Data centres lead Mingtiandi’s review of personnel moves around Asia Pacific again this week with a PAG-backed digital infrastructure player naming a new CTO. Also making our list this week is a senior level promotion within Shenzhen’s Kaisa Group… Read More>>
Asia Real Estate People in the News 2023-12-18
After a year of good behaviour some of Asia’s most senior real estate executives are getting new jobs for Christmas, leading with the head of China’s CITIC Group, who has been called to lead the country’s Forex regulator. Also making… Read More>>
Wanda Seeks to Refinance $275M Debt Facility and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, debt-saddled conglomerate Dalian Wanda is attempting to extend a maturing debt facility, and flexible office giant WeWork loses another C-level executive. Also in the news, Singapore’s Keppel Group buys into a Vietnam… Read More>>
PAG Blasts Spring REIT Management on Discounted Sino-Ocean Deal
PAG Real Estate has renewed its offensive against the management of Hong Kong-listed Spring REIT, just over a year after the firm failed in a bid to take control of the real estate investment trust.
The property arm of the… Read More>>
PAG Falls Short in Spring REIT Buyout Bid and More Asia Real Estate Headlines
The last working day in November sees one of Asia’s biggest homegrown private equity firms falling short in its bid to takeover a Hong Kong-listed REIT, while project owners in Singapore may be showing more confidence in the market as… Read More>>
PAG Seeks “Positive Change” with $671M Hostile Bid for Spring REIT
Private equity firm PAG launched a HK$5.24 billion ($670.8 million) hostile takeover to acquire all the units it doesn’t already own of Hong Kong-listed Spring REIT on Monday, at a price of HK$4.85 per unit.
The announcement sent the Hong… Read More>>
HK-Listed Spring REIT Buys Guangdong Mall From Huamao Property for $241M
Spring Real Estate Investment Trust has acquired its first retail asset in China as the Hong Kong-listed REIT announced late last week that it has agreed to purchase a shopping mall just north of Shenzhen for RMB 1.65 billion ($241… Read More>>
PAG Calls for Strategic Review of Spring REIT as Management Battle Boils Over
Alternative investment manager PAG Real Estate is calling for an external strategic review of Spring REIT by January 2018, following a failed effort to remove the REIT’s manager at an extraordinary general meeting held last week.
The move comes less… Read More>>
PAG Demands Legal Action as REIT Goes Rogue
A feud between a Hong Kong-listed real estate investment trust and one its biggest unit holders is ramping up, with alternative investment manager PAG demanding action by Hong Kong regulators over what it deems to be misleading statements by the… Read More>>
China Sanctions HNA for Related Party Deals and More Asia Real Estate Headlines
China’s cross-border investors continue to draw regulatory ire today, as the country’s insurance regulator slaps HNA for using its insurance division as a slush fund. Also in the news, Tujia.com raises a war chest for its own international expansion, and… Read More>>