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Bytedance Beijing HQ

ByteDance Eyes $2.4B Investment in Malaysia Data Centres, AI Hub

2024/06/10 by Christopher Caillavet Leave a Comment

TikTok developer ByteDance plans to expand its data centre facilities in Malaysia with an additional investment of MYR 1.5 billion ($320 million), according to the country’s minister of investment, trade and industry.

The Chinese tech firm also hopes to make… Read More>>

HKR International chairman Victor Cha

Hong Kong’s HKRI Warns of Full-Year Loss on Impairments, Markdowns

2024/06/10 by Christopher Caillavet Leave a Comment

HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate downturn, with the developer warning of a net loss of unspecified magnitude for the fiscal year to the end of March.

… Read More>>

Tycoon’s Son Seeks $62M for Singapore Mansion and More Asia Real Estate Headlines

2024/06/10 by Ponrath Sopannarath Leave a Comment

A scion of a Singapore department store dynasty seeks to sell his good-class bungalow for $62 million, with that story leading Mingtiandi’s headline roundup today. South Korea’s KIC also makes the list as it allocates $400 million for domestic asset… Read More>>

Luke Li, ESR China

ESR, Gaw and Stephenson Harwood Lead MTD TV Logistics Forum This Week

2024/06/10 by Michael Cole Leave a Comment

Mingtiandi’s fifth annual logistics forum kicks off this week on MTD TV with panels on the China, Japan and Korea markets featuring speakers from some of the region’s top developers, warehouse operators and expert advisors.

The programme, which is sponsored… Read More>>

Pacifica president and CEO Seth Sulkin

Pacifica to Develop, Operate Courtyard by Marriott Hotel in Hiroshima

2024/06/03 by Christopher Caillavet Leave a Comment

Tokyo-based Pacifica Capital and Pacifica Hotels are partnering with Marriott International on a new 183-key hotel in central Hiroshima, as Japan’s hospitality sector continues to generate deals amid a tourism boom.

Scheduled to open in early 2027, the project will… Read More>>

ANREV Top 10 managers

ESR Leads APAC Real Estate Fund Managers by AUM: ANREV

2024/06/03 by Kevin He Leave a Comment

Global real estate assets managed by a sample of fund managers reached $4.1 trillion at the end of 2023, representing a 2.5 percent decline from the prior year and marking the second consecutive year of contraction from the historic peak… Read More>>

Tham Kuo Wei of Mapletree

Mapletree Industrial Trust CEO Tham Kuo Wei Leaving Post in July

2024/06/03 by Christopher Caillavet Leave a Comment

The longtime CEO of Mapletree Industrial Trust’s manager is stepping down, as Singapore’s Mapletree Investments continues to shake up the leadership at its sponsored REITs.

Tham Kuo Wei, MIT’s boss of more than 13 years, will relinquish his roles as… Read More>>

Xu Jiayin evergrande

China Evergrande Fined $576M for Fraud and More Asia Real Estate Headlines

2024/06/03 by Michael Cole Leave a Comment

The poster child for China’s real estate crisis leads Mingtiandi’s headline roundup again today, with Beijing authorities fining Evergrande $576 million for fraud. JD.com also makes the news with the postponement of a Hong Kong IPO and China home prices… Read More>>

Stephen Schwarzman Blackstone

Blackstone Marketing Singapore Worker Housing Portfolio

2024/06/02 by Beatrice Laforga Leave a Comment

Blackstone is marketing a portfolio of foreign worker dormitories in Singapore after holding the properties for more than a decade, Mingtiandi has learned.

The private equity giant has appointed Barclays to market the Avery Lodge portfolio, a set of four… Read More>>

Sime Darby Property managing director, Dato’ Azmir Merican

Logos, Sime Darby Hit $213M Final Closing for Malaysia Development Fund

2024/05/27 by Christopher Caillavet Leave a Comment

A joint venture of Logos and Sime Darby Property has reached a final closing of its fund targeting development of logistics assets in Malaysia, with the vehicle attracting MYR 1 billion ($213 million) in committed capital.

The fundraising haul will… Read More>>

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