highlight Archives - Mingtiandi

Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead

Michael Cole — Sat, 18 Nov 2023 09:03:41 +0000

With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to... Read More>>

The post Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead appeared first on Mingtiandi.

GIC Ties Up With Australia’s RAM for Healthcare Real Estate JV Down Under

Kevin He — Thu, 16 Nov 2023 14:16:35 +0000

Australian investment manager Real Asset Management (RAM) has launched a healthcare-focused property fund in a joint venture with an unnamed partner understood to be Singaporean sovereign fund GIC.

The RAM Australia Healthcare Opportunity Fund (HOF) will build a “low risk,... Read More>>

The post GIC Ties Up With Australia’s RAM for Healthcare Real Estate JV Down Under appeared first on Mingtiandi.

TE Capital, LaSalle Make Singapore’s Largest Office Buy of the Year in $331M Deal

Mingtiandi Team — Tue, 14 Nov 2023 09:51:01 +0000

TE Capital Partners has joined with LaSalle Investment Management to acquire a commercial building in Singapore’s Orchard area for nearly S$450 million ($331 million), in a deal which marks Singapore’s largest office deal of 2023.

A fund advised and operated... Read More>>

The post TE Capital, LaSalle Make Singapore’s Largest Office Buy of the Year in $331M Deal appeared first on Mingtiandi.

Viva Land Nears Deal to Sell Singapore Hotel to Local Construction Firm at 30% Loss

Beatrice Laforga — Sat, 11 Nov 2023 13:45:11 +0000

A company linked to jailed Vietnamese businesswoman Truong My Lan is in the process of selling a five-star hotel along Singapore’s Robinson Road at a 30 percent discount from what it paid for the property last year, according to market... Read More>>

The post Viva Land Nears Deal to Sell Singapore Hotel to Local Construction Firm at 30% Loss appeared first on Mingtiandi.

CapitaLand’s Ascott in Due Diligence to Buy Gaw Singapore Hotel

Beatrice Laforga — Thu, 09 Nov 2023 14:40:21 +0000

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>>

The post CapitaLand’s Ascott in Due Diligence to Buy Gaw Singapore Hotel appeared first on Mingtiandi.

Developers Outbid Expectations in $1.7B Trio of Singapore Land Sales

Beatrice Laforga — Tue, 07 Nov 2023 14:08:02 +0000

Property heavyweights from Singapore, Hong Kong and China dominated the Lion City’s final land sale of 2023 with top bids for a trio of sites amounting to a combined S$2.3 billion ($1.7 billion), led by a stronger-than-expected offer from a... Read More>>

The post Developers Outbid Expectations in $1.7B Trio of Singapore Land Sales appeared first on Mingtiandi.

CapitaLand Investment Sets Up $256M Wellness, Healthcare Fund with Thailand’s Pruksa

Poonyapat Luenam — Thu, 02 Nov 2023 13:31:20 +0000

Singapore’s CapitaLand Investment is setting up a S$350 million ($256 million) fund with Thai developer Pruksa Holding to invest in wellness and healthcare-related real estate assets in Southeast Asia.

After the initial joint commitment, CapitaLand Investment Wellness Fund (C-Well) is... Read More>>

The post CapitaLand Investment Sets Up $256M Wellness, Healthcare Fund with Thailand’s Pruksa appeared first on Mingtiandi.

IOI Boss Buys Shenton House for $392M in Singapore’s Second-Largest Deal of 2023

Michael Cole — Wed, 01 Nov 2023 16:44:15 +0000

A private company controlled by the vice chairman of Malaysia’s IOI Properties Group has struck a deal to make Singapore’s second largest real estate acquisition of 2023, picking up the Shenton House commercial tower in the central business district for... Read More>>

The post IOI Boss Buys Shenton House for $392M in Singapore’s Second-Largest Deal of 2023 appeared first on Mingtiandi.

GIC Buys Stake in Blackstone European Hotels, Takes 45% Haircut on Aussie Mall

Poonyapat Luenam — Wed, 01 Nov 2023 11:55:17 +0000

GIC announced on Tuesday its purchase from Blackstone of a 35 percent stake in Mediterranean luxury hotel owner Hotel Investment Partners (HIP) in a move to capitalise on the burgeoning resort market in southern Europe.

The acquisition puts 72 more... Read More>>

The post GIC Buys Stake in Blackstone European Hotels, Takes 45% Haircut on Aussie Mall appeared first on Mingtiandi.

Bain Capital, DNE Group Form $250M China Industrial JV

Beatrice Laforga — Wed, 25 Oct 2023 14:18:28 +0000

Bain Capital and Warburg Pincus-backed DNE Group have set up a $250 million joint venture to develop and operate manufacturing parks across mainland China’s primary economic hubs, according to a joint announcement on Tuesday.

The US private equity firm is... Read More>>

The post Bain Capital, DNE Group Form $250M China Industrial JV appeared first on Mingtiandi.