A joint venture of Logos and Sime Darby Property has achieved a first closing of its investment vehicle targeting development of logistics assets in Malaysia after securing 70 percent in capital commitments for a fund size of up to $250… Read More>>
Shimao Seeks Extension on $947M in Trusts and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped Shimao Group reportedly seeks a multi-year extension to repay over $900 million owed on high-yield trust products, Hong Kong boss Carrie Lam asks the city’s big developers to provide space for isolating… Read More>>
Asia Real Estate People in the News 2021-10-04
Top level moves at some of the world’s largest money managers lead Mingtiandi’s collection of personnel changes this week with major appointments and renewals happening at UBS, Apollo Global Management and Korea Teacher Pension. Asia’s developer community are also on… Read More>>
Logos Kicks Off Logistics JV With Malaysia’s Sime Darby Property With $200M Fund
Industrial developer Logos continues to find fertile ground for expansion in Malaysia, where the Australian firm has teamed up with a unit of local conglomerate Sime Darby on a fund management platform for developing and investing in “build-to-suit to lease… Read More>>
AA REIT to Buy Sime Darby Singapore Car Dealership Building for $77M
SGX-listed AIMS APAC REIT on Wednesday announced plans to acquire Sime Darby Business Centre on the western fringe of Singapore’s urban core for S$102 million ($76.6 million) as part of a sale-leaseback deal.
Consisting of a five-storey light industrial building… Read More>>
Blackstone and Sime Darby Selling Singapore’s Sime Darby Centre to Tuan Sing for $260M
Singaporean property developer Tuan Sing Holdings has agreed to purchase the Sime Darby Centre commercial building from Stephen Schwarzman’s Blackstone and Malaysia’s Sime Darby Group for S$365 million ($260 million), according to a statement from Tuan Sing to the Singapore… Read More>>
State-Owned Developers Claiming Larger Stake in China Market and More Asia Real Estate Headlines
First-half financial results have begun to be tallied for the mainland’s cohort of property developers, and many analyst expect the figures to show the growing dominance of state-run companies in the sector. Also in the news, less than a year… Read More>>