Canadians in India lead today’s look at real estate news from around Asia, as CPPIB hunts for more opportunities on the subcontinent. Also in the news, Malaysia’s YTL bets on Kiwi hospitality and Korea’s Mirae aims to collect after winning… Read More>>
Warburg-Lendlease JV Buys $1.2B Singapore Portfolio From Blackstone, Soilbuild Boss
A recently launched joint venture of US fund manager Warburg Pincus and Australia’s Lendlease has acquired a S$1.6 billion ($1.2 billion) portfolio of Singapore business parks and R&D facilities from entities linked to private equity giant Blackstone and Soilbuild Group… Read More>>
Wanda Selling Insurance Unit to Hometown SOE and More Asia Real Estate Headlines
Just over a month after closing on a deal to sell his mall management business, China’s one-time richest man leads Mingtiandi’s headline roundup today with a report that his Dalian Wanda Group will sell its insurance business to a state-backed… Read More>>
Singapore’s QIP, Soilbuild Launch $246M UK Student Housing JV
Q Investment Partners has formed a joint venture with Soilbuild Group on a £200 million ($245.5 million) UK student housing platform, as the Singapore-headquartered companies look to profit from one of the more resilient asset classes favoured by Asia-based investors.
Asia Real Estate People in the News 2022-09-19
China’s challenging real estate markets continue to generate churn this week, with one of the country’s top data centre operators announcing a change in chief executives, and a Shenzhen-based developer continuing to name new directors at some of its largest… Read More>>
Pair of Sites in Singapore’s Lentor Hills Sold for $543M as Bidding Underwhelms
Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of… Read More>>
Blackstone Makes $524.5M Buyout Offer for Singapore’s Soilbuild REIT
As stable becomes sexy in Asia’s real estate markets, Blackstone is teaming up with the family controlling the sponsor of a Singapore-listed REIT for a S$700.3 million ($524.5 million) offer to buy out the industrial real estate trust.
Funds controlled… Read More>>
Soilbuild JV Braves Virus Scare to Buy Discounted US Hotels for $477M
A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>
Knight Frank Singapore Names Former Soilbuild CEO to Investment Team
Knight Frank Singapore has appointed the former head of a Singapore-listed construction firm as a senior member of its investment services team in the city state, according to a press release from the company.
Daniel Ding, former CEO of Soilbuild… Read More>>
GIC Leads $500M Vietnam Retail Investment and More Asia Real Estate Headlines
An investment Vietnam’s jump from wet markets to superstores leads today’s set of real estate headlines from around Asia as Singapore’s sovereign wealth fund leads a $500 million deal bet on a retail platform set up by Vingroup. South Korea’s… Read More>>