City Developments Ltd has completed its acquisition of a Paris hotel from funds managed by Blackstone for €240 million ($260.9 million), giving the Singaporean property giant a centrally located lodging asset just in time for the Olympic Games this summer.
Angelo Gordon-EQ JV Sells Paris Hotel to Korea’s Sono International for $130M
Springtime in Paris may be a few weeks away, but hospitality deals continue to bloom as South Korea’s Sono International has become the latest Asian investor to acquire a hotel in the City of Light with a €120 million ($130.2… Read More>>
Singapore’s CDL Buying Paris Hotel From Blackstone for $264M
Blackstone has turned to an old friend from Singapore to sell a Paris hotel which it had held for more than a decade, with City Developments Ltd having agreed to buy the Hilton Paris Opéra from Blackstone Real Estate Partners… Read More>>
Korea’s National Pension Service to Exit Paris Shopping Centre for Reported $219M
South Korea’s National Pension Service has agreed to sell its stake in the O’Parinor shopping centre in Paris to Sofidy, a real estate investment unit of Temasek-backed Tikehau Capital at 33 percent discount to the asking price in a marketing… Read More>>
WeWork Laying Off 2,400 Staff and More Asia Real Estate Headlines
Mass redundancies lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that an out-of-control co-working giant is shedding 17 percent of its workforce as the company scrambles to stem losses.
In other news around… Read More>>
Singapore’s GIC Buys Paris Office Tower for Reported €530M
Singapore’s sovereign wealth fund has made a fresh shopping trip to Paris, picking up yet another commercial tower in the City of Light.
GIC, which has over $100 billion in assets under management, announced on Friday that it has acquired… Read More>>
Oceanwide Halts Construction on San Francisco Tower and More Asia Real Estate Headlines
The backwash of China’s outbound real estate investment wave of a few years ago leads today’s collection of Asia real estate headlines as one of the mainland’s biggest investors in California property halts work on one of the two… Read More>>
Korea’s Mirae Buys Paris Tower for KRW 1.08T
South Korea investment brokerage Mirae Asset Daewoo, together with French asset manager Amundi Real Estate has completed its acquisition of the Jean-Paul Viguier-designed Majunga Tower in Paris, according to a joint announcement by the two parties earlier today.
The South… Read More>>
Warburg Nears $4.25B Final Close on China-SE Asia Fund and More Asia Real Estate Headlines
Less than two weeks after filing the paperwork for its latest Asia fund, US-based private equity firm leads Mingtiandi’s roundup of real estate news with a report that it is ready to call a final close to the vehicle after… Read More>>
Korea’s Hana, JR AMC Buy Paris Office Block From Tishman Speyer for $194M
Korean investors continue to raise their profile in cross-border real estate investment as JR AMC has purchased an office building in France from Tishman Speyer for KRW 220 billion ($194 million) according to reports in the Korean press.
The Seoul-based… Read More>>