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Jae Choi joins ICG from ESR

European Investment Giant ICG Expands APAC Team with Hire of ARA Veteran Jae Choi

2023/06/05 by Michael Cole Leave a Comment

Just one year after setting up operation in Asia Pacific, London-based fund manager ICG is adding to its senior leadership team in Asia with the hire of investor relations and capital raising star Jae Choi.

A 20-year industry veteran, Choi… Read More>>

South Korea NPS headquarters

NPS Tests Market for Aussie Shed Portfolio and More Asia Real Estate Headlines

2023/06/05 by Michael Cole Leave a Comment

In today’s look at the real estate headlines from around the region, a Korean pension fund is about to benchmark demand for Aussie sheds and Morgan Stanley sees Hong Kong homebuyers losing their property lust. Also in the news, you… Read More>>

Li Congrui (Getty Images)

China Jinmao Chairman Resigns After One Month on the Job

2023/06/04 by Christopher Caillavet Leave a Comment

The recently appointed chairman of China Jinmao Holdings has walked out the door after just 33 days in the role, to be succeeded by another longtime hand from the developer’s parent group, state-owned Sinochem Corporation.

Li Congrui resigned as chairman… Read More>>

Stephen Gaitanos, Scape

Scape Principals Team With APG, Bouwinvest for 10,000-Unit Aussie BTR Venture

2023/05/29 by Christopher Caillavet Leave a Comment

The principals of Scape Australia, Stephen Gaitanos and Craig Carracher, have formed a A$1.5 billion ($980 million) partnership with Dutch fund managers APG and Bouwinvest to develop and acquire assets in the emerging build-to-rent sector Down Under.

The fresh joint… Read More>>

Weijian Shan, PAG

PAG Chairman Shan Weijian to Headline Mingtiandi Hong Kong Forum on 27 June

2023/05/29 by Michael Cole Leave a Comment

Hong Kong is ready to host its biggest institutional real estate event since 2019 as Mingtiandi welcomes Asia’s top property executives to its first forum in the city in nearly four years.

The Mingtiandi Hong Kong Focus Forum 2023 features… Read More>>

Tan-Huay-Lim

Former Chair of Dasin Retail Trust Sues to Remove Audit Head

2023/05/29 by Beatrice Laforga Leave a Comment

One of three brothers controlling the sponsor of Singapore-listed Dasin Retail Trust is taking legal action accusing the head of the REIT’s audit and risk committee of unfair treatment in the latest challenge facing the financially troubled trust.

Zhang Zhencheng,… Read More>>

Stuart Gibson, ESR Group Co-founder and Co-CEO

ESR Partners With Mitsubishi, INA to Invest in Trio of Indonesia Logistics Parks

2023/05/29 by Christopher Caillavet Leave a Comment

Hong Kong-listed ESR has joined forces with Mitsubishi Corporation and the sovereign wealth fund of Indonesia to invest in three logistics parks in that country, marking the industrial specialist’s first strategic venture in Southeast Asia’s biggest economy.

The three ESR-developed… Read More>>

Tembusu Grand

Singapore’s CDL Sees Q1 Sales Plunge 55% as Home Inventory Runs Dry

2023/05/22 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) saw its sales plunge 55 percent in the first quarter as it nearly ran out of homes to sell in Singapore’s housing frenzy.

Singapore’s largest non-government-backed developer sold 88 units worth S$213.2 million ($158.4 million) in… Read More>>

Rangu Salgame, Chairman & CEO, Princeton Digital Group

Princeton Digital Group Buys Site for 150MW Malaysia Data Centre Campus

2023/05/22 by Christopher Caillavet Leave a Comment

Princeton Digital Group has struck a deal to acquire 31 acres (12.5 hectares) of land in Malaysia’s southern Johor state, across the border from Singapore, to develop a 150-megawatt data centre campus.

Warburg Pincus-backed PDG on Monday entered a definitive… Read More>>

Kennedy Town Site

Tender Opens for Plot in Hong Kong’s Kennedy Town and More Asia Real Estate Headlines

2023/05/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional headlines, the Lands Department launches the sale of a Kennedy Town residential plot in Hong Kong’s first government tender of the financial year, and Amazon renews leases for India office park space despite recent job… Read More>>

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