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Beh Siew Kim of Ascott

Ascott REIT Buying Carlyle-Backed Illinois Student Housing Project for $83M

2021/11/01 by Christopher Caillavet Leave a Comment

Ascott Residence Trust has agreed to acquire an apartment building near the main campus of the University of Illinois, marking the Singapore-listed REIT’s fourth investment in the US student accommodation market this year.

ART will pay $83.25 million for the… Read More>>

245 Park Avenue manhattan new york

HNA-Owned NYC Tower Files for Bankruptcy and More Asia Real Estate Headlines

2021/11/01 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, a New York skyscraper owned by failed Chinese conglomerate HNA files for bankruptcy, mainland developer Yango asks for an extra year to repay holders of its asset-backed securities, and a Hong Kong developer… Read More>>

Ong Beng Seng

Temasek-Led Group’s $2.5B Bid Tops Keppel Offer for SPH Real Estate Business

2021/10/31 by Christopher Caillavet Leave a Comment

Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.

Cuscaden Peak, a company… Read More>>

han xiaosheng oceanwide

Creditors Seize Oceanwide’s San Francisco Office Project After $320M Bond Default

2021/10/30 by Christopher Caillavet Leave a Comment

China Oceanwide Holdings suffered another blow to its shrinking real estate empire on Thursday as creditors foreclosed on the cash-strapped developer’s unfinished San Francisco mixed-use project, which had served as collateral for about HK$2.5 billion ($320 million) in notes that… Read More>>

Wanda Applies for Hong Kong IPO with Backing From PAG, Tencent and Ant

2021/10/25 by Christopher Caillavet Leave a Comment

Beijing-based Dalian Wanda Group filed papers Thursday to bring its commercial property business back to the Hong Kong stock market, as the developer controlled by billionaire Wang Jianlin looks to end five years marooned as a private firm after an… Read More>>

evergrande construction

Evergrande Says Work Moving Ahead at More Than 10 Stalled Projects

2021/10/25 by Christopher Caillavet Leave a Comment

Shares of debt-stricken China Evergrande saw a brief surge Monday after the developer sought to ease investor anxiety by announcing that work had resumed on more than 10 residential projects in six cities of Guangdong province.

In a WeChat post… Read More>>

Hines Hires Angelo Gordon Veteran Jon Tanaka to Head Japan Business

2021/10/25 by Beatrice Laforga Leave a Comment

US developer Hines has named its first country head for Japan as the blue-chip builder continues to expand its footprint in Asia Pacific.

The Houston-based real estate investment firm announced today that it has appointed former Angelo Gordon executive Jon… Read More>>

CherrybrookVillage Melbourne

Metro JV Buys Aussie Shopping Centre for $99M and More Asia Real Estate Headlines

2021/10/25 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, a joint venture featuring Singapore’s Metro Holdings buys an Australian shopping centre, shares of Evergrande’s EV unit jump after chairman Xu Jiayin touts a long-term plan to make electric cars the group’s main… Read More>>

Darren Searle Logos

Logos-Led Consortium Buying Sydney Airport Site for $594M

2021/10/18 by Mingtiandi Team Leave a Comment

Logos Property Group is set to add 13.8 hectares (9.4 acres) to its burgeoning Sydney land bank after the warehouse developer and fund manager announced on Friday that it had led a consortium buying a site near the city’s airport… Read More>>

peter wittendorp silkroad

SilkRoad Acquires Fifth Hong Kong Industrial Asset for Reported $167M

2021/10/18 by Pawara Laothamatas Leave a Comment

SilkRoad Property Partners is adding a fifth industrial asset to its Hong Kong portfolio after consolidating block C at the Hang Wai Industrial Centre in the New Territories through a series of transactions said to total over HK$1.3 billion ($167.1… Read More>>

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