In today’s roundup of regional news headlines, Chinese developer ABP draws flak for a stalled mixed-use project in London, cash-strapped Evergrande moves forward with efforts to sell a Hong Kong plot despite the property’s receivership, and manufacturer Karrie International gets… Read More>>
Allianz Fund Buying Half-Stake in Sydney Complex From ADIA for $445M
Allianz Real Estate has agreed to acquire a 50 percent stake in Sydney’s Commonwealth Bank Place office complex for $445 million, as Australia’s commercial property market gets off to a hot start this year after a record-breaking 2021.
The real… Read More>>
Singapore Sets Efficiency Targets as Data Centre Reopening Kicks Off
New data centres are on the way in Singapore, the government revealed late last week, but not very many and only under tight efficiency guidelines, according to information provided by regulators to data centre industry players in an online meeting.
Evergrande Says Hong Kong Project in Receivership After Asset Seizure Report
Following media reports within the last week that two of China Evergrande’s largest assets have been seized by creditors, the defaulting mainland developer confirmed late Sunday that it had lost control of a 2.2 million square foot (204,387 square metre)… Read More>>
Blackstone Raises $11B for Regional PE Deals and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity giant Blackstone raises an $11 billion war chest to buy companies in Asia, developers ESR and CK Asset obtain sustainability-linked loans, and demand for Hong Kong’s nano flats ebbs as home… Read More>>
PGIM Real Estate Buys Pair of Hong Kong Hotels as Co-Living Conversions Catch On
PGIM Real Estate has moved to acquire a pair of Hong Kong hotels, including snapping up a mid-range Central hostelry for a reported HK$850 million ($109 million), as the city’s travel slump persists and the market for residential conversions heats… Read More>>
Colliers Promotes CK Lau to Replace Nigel Smith as Hong Kong Head
Property services firm Colliers on Monday announced the promotion of CK Lau to managing director for Hong Kong, effective immediately.
Reporting to Sam Harvey-Jones, chief operating officer for Asia Pacific, Lau will be responsible for leading the growth of Colliers… Read More>>
PAG Data Centre Startup Names Digital Realty Veteran as CEO
Hong Kong-based PAG continues to ramp up its incursion into Asia’s data centre race with the private equity firm on Friday announcing the appointment of Amandine Wang as chief executive officer of its Flow Digital Infrastructure venture.
Wang’s appointment came… Read More>>
GLP Launches $1.1B Vietnam Logistics Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, warehouse specialist GLP launches its first fund focused on Vietnam, Chinese developer Agile Group gets a lifeline from state-backed COLI, and buyers snap up apartments at new projects in Hong Kong and Shanghai.
Swire Sells Florida Development Project to Kushner JV for $49M
Hong Kong’s Swire Properties has sold another piece of its Florida real estate portfolio for $49 million, as the blue chip developer continues to liquidate assets at the same time that its parent, Swire Pacific, struggles to deal with ongoing… Read More>>
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