New directors at a pair of mainland developers lead our roundup of personnel moves from around the region today, with Beijing-based builders Midea Real Estate and Modern Land both making top level changes. There are also updates from China’s DNE… Read More>>
Speaker Bio: Trent Winduss of Phoenix Property Investors MTD TV Productions
Trent Winduss has over 19 years’ experience in the origination and execution of structured real estate investments including senior debt, stretch senior debt, mezzanine debt, distressed debt, preferred equity and equity transactions. As the Head of Asia Secured Debt Investments… Read More>>
Keppel REIT Buying Sydney Office Project From Phoenix Property JV for $234M
Singapore-listed Keppel REIT is jumping back into Sydney’s booming office market, with the trust adding a sixth asset to its Australia portfolio for a total development consideration of A$327.7 million ($234.1 million), according to an announcement to the Singapore stock… Read More>>
Hong Kong’s Phoenix Bets on Sydney Luxury Market $186M JV
Following a series of Asia-wide property disposals in the past year, Hong Kong’s Phoenix Property Investors is betting on Sydney’s housing boom through a joint venture with Australian developer Abadeen which has already begun investing A$250 million ($186.3 million) in… Read More>>
IWG Takes Over WeWork’s Former Hong Kong Flagship in Causeway Bay
Flexible office giant IWG’s sixth Spaces centre in Hong Kong will open at WeWork’s former flagship location in Causeway Bay’s Tower 535, becoming the fourth IWG outlet in the city to be grafted onto a space vacated by the once-highflying… Read More>>
Singapore Tower on Market for $2B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s International Plaza building launches the city’s biggest-ever collective sale, Hong Kong’s Nan Fung acquires an office building in Boston’s Chinatown, and SGX-listed CDL Hospitality Trust enters a deal to invest in a… Read More>>
Phoenix Forced to Restructure Financing for 71,000 Sqm Shanghai Office Project
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>>