A unit of bankrupt builder China Evergrande has received a liquidation order from a Hong Kong court, with that story leading today’s headline roundup. Also in the news, four developers submit bids for a site near Hong Kong’s international airport… Read More>>
Chow Tai Fook, FEC Aussie Casino Bid Rejected and More Asia Real Estate Headlines
Hong Kong investors Chow Tai Fook and Far East Consortium fail in their first attempt to buy out a Brisbane casino, with that story leading today’s headline roundup. In other news, SGX-listed Lendlease Global Commercial REIT announces a leadership change… Read More>>
China’s Country Garden Posts $24B Loss for 2023 and More Asia Real Estate Headlines
Embattled Chinese developer Country Garden posts a record loss for 2023, with that belated earnings release leading today’s headline roundup. Also in the news, CapitaLand India Trust reveals a data centre leasing deal and Paragon REIT’s sale of an Australian… Read More>>
Singapore’s Paragon REIT Selling Its 85% Stake in Aussie Mall for $106M
Paragon REIT has announced plans to sell its entire 85 percent interest in a New South Wales mall for A$163.2 million ($106.4 million), a divestment which pares the Singapore-listed trust’s Australia portfolio down to a single asset.
The deal values… Read More>>
Cuscaden Peak, Kajima Seeking $596M for Singapore’s Woodleigh Mall
Cuscaden Peak is marketing its Woodleigh Mall in north-central Singapore for S$800 million ($596 million), sources confirmed to Mingtiandi on Friday.
The retail project next to Woodleigh MRT station was completed last year and is held in a 50:50 joint… Read More>>
Cuscaden Peak-Managed Paragon REIT Sells Singapore Strip Mall for $58M
Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing the Singapore-listed trust to just two properties in its home market, with another two in Australia.
“The divestment is… Read More>>
Paragon, RealVantage Reach First Close for $50M Fund and More Asia Real Estate Headlines
Singapore-based firms Paragon Capital Management and RealVantage lead Mingtiandi’s headline roundup today as they form a consortium for a new real estate private equity fund. Hong Kong and Singapore also make the news as the world’s most expensive cities for… Read More>>
Paragon REIT in Talks to Sell Singapore Mall for $59M and More Asia Real Estate Headlines
Singapore-listed Paragon REIT leads Mingtiandi’s headline roundup today as it aims to sell a mall in the city-state’s Upper Bukit Timah areas for more than $59 million. IGIS Asset Management also makes the news as a fund managed by the… Read More>>
Paragon REIT Passes on Option to Buy Singapore Mall for $409M, Kuok Deal on Track
Seletar Mall in northeastern Singapore has moved one step closer to new ownership after SGX-listed Paragon REIT declined to buy the asset for S$550 million ($409 million), paving the way for its potential acquisition by Robert Kuok’s Allgreen Properties.
The… Read More>>