Investors, led by Farallon Capital, float alternative debt plan for China developer Kaisa

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A consortium of investors in debt-laden Chinese developer Kaisa Group Holding led by Farallon Capital has drafted a proposal that would inject $650 million into the company and result in higher recovery for bondholders, documents seen by Reuters showed. Under the proposal, the consortium would inject $150 million into the… Read more »

Hong Kong’s ADM Capital, BPE Asia to invest $150m in Philippines office space project

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Hong Kong-based fund managers ADM Capital and BPE Asia Real Estate announced plans of investing up to $150 million to construct five office towers at the Clark Freeport in the Philippines.


Asset Bright buys housing property in Bangkok for $18.3m

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The board of directors of Thailand-based Asset Bright PCL (ABC) has approved the takeover of Orchid View Co Ltd, which owns a service-apartment in Bangkok, for a consideration of 650 million baht ($18.3 million). According to the company’s report to the Stock Exchange of Thailand, ABC will purchase and transfer all… Read more »


Oxley hikes bond issue size by 140% due to “overwhelming demand”

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Singapore-based developer Oxley Holdings said it had received an ‘overwhelming demand for its retail bonds offering, leading it to more than double the total issue size  to $300 million – S$225 million to the public offer and S$75 million under the placement tranche. This is 140% more than its initial… Read more »


India: Supreme Court declines Sebi’s plea to hold DLF subsidiary stake sale

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The Supreme Court on Wednesday declined to stay the stake sale of three subsidiaries of real estate firm DLF Ltd at this stage. The court’s directive came on plea by the capital markets regulator Securities Exchange Board of India (Sebi) which had moved the court seeking a stay on transfer… Read more »


BlackRock seeks new buyers for $3b Singapore tower after CapitaLand ends interest

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BlackRock Inc said it was still in negotiations with potential buyers for its office tower in Singapore after local developer CapitaLand ended talks with parties on a prospective deal reported to be worth as much as $2.9 billion. “While we are not in a position to comment on the details, we… Read more »


Singapore: Cache Logistics Trust to raise S$100m by placing new units to investors

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ARA-CWT Trust Management (Cache) Limited, manager of Cache Logistics Trust Tuesday said it plans to raise around $100 million by placing between 104 million to 106 million new units to institutional and accredited investors. The company, in a regulatory filing, said that the new units will be issued within a price range… Read more »


Thailand: Top realty player Sansiri unit offloads Plus Property Venture for $0.9m

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Plus Property Co Ltd (PLUS), a wholly-owned subsidiary of Thailand’s top property developer Sansiri PCL, has sold its entire holding in Plus Property Venture Co Ltd (PPV) to three individual investors for 32.23 million baht ($0.9 million), according to Sansiri’s report to the Stock Exchange of Thailand. Wanchak Buranasiri, chief… Read more »


Megaworld, Travellers International to build $1.4b leisure township in Manila

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Megaworld Corp together with Travellers International Hotel Group Inc are allocating funds up to $1.4 billion (P65 billion) to build a new entertainment and leisure township called Westside City.


Singapore’s Genesis Global to invest $300m in Vietnam realty firm Phuc Khang, picks 30% in housing project

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Singapore-based Genesis Global Capital will invest $300 million in Vietnam’s real estate developer Phuc Khang Corporation over the next six years, and will also purchase 30 per cent stake in the company’s $56.7-million Diamond Lotus project in Ho Chi Minh City. This is Genesis Global Capital’s first investment in Vietnam. While the… Read more »