A real estate affiliate of Japan’s Sumitomo Corporation has formed a wood-themed A$1.2 billion ($790 million) joint venture with Brisbane property firm Cedar Pacific to develop rental housing in Australia as Japanese companies deepen their involvement in the country’s residential… Read More>>
Gemdale Chairman Exit Triggers Latest China Crisis and More Asia Real Estate Headlines
The chairman of China’s Gemdale Properties resigned on Tuesday after 25 years leading the company and a resulting meltdown in the company’s stocks and bonds leads today’s collection of real estate headlines from around the region. Country Garden also makes… Read More>>
Sumitomo Buying Central Mumbai Plot for $626M in City’s Priciest Land Deal
Japan’s Sumitomo Realty & Development has agreed to buy a 22 acre (8.9 hectare) land parcel in central Mumbai from Bombay Dyeing and Manufacturing for INR 5,200 crore ($626.3 million).
Bombay Dyeing, a unit of India’s Wadia Group conglomerate, said… Read More>>
Perennial Gets $2.2B in Green Loans for SG Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Singapore redevelopment project wins a record-setting green loan, Temasek Holdings admits to a $275 million hole in its portfolio after investing in troubled crypto exchange FTX, and mainland developer China Evergrande touts… Read More>>
Asia Real Estate People in the News 2020-05-04
In this week’s edition of People in the News, insurance giant Allianz has added a pair of new faces to its APAC team and Gaw Capital has taken on some new talent in Hong Kong.
In other moves around the… Read More>>
HK Retailers Offered Monthly Leases as Sales Plummet and More Asia Real Estate Headlines
Short-term leases lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that landlords are offering shop tenants in Hong Kong monthly agreements as the retail sector continues to come under pressure in the Asian… Read More>>
Sumitomo Buying India’s Most Expensive Land Parcel for $323M
Japanese conglomerate Sumitomo Corporation is poised to buy the most expensive plot of land ever sold in India, according to local media.
The Tokyo-headquartered conglomerate, which has completed 300 real estate projects globally at a value of $30 billion, submitted… Read More>>
Aberdeen Standard Links With Sumitomo Mitsui Bank for Japan Real Estate JV
The UK’s Aberdeen Standard Investments (ASI) has teamed up with Japan’s Sumitomo Mitsui Trust Bank to form a residential property investment joint venture, the Edinburgh-based company announced today.
The partnership, which primarily targets the Japanese market, will enable the Scottish… Read More>>
Gaw Said in Talks to Buy HNA’s SF Office Tower and More Asia Real Estate Headlines
As much of the region heads into an Easter holiday, Asia’s dealmakers refuse to take a break as Goodwin Gaw has reportedly been spotted shopping at the San Francisco location of HNA’s global real estate bargain bin. Singapore’s Mapletree is… Read More>>
Ivanhoé Cambridge Targets $630M in India Deals and More Asia Real Estate Headlines
Leading today’s real estate news, Ivanhoé Cambridge is looking to double its real estate investments in India — if it can find the right sites. Further east, a famed American toy retailer plans to roll out stores in Beijing and… Read More>>