Alibaba has agreed to acquire a 50 percent stake in Singapore’s AXA Tower in a deal that values the landmark office property at S$1.68 billion ($1.2 billion) in one of the few major transactions the city has seen this year.
SPH Cancels C$233 Canadian Senior Living Buy Amid COVID-19 Scare
Singapore Press Holdings has scrapped its acquisition of a portfolio of senior living facilities in Canada, as the potential impact of COVID-19 on property values triggers second thoughts on valuations.
The SGX-listed media and property conglomerate announced to the stock… Read More>>
Mirae Selling Chicago Office Tower for $225M and More Asia Real Estate Headlines
A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean investor is offloading the 31-storey property for $225 million – just $7 million more than its acquisition… Read More>>
Ex-WeWorker was Paid $2M to Hush Up Sex and Drug Claims and More Asia Real Estate Headlines
Allegations of hedonism and sexual assault lead the way in Mingtiandi’s roundup of Asia real estate headlines today as a former employee of WeWork is said to have been paid $2 million to stay quiet about the drug and sex… Read More>>
China Home Sales Plunge 90% in Early Feb and More Asia Real Estate Headlines
Mainland China’s beleaguered housing market leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the market braces for worse to come after home sales plunged 90 percent in the first week of February compared with the… Read More>>
Yum Shutters 3,000 China KFC, Pizza Hut Shops and More Asia Real Estate Headlines
Colonel Sanders’ fingerlickin’ fried chicken leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the Shanghai-based operator of mainland China fast food chains including KFC, Pizza Hut and Taco Bell has temporarily… Read More>>
SPH Buys Student Digs for £448M as Singapore Zeroes in on UK Universities
Singapore Press Holdings has acquired a portfolio of student housing properties in the UK for £448 million ($583 million), as student digs in the Brexit-encumbered country continue to draw Singapore investors.
The SGX-listed media conglomerate’s latest acquisition more than doubles… Read More>>
Blackstone REIT Stocks Up on India Assets and More Asia Real Estate Headlines
India takes the lead in Mingtiandi’s roundup of real estate headlines today as a Blackstone-backed REIT aims to add $903 million in office assets to its portfolio. The manager of Asia’s biggest REIT also gets some ink as it renegotiates… Read More>>
Jack Ma Fund Joins $300M Rental Housing Investment and More Asia Real Estate Headlines
A Shanghai-based apartment rental platform leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company has raised $300 million from investors including a private equity firm founded by the soon-to-be-retiring… Read More>>
SPH Takes 20% Stake in Prime US REIT Manager and More Asia Real Estate Headlines
A Singapore-listed real estate investment trust leads Mingtiandi’s roundup of real estate headlines today with the news that the kingpin of the city state’s newspaper business has taken a 20 percent stake in the REIT’s manager.
Also in the news,… Read More>>
