Zhenro Properties, a top 30 Chinese developer by contracted sales, jolted investors late last week with the news that it was asking holders of a $200 million bond due in March to refrain from default claims as the company deals… Read More>>
GIC to Invest $376M in Bengaluru Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore sovereign investor GIC eyes an investment in a Bengaluru commercial project, China’s declining home prices decelerate for a second month, and Australia’s Lendlease tumbles to a first-half loss as the developer seeks… Read More>>
Manulife to Acquire Minority Stake in Hong Kong’s Arch Capital
Canada’s Manulife Investment Management has agreed to acquire a significant minority equity position in Hong Kong-based Arch Capital Management, a private equity firm focused on real estate in Asia Pacific.
Once the deal gains regulatory approval, it will combine Arch… Read More>>
Singapore’s Straits Real Estate Buying Aussie Office Assets For $107M
Asian investors continued a string of Aussie office acquisitions late this past week with Singapore’s Straits Trading announcing on Friday that its property division is buying a pair of freehold office buildings in Melbourne for A$150 million ($106.8 million).
Straits… Read More>>
Blackstone Wins Australia’s Crown Resorts in $6.3B Buyout Deal
Blackstone has reached a deal with Australia’s Crown Resorts in which the US private equity titan would acquire all the listed shares of the casino operator for A$8.9 billion ($6.3 billion).
The all-cash consideration of A$13.10 per share represents an… Read More>>
Hines Promotes Laura Hines-Pierce to Co-CEO
US developer and fund manager Hines late last week announced the promotion of Laura Hines-Pierce to the role of co-CEO alongside current chairman and CEO Jeffrey Hines.
The change in leadership for Hines, which established its first Asia Pacific-specific pooled… Read More>>
Shimao Marketing Shanghai Hotel for $354M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled Shimao shops its unique hotel property situated in a mine pit near Shanghai, Abu Dhabi-backed ADIA buys an Indian mall from fellow sovereign investor GIC, and a Zhenro Properties bond sags amid… Read More>>
ARA REIT Sells Greater Seoul Office Building to Korea’s Mastern for $853M
A trust managed by Singapore’s ARA Asset Management has sold the Alpharium Tower office building near Seoul for KRW 1.02 trillion ($853 million), nearly doubling its investment in the 2015-vintage asset.
Located in the Pangyo tech hub less than an… Read More>>
Hysan, Empire to Acquire Half of Henderson Kowloon Project for $780M
Hong Kong-listed Hysan Development and privately held Empire Group have agreed to acquire respective 25 percent stakes in a Henderson Land residential project in Kowloon’s To Kwa Wan area for a combined HK$6.1 billion ($780 million) in capital commitments, according… Read More>>
Developer Controlled by UOL Chairman Said Buying Singapore Luxury Site for $52M
A private developer owned by the Wee family which controls Singapore’s UOL Group has reportedly added a new luxury site to its pipeline with the purchase of a pair of bungalows in the city’s upscale District 11.
A unit of… Read More>>
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