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>>
APL, ADIC, CV Starr and PAG Cash in Landmark Tokyo Building for Reported $1.4B
A group of investors led by Hong Kong-based Asia Pacific Land have sold the Shiba Park Building, once Japan’s most expensive en bloc asset, for a reported 150 billion yen ($1.4 billion), according to Tokyo-based brokerage Japan Property Central.
Asia… Read More>>
Hanison Sells 50% Stake in Kowloon Office Tower for $102M – Buyer Said to Be PAG
Nine months after attempting to sell off a Cheung Sha Wan building by public tender, Hanison Construction surprised the market with the HK$800 million ($102 million) sale of a 50 percent stake in the PeakCastle commercial building in Hong Kong.
HNA Pledges HK$3B Stake in Kai Tak Developer to PAG in Return for Loan
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
