By Natalie Wong
Big real estate names like Blackstone Group LP and Tishman Speyer are venturing into flexible-space offerings of their own. Brokers, meantime, are growing wary that WeWork is cutting them out of deals.
The two blocks are owned by K-Eco Logis Co., Ltd, a subsidiary of Halla Corp and the developer of the assets.
The partnership kickstarted with the launch of the first project worth $25 million in Phuket.
Leelaventure owns five luxury hotels comprising over 1,400 rooms in New Delhi, Bengaluru, Chennai, Mumbai and Udaipur.
In the last 20 years, Ascendas-Singbridge has built 16 million sq. ft of office assets across information technology (IT) parks in six cities in India.
Gaw said the portfolio it is acquiring is comprised of a number of strategically-located properties across Hong Kong Island, Kowloon and the New Territories that sit in the heart of densely-populated communities.
The properties spread across Vietnam include Indochina Plaza in Hanoi and Hyatt Regency Danang.
Mapletree has just concluded the acquisition of Chennai-based information technology park SP Infocity for around ₹2,400 crore, marking its return seven years after it had made its first and only investment in the country.
MORE has routed the investments through India Realty Excellence Fund III and India Realty Excellence Fund IV.
The freehold property will be refurbished and converted into a 200-room hotel that will operate under the Marriott International Inc’s EDITION brand.