By Manesha Pereira
Imperium Crown explores the possibility of selling its portfolio of properties in Japan while Frasers Hospitality Group launches luxury service residence in Bangkok, Thailand.
Canada Pension Plan Investment Board (CPPIB) has acquired a 50 per cent interest in diversified real estate portfolio in New Zealand for $417 million from pension investment manager PSP Investments, a move that will see the CPPIB’s already growing presence in Asia Pacific spread to New Zealand.
Chow Tai Fook Enterprises Limited (CTFE), a Hong Kong-based conglomerate will purchase and operate Baha Mar Resort in the Bahamas, a mega-resort with a reported value of $3.5 billion.
India’s largest property developer DLF Ltd, which saw its net debt rise by Rs1,021 crore to Rs23,530 crore in the September quarter, may see further pile-up in debt as residential cash flows will get impacted due to demonetisation, continuing construction spend and delay in the critical stake sale transaction. The… Read more »
Malaysia-listed developer Selangor Dredging is purchasing a a freehold site in Serangoon Road from National Aerated Water Company for a consideration of S$47 million. Currently, the site at 1177 Serangoon Road is occupied by a two-storey art-deco-styled industrial building along the Kalang River.
Last year, the Vietnam fund manager announced partnership with Hong Kong diversified group Chow Tai Fook and Macau-based junket operator Suncity Group as it diluted its holding in the mixed-use development.
Singapore-based property developer Oxley Holdings acquires a 40 per cent stake in Australia’s Pindan Group while Ascendas REIT acquires two properties located along Science Park Drive for $437.5 million.
The eight-storey, 20,000 sqm office property is located on a 6,000 sqm site, along Stirling Street in Perth, Australia. It is near the city’s central business district with nearby access to a variety of public transport and lifestyle options.
New York-based alternative investment firm Angelo, Gordon & Co has closed its AG Asia Realty Fund III $850 million in capital commitments with the fund aimed at value-add turnaround and development market in Japan, South Korea, Hong Kong and China.
Indian real estate funds are finding it tougher than usual to raise money as investors demand a more rigorous due-diligence process in an uncertain environment. Large pension funds and global investors are now seeking exclusive and direct partnerships with developers instead of parking money with fund managers who are essentially… Read more »