Asia real estate and outbound investment news
GIC has joined forces with US private equity firm Centerbridge Partners on a proposed takeover of Indus Realty Trust, chalking up the Singapore sovereign wealth fund’s third pitch to buy out a North American REIT since September.
Under the terms… Read More>>
Struggling to repay bond investors, Greenland Holdings has sold a 59-storey Los Angeles residential tower, the centrepiece of the Chinese developer’s first-ever US project, to American apartment operator Northland for $504 million.
The transaction for the 685-unit THEA at Metropolis… Read More>>
Singapore’s GIC is making its second mega-bet on the US property market within the last month with the sovereign wealth fund having joined with an American partner to buy Warren Buffett’s favourite REIT for $14 billion in cash.
GIC teamed… Read More>>
Mori Trust, one of the largest developers in Japan, has made its second office acquisition in the Washington DC metropolitan area in picking up 601 Massachusetts Avenue NW for a reported $531 million to score the district’s biggest deal for… Read More>>
Singapore’s GIC is said to be putting up capital for one of the biggest bets on US office space this year as commercial real estate investor and operator Workspace Property Trust announced a $1.13 portfolio investment late on Monday.
The… Read More>>
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
Ascendas REIT has made its second foray into the US industrial market, with the Singapore-listed trust agreeing to acquire a portfolio of seven Chicago-area logistics properties for S$133.2 million ($99 million).
The seven assets span 132,344 square metres (over 1.4… Read More>>
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 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>>
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>>
