Blackstone to soon launch its first Nexus mall in India

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Global investment firm Blackstone Group Lp’s India subsidiary Nexus Malls is set to launch its first shopping mall in the country in Seawoods, Navi Mumbai, expanding its retail portfolio. Blackstone had bought about 1 million sq. ft of retail space in the Seawoods Grand Central Mall in 2016 from L&T… Read more »

Blackstone. Photo: Bloomberg

China’s HNA said to be in $2.21b deal to buy NYC office tower

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Chinese conglomerate HNA Group Co. is leading a deal to acquire Manhattan’s 245 Park Ave. for $2.21 billion, one of the highest prices ever paid for a New York skyscraper, two people with knowledge of the negotiations said. HNA may be involved with at least one partner on the purchase,… Read more »


Chemical trading firm SBS Philippines diversifies into property, investments

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“This move is intended to provide balance to counteract some of the fluctuations in the chemical trading business and at the same time grow and diversify the company’s income streams,” said SBS Philippines president and CEO Gerry Tan.


Vietnam: Singapore’s Keppel Land ups stake in Saigon Centre for $37.1m

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Singapore-based developer Keppel Land has increased its ownership in Keppel Land WATCO I to V, by purchasing another 16 per cent equity from the Vietnamese JV partner, Southern Waterborne Transport Corporation. Keppel Land WATCO are a series of joint venture companies that are involved in development of Ho Chi Minh City-based… Read more »


JLL realty venture arm eyes overseas investments, to back 7-8 firms this year

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JLL’s realty venture arm is going to make 3 investments soon.


India: L&T Realty to develop commercial SEZ in Bengaluru

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L &T Realty Ltd, the real estate unit of India’s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official. The Mumbai-based firm plans to develop around… Read more »


China’s HNA picks 4th site near old HK airport for mega project

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It bid $958 million for the plot, beating 14 others.


India: Global finance giants seek office space to expand captive business

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Barclays, Credit Suisse, StanChart, Citigroup are looking to add office space in India


Arcapita acquires Dubai logistics assets for $150m, cites REIT listing potential

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Arcapita acquires Dubai logistics assets for $150M with the potential to be listed as part of a REIT.


Kushners set to get $400m from China’s Anbang for tower deal

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A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, stands to receive more than $400 million from a prominent Chinese company that is investing in the Kushners’ marquee Manhattan office tower at 666 Fifth Ave. The planned $4-billion transaction includes terms that some… Read more »