The ongoing travails of WeWork lead Mingtiandi’s roundup of Asia real estate headlines today with the news that the shared office giant plans to cut at least a third of its 12,000 person team.
Also in the news, a Singapore… Read More>>
Temasek Bids for Controlling Stake in Keppel Group in S$4.1B Deal
Singapore’s Temasek Holdings has made a bid to take a controlling stake in Keppel Corp through an offer that values the engineering, infrastructure and real estate group at S$4.1 billion ($3 billion).
If successful, the offer will give the state… Read More>>
Temasek JV Selling Andaz Singapore Hotel for Record S$475M
Singapore-based Hoi Hup Realty has entered into a binding agreement to buy the Andaz Singapore hotel, according to a statement posted today on the developer’s website, in what ranks as the largest ever purchase of a single hotel asset in… Read More>>
Eastdil Splits from Wells Fargo in Temasek-Backed Management Buyout
Real estate investment bank and brokerage Eastdil Secured, which handled $243.5 billion of transactions last year, is poised to expand into Asia Pacific and Europe after securing a management buyout, according to a company announcement.
The New York-headquartered firm said… Read More>>
Gaw Capital, Allianz Close in on S$1.5B Purchase of Singapore’s Duo Project
Gaw Capital Partners is leading an investor consortium that has entered into advanced negotiations for the acquisition of the Duo Tower office building and the connecting Duo Galleria shopping centre for a sum in excess of S$1.5 billion ($1.1 billion),… Read More>>
CapitaLand to Acquire Ascendas-Singbridge in S$11B Deal
Singapore’s CapitaLand announced early Monday that it had agreed to buy a controlling stake owned by Temasek Holdings in fellow government-backed developer Ascendas-Singbridge in a deal which would value the target company at S$11 billion ($8.13 billion).
CapitaLand has agreed… Read More>>
Hong Kongers Protest Artificial Island Plan and More Asia Real Estate Headlines
Hong Kong residents may be sick of the city’s ongoing housing crisis but at least a few thousand of them seem to have found the government’s proposed cure to be worse than the illness. Protests over the weekend lead today’s… Read More>>
Ascendas-Singbridge Reveals $300M India JV with Temasek, Said Close to UK Deal
Singapore’s Ascendas-Singbridge Group today announced a new S$400 million ($300 million) investment programme with government giant Temasek Holdings to develop a portfolio of as much as 15 million square feet (1.39 million square metres) of industrial real estate projects in… Read More>>
Temasek Said Eyeing Deals for HNA-Owned Firms and More Asia Real Estate Headlines
Leading today’s roundup, distressed Chinese conglomerate HNA Group may get some mileage out of its new friendship with Temasek Holdings, as the Singaporean investment firm is said to be pondering deals for HNA-owned Swissport Group and Gategroup. Also in… Read More>>
Vanke Says Baoneng Unit to Divest 10% Stake and More Asia Real Estate Headlines
One of China’s most watched corporate soap operas seems to have finally reached the series finale as a unit of one-time corporate raider Baoneng is said to be selling its 10.3 percent stake in China Vanke. The report appears to… Read More>>