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Wee Cho Yaw

Singapore’s UOL Pays S$675.3M to Buy Out Marina Bay Partners

2019/04/15 by Michael Cole Leave a Comment

Listed developer UOL and its subsidiary, United Industrial Corp (UIC), have agreed to pay S$675.3 million ($499.26 million) to take 100 percent ownership of the Marina Square shopping centre and the Marina Mandarin hotel in Singapore.

The pair of companies… Read More>>

Ben Keswick Jardine Matheson

Jardine-Backed Yonghui Buys Controlling Stake in Wuhan Retailer for RMB 559M

2019/04/15 by Jan Kot Leave a Comment

Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional supermarket chain Zhongbai Holdings Group in a deal valued at RMB 559 million ($83.2 million), according to a Shanghai Stock Exchange filing.

Yonghui is offering RMB… Read More>>

zhang wei china create capital

Buyer of HK$9.95B Henderson Project in Hong Kong Arrested for ‘Mafia Practices’

2019/04/13 by Jan Kot Leave a Comment

China Create Capital Ltd burst into the headlines early last year when the little-known investment firm purchased a Hong Kong office building from Henderson Land for HK$9.95 billion ($1.27 billion).

Now the Shenzhen-based financial firm, which purchased the 22-storey office… Read More>>

Tan Shu Lin OUE C REIT

Singapore’s OUE Proposes S$6.8B Merger of Commercial, Hotel REITs

2019/04/08 by Michael Cole 1 Comment

A pair of Singapore-listed property trusts affiliated with Indonesia’s Riady family may soon be merged, according to a deal proposed today by the managers of OUE Commercial REIT and OUE Hospitality Trust.

Under the proposal, unit holders in OUE Hospitality… Read More>>

du juan burberry shanghai

Burberry Shuts Shanghai Flagship Store in Global Retrenchment

2019/04/08 by Michael Cole Leave a Comment

Burberry closed the doors to its flagship store in Shanghai on March 31st, according to local media accounts, as the brand that made trench coats trendy shuttered its fourth shop in China’s commercial capital within the last eight months.

By… Read More>>

Yifang Tower

CBRE Brokers RMB 4.6B Sale of Shanghai Complex and More Asia Agency Wins Mingtiandi Broker Battle

2019/04/07 by Michael Cole Leave a Comment

In a new addition to Mingtiandi’s coverage of real estate transactions in the region, this week we are rolling out our broker battle column to bring you the latest details of which brokerages have been involved in the region’s largest… Read More>>

Ng Beng Tiong ARA

ARA Boosts Down Under Assets with A$97M Brisbane Office Buy

2019/04/01 by James Hatton Leave a Comment

Warburg Pincus-backed ARA Asset Management announced on Friday that it had acquired a commercial block in the central business district of Brisbane for a reported A$96.5 million ($68.8 million), in the latest in a series of big-ticket investments down under… Read More>>

wang wei sf express

SF Express Shuts China Shops as Retail Venture Fails to Deliver

2019/04/01 by Jan Kot Leave a Comment

Chinese logistics company SF Express is said to be closing its offline retail stores in some of China’s largest cities amid an economic slowdown and pressured margins in the logistics sector, according to an account in the local press.

SF… Read More>>

Stuart Gibson ESR

ESR Acquires Tokyo Bay Site for $1B Shed Project in Run-Up to IPO

2019/04/01 by Jan Kot Leave a Comment

Asia logistics real estate platform ESR announced on March 29 that it has acquired a parcel of land on Japan’s Tokyo Bay for development of a $1 billion warehouse facility.

The Warburg Pincus-backed developer specified that the $1 billion represents… Read More>>

Huang Qisen Tahoe Group

Tahoe Sells Stake in Hangzhou Project in Scramble to Repay RMB 3B Bond This Week

2019/03/25 by Michael Cole Leave a Comment

Facing a 28 March deadline to repay principal and interest on a RMB 3 billion ($450 million) bond, Tahoe Group issued a statement to the Shenzhen stock exchange today reassuring investors that the financially troubled mainland developer would be able… Read More>>

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