Just 25 months after raising $1.35 billion in what then ranked as Vietnam’s largest IPO ever, Hanoi-based residential developer Vinhomes is selling a minority stake in the company to a KKR-led consortium for VND 15.1 trillion (US$650 million), according to… Read More>>
Blackstone Buys NZ Offices from GIC, Goodman for $438M and More Asia Real Estate Headlines
New Zealand leads today’s roundup as Blackstone scoops up a set of office buildings in Auckland from a joint venture of Singaporean sovereign wealth fund GIC and a trust managed by Aussie industrial builder Goodman Group. Also in the headlines,… Read More>>
JD.com Bags $115M Stake in China Logistics Property and More Asia Real Estate Headlines
Leading today’s roundup, e-commerce giant JD.com is ramping up its logistics investments by bagging a 10 percent stake in China’s second-largest warehouse developer. The residential arm of Vietnam’s Vingroup is believed to have raised about $1.35 billion in its initial… Read More>>
GIC Invests $1.3B in Vingroup as VN Developer Readies for $2B Listing
Vietnam’s Vingroup has raised $1.3 billion from Singaporean sovereign wealth fund GIC as the country’s largest real estate developer prepares to list its luxury residential arm, Vinhomes JSC on the Ho Chi Minh City Stock Exchange.
Vingroup, which last year listed… Read More>>