Singapore: Perennial leads 70% stake sale in TripleOne to unit of HK listed firm

By
Posted

Perennial is leading a consortium to divest their stake in TripleOne Somerset and sell it to Hong Kong’s Shun Tak Group.

111 Somerset. Credit: Perennial Real Estate Holdings.

China’s HNA picks HK land parcel for $713m

By

HNA Group Co Ltd, owner of Hainan Airlines Co Ltd, will pay HK$5.53 billion ($713 million) for residential land in Hong Kong, the Chinese conglomerate’s second major purchase in the city in the last three months. In November, a subsidiary of HNA Group agreed to pay HK$8.8 billion for 11,300… Read more »


Singapore: Frasers expands footprint in Indonesia

By

Frasers Hospitality has launched a new serviced residence in Kuningan, expanding its footprint in Jakarta.


GIC leads $1.04bn NYC office tower investment

By

The building serves as the US headquarters of Deutsche Bank


China Evergrande gets HK bourse nod for spin-off of property assets

By

The move paves way for a backdoor listing of those assets in Shenzhen.


India: Blackstone eyes Mumbai office space; Shapoorji Pallonji to buy 51% in Gopalpur port

By

Blackstone is looks to buy space in Mumbai office building for $125 million, while Shapoorji Pallonji Group will buy 51% stake in Gopalpur port. Blackstone looks to buy space in Mumbai office building for $125m Global private equity major Blackstone Group is in discussions to acquire six floors in First International Financial Centre (FIFC) Tower in Mumbai for over… Read more »


India Digest: Parinee Group, Marvel Realtors raise funds; TRIL buys toll road from SMS Infra

By

PNB Housing has agreed to invest $44m in Parinee Group project, while Marvel Realtors has raised $22m from Piramal Fund Management. Also, Tata Realty and Infrastructure Ltd has acquired the Chattisgarh-based Durg Bypass road project. PNB Housing to invest $44m in Parinee Group project Carlyle Group-backed PNB Housing Finance has agreed to invest over Rs 300 crore ($44… Read more »


Indonesia: Ciputra Group completes merger

By

Ciputra Group has completed the highly-anticipated merger between its three publicly-listed companies.


SG Realty: Advanced Holdings to acquire Agricole; CIT divests Ubi property

By

Advanced Holdings id discussing the acquisition of Agricore Global in an RTO deal and CIT is divesting an Ubi property.


Blackstone readies new Asia real estate fund of at least $5b

By

The fund aims to raise $5b, betting on strong returns from property investments in the region