Hotel investors in Japan face a choice of quickly unlocking value by changing how an existing asset is run or accepting a lengthier timeline to develop a more purpose-built property from the ground up, according to speakers at the Mingtiandi… Read More>>
Hong Kong’s AB Capital Grows Japan Portfolio to 11 Hotels With Osaka Buys, Wins Marriott Deal
Fund manager AB Capital has purchased two hotels in Osaka for renovation and repositioning under Marriott International’s midscale City Express brand.
The acquisitions mark Hong Kong-based AB’s 10th and 11th hotels in Japan and the debut of City Express by… Read More>>
Savills Names Former Knight Frank Exec Neil Brookes to Lead APAC Capital Markets
Savills has made its fourth senior hire in Asia Pacific in as many months, with the London-based agency naming former Knight Frank global capital markets head Neil Brookes as executive managing director with its Asia Pacific capital markets team.
Based… Read More>>
Singapore Family Office Buys Brisbane Hotel for $22M and More Asia Real Estate Headlines
A tourism boost from Brisbane’s upcoming Olympic games leads today’s real estate headlines, with a Singapore family office betting on a hotel in the Queensland capital. Also making the list are a fresh report on the potential for a CapitaLand-Mapletree… Read More>>
Wee Hur Joins Aravest in $123M Purchase of Singapore’s Hotel Miramar as Spree Continues
The latest commitment in a salvo of investments by Singapore’s Wee Hur Holdings was revealed on Monday when the company announced that it has invested in a fund managed by a unit of Sumitomo Mitsui Financing and Leasing which has… Read More>>
SMFL-Backed Aravest Buys Half-Stake in Brisbane Office Tower for Reported $131M
Aravest, a Singapore-based unit of Sumitomo Mitsui Finance and Leasing Co, has acquired a 50 percent interest in a 40-storey office tower in central Brisbane in a deal said to value the stake at more than A$200 million ($131 million).
Graeme Torre Leaving APG, Brian Hung to Head APAC Real Estate Team
APG Asset Management announced on Monday that Graeme Torre will be leaving his position as managing director and head of real estate for Asia Pacific at the Dutch pension fund manager.
Torre is leaving APG later this month, after leading… Read More>>
China Home Sales Fall Further Despite Support and More Asia Real Estate Headlines
The unstoppable slide of China’s housing market leads today’s look at real estate headlines from around the region, as home sales in October fell nearly 42 percent from a year earlier. Singapore also makes the news with the republic seizing… Read More>>
Hong Kong’s Hon Kwok Land Sells Tsim Sha Tsui Hotel as Japan Portfolio Grows
With Hong Kong commercial property values continuing to slide and visitor numbers running far below pre-pandemic levels, developer Hon Kwok Land has agreed to sell one of its two hotels in the Asian financial hub.
Having fallen to a HK$675… Read More>>
Singapore Plans 700MW Data Centre Park on Jurong Island as Demand Soars
Singapore has set aside a piece of land in the city-state’s southern Jurong Island for a data centre park with up to 700 megawatts of power capacity, according to a Monday announcement.
The data centres are to be developed on… Read More>>
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