mingtiandi. ARA’s marketing of Lazada One puts the fund manager in line for another Singapore office exit following its January 2020 sale of 61 Robinson Road which came within 19 months of the firm’s purchase of that Tanjong Pagar area asset. mingtiandi

Tammy Tang has been promoted to Managing Director and head of China at Colliers International, taking full responsibility for the mainland operations of the property consultancy. Hong Kongmingtiandi. Singapore-listed Frasers Centrepoint Trust is selling a mall near Changi airport for S$338 million ($250 million) to a mainland Chinese family, according to sources who spoke with Mingtiandi. The Travelodge Hotel on Hollywood Road is joining the co-living wave. KIC is also expected to invest more than KRW 50 billion ($37 million) in an upcoming. Logistics giant Prologis has hired Vineet Sekhsaria as its head of India, with the investment veteran joining the US company this month after more than 15 years with Morgan Stanley. Digital Edge chief executive officer Samuel Lee told Mingtiandi that the two-year-old company’s goal is to grow its portfolio to 500 megawatts in the next five years, from 210 megawatts currently, with Asia’s third-largest economy playing a major role in that expansion. CapitaLand’s new renminbi funds will each hold a single business park asset, with the. “China feels to us like the US and Europe in 2008,” the FT quoted Shan as saying. Singapore’s The Ascott Ltd is buying serviced residence provider Oakwood Worldwide from Mapletree Investments for an undisclosed amount in a move that would boost its management portfolio by 11 percent with the addition of 81 accommodations globally, the firm announced on Monday. GIC announced on 25 September that Wong would take on his new title on 1 October after first becoming a director of the institution in 2018. The proposed collective sale of one of Singapore’s most infamous centres of sin is ready to take a step forward with owners of units in Orchard Towers reportedly set to vote on a recommended reserve price of S$1. SHKP Posts $3B Profit as Hong Kong Home Sales Climb 13%, Rental Income Steady. 3 million). Announced last week, the deal by the Hong Kong-based insurer. With Noguchi now one of four Weave team members on the ground in Tokyo, Weave expects to be “very busy in Japan during the second half of this year,” Doshi told Mingtiandi, with the addition of a third market set to add to the more than $2 billion in assets that Weave already has under management after establishing itself in Hong Kong and. A consortium formed by Singapore’s SC Capital Partners with Goldman Sachs Asset Management and the Abu Dhabi Investment Authority has acquired a portfolio of 27 resort hotels in Japan from property giant Daiwa House Industry for $900 million. While TE Capital is busy negotiating its next major project in Singapore, an office building in the Bugis area has gone back on the market after talks for a reported S$900 million sale to Baring Private Equity Asia (now BPEA EQT) fell through a year ago. In an interview with Mingtiandi on Monday, Patrizia Asia Pacific head Thomas Hirschvogel said the fund,. 8 million). 4 billion ($743 million) in assets under management, coming less than a month after the final closing of the sixth fund in the same series. While no indicative price has been released, Golden Wheel had reportedly put the newly built tower on the market. Market watchers told Mingtiandi that the slow progress of sales at 21 Borrett Road may have factored in CK Asset’s surprise decision to exit an entire luxury project, with the builder having sold a mere 33 apartments for a combined total of HK$6. Mingtiandi Asia Logistics Forum 2022. 6 million square feet currently to 4. Q Investment Partners has formed a joint venture with Soilbuild Group on a £200 million ($245. SOEs accounted for more than three-quarters of sales among China’s top 10 property giants in 2022. Colliers has yet to comment on its plans for the Vietnam market but pointed to its strength in the broader region in response to inquiries regarding the Avison Young announcement. Harga pembelian tiga rumah. SC Capital Partners has announced the hiring of managing director Rai Katimansah, a 25-year veteran who will focus on the Singapore-based real estate fund manager’s debt strategies. The manager of Manulife US REIT announced last week that William “Tripp” Gantt has been appointed as its new chief executive, effective 6 May. Brian Kwon, head of distribution for Asia at Dexus. The portfolio’s other holdings have included a 629,700 square foot warehouse near Warsaw acquired from Singapore sovereign. 1 percent. Philips has agreed to sell its Asia Pacific headquarters in Singapore’s Toa Payoh area to Ascendas REIT for S$104. 9 percent. The property, which formerly belonged to a locally family, occupies a 2,202 square foot site on a 999-year leasehold which started. 