Hong Kong’s Swire Properties has sold another piece of its Florida real estate portfolio for $49 million, as the blue chip developer continues to liquidate assets at the same time that its parent, Swire Pacific, struggles to deal with ongoing… Read More>>
China Oceanwide Faces Payment Demand After $175M NYC Default
China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served with a default notice for a $175 million loan backed by the group’s troubled skyscraper project in Lower Manhattan.
New York-based… Read More>>
Korea’s IGIS Adds DC-Area Multi-Family Asset to North American Portfolio
South Korea-based IGIS Asset Management has acquired a 520-unit multi-family asset in Alexandria, Virginia in partnership with US investor Timberline Real Estate Ventures, placing a bet on rental residential in one of America’s priciest cities for housing.
Located 10 miles… Read More>>
Ascott REIT Doubling US Student Housing Portfolio to 8 Assets With $213M Buy
Ascott Residence Trust has agreed to acquire four more US student accommodation assets for $213 million, bringing the Singapore-listed REIT’s portfolio of North American university housing to eight properties as it continues to expand beyond its roots in serviced apartments… Read More>>
Gaw Capital Sued by Wells Fargo, Apollo Over Manhattan Hotel Default
Gaw Capital Partners’ investment in a hip New York City hotel has pulled it into a conflict with Wells Fargo bank and US private equity heavyweight Apollo Global Management, after the Hong Kong fund manager stopped making payments on a… Read More>>
Tishman Speyer Gets $1.5B US Investment Mandate From Korea’s NPS
US developer Tishman Speyer has teamed up with South Korea’s National Pension Service Investment Management, better known as NPS, to create a $1.5 billion separately-managed account focused on investments in real estate innovation and high-demand asset classes in major US… Read More>>
Mapletree Spends $3B to Purchase 141 US Warehouses for Private Fund
Mapletree Investments on Thursday announced that it has paid about $3 billion to add to its US logistics holdings, marking the Singaporean real estate fund manager’s third major North American market milestone since May.
The Temasek Holdings-owned firm has purchased… Read More>>
CapitaLand’s Ascott Group Adds to Rental Empire With Texas, Australia Deals
Singapore-based CapitaLand’s rental housing division made a pair of overseas bets this week, with the managers of SGX-listed Ascott Residence Trust announcing the purchase of a Texas student accommodation asset and Ascott Ltd taking full ownership of Quest, Australia’s biggest… Read More>>
Alibaba’s Joe Tsai Revealed as Buyer of $157.5M Manhattan Condo
Alibaba’s vice chairman Joseph Tsai has seen his company’s stock price take a beating this year, but that hasn’t stopped him from buying the third most expensive home in American history.
The billionaire e-commerce entrepreneur and Jack Ma running buddy… Read More>>
GIC, CPPIB and Boston Properties Launch $2B US Office Joint Venture
Singapore sovereign wealth fund GIC and the Canada Pension Plan Investment Board are headed back stateside, joining with commercial developer Boston Properties to create a co-investment programme targeting acquisitions of US office properties.
The trio are committing an aggregate $1… Read More>>
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