Singapore Press Holdings has made its second overseas investment in senior living facilities this week as the media and property conglomerate announced today that it has agreed to pay C$232.9 million ($176.6 million) to acquire a set of Canadian properties.
Cindat Joins Forces with US REIT to Buy Out UK Senior Housing Portfolio for $232M
Beijing-based private equity firm Cindat Capital Management has announced a joint venture with US healthcare REIT Omega Healthcare Investors to buy up the remaining interest in a portfolio of 67 UK senior housing properties .
The Cindat–Omega joint venture paid… Read More>>
Keppel Buying 50% Stake in US Senior Living Provider for $77.3M
Keppel Corporation has agreed to buy half of Watermark Retirement Communities, an American company with 52 senior homes in the US and plans to add eight more by 2020. If the deal is finalised, the purchase price will be approximately… Read More>>
China’s Elderly Care Sector Brings Maturing Investment Opportunities Sponsored Feature
Earlier this month, Australia’s largest provider of senior housing entered the China market for the first time, taking advantage of what many investors see as one of the biggest opportunities in the country’s fast-growing real estate market.
A forecast by… Read More>>
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie property developer Lendlease is set to develop a RMB 1.9 billion ($302 million) senior living community in Shanghai, China, according to a… Read More>>
Fosun Bags US Deal with $65M Stake in Brookdale Senior Living
Fosun International has acquired a 5.11 percent stake worth $65 million in US senior housing operator Brookdale Senior Living, according to a filing with the US Securities and Exchange Commission. Through the investment, the Shanghai-based conglomerate replaces Blackrock as the… Read More>>
Kushner’s China Forays Caught in Mueller Inquiry and More Asia Real Estate Headlines
With China’s masses still nursing their new year hangovers, the US leads Asia’s real estate headlines as the Trump clan looks for ways to avoid formal charges while still cashing in on the region’s love for property. Beyond the adventures… Read More>>
Wanda Beats Out Disney for Gansu Theme Park Deal and More Asia Real Estate Headlines
Wanda returns to its quest for theme park hegemony today by boldly going where Mickey and Minnie would fear to tread. Plus, a major state-run developer announces plans to ramp up Hong Kong projects just days after China’s top authorities… Read More>>
China Facing Senior Housing Glut, Says DBS
During the past year China’s senior living industry has seen a surge of new development projects as developers such as Poly Real Estate, and institutional investors including Taikang Life and Taiping Insurance, bet that recent government liberalisation of the sector… Read More>>
Singapore’s Perennial Hires New CEO for Healthcare Division
Perennial Real Estate Holdings has hired health care industry veteran Liak Teng Lit to serve as CEO of its rapidly expanding healthcare division, and COO of the Singapore-listed property group.
The top level hire was announced by Perennial on Friday,… Read More>>