Bribery probe throws Lippo Group’s massive SE Asia project into limbo

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The nation’s Corruption Eradication Commission conducted a search on 10 locations on Wednesday including Lippo deputy chairman James Riady’s home and the house of a senior executive who was arrested.

Lippo Group founder Mochtar Riady

Hong Kong PE Gaw Capital said to join $1.9b deal to acquire Swire’s office assets

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Swire agreed to sell its entire stakes in the two office towers in June, adding to a spate of deals in the world’s priciest office market.


Merger of ESR-REIT, Viva Industrial Trust comes into effect

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The merger has created Singapore’s fourth-largest industrial real estate investment trust (REIT) with combined assets worth over $2.2 billion.


Allianz Real Estate to anchor $500m Kailong Greater China realty fund

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Allianz intends to take a 35% stake in the close-ended fund that targets value-add commercial real estate opportunities in China and Hong Kong.


Australia: Caper Co-Living launches first two properties in Sydney

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The properties are being launched in partnership with two private investors, who have “invested significantly” in Caper Co-Living.


OUE Lippo Healthcare shareholders approve First REIT, Bowspirit stake buys

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OUE Lippo Healthcare will acquire a 40% stake in Bowsprit and 10.63% of First REIT for a total of approximately S$142 million ($104 million).


Vijay Mallya fights UBS bid to foreclose $26.6m London home loan

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The bank is seeking possession of the property, which Mallya — an Indian tycoon who’s battling extradition in a separate case — used as a family home.


KKR-led group buys Seoul mixed-use property in $1.9b deal

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This is KKR’s third realty investment in South Korea and is being funded from its $9.3-billion Asian Fund III.


Xander signs $350m Hyderabad office project deal

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Xander will finance the development of the Hyderabad office project over the next few years and, once it is completed, will acquire the asset. It is a “develop-to-core” strategy, where the investor funds a development project and stays on until it becomes a rent-yielding, stabilized asset.


China: Cash-strapped HNA puts property assets worth $11b for sale

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Since January, HNA has sold or agreed to sell over $20 billion worth of assets, including real estate in Sydney, New York and Hong Kong.