The UK’s Aberdeen Standard Investments (ASI) has put its Japan residential tie-up with Sumitomo Mitsui Trust Bank (SMTB) on ice, as the property market in the world’s third largest economy comes under pressure from a recession triggered by the COVID-19… Read More>>
Nuveen Real Estate Acquires PAG Japanese Multifamily Portfolio for $140M
Nuveen Real Estate has purchased a portfolio of multifamily assets in Japan for $140 million, as the global property investment manager steps up its exposure in the country.
Nuveen said in a statement that the firm had acquired the ten… Read More>>
Mainland Apartment Platform Danke Aims for $175M NYSE IPO
Loss-making mainland China apartment rental operator Danke has moved a step closer to listing on the New York Stock Exchange, just two months after Shanghai-based rival Qingke listed on the NASDAQ at the bottom end of its price range.
The… Read More>>
Greystar Readies for $200M Debut Japan Acquisition, Names Country Head
Greystar Real Estate Partners has announced the appointment of Akira Kosugi as managing director of its Japan business as the US-based rental apartment developer embarks on the next stage of its Asia expansion.
The company’s newly launched Tokyo office brings… Read More>>
Arch Capital-Backed Co-Living Operator Opens 2nd Location in Hong Kong
Co-living provider Oootopia unveiled its second shared residence last week, according to an announcement by the company, opening the doors to a 49 unit property in Kowloon as the private equity-backed startup expands its Hong Kong footprint.
The opening of… Read More>>
Foreign Investment Pushes into India’s Nascent Multifamily Sector Sponsored Feature
Foreign investors are pushing into India’s rental housing market, with a big recent deal highlighting the potential for a shift away from mom-and-pop dominance in the sector.
Budget hotel operator OYO Rooms, backed by SoftBank, announced in late October its… Read More>>
Chinachem Group Buys $1.63B Kowloon Condo Site in Hong Kong
Hong Kong-listed real estate developer Chinachem Group was announced on Monday as the winner of a public tender for a residential site in the Ho Man Tin area of Kowloon East estimated to be worth nearly HK$13 billion ($1.66 billion).
China Resources Land Revealed as Buyer of HK$5.9B Hong Kong Housing Site
China’s clampdown on outbound capital may have brought low once-powerful investors such as Dalian Wanda and HNA, but at least some players still have some cash to spend across the border, as a company controlled by directors of Shenzhen-based developer… Read More>>
Outram Park Tower Joins Singapore’s S$6B Collective Sale Surge at S$728M Price
Singapore’s collective sale surge has grown by one more building – the horseshoe shaped Pearlbank Apartments in the Outram Park area. Colliers International announced Thursday that the iconic 37-storey building is up for collective sale, following a fourth and finally… Read More>>
Keppel, Wing Tai $327M JV Offer Tops 15 Other Bids for SG Condo Site
Keppel Land and Wing Tai Land have teamed up to place the top bid of S$446.3 million ($327 million) on a prime residential site in the Serangoon Garden neighbourhood of Singapore, where the developers intend to build over 600 homes.
