Finance Archives - Mingtiandi

Japan Post Bank Boosts Real Estate Holdings to $27B as Diversification Continues

Poonyapat Luenam — Wed, 22 Nov 2023 15:10:03 +0000

Japan Post Bank is adding more real estate to its portfolio this year as the company continues to diversify its JPY 226.3 trillion ($1.5 trillion) in assets beyond its traditional reliance on government bonds.

According to a statement issued this... Read More>>

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Receivers Take Over Hong Kong Mansions From Entities Linked to Evergrande Boss

Beatrice Laforga — Wed, 22 Nov 2023 14:52:53 +0000

A creditor has taken over two mansions on Hong Kong’s Peak once valued at a reported HK$1.5 billion ($192 million) in the latest seizure of assets linked to fallen mainland billionaire Xu Jiayin and his China Evergrande Group.

Land Registry... Read More>>

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Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead

Michael Cole — Sat, 18 Nov 2023 09:03:41 +0000

With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to... Read More>>

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LaSalle Confirms Second Singapore Office JV with TE Capital

Michael Cole — Sat, 18 Nov 2023 06:20:45 +0000

LaSalle Investment Management late last week issued a statement announcing its second joint venture with Singapore’s TE Capital Partners, confirming a Mingtiandi report from earlier in the week that the pair have teamed up to purchase an office building in... Read More>>

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GIC Ties Up With Australia’s RAM for Healthcare Real Estate JV Down Under

Kevin He — Thu, 16 Nov 2023 14:16:35 +0000

Australian investment manager Real Asset Management (RAM) has launched a healthcare-focused property fund in a joint venture with an unnamed partner understood to be Singaporean sovereign fund GIC.

The RAM Australia Healthcare Opportunity Fund (HOF) will build a “low risk,... Read More>>

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Keppel Capital Buys Singapore Complex from Lian Beng-Apricot Capital JV

Beatrice Laforga — Mon, 13 Nov 2023 05:24:03 +0000

Keppel Capital is purchasing a commercial and residential complex in Singapore’s Rochor district from a joint venture between local investors Lian Beng Group and Apricot Capital for around S$350 million ($257 million), according to sources who spoke with Mingtiandi this... Read More>>

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Viva Land Nears Deal to Sell Singapore Hotel to Local Construction Firm at 30% Loss

Beatrice Laforga — Sat, 11 Nov 2023 13:45:11 +0000

A company linked to jailed Vietnamese businesswoman Truong My Lan is in the process of selling a five-star hotel along Singapore’s Robinson Road at a 30 percent discount from what it paid for the property last year, according to market... Read More>>

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CapitaLand’s Ascott in Due Diligence to Buy Gaw Singapore Hotel

Beatrice Laforga — Thu, 09 Nov 2023 14:40:21 +0000

A lodging unit of CapitaLand Group is in due diligence to buy a hotel in Singapore’s Bugis area from Hong Kong-based Gaw Capital Partners at a price potentially 28 percent less than the company’s target in a marketing exercise a... Read More>>

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CapitaLand Investment Revenue Dips in 2023 YTD, Lodging Fee Income Jumps

Kevin He — Thu, 09 Nov 2023 14:30:06 +0000

Singaporean real estate investment manager CapitaLand Investment (CLI) posted a 3 percent year-on-year dip in revenue for the nine months ending in September, with growth in its fee-earning business partially offsetting declining performance in the real estate investment business, according... Read More>>

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Japan’s GPIF Commits $500M to Brookfield Strategic Real Estate Partners V

Mingtiandi Team — Thu, 09 Nov 2023 14:26:13 +0000

Japan’s Government Pension Investment Fund (GPIF) has committed $500 million to Brookfield Strategic Real Estate Partners V (BSREP V), marking its second direct investment in a dedicated real estate vehicle this year.

In an update last week, the world’s largest... Read More>>

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