Asia real estate and outbound investment news
Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the Singapore-listed trust continues to sell of non-core assets to reduce debt.
After seeing its interest expenses more than double from €4.2… Read More>>
In today’s roundup of regional news headlines, China’s newly announced support measures boost property stocks, and embattled builder Country Garden reportedly makes a payment on a ringgit-denominated bond. Also on the list, mainland megacities react to the latest stimulus and… Read More>>
ASX-listed Cromwell Property Group on Friday announced an agreement to merge its Cromwell Direct Property Fund with Australian Unity’s Diversified Property Fund to form a 15-asset portfolio valued at A$1.1 billion ($730 million).
The merger will result in unitholders in… Read More>>
Australia’s Cromwell Property Group has agreed to a joint venture with Value Partners Group that will see the Hong Kong-based asset manager acquire a 50 percent stake in Cromwell’s portfolio of seven logistics assets in northern Italy.
The sale is… Read More>>
BlackRock Inc. has ceased to be a substantial unitholder in Cromwell European REIT (CEREIT) after selling down its stake in the SGX-listed trust, as Europe’s property sector faces growing headwinds and rising bond yields dampen the appeal of Singaporean REITs.
In today’s roundup of regional news headlines, Singapore’s International Plaza is relaunched for collective sale at $2 billion, crypto exchange BitMEX says it’s laying off a quarter of its global workforce, and China Evergrande reportedly reaches an agreement with an… Read More>>
Fund raising leads the way as we start off another investment week in Asia, with Barry Sternlicht’s Starwood Capital announcing that it has raised $10 billion for a distressed opportunity fund aimed at properties worldwide.
Also hoping… Read More>>
New leadership at Australia’s Cromwell Property Group leads our collection of regional personnel moves this week as the Sydney-based fund manager continues to set a new direction after Singapore’s ARA Asset Management and Straits Trading helped form a new board… Read More>>
ARA Asset Management moved a step closer to control of Cromwell Property Group, after the Australian property investment firm announced that its chief executive would be stepping down at year-end.
Paul Weightman, who co-founded the A$8 billion ($6 billion) investment… Read More>>
Italian warehouses are in fashion this week as an Aussie fund manager and its Korean partner complete a $60 million purchase of a set of DHL facilities in the European nation.
Also in the headlines, while brokers look for… Read More>>
