Some of the world’s biggest real estate investors may be competing for a rare chance for a $1.8 billion stake in one of India biggest property developers, while back in China the government is setting out new rules for foreign… Read More>>
Fosun NYC Project Blocked by Local Regulators and More Asia Real Estate Headlines
A joint venture real estate project in Manhattan led by China’s Fosun and local builder JD Carlisle has been stopped after unsuccessfully attempting to exploit a zoning loophole. Meanwhile, back on the mainland, both Greenland Group and Greentown Holdings continue… Read More>>
TPG-Backed DTZ Acquires Cushman & Wakefield for $2 Bil
A private equity group led by TPG Capital of the US is moving quickly to create what could be the world’s second-largest property consultancy by swooping in to acquire New York-based Cushman & Wakefield for a reported $2 billion.
According… Read More>>
UGL Closes on Sale of Real Estate Agency DTZ to TPG-Led Group
Real estate service provider DTZ this week confirmed the close of its sale to a private investment consortium composed of TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (the TPG & PAG Consortium), by Australian engineering… Read More>>
CY Leung Said to Have Received Secret Millions in DTZ Sale
Hong Kong Chief Executive CY Leung has been under fire from democracy protestors in Hong Kong, but now the former head of Asia for real estate service firm DTZ is taking even more heat for allegedly negotiating a personal windfall… Read More>>
Cathay Life Insurance Buys London Office Tower for $516M
China’s pursuit of London property continued this week, but this time from the other side of the Taiwan Straits, as Cathay Life Insurance purchased a building in the City of London for GBP 311 million ($516 million).
The Taiwanese life… Read More>>