A lodging unit of CapitaLand Group is in due diligence to buy a hotel in Singapore’s Bugis area from Hong Kong-based Gaw Capital Partners at a price potentially 28 percent less than the company’s target in a marketing exercise a… Read More>>
Singapore’s CapitaLand Ascott Trust Selling Pair of Sydney Hotels for $71M
CapitaLand Ascott Trust has agreed to sell two Sydney hotels for A$109 million ($71 million), as part of what the trust’s manager describes as a portfolio restructuring effort, following its September deal to sell four French assets.
Located outside of… Read More>>
Investor in Evergrande EV Unit Freezes Payments and More Asia Real Estate Headlines
A fresh setback in China Evergrande Group’s quest for solvency leads today’s list of real estate headlines from around Asia as a would-be investor in the company’s car unit freezes payments. Also in the news, Country Garden faces another bond… Read More>>
Korea’s KIC to Invest $150M in Apollo and More Asia Real Estate Headlines
Korea’s growing presence on the global investment stage leads today’s roundup of headlines from around the region, with the country’s sovereign fund buying into a US private equity player. Also in the news, Evergrande’s woes continue with a missed onshore… Read More>>
CapitaLand Ascott Trust to Buy Hotels in London, Dublin, Jakarta for $268M
Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in Southeast Asia for a total of S$357.8 million ($267.5 million) as it moves to profit from a global travel rebound.
The… Read More>>