PGIM Real Estate is understood to have entered into an agreement with Alpha Investment Partners to buy 78 Shenton Way, a prime office property in Singapore from a fund managed by the private equity unit of Keppel Group for around… Read More>>
Asia Real Estate People in the News 2018-10-01
Fund managers, developers and brokers from around the region have all found new roles for themselves as we head into the final fourth quarter sprint of 2018. In this week’s collection of career moves from around the region, we give… Read More>>
Wing Tai in Talks to Buy London Bank HQ for $548M and More Asia Real Estate Headlines
In what could be a north Asia to southeast Asia handoff, the lead story in today’s collection of real estate headlines from the region tracks Singaporean developer Wing Tai’s potential purchase of a $548 million London asset from Korea’s Samsung… Read More>>
China’s Ucommune Eyes Hong Kong IPO and More Asia Real Estate Headlines
Leading today’s news roundup, the head of co-working provider Ucommune wants to take things to the next level, revealing that an IPO or buyout of China’s top flexible office firm could be on the horizon. Also in the headlines, Switzerland’s… Read More>>
PGIM Real Estate’s Asia Deals Doubled to $2B in 2017
PGIM Real Estate saw its volume of Asia Pacific transactions double in 2017, as the real estate investment affiliate of Prudential Financial focused on major markets in Japan, Singapore and Australia to generate over $2 billion in deals.
The company… Read More>>
Singapore’s City Towers Sells for $304M and More Asia Real Estate Headlines
Leading today’s news roundup, Singapore has notched another large collective sale, with a freehold development in District 10 changing hands for more than 13 percent above the reserve price. There’s some tech news as well, as a Hangzhou-based startup that… Read More>>
BlackRock Buys Pair of Shanghai Office Buildings From PGIM for RMB 1.2B
PGIM Real Estate, a property investment affiliate of Prudential Financial, has sold two buildings at Waterfront Place, an office property in Shanghai’s Putuo District to Blackrock according to JLL which advised PGIM on the disposal.
The US alternative investment giant… Read More>>
CapitaLand and CRCT Buy Guangzhou Mall for $511M
Singapore’s top developer continues to ramp up its retail presence in China, with CapitaLand Mall Asia and CapitaLand Retail China Trust (CRCT) partnering to buy a shopping mall in Guangzhou for RMB 3.36 billion ($511 million).
CRCT is taking a 51… Read More>>
Perennial in Exclusive Talks to Buy Out United Engineers and More Asia Real Estate Headlines
Singapore takes centre stage in Asia’s real estate world today as the city state sees a flurry of property activity, including the impending $1.3 buyout of developer United Engineers. Also in the news, Prudential unit PGIM picks up a logistics… Read More>>
