Asia Pacific real estate investment news and information
Private equity titan Blackstone has acquired a Kolkata mall for INR 32.5 billion ($376.8 million), as one of India’s most committed inbound investors continues to expand its retail holdings in the world’s most populous country.
South City Mall provides more… Read More>>
GIC has sold its 50 percent interest in Westquay for £135 million ($174 million), or nearly 55 percent less than what the Singapore sovereign fund paid for the half-stake in the southern England mall more than seven years ago.
The… Read More>>
Singapore sovereign fund GIC has completed the sale of its 50 percent interest in a Western Australia mall to Hong Kong investor JY Group for A$195 million ($132.8 million).
The half-stake in Westfield Whitford City marks JY’s first joint venture… Read More>>
A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.
Shanghai-listed… Read More>>
Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled… Read More>>
Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to… Read More>>
Swire Properties is taking full ownership of a Chengdu mall through a deal to buy out Sino-Ocean Group’s interest in the 50:50 joint venture for RMB 5.55 billion ($800 million), as the mainland partner in the development grapples with a… Read More>>
Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>
Singapore’s sovereign wealth fund, GIC, has established a $412.4 million shopping centre joint venture with New York Stock Exchange-listed RPT Realty, according an announcement by the US real estate investment trust this week.
The $100 billion government investment vehicle is… Read More>>
CapitaLand has announced that it is selling a shopping mall for S$296 million ($217 million) to a Singapore megachurch that generated S$143 million in income last year and is led by one of the world’s richest pastors.
The Singapore-listed developer… Read More>>
