GIC, Singapore’s sovereign wealth fund, has formed a joint venture to acquire a stake in a high tech office portfolio in the Playa Vista area of western Los Angeles, according to a statement today by the $100 billion government investment… Read More>>
The $1B NYC Tower That Woulda, Coulda Been Wanda’s
Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and China due to a mix of regulatory and financial pressures.
However, a recently… Read More>>
Singapore’s GIC Leads $800M US Data Centre Deal
A group of investors led by Singapore’s sovereign wealth fund GIC is betting $800 million that the US will need more storage space for an exponentially growing universe of data.
GIC has teamed up with Denver-based investment firm Mount Elbert… Read More>>
Greenland Group Said Hawking LA Hotel for $280M Amid US Pullback
China’s Greenland Group is reportedly shopping the hotel within its flagship mixed-use project on the US west coast only 10 months after it opened, in the latest sign of overseas strains for the state-owned property firm.
Greenland USA, the company’s… Read More>>
Greenland Boosts Stake in $5B Pacific Park Project in NYC to 95%
A government clampdown on outbound investment has stifled many of China’s biggest buyers of overseas real estate, but Greenland Holdings is bucking the trend by going nearly all-in on its joint venture to develop part of a $5 billion New… Read More>>
GIC, CPPIB Partner with Cortland in $550M US Multifamily Deal
For the second time in one week, Singapore’s sovereign wealth fund GIC has teamed up with Canadian pension giant CPPIB to buy up residential properties in the US, via a $550 million deal for multifamily assets primarily in the country’s… Read More>>
Singapore’s Ascott Makes $60M Silicon Valley Hotel Deal in Latest US Acquisition
Singapore’s CapitaLand is making its fourth US acquisition in less than six months, buying a Silicon Valley hotel through its serviced residence unit The Ascott Limited in a S$81.5 million ($60.1 million) project.
The investment amount includes Ascott’s planned refurbishment… Read More>>
Greenland-Led Chinese Consortium Said Dumping $2 Bil Bay Area Project
Greenland Group was once a leader of China’s outbound investment wave, snapping up nearly $19 billion in overseas real estate projects from Los Angeles to London over less than four years.
But the state-owned, Shanghai-based developer has reduced that nearly… Read More>>
URWork To Land in Fosun’s 28 Liberty in Manhattan
China’s URWork has joined forces with an American flexible office provider to open its first US location in downtown Manhattan, as the battle for co-working domination intensifies. The $1.3 billion Beijing startup that aims to be China’s answer to WeWork… Read More>>
Ascott REIT Buys Times Square Hotel for $106M in 3rd NYC Acquisition
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>
