In today’s roundup of regional news headlines, South Korea pauses warehouse development as lawmakers work on upgrading safety standards after a June fire, Singapore-listed Keppel DC REIT announces plans to sell an Australian data centre, and developer Sino Land’s profit… Read More>>
Sun Hung Kai Wins Approval for Shorter Version of $9B West Kowloon Project
Sun Hung Kai Properties has won approval from Hong Kong’s Town Planning Board for the construction of two towers atop West Kowloon station, clearing a key hurdle in the blue-chip developer’s quest to build what is estimated to be a… Read More>>
China Dominates APAC Property Investment With $12.4B in Q2 Deals
China continued its reign as Asia Pacific’s biggest real estate market in the second quarter with $12.4 billion in property investments, a total that was up 6 percent compared with the same period in 2020, according to Real Capital Analytics.
PAG, Warburg Backing $6B Pre-IPO Round for Wanda and More Asia Real Estate Headlines
Dalian Wanda leads the news today as it heads back to the Hong Kong stock exchange with a new group of backers, which are said to include PAG, Country Garden, Tentcent and Warburg Pincus.
Also in today’s… Read More>>
Evergrande Said Discussing $2B Sale of Wanchai HQ to Yuexiu Amid Govt Pressure
Embattled mainland developer China Evergrande Group is in talks to sell its largest single property asset for around $2 billion, according to sources familiar with the discussions who spoke with Mingtiandi.
Yuexiu Property, a branch of the local government of… Read More>>
ESR Announces $4B China Development Fund Backed by APG, GIC
Hong Kong-listed ESR on Monday announced the creation of a China logistics development fund with capital commitments from Dutch pension fund manager APG Asset Management and Singapore sovereign wealth fund GIC, targeting up to $4 billion in investment capacity.
The… Read More>>
Lendlease Launches $600M Japan Data Centre Project After Two Year Drought
Lendlease has launched its first data centre project in Japan, with the Australian developer promising a facility among the largest in Asia’s most developed economy as it puts a two-year-old investment fund into gear.
The hyperscale data centre will occupy… Read More>>
China Blocks Private Development Funds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China presses pause on private equity funds seeking to raise money to invest in residential property developments, Australia’s Lendlease plans a restructuring to cut costs, and Hong Kong’s New World Development sees its… Read More>>
IWG Forms Greater China Flexible Office JV with Hong Kong’s Hysan
Flexible office provider IWG and retail and office landlord Hysan Development will form a joint venture with the exclusive right to operate all IWG brands in Hong Kong and throughout the Greater Bay Area, the companies announced Monday.
The JV… Read More>>
Cushman & Wakefield Names Forrester Global CEO as Revenue Jumps 29%
Commercial real estate brokerage Cushman & Wakefield posted second-quarter revenue of $2.2 billion, a 29 percent surge from the same three months in 2020, with the company releasing the results at a conference where it also revealed an upcoming top… Read More>>
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