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Last Update: April 3, 2022

Real Estate Professionals Archives

Hong Kong Real Estate Tycoons Dominate Forbes Top 10 in 2021. 2022/03/13 by Pimfha Chandhapradit Leave a Comment. Six property multibillionaires among the richest Hong Kongers remain unfazed by pandemic headwinds, with their $142.2 billion in cumulative wealth accounting for as much as 72 percent of the total fortunes of the city’s top 10

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Rush Desai Stepping Down as Head of Allianz Real Estate

(2 days ago) After building Allianz Real Estate into one of Asia Pacific’s most active investors, Rushabh Desai is leaving the property investment division of the European insurance heavyweight to pursue other interests, according to the Munich-based firm. “After more than five years, Rush has decided to leave his position at Allianz Real Estate.

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ABP Stalled Royal Albert Docks Scheme Off Track in London

(5 days ago) The office market in Hong Kong will continue to be disrupted by the work-from-home trend this year as the coronavirus pandemic rages on, a UBS real estate analyst said. With new office supply coming on to the market this year, more multinational firms may take the opportunity to consolidate their office needs and revisit their real estate strategy.

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M&G Picks Australia, Japan and Singapore as 2022 Targets

(Just Now) Australia, Japan and Singapore stand out as the top real estate investment locations in Asia Pacific this year considering the bright recovery prospects in these markets, said UK-based asset manager M&G Real Estate, which is focusing on the the logistics, office and residential sectors as it targets these markets.

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GIC Eyes Stake in Bhartiya Bengaluru Project

(2 days ago) GIC to Invest $376M in Bengaluru Project and More Asia Real Estate Headlines. 2022/02/21 by Pimfha Chandhapradit Leave a Comment. GIC is ready to up its Bengaluru presence. 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

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Finance Archives

(6 days ago) UK-based asset manager M&G Real Estate has acquired a portfolio of 30 residential properties in key Japanese cities from Blackstone for JPY 49.2 billion ($424.3 million). The purchase comprises 1,575 apartments across Tokyo, Osaka and Nagoya and was made on… Read More>>

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Li Ka-Shing, Lee Shau Kee Hong Kong's Richest in 2021

(Just Now) Six property multibillionaires among the richest Hong Kongers remain unfazed by pandemic headwinds, with their $142.2 billion in cumulative wealth accounting for as much as 72 percent of the total fortunes of the city’s top 10, according to Forbes’ latest tally.. While real estate magnates Li Ka-Shing, Lee Shau Kee and Henry Cheng retained their spots as the city’s three …

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Hopson to Buy NYC Project From New Empire Real Estate

(3 days ago) The chief executive of real estate company Douglas Elliman, Howard Lorber, said in a CNBC interview six weeks ago that an oversupply of apartments coming onto the market is causing a softening of prices across New York.

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PGIM Real Estate Tripled APAC Deal Total in 2021

(6 days ago) PGIM Real Estate Tripled APAC Deals in 2021 on Way to Record $42.7B Global Total. PGIM Real Estate completed $3 billion worth of deals in Asia Pacific during 2021, tripling its total from a year earlier in the region, according to a release by the company on Thursday. “The growth of PGIM Real Estate’s portfolio in Asia Pacific is centred on

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People: HSBC Asset Management Hires Dewey From Aviva

(6 days ago) Private equity real estate firm Stockbridge announced this past week that it has hired David Park, formerly a senior vice president with Korea’s National Pension Service (NPS) as a managing director in its New York office.Before joining Stockbridge, Park had spent more than six years with the NPS in New York where he led real estate investment in the US for the …

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Fierce Bidding Expected for Pine Grove Site in SG

(9 days ago) China will keep the real estate market stable and step up coordination and precision of property policies this year, the country’s housing minister said Thursday. Genuine demand for housing remains firm, Wang Menghui, head of the Ministry of Housing and Urban-Rural Development, told reporters at a news conference.

