Country Garden again leads today’s collection of real estate headlines from around Asia Pacific as the developer’s creditors seek an official ruling after a bond default last week. Also making the list, the head of one of Hong Kong’s biggest… Read More>>
SGX-Listed Suntec REIT Sees Distributions Slide on Interest Rates, Forex
SGX-listed Suntec REIT saw its distributable income drop to S$50.3 million in the first quarter, down 27 percent from a year earlier as high borrowing costs foreign exchange issues offset higher revenues from its core business.
Distributable income per unit… Read More>>
KKR Follows Blackstone With REIT Withdrawal Cap and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, buyout giant KKR limits withdrawals from a real estate vehicle, investment bank Goldman Sachs sees Hong Kong home prices falling 10 percent this year, and flex space provider WeWork announces a round of… Read More>>
Chip Eng Seng Sells Aussie Hotel for $12M, Buys Out Maldives Project as Buyout Progresses
Celine and Gordon Tang chalked up three transactions in a week, including the sale of a hotel in Australia by Chip Eng Seng as the mainland billionaire couple bids to buy out the Singapore-listed builder.
Chip Eng Seng agreed to… Read More>>
Citadel Leases Two More Floors in Hong Kong’s IFC and More Asia Real Estate Headlines
Hong Kong’s stumbling office market looks like a bargain to at least one major US investment manager, with Chicago-based Citadel said to be tripling its footprint in the IFC. Also in the news today, Swire Properties has announced plans for… Read More>>
Kaisa to Resume Foshan Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped developer Kaisa vows to resume work at a project in Guangdong province, a raft of Singapore-listed REITs post financial results, and JLL says Asia Pacific hotels are gaining favour with investors as… Read More>>
CC Land Boss Wins Approval for £500M London Palace and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Hong Kong tycoon wins permission to build his eight-storey central London hideaway, the kings of Causeway Bay snap up another slice of the premier retail district, and a Texas-based private equity player… Read More>>
Suntec REIT Buying London Office Block From Ivanhoe Cambridge for $489M
After a pair of Singapore office sales, SGX-listed Suntec REIT has agreed to acquire a London office building for £353 million ($489.4 million), according to an announcement to the Singapore stock exchange.
The ARA Asset Management-controlled vehicle is purchasing The… Read More>>
Suntec REIT Sells 30% Stake in UBS Singapore HQ to Billionaire Gordon Tang
Suntec REIT has sold its 30 percent stake in Swiss bank UBS’s Singapore headquarters for S$295.5 million ($220.2 million), in a transaction that puts the owners of SingHaiyi Group in full control of the recently renovated asset.
“The divestment of… Read More>>
CapitaLand Sets Up Sustainable Innovation Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, real estate giant CapitaLand hatches a five-year fund to boost innovation and sustainability, another Hong Kong parking spot goes for an eye-popping sum, and Singapore’s retail and office REITs outperform despite recent COVID… Read More>>