing investors about the vehicle… Read More>>
Blackstone Takes Minority Stake in Hong Kong’s PAG
US alternative investment giant Blackstone announced today that it has acquired a minority stake in Hong Kong-based private equity firm PAG for an undisclosed sum.
The deal between Stephen Schwarzman’s 33-year-old investment firm and its new Asian-focused partner expands Blackstone’s… Read More>>
