UK Archives - Mingtiandi

Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects

Kevin He — Fri, 17 Nov 2023 10:53:51 +0000

Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.

A joint venture between CDL and UK developer... Read More>>

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CapitaLand Ascendas REIT Buys Fifth UK Data Centre in Northwest London for $160M

Christopher Caillavet — Thu, 17 Aug 2023 14:22:53 +0000

CapitaLand Ascendas REIT has completed the acquisition of a co-location data centre northwest of London for £125.1 million ($159.6 million), marking the Singapore-listed trust’s fifth server-hosting facility in the United Kingdom.

The purchase consideration took into account an agreed value... Read More>>

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Receivers Take Over Second Cheung Kei London Property as Asset Seizures Mount

Christopher Caillavet — Sun, 11 Jun 2023 04:32:59 +0000

Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to a recent string of asset forfeitures that include a pair of Hong Kong homes formerly owned by Cheung Kei boss Chen Hongtian.

Lenders Seize Cheung Kei’s 5 Churchill Place in London After Default

Beatrice Laforga — Sat, 27 May 2023 04:32:54 +0000

Receivers appointed by creditors of Cheung Kei Group have wrested control of the former Bear Stearns headquarters on London’s Canary Wharf from the company, making it the latest asset to be seized from the troubled mainland conglomerate headed by tycoon... Read More>>

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CK Asset Offers to Buy UK’s Civitas Social Housing for $612M in Cash

Christopher Caillavet — Wed, 10 May 2023 13:07:47 +0000

Li Ka-shing’s CK Asset Holdings has made an all-cash offer to acquire British care home provider Civitas Social Housing for £485 million ($612 million) as the Hong Kong developer expands its UK holdings.

The group controlled by Hong Kong’s richest... Read More>>

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Shimao Sells London Office Building for $395M in Struggle to Pay Off Debts

Michael Cole — Mon, 01 May 2023 07:00:18 +0000

Shimao Group has closed on the sale of an office building in the City of London for GBP 315 million ($395 million), according to a UK news report, as the Shanghai-based developer fights to regain its financial footing after a... Read More>>

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China’s Cheung Kei Scrambling to Sell London Office Assets as Debt Deadline Looms

Beatrice Laforga — Thu, 30 Mar 2023 14:23:39 +0000

Mainland property investor Cheung Kei Group is struggling to offload a pair of office buildings on London’s Canary Wharf as media reports emerge that the Shenzhen-based firm has already defaulted on a loan backed by one of the two properties,... Read More>>

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Malaysia’s Gamuda Leading $316M Buy of Deutsche Bank London HQ From China’s CIC

Beatrice Laforga — Tue, 28 Mar 2023 10:35:21 +0000

A Malaysian conglomerate is betting it can make a quick ringgit in a depressed London office market with Gamuda Berhad announcing on Monday that it has teamed up with UK investment manager Castleforge Partners to acquire Deutsche Bank’s UK headquarters... Read More>>

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Singapore’s QIP, Soilbuild Launch $246M UK Student Housing JV

Christopher Caillavet — Sat, 25 Mar 2023 11:35:02 +0000

Q Investment Partners has formed a joint venture with Soilbuild Group on a £200 million ($245.5 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.

CDL Completes $468M Buy of London Mixed-Use Complex From Blackstone

Christopher Caillavet — Thu, 09 Mar 2023 12:58:13 +0000

Singapore’s City Developments Ltd has completed its purchase of the St Katharine Docks complex in central London from funds advised by Blackstone for £395 million ($468.2 million).

The property spans more than 500,000 square feet (46,450 square metres) of office,... Read More>>

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