Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.
Average passing… Read More>>
Mainland Billionaire’s Bright Ruby Buying Singapore Mall for Reported $667M
Bright Ruby Resources has won the tender for an en bloc redevelopment site along Singapore’s Orchard Road for a reported S$908 million ($667 million), agreeing to a deal which now becomes the largest collective sale in the city-state so far… Read More>>
BPEA Completes $370M Acquisition of Sydney Hilton From Bright Ruby
Baring Private Equity Asia on Thursday announced the acquisition of the Sydney Hilton hotel by the firm’s affiliated real estate funds for A$530 million ($370 million), confirming Mingtiandi’s May report on the disposal by Chinese-backed investor Bright Ruby Resources.
The… Read More>>
NTUC Selling 16 Collyer Quay in Singapore to China’s Bright Ruby for $717M
Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources… Read More>>
BPEA Buying Hilton Sydney From Bright Ruby for Record $365M
Baring Private Equity is making Australia’s biggest hotel purchase ever, with the Hong Kong-based firm agreeing to acquire the five-star Hilton Sydney from Bright Ruby Resources for A$530 million ($364.7 million), insiders confirmed on Thursday.
In addition to being the… Read More>>
Singapore-Listed US REIT Adds $143M for Acquisitions and More Asia Real Estate Headlines
Singapore’s asset hungry investors lead today’s digest of real estate news from around the region, as a REIT set up to invest in US real estate assets completes $143 million in equity fund raising to fuel its acquisitions.
The collapse… Read More>>
China’s Overseas Real Estate Investment Passes US$5 Bil in 2013
China’s direct investment into international real estate in 2013 has already surpassed the total amount spent in 2013 as Chinese capital floods into global property markets.
According to a statement today by Jones Lang LaSalle, Chinese offshore real estate investment… Read More>>