THAAD? What THAAD? As relations between China and South Korea sour due to US missile installations and as capital controls continue to squeeze Chinese buyers, Anbang Insurance is said to be locked into exclusive negotiations to acquire an office building… Read More>>
PGIM Real Estate Completes $159 Mil Purchase of Seoul Office Tower
PGIM Real Estate this week reported that it has completed the acquisition of the T Tower prime office building in Seoul’s central business district.
The real estate investment business of Prudential Financial investment management unit PGIM first announced in November… Read More>>
SL Green Sells $525M Stake in NYC Tower to Korea’s NPS, Hines
New York’s biggest office landlord has scored $525 million in new funding for a $3.2 billion Manhattan development, thanks to a recent agreement with Korea’s National Pension Service (NPS) and a division of Houston-based developer Hines.
According to a statement… Read More>>
Brookfield and CIC Team Up For $2.7B Purchase of IFC Seoul
Canadian investment shop Brookfield Asset Management got one over on Stephen Schwarzman and his Blackstone Group beating out the US-based firm to acquire the International Finance Centre Seoul from AIG Global Real Estate. The bid, which is said to be… Read More>>
GIC Catches on to K-Style With $136M Seoul Shopping Mall Acquisition
Korea’s unique style and fashion sense may not be everyone’s cup of tea, but Singapore’s sovereign wealth fund appears to like what it sees in the country’s retail scene. GIC invested $136 million to acquire an interest in G-Square City… Read More>>
APAC Casino Developers on Notice As Chinese Cops Detain 18 Packer Executives
China cracked down on James Packer’s Crown Resorts detaining 18 employees working for the billionaire’s mainland team. The Australian gaming magnate, who owns casinos in Macau and the Philippines, as well as in his home country, is estimated to have lost… Read More>>
Chinese Investors Setting Up on Korean Resort Island
Korean banks on South Korea’s Jeju island have reported as much as a thirty-fold increase in Chinese clients thanks to a series of real estate development schemes aimed at attracting Chinese homebuyers and vacationers to the resort location.
According to… Read More>>
Chinese Firm Teams with Sentosa Developer for US$2.2B S Korea Casino
A Chinese developer is teaming up with the company behind one of Singapore’s Sentosa casinos to invest US$2.2 billion in a new gambling-centred project in South Korea, the companies announced this week.
The joint venture between Genting Singapore Plc and… Read More>>
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