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TH Real Estate Rebrands as Nuveen Real Estate

(2 days ago) In the APAC region, London-based Nuveen Real Estate is led by Chris Reilly, its Singapore-based Managing Director for Asia Pacific. Nuveen established a Hong Kong office in 2017 and named former Invesco executive Louise Kavanagh, as managing director for real estate in the Asian financial hub.. TH Real Estate, was known as TIAA-Henderson until just a …

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Manulife Buying Stake in Hong Kong's Arch Capital

(6 days ago) Toronto-based Manulife has been rapidly expanding its real estate business in Asia and globally, including with the late-2020 purchase of a large stake in Swire Properties’ Cityplaza One in Hong Kong and last year’s appointment of Christoph Schumacher as global head of real assets for private markets. “Arch Capital boasts a highly credible and experienced …

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Straits Real Estate Buys Melbourne Docklands Offices

(5 days ago) Straits Real Estate (SRE), which late last year backed a $500 million Savills Investment Management fund aimed at suburban UK shopping centres, and has also acquired office, residential and industrial assets in Australia for the last several years, positioned this latest deal as a bet on property markets post-COVID-19.

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Shimao Need to Restructure RMB 6B in Trust Debt

(4 days ago) Shimao Misses Payments as $948M Debt Talks Drag On and More Asia Real Estate Headlines. 2022/02/23 by Pimfha Chandhapradit Leave a Comment. Shimao boss Hui Wing Mau may have lost investors’ trust. In today’s roundup of regional news headlines, cash-strapped developer Shimao misses trust payments on high-yield products, Singapore’s GIC

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Schroders Sets Up Japan Real Estate Business

(1 days ago) “Its real estate market is one of the largest in Asia and will remain a key focus for global investors.” In Japan, the 200-year-old firm — which had nearly $760 billion in assets under management as of 31 December 2020 — already manages its Japan Growth Fund under its global operation, while also operating several local investment

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Alibaba’s Joe Tsai Buys $157.5M Manhattan Condo

(3 days ago) Alibaba’s Joe Tsai Revealed as Buyer of $157.5M Manhattan Condo. 2021/07/22 by Mingtiandi Staff Leave a Comment. Joe Tsai has purchased the third most expensive home in American history. Alibaba’s vice chairman Joseph Tsai has seen his company’s stock price take a beating this year, but that hasn’t stopped him from buying the third most

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GIC, ESR Buy Shanghai-Area Industrial Assets From DLJ

(2 days ago) Sources familiar with the assets identified the seller as US-based DLJ Real Estate Capital Partners and indicated that the portfolio sold for in excess of RMB 4.4 billion ($692 million). “A high-quality existing portfolio of this size, strategic location and value-add potential is a rare opportunity in the closely held Greater Shanghai market

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PGIM Buys 108 Robinson Road in Singapore

(8 days ago) PGIM’s purchase of the 1970s-vintage office block comes less than three months after the Prudential Financial affiliate reached a $1 billion final close on its latest value-add real estate fund targeting the Asia Pacific region. The firm’s head of APAC, Benett Theseira, said at the time that 2021 stood out as a year of opportunity in the region.

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PGIM Real Estate Buys Pair of Hong Kong Hotels as Co

(6 days ago) 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 up. The US fund manager has agreed to purchase the Travelodge Central Hollywood Hotel at 263

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CapitaLand Partners with Taronga Ventures in

(3 days ago) Investment in real estate technology accelerated significantly in 2019, totalling $2.6 billion worth of commitments globally, up from $1 billion three years earlier, according to a study by KPMG. COVID-19 focused interest on proptech even more in 2020, from China to the US and all points in between.

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CDL Hospitality Trusts Buys Manchester, UK Hotel

(4 days ago) Private equity real estate firm Q Investment Partners on Tuesday announced its exit from two purpose-built student accommodation projects in Edinburgh. With a combined value of £40 million ($58 million), the projects have been sold to a core-plus equity fund managed by Singapore-based QIP and backed by a consortium of institutional investors.