9 million. New Team for Growing Portfolio. Scheduled speakers include Tim Graham, head of capital strategies for Asia Pacific at JLL; Terence Seah, director and head of Hong Kong, Singapore and Shenzhen for global design firm Benoy; and Augustine Chin, a. A consortium formed by Singapore’s SC Capital Partners with Goldman Sachs Asset Management and the Abu Dhabi Investment Authority has acquired a portfolio of 27 resort hotels in Japan from property giant Daiwa House Industry for $900 million. Sunway’s latest acquisition comes two months after Singaporean giant City Developments Ltd added 1,863 beds to its UK student housing portfolio with the purchase of five properties in Birmingham, Canterbury, Coventry, Leeds and Southampton for £215 million. At the same time that the URA has restricted the supply of strata floors, global investors continue to scoop up income-earning properties in Singapore this year with nearly $1 billion in new transactions having been signed so far. Tickets to the event are available via. 1 million square metres (44 million square feet) of warehouse space already developed in the. Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4. The Holland Tower site overlooks Queensway in District 10. Graeme Torre, managing director and head of real estate for Asia Pacific at APG Asset Management, is among the four industry leaders speaking in the keynote panel of t he Mingtiandi Hong Kong Focus Forum on 27 June. Goldman Sachs Asset Management Raises $15. In Hong Kong, the developer has now sold out the majority of the homes in its Eight Star Street project just one minute’s walk south of Six Pacific Place, at prices ranging up to HK$48. EQT Exeter continues to expand its presence in Asia Pacific with the announcement today that it has acquired a Japanese logistics investment manager for an undisclosed sum. Ranked as China’s 25th-largest developer by sales, Sino-Ocean. Also making the list are changes at ANREV and a Mitsubishi-Surbana Jurong joint venture. Mingtiandi is designed to help real estate professionals make informed decisions and gain an edge over the competition | Mingtiandi is Asia's independent source for news and information on the. In a grant of written permission dated 7 July, the Urban Redevelopment Authority approved the proposal to. A Vietnamese tycoon linked to Singapore’s Viva Land, who has has partnered with Li Ka-Shing’s CK Asset, was arrested by police in Ho Chi. 6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to a bourse filing late Wednesday. While no indicative price has been released, Golden Wheel had reportedly put the newly built tower on the market. The project’s office towers host some of China’s best-known venture capital investment firms, start-ups and incubators including Sinovation Ventures, DaDa ABC, Auto Home and Zhongguancun Online. Mingtiandi reported in May that two of Canada’s biggest pension funds, Ontario Teachers’ Pension Plan and British Columbia Investment Management Corp, were pausing mainland China investment amid rising tensions between Beijing and Ottawa. 4 percent surge in premium office rents. Mapletree Proposes $3. 2 million), according to multiple sources who spoke with Mingtiandi. Kerry hopes to make the Huangpu district project its largest Shanghai development ever. ESR-Logos REIT had acquired the Pandan Logistics Hub from CWT. 4 million ($475 million). com to list on the Shanghai Stock Exchange, marking the country’s third significant warehouse REIT as demand for logistics space continues to grow. With a new managing director named, current group country. Share this now LinkedIn; Share;. Keppel Capital didn’t provide an acquisition price or precise details about the Wuhan warehouse, saying only that the facility spans 70,000 square metres (753,474 square feet) and serves the e. Perennial Holdings has teamed up with Far East Organization and its Hong Kong-based sister firm Sino Land to buy the Golden Mile Complex in Singapore for S$700 million ($505 million), as they plan to transform the iconic property into an integrated development. BlackRock is the latest global player to enter China’s cold storage sector, with the US investment manager agreeing to invest in a portfolio of facilities developed by mainland-based logistics firm Metcold. 5 billion ($150 million), marking the Singapore-based firm’s first investment in Japan. The property developer controlled by tycoon Koh Wee Meng picked up the 906-room Holiday Inn London Kensington Forum hotel at 97 Cromwell Road near Kensington Garden in December to mark one of the biggest hotel deals in the city last year, according to a Savills report. Mainland regulators have given the green light for a real estate investment trust under Chinese e-commerce giant JD. Hong Kong-listed developer Kerry Properties on Tuesday revealed details of a supersized mixed-use project in Shanghai’s central Huangpu district after acquiring the land use rights to a set of four development plots for RMB 13. 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. The NYSE-listed firm announced that one of its closed-end funds, KKR Real Estate Select Trust Inc. 85 billion through the listing of GLP C-REIT, which owns a portfolio of seven logistics assets with over 700,000 square metres of gross. 5 percent, as the developer controlled by Hong Kong’s Kwok family narrowed its investment losses and reported solid residential. Also, seeing changes is India’s Shapoorji Pallonji Group, which bids farewell to its long-term leader and there are also updates from China’s CFLD and Knight Frank. A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55. With a facility in Singapore and plans to expand in other Southeast Asia markets as well as Taiwan, Empyrion DC recently broke. The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108. 