Asia real estate and outbound investment news
The bidding war for Singapore Press Holdings’ real estate business escalated again on Monday, as Temasek-backed Cuscaden Peak announced a S$3.9 billion ($2.89 billion) offer that the Straits Times publisher judged “superior” to rival suitor Keppel Corporation’s terms.
The latest… Read More>>
Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.
Cuscaden Peak, a company… Read More>>
In today’s roundup of regional news headlines, co-working operator JustCo Singapore suffers a legal defeat in a case of “grossly unfair” contract terms, the brother of the city-state’s prime minister puts his fancy bungalow on the market, and South Korea’s… Read More>>
Keppel Corporation has offered to privatise Singapore Press Holdings’ non-media business, which consists primarily of real estate assets, in a cash-and-scrip deal valuing the Straits Times publisher at S$3.4 billion ($2.5 billion).
Under an agreement between the two firms announced… Read More>>
In today’s roundup of regional news headlines, a US fund manager ramps up its presence in Hong Kong’s Central, a hotel collapse in Suzhou claims eight lives, and Singapore’s condo resale volume dips.
Also in the… Read More>>
In this edition of Mingtiandi’s regional roundup, a former Goldman Sachs banker says he warned against doing business with Malaysian financier Jho Low, private equity giant Blackstone emerges as a possible bidder for an Aussie casino empire, and Singapore’s SPH… Read More>>
Cinemas are not popular destinations in Hong Kong these days but New World Development is willing to bet on reviving the State Theatre in North Point as the developer is expected to buy out the building in a Thursday compulsory… Read More>>
Masayoshi Son’s Softbank leads Mingtiandi’s collection of real estate stories today as the Japanese tech investment firm announces that it expects to record a $6.6 billion loss on its gamble on ill-fated co-working provider WeWork.
Also in the headlines, the… Read More>>
Greater China’s shopping situation was messy in the first quarter but Q2 might be on its way to surpassing the record retail wreckage of the first three months of 2020, as Luckin Coffee suspends its COO after an internal investigation… Read More>>
A REIT sponsored by media conglomerate Singapore Press Holdings has agreed to buy a half stake in one of the largest shopping malls in Australia for A$670 million ($461 million), continuing a wave of real estate investments Down Under by… Read More>>
