Hong Kong-based telecom operator PCCW is selling its data centre business to DigitalBridge, a New York Stock Exchange-listed real estate investment trust that was known as Colony Capital until one month ago, for $750 million, according to a notice to… Read More>>
GIC Teams with Partners Group to Acquire Aussie Hotel Portfolio for $457M
Singapore sovereign wealth fund GIC has teamed up with Swiss private equity firm Partners Group and Melbourne-based hospitality operator Salter Brothers to acquire a portfolio of 11 Travelodge hotels in Australia with a gross asset value of A$620 million ($457.3… Read More>>
Asia Proptech Survey Enters Final Days
With climate change and industrial innovation threatening to shorten the lifespans of real estate assets, many property developers and fund managers globally are looking for technologies which will help to protect properties against premature obsolescence.
Measuring the extent to which… Read More>>
GIC to Invest $700M in Starbucks Korea and More Asia Real Estate Headlines
Singapore’s ever-active sovereign wealth fund is back in the news again today as GIC is said to be signing up for a 30 percent slice of Starbucks’ Korea operation, as the American coffee firm exits a joint venture with Shinsegae… Read More>>
CapitaLand Shareholders Set to Vote on $15.9B Restructuring on 10 August
CapitaLand’s $15.9 billion plan to privatise its development operation and spin off its fund management business is set to go to shareholders next month after receiving approval from the board of Southeast Asia’s largest real estate business.
“This restructuring is… Read More>>
Colliers Hires John Howald as Head of International Capital for APAC
Colliers International is further reinforcing its Singapore-based team with the hiring of John Howald as executive director and head of international capital for Asia Pacific.
Joining Colliers from JLL Japan, Howald will report to Terence Tang, managing director for capital… Read More>>
Has the Pandemic Remade Asia’s Real Estate Industry? Take Our Survey
The COVID-19 pandemic brought major changes to Asia’s real estate industry, according to a Mingtiandi survey conducted one year ago, and a poll being conducted this month aims to measure how much further this innovation has to go.
The Mingtiandi-Yardi… Read More>>
Evergrande Securities Slump as Bank Deposit Frozen and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s share and bond prices tumble as a court freezes a bank deposit held by the indebted developer, while a senior executive of the group appears in a Hong Kong court to… Read More>>
Former Love Hotel Developer Set to Go Private in Singapore Buyout
The founder of a Singapore real estate developer that got its start operating hotels in the city’s red-light district is set to take the company private after reaching a key milestone in a buyout effort today.
A voluntary conditional cash… Read More>>
Colliers, CBRE Announce Senior Hires as SG, HK Markets Revive
The last three weeks have seen a burst of people moves in key Asian markets as property services firms start to replenish their executive ranks amid signs of a post-pandemic rebound in Hong Kong and Singapore.
Colliers International this month… Read More>>
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