2 billion ($81 million) seed portfolio established in January of this year. Stephen Schwarzman’s Blackstone is betting on alternative investments in Asia (Getty Images) Blackstone’s opportunistic and core-plus real estate funds grew in value by 7. Hong Kong-listed developer Kerry Properties on Tuesday revealed details of a supersized mixed-use project in Shanghai’s central Huangpu district after acquiring the land use rights to a set of four development plots for RMB 13. Established by BPEA Real Estate together. ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362. 6 billion ($407 million). Mah joined the investment management firm after parting ways with Bain Capital Credit where he had served as a director for five years. Swire Properties is picking up a 40 percent stake in two mixed-use projects in Shanghai’s Pudong district at a combined value of $1. A Kenedix-ARA fund acquired Iron Mountain Centre II in Singapore's Jurong West area from Iron Mountain for S$47 million ($35. 5 million for a 913 square foot top floor unit, according to local property listings. After the reprieve, Wang’s death sentence will be commuted to life imprisonment. The seven-part APAC Data Centre Forum 2022 will kick off with a spotlight session where Mingtiandi founder Michael Cole will interview a. Blackstone’s Storefriendly JV Completes $108M Kowloon Self-Storage Buy. 5 million) and concealing overseas deposits of RMB 56. 2023/05/01 by Michael Cole Leave a Comment. Singaporean sovereign wealth fund GIC is expanding its biotech portfolio by teaming up with BlackRock Alternatives Real Estate and British Airways’ New Airways Pension Scheme (NAPS) to invest in a life sciences project in London’s King’s Cross district. James Chern, Managing Partner and Chief Investment Officer,. PGIM Real Estate has added to its Asia Pacific rental housing portfolio, with the US investment manager securing deals with local partners to acquire properties in Shanghai, Sydney and Brisbane. Mainland developer Shinsun Holdings announced to the Hong Kong stock exchange on 16 April that its chairman, Chen Guoxiang had passed away due to illness at the age of 72. 07 billion ($392 million). 5 percent uptick compared to the preceding three month period, despite a 15 percent. The office in Ho Chi Minh City is the second in Southeast Asia for Houston-based Hines, which opened its Singapore branch in mid-2020. 8 billion ($3. With Chinese developers under pressure, Guangzhou-based Agile has seen its stock slide nearly 58 percent in the last six months. CDL said in a bourse filing on Thursday that it. Shimao spent GBP 54 million refitting 15 Newgate Street. Australian industrial specialist Goodman Group on Wednesday opened a data centre complex in Hong Kong’s New Territories with up to 400 megawatts in overall power capacity, creating one of the city’s largest digital infrastructure facilities. A notice from China Construction Bank, which. Amandine Wang joins Flow from Digital Realty. FCT’s manager told the local bourse on Wednesday that it has entered into a sale and purchase agreement with an unrelated third party to offload Changi. 2 billion) redevelopment project in Singapore as the Lion City’s largest telecom provider announced Wednesday that it would team up with the Australian builder to rebuild its Orchard area headquarters. Southeast Asia’s largest real estate group keeps expanding its fund management business with the latest addition to the CapitaLand team leading this week’s round of people moves on Mingtiandi. The cooperation between the Dutch pension fund. The company has yet to name a replacement for Chen, who led its construction division. 9 billion ($3 billion), down 6. We also have a leadership transition at mainland warehouse platform China Logistic Properties, a fresh promotion at developer Swire Properties and changes at brokerages in Singapore and Kuala Lumpur. 2B for Secondaries Strategies. Wang’s appointment came after PAG Real Estate in. In addition to its latest agreement with CPPIB, Logos last month secured $120 million in debt financing from the International Finance Corporation to support development of two. Wei Fu’s new property sits on a 15,081 square foot (1,401 square metre) freehold land parcel in one of the 39 gazetted GCB areas in Singapore and currently is occupied by a mansion builtin in 2003. The transaction, which is expected to close in the third quarter of 2022, will also secure Student Roost’s 3,000-bed development pipeline for. 83 Wing Hong Street is expected to be completed in the fourth quarter of next year. APG Invests $400M in CBC China Life Science Real Estate Venture. 8 million on the distressed sale. The completed deal marks the largest-ever single asset transaction in. Shao took on his new role with the onshore private equity division of CITIC Group after just under five years at. Outside its home city, last August SLB snapped up a 12-storey office building at 225 King. A raft of data released Monday showed economic activity slowed across the board in July, including factory output, investment,. Wanda Renegotiating $4B Financing with Investors After IPO Application Lapses Again. Based in Mumbai, Sekhsaria had served for the past year as a managing director with Morgan Stanley’s real estate investment team for India, after first joining. Shanghai’s CIFI Defaults on Offshore Bond Despite Government Support. 22 billion ($3. The stock exchange said Tuesday that the REIT will issue 500 million. 