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Asia Real Estate People in the News 2021-11-08

(3 days ago) Joseph Cha Hoon has resigned from his role as head of real estate investment at Korea Investment Corporation just over two months after taking over the top property investment spot at the sovereign wealth fund, according to a report late last week.Cha is said to be heading back to the private sector, where he had served as a vice president at Carlyle Group from …

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People: Greenland Reappoints Zhang Yuliang as Chairman

(Just Now) Blackstone’s head of Greater China real estate, Justin Wai, has been promoted to senior managing director at the private equity fund manager, according to a LinkedIn update.Wai revealed his step up from managing director this past week after having been named head of the Manhattan-based giant’s real estate operations in Hong Kong, Taiwan and mainland China …

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China's Oceanwide Buys NY Project for $390 Mil

(3 days ago) The developer, which is controlled by China’s 17th richest man, Lu Zhiqiang, became one of the country’s first major investors in the California real estate market in in December 2013, when it acquired the Figueroa Central project in Los Angeles for $175 million.. Oceanwide continued its California focus in January of this year by purchasing the First & …

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PAG PREP III Fund Wins $50M From Texas ERS

(1 days ago) The pledge to PAG Real Estate Partners III was disclosed in a January 2022 report from ERS, a pension fund for the US state’s government employees. The recently launched PREP III is the latest in the fund series after PREP II, whose mandate is to generate income-driven returns in gateway cities around Asia.

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Shimao Seeks Extension on $947M in Trust Debt

(2 days ago) SDProp aspires to be a sustainable real estate development firm by 2025. According to Hong Leong Investment Bank analyst Nazira Abdullah, the group’s property investment segment has a reasonable take-up rate. Read more>> MTR, Link REIT, Swire Offer Mall Tenants Rental Relief Amid COVID Surge

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Kenny Lam Joins Manulife Real Estate as Head

(Just Now) Manulife Real Estate is bringing Lam on board as the company looks to double its real estate holdings throughout the region, which currently total around $2.2 billion. According to a top executive quoted by The Business Times last month , Manulife is targetting acquisitions in Shanghai, Hong Kong, Tokyo, Singapore, Sydney and Melbourne, with a

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People: Tahoe Boss Assists China Investigation

(6 days ago) Asia Real Estate People in the News 2022-03-21 2022/03/21 by Michael Cole Leave a Comment Ongoing investigations lead today’s roundup of personnel moves from around the region and have already caused some leadership changes in China and India, as Tahoe Group announces that its chairman is no longer in command of operations, and Indiabulls

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Blackstone Names Wai Head of Greater China Real Estate

(1 days ago) Private equity giant Blackstone has promoted its Hong Kong-based managing director Justin Wai to head of real estate for Greater China, giving the world’s largest real estate fund manager new leadership in Asia’s biggest economy after the departure of Tim Wang in September 2020.. Reporting to Chris Heady, Blackstone’s chairman of Asia Pacific and head …

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Arsh Chaudry Now CEO of Design Firm Space Matrix

(2 days ago) The hospitality real estate specialist takes on his new position after eight years in various senior positions with Cushman & Wakefield’s residential and hospitality teams in India and Singapore. The graduate of France’s ESSEC business school also has experience with Knight Frank and the Institute for International Management & Technology.

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Blackstone Raises $11B for Asia PE Deals

(7 days ago) 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 prices fall.

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People: APG Exec Patrick Kanters Moves to Hong Kong

(7 days ago) The Netherlands’ APG Asset Management has expanded its real estate investment team in Asia Pacific by relocating Patrick Kanters, managing director for global real assets with the pension fund manager to its Hong Kong office.Kanters, who has been with APG since 2005 and also chairs industry non-profilt INREV, will continue to over APG’s global …

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China Vanke in NY Real Estate Project with Hines and RFR

(6 days ago) Vanke is not the first Chinese real estate company to try to make it in the Big Apple. Last year, Shanghai-based Greenland Group acquired the US$4 billion Atlantic Yards project in Brooklyn, and real estate-focused investment group Fosun International Ltd purchased 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million.

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People: Champion REIT Appoints Christina Hau as CEO

(7 days ago) Asia Real Estate People in the News 2022-02-07 2022/02/07 by Michael Cole Leave a Comment Top level moves in Hong Kong and Singapore lead this week’s collection of personnel changes around the region, including a new boss at Champion REIT and a former Keppel REIT chief resurfacing at competitor CapitaLand.

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