Mike Cai Wensheng, the billionaire co-founder of selfie-app Meitu, paid HK$650 million ($84 million) for a commercial property in Tin Hau on Hong Kong Island in a deal that values the Park Aura building at 20 percent above what comparable… Read More>>
Student Housing Heavyweights Scape, GSA, Wee Hur and Mapletree to Take Stage
With average rents for student housing in Sydney having risen 50 percent since 2018, according to Knight Frank, and with leasing rates climbing in other urban centres, student housing is rapidly becoming a core asset class for institutional investors and… Read More>>
Hilton to Open Singapore Hotel with UOL and More Asia Real Estate Headlines
A new hotel for Singapore’s Orchard Road area leads today’s roundup of real estate headlines from around the region as Hilton rolls out a new brand in Asia. Also in the news, Chongqing’s CC Land is refinancing a London retail… Read More>>
BlackRock, Malaysia’s YTL Buying Citadines Raffles Place From CapitaLand JV for $216M
CapitaLand Integrated Commercial Trust on Friday announced a deal to sell the residential element of downtown Singapore’s CapitaSpring building for S$280 million ($216.2 million), with market sources confirming asset management titan BlackRock and Malaysia’s YTL Corp as the buyers.
SGX-listed… Read More>>
KKR Reports $186M Q1 Loss, Readies Deployment of $116B War Chest
Private equity giant KKR posted a first-quarter loss of $185.9 million, reversing a year-earlier profit of $682.2 million, as red ink tied to the firm’s insurance business was tempered by growth in asset management income and fundraising.
Fee-related earnings rose… Read More>>
Link Points to Japan Expansion with Hire of Tokyo-Based Nuveen Executive
Link Asset Management continues to expand its fund management initiative, announcing on Monday that it has hired former Nuveen executive Steven Bass as head of Japan investments for its Link Real Estate Partners division.
Formerly a senior director with the… Read More>>
Amara Chairman Leads $392M Privatisation Bid for Singapore Hotel Group
Singapore’s Amara Holdings has received a buyout offer from parties led by the Teo family that controls the company, setting the stage for a deal that would value the SGX-listed hotel owner and operator at S$514.6 million ($391.9 million).
DRC… Read More>>
Global Real Estate Capital Raising Down More Than Half From 2022 Peak: ANREV
Fund managers raised $123 billion in new capital for investment in non-listed real estate in 2024, marking a 5 percent drop from the prior year and a decline of more than half from the 2022 peak, according to data compiled… Read More>>
Gaw Capital Launches Latest Opportunistic Fund with $2B Target
Less than two years after closing on $3 billion in commitments for its Gateway Real Estate Fund VII opportunistic vehicle, Hong Kong’s Gaw Capital Partners has begun raising cash for its latest edition of the strategy.
The real estate private… Read More>>
Singapore’s GIC Buying 35% Stake in Hotel JV With India’s Samhi for $88M
Singapore sovereign giant GIC has agreed to pay INR 7.52 billion ($88.2 million) for a 35 percent stake in a new investment platform for upscale hotel assets in India.
The partnership with Samhi Hotels Ltd is acquiring a seed portfolio… Read More>>
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