Asset manager PGIM reaffirms its commitment to Asia Pacific real estate despite trade turmoil, with that story leading today’s headline roundup. Also in the news, Singapore-listed Keppel DC REIT reports rising revenue and Hong Kong’s Link completes its solar power… Read More>>
GIC Abandons Seoul Office Sale Amid Korean Crisis and More Asia Real Estate Headlines
Singapore’s GIC drops the sale of its landmark Seoul Financial Center after bids failed to satisfy the sovereign giant, with that story leading today’s headline roundup. Also in the news, SGX-listed Cromwell E-REIT agrees to sell a pair of office… Read More>>
Wharf Holdings Set to Swing to Six-Month Loss of Up to $360M on Revaluations
Asset markdowns plagued Wharf Holdings during the first six months of the year, with the Hong Kong developer warning of an attributable loss for the period in the range of HK$2.5 billion to HK$2.8 billion ($320 million to $360 million).
Hong Kong Tycoons Marketing London West End Office Block for $172M
A private investment vehicle backed by some of Hong Kong’s biggest property tycoons has slashed the asking price for a prime office building in London’s prestigious St James’ district, after the property’s value fell as much as 18.5 percent from… Read More>>
CapitaLand India Trust Updates Warehouse Deal and More Asia Real Estate Headlines
CapitaLand India Trust is moving forward with a $21.6 million Chennai acquisition now that the pair of warehouses have been completed and leased, with that story leading Mingtiandi’s headline roundup today. Also in the news, Ping An wins a long-term… Read More>>
Carlyle Seeks $4B Exit Deal for McDonald’s China and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, US private equity giant Carlyle Group reportedly seeks a buyer for part of its stake in McDonald’s China, and McKinsey warns on remote work. Also on the list, Guangzhou R&F Properties faces a… Read More>>
Wharf Holdings Warns of Full-Year Loss as Mainland Sales Dry Up
Wharf Holdings is bracing to report a full-year loss for 2022 after a slowdown in the Hong Kong developer’s mainland China business.
The blue-chip builder majority-owned by Peter Woo’s Wheelock and Company may post a loss for the 12 months… Read More>>
Wharf’s Woo Calls for Scrapping HK Travel Curbs and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a billionaire property tycoon urges an end to Hong Kong’s onerous travel restrictions, Singapore’s Lian Beng looks to unload a Joo Chiat commercial property, and SGX-listed Cromwell E-REIT sells some industrial assets.
Wharf Holdings H1 Profit Down 95% as Lockdowns Put Clamps on Activity
Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 million ($7.3 million) in the first half of 2022 as COVID-19 lockdowns in mainland China and Hong Kong caused “severe hardships” to the group’s… Read More>>
Asia Real Estate People in the News 2022-05-16
A former CapitaLand executive’s appointment to the top role at Singapore Press Holdings leads Mingtiandi’s collection of personnel changes from around Asia this week, as we also see a round of board-level changes at Hong Kong’s Wharf Holdings and NWS… Read More>>
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