In today’s roundup of regional news headlines, SGX-listed Mapletree Industrial Trust has cut distributions despite rising income and a key Singapore official defends the city-state’s latest property tax hike. Over in the US, Japan’s MUFG is putting up for sale… Read More>>
Asia Real Estate People in the News 2023-03-20
Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with CK Asset saying farewell to a long-time executive director and Dalian Wanda’s mall unit losing its chairman and president. Also… Read More>>
Singapore’s Frasers in $250M Vietnam Industrial JV with Hanoi’s Gelex
Frasers Property is adding a second industrial joint venture to its business in Southeast Asia’s fastest growing economy as the company introduces a VND 6 trillion ($250 million) strategy to develop and operate warehouses and manufacturing space across northern Vietnam.
EY Walks Away From Auditing Mainland Developer and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, mainland developer DaFa announces the resignation of its auditor, and HSBC’s CEO offers an upbeat take on China’s beleaguered property sector.
EY Resigns as DaFa Auditor Over 2022 Results Dispute… Read More>>
Frasers Group JV Buys Half-Stake in Mercatus Singapore Mall for $497M
The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).
FCT’s… Read More>>
Frasers Promotes Eric Gan to FHT CEO as Eu Chin Fen Takes Over Hospitality Division
Following the failed privatisation of Frasers Hospitality Trust last September, sponsor Frasers Property has made a change at the top with the appointment of Eric Gan as CEO of the Singapore-listed REIT’s managers, succeeding Eu Chin Fen.
Eu in turn… Read More>>
Frasers Property Appoints Chairman’s Son to Board as 5 Directors Exit
Frasers Property Ltd, the Singapore-listed real estate giant chaired by Thai billionaire Charoen Sirivadhanabhakdi, has appointed Charoen’s son Thapana to the company’s board and at the same time announced the retirements of five directors.
In a statement dated 12 December,… Read More>>
Asia Real Estate People in the News 2022-12-12
One of Japan’s largest developers has chosen a new top executive and news of that changeover leads this week’s roundup of personnel moves from around the region, while the manager of a Singapore REIT of mainland assets announces that its… Read More>>
Singapore’s Frasers Buying Pair of Sydney Office Buildings From Dexus Industria REIT For $106M
The Australian arm of Frasers Property is acquiring a pair of Sydney business parks from Dexus Industria REIT for a discounted price of A$160.5 million ($106.2 million) as the Singaporean heavyweight continues to boost its global presence.
Frasers Property Australia… Read More>>
Asia Real Estate People in the News 2022-11-14
A top-level overhaul at Fosun Group’s tourism unit leads this week’s collection of personnel moves from around the region, as the struggling company works to rebuild after the pandemic punished many of its businesses and with its parent company struggling… Read More>>
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