In today’s roundup of regional news headlines, Singapore-listed Stamford Land responds to questions raised by regulators about the proposed disposal of an Auckland hotel, and a redevelopment site in the city-state’s Pasir Panjang area sells to homebuilder Silver Edge.
Singapore’s Stamford Land Selling Auckland Hotel to Alvarium Consortium for Record $94M
Stamford Land is making New Zealand’s biggest ever divestment of a single hospitality asset by selling its sole five-star hotel in Auckland to a consortium led by local hotel owner and operator CP Group for NZ$170 million ($94.28 million),
In… Read More>>
Blackstone Said Selling Stake in Embassy REIT and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity titan Blackstone is reportedly set to offload up to a $400 million stake in India’s first publicly listed REIT, Singapore’s Stamford Land sells an upscale hotel in downtown Sydney, and banking… Read More>>
Singapore’s Stamford Land Sells Sydney Hotel to Vietnam-Linked Group for $146M
Singapore-listed Stamford Land is selling an Australian five-star hotel to a Vietnamese-backed developer and fund manager for A$210.5 million ($146.37 million) with the new owner set to redevelop the property in Sydney’s central business district into luxury apartments.
Noting that… Read More>>
China Logistics Properties Stake on Block for $1B and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, China Logistics’ two biggest shareholders set in motion a plan to sell a 50 percent stake in the firm, a Hong Kong mixed-use property formally changes hands, and Singapore developer CDL obtains… Read More>>