7 million), according to market sources. Log in. Alibaba Files for Potential $2B Hong Kong IPO of Cainiao Logistics Division. The initial joint venture targeted properties in Singapore and Indonesia, with CPPIB committing $242 million to the initiative as its first investment alongside Logos. 5. Hong Kong’s Kailong Group is making preparations for a life sciences project on a Kowloon site acquired more than two years ago, with the real estate fund manager announcing a partnership with EC Healthcare to develop a medical building anchored by the local clinic operator. Heitman exited a self-storage joint venture in Singapore with the sale of Mandarin Self Storage to Warburg Pincus-backed StorHub late last year for an estimated S$230 million ($172. CapitaLand Selling Stakes in $7. Net take-up of grade A offices in China’s commercial capital totalled just 94,851 square meters (1 million square feet) in the fourth quarter, according to JLL’s latest quarterly property review for the city – a plunge of more than 74 percent from the same quarter of 2021, when 371,200 square metres of space was absorbed. The land purchase is the second major acquisition by. 2022/11/24 by Mingtiandi Team Leave a Comment. Sun Hung Kai has been developing the ITC since it purchased the 66,000 square metre plot near Hang Lung Properties’ Grand Gateway 66 complex in September 2013 for a record RMB 21. US-based Blackstone said the portfolio it is. Join over 17,000 real estate professionals with full access to our daily updates on the latest deals around Asia Pacific. 5 billion ($318 million) convertible bond due on 8 October. Asia Expansion. Bear Logi and KKR sold the BLK Pyeongtaek Logistics Center in early 2020. Also known as Jennifer Cheng, JD’s new board member replaces Carol Yun Yau Li who resigned from the same. Also in the news, China Evergrande has sold its yacht for $32 million as…. Mingtiandi’s Office Strategies Forum concludes on 2 November with a one-hour session on Assets for Asia’s New Economy. 8 billion in offshore bonds, according to a statement to the Hong Kong exchange late on Wednesday, as the mainland developer faces a continuing slide in its core housing business. Join MTD TV’ Office Strategies Forum 2023 as we kick-off the three-part series, sponsored by Yardi, with a one-hour panel discussion on ways to navigate the. We cover Asia's real estate developers, personalities and transactions. AirTrunk’s 78MW 2020 facility is the largest data centre in Singapore to date. Yang Huiyan, 41, has served as co-chairman of Country Garden since December 2018 and was managing day-to-day operations alongside her father. The status of the listing application for D&J New Economy Industrial Park REIT, a RMB 1. The acquisition was one of a pair of UK hospitality. 8 million), with the developer planning to remake the site into luxury housing as the city-state’s high-end market continues to. 21 billion ($1. Tech Adoption in Asian Real Estate: Download the Report. Asia’s hottest digital infrastructure markets are being brought into focus this week as Mingtiandi’s APAC Data Centre Forum holds sessions on Japan and Korea, as well as Southeast Asia, with speakers from some of. An opportunistic fund managed by LaSalle Investment Management is acquiring a building in Shanghai’s Yangpu district from Landsea Green Management Limited for RMB 253 million ($35. 6 billion). Besides those updates, a former Shanghai developer was handed 19 years in prison and there are new directors at a pair of Singapore REITs. Spread across 9,300 square metres (100,104 square feet) and 290 units in Tokyo and Kyoto, the assets will be managed under the sustainability-focused Cavana brand and target urban dwellers in. GIC, KKR Said Teaming Up For $5. The four-part forum, which begins in March 2023, will. Prior to that, the University of Melbourne graduate had served as a. The Chicago-based fund manager has raised close to $1. Morgan Stanley Real Estate Investing, together with UK real estate investment house Greycoat, has sold an office building in the City of London to a separate account managed by CBRE Global Investors, according to an announcement this week by the Los Angeles-based investment manager. 8 billion, Mercatus Co-operative has headed back to the market with a set of community retail assets carrying a price tag of S$265 million ($194 million). 5 billion) market by 2027. Link REIT has moved forward with its first acquisition in the western hemisphere as the Hong Kong-listed real estate investment trust today announced a deal to purchase 25 Cabot Square in London for £371. A local consortium which won a September tender for a Tokyo office building with a JPY 400 billion ($2. In a nod to the area’s artisanal heritage in rattan handicrafts, the. Mercatus Marketing Singapore Community Retail Portfolio for $194M. On Thursday, a Blackstone source confirmed to Mingtiandi that the private equity giant was. US developer Hines on Monday announced the opening of its first office in Vietnam, marking the firm’s sixth country launch in Asia Pacific and 10th location region-wide. In the same notice to the Singapore exchange SLB announced that its joint. 5 million) UK student housing platform, as the Singapore-headquartered companies look to profit from one of the more resilient asset classes favoured by Asia-based investors. 7 million (now $109.