A fund managed by Phoenix Property Investors has been forced to restructure the capital structure for a commercial project in Shanghai’s Jing An district, according to an announcement to the Hong Kong stock exchange today as the COVID-19 crisis disrupts… Read More>>
Phoenix, Actis Consortium Sells Seoul Office Complex for KRW 546B
A consortium comprising Hong Kong’s Phoenix Property Investors, UK-based fund manager Actis and South Korean developer SK D&D has sold a two-tower office complex in southwestern Seoul for KRW 545.8 billion ($449.2 million).
The tri-national team offloaded the Young City… Read More>>
Phoenix Said Seeking Buyer for Wan Chai Commercial Project at HK$330M
Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at an asking price of HK$330 million ($43 million), according to people familiar with the matter who spoke to Mingtiandi.
The Hong… Read More>>
Phoenix Sells Singapore Shophouses to Aberdeen Standard for S$54M
Phoenix Property Investors has disposed of a row of shophouses in Singapore’s Chinatown for S$54 million ($39 million), according to Aberdeen Standard Investments (ASI), which purchased the historically preserved buildings.
The asset management arm of London-listed Standard Life Aberdeen confirmed… Read More>>
Phoenix Property Sells Tokyo Apartment Building for JPY 20B
Hong Kong-based Phoenix Property Investors has sold an apartment building in Tokyo for JPY 20 billion ($180 million), just 30 months after buying the property in the Shinagawa area.
The private equity shop headed by financiers Benjamin Lee and Samuel… Read More>>
Phoenix Reaches $1.15B Final Close on Sixth Opportunistic Fund
Phoenix Property Investors has closed its latest opportunistic real estate fund at $1.15 billion, surpassing its hard cap by $250 million.
Phoenix Asia Real Estate Investment VI – the private equity company’s sixth pan-Asian investment vehicle – closed in September,… Read More>>
Asia Real Estate People in the News 2019-09-23
In this week’s edition of People in the News, JLL says goodbye to its head of valuation advisory services in Asia and Greater China, while Colliers prepares to welcome the outgoing professional services chief, according to market sources who spoke… Read More>>
CLSA Renews Pacific Place Lease Despite Report of Conflict and More Asia Real Estate News
Tales of Hong Kong turmoil lead Mingtiandi’s collection of real estate news today as Hong Kong brokerage has renewed its lease at a Swire property in the city despite reports of pressure from its mainland parent to steer clear of… Read More>>
Phoenix Property Said to Delay Fund Closing to Boost Cap to Over $1B
Phoenix Property Investors is said to have postponed the final closing of its latest opportunistic real estate fund to allow time to lock in more capital, after already hitting its $900 million target.
Sources cited by PERE said that a… Read More>>
Phoenix Property Said Receiving Offers Over HK$9B for WeWork’s Causeway Bay Home
Phoenix Property Investors has been receiving offers of over HK$9 billion ($1.15 billion) from buyers interested in purchasing Tower 535 in Causeway Bay, according to sources familiar with the discussions who spoke with Mingtiandi.
The private equity fund manager, which… Read More>>
