Asia real estate and outbound investment news
South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.
New York-based Witkoff, which… Read More>>
Korea’s National Pension Service and US developer Hines have teamed up to buy a 49.5 percent stake in a $2.3 billion New York redevelopment that lead architects Kohn Pederson Fox are billing as one of the jewels of 21st century… Read More>>
Mapletree Investments has raised $1.8 billion for its first ever US and European logistics fund, leveraging the returns from leasing warehouses to e-commerce firms to expand the Singapore-based company’s capital management business.
The firm, which is backed by Temasek Holdings,… Read More>>
Lone Star Funds has succeeded in its JPY 205 billion ($1.9 billion) takeover of Japanese hotelier and property company Unizo, triumphing over rivals Blackstone and Fortress Investment Group.
Unizo said in a statement yesterday that Lone Star’s JPY 6,000 per… Read More>>
A troubled mainland developer’s race to dispose of assets to meet looming debt repayments took a twist yesterday when China Oceanwide Holdings brought on board a potential replacement buyer for its unfinished San Francisco project.
Oceanwide said in an announcement… Read More>>
A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>
Greystar Real Estate Partners has sold a university residential complex at the University of California at Davis to an investor consortium powered by Korea Investment & Securities in the largest ever trade of a single US student housing asset.
California-based… Read More>>
JP Morgan has reached an agreement to dispose of Manhattan’s landmark 195 Broadway to a consortium led by Korea Investment & Securities and Samsung SRA Asset Management for KRW 600 billion ($500 million), according to the Korea Economic Daily.
JP… Read More>>
China State Construction Engineering Corporation (CSCEC), the biggest builder in China and the third largest in the world has joined the rush of Chinese companies buying US real estate, and is apparently buying a $68 million site in New Jersey.
The Dalian Wanda Group, which made headlines earlier this year when it purchased US theatre chain AMC Entertainment, is going after more American assets – this time in the hotel sector.
Last week, the company’s chairman, Wang Jianlin, announced that… Read More>>
