Asia real estate and outbound investment news
UK-based asset manager M&G Real Estate has acquired a portfolio of 30 residential properties in key Japanese cities from Blackstone for JPY 49.2 billion ($424.3 million).
The purchase comprises 1,575 apartments across Tokyo, Osaka and Nagoya and was made on… Read More>>
Home prices across key cities in Greater China are now three times less affordable than in New York City according to Bloomberg data, which is both creating a class of home renting professionals and giving a boost to the region’s… Read More>>
Greystar is nearing a first close for its $1 billion regional multi-family vehicle targeting Asia Pacific… Read More>>
Weave Living is leading a S$75 million ($56 million) purchase of a hotel in Singapore’s Bugis district to mark its first acquisition in the Lion City.
The Warburg Pincus-backed rental housing platform is acquiring the row of two-storey shophouses at… Read More>>
Canada’s Manulife Investment Management and Tokyo-based Kenedix have agreed to form a JPY 19.8 billion ($170 million) joint venture to acquire multi-family assets in Japan’s major cities.
The JV will be seeded with a portfolio of nine properties, including four… Read More>>
Weave Living has announced the opening of its sixth apartment community in Hong Kong, unveiling its conversion of a budget hotel in Kowloon East as Weave Studios Kai Tak.
The opening of the 99-unit facility was announced in a LinkedIn… Read More>>
Hines has acquired its second build-to-rent project in Melbourne, Australia for a reported A$30 million ($21.6 million) with the US developer taking over the development from Singapore’s City Developments Ltd (CDL) and a pair of local partners.
Hines is planning… Read More>>
Hong Kong developer HKR International has agreed to sell two Tokyo residential buildings for JPY 3.49 billion ($30 million), adding to a string of recent property disposals by HKRI in Japan.
The properties are a seven-storey, 22-unit building called Souei… Read More>>
Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared bankrupt by a mainland court. The Morgan Stanley-backed apartment rental platform’s name can be translated as ‘eggshell’ and in this instance… Read More>>
US private equity giant KKR has formed a joint venture with Chinese apartment operator Funlive to develop and operate a 3,000-unit multi-family project in the southern suburbs of Beijing as mainland authorities continue to take steps to encourage rental residential… Read More>>
