…party buyer, ADFA Brisbane. The sale price is 6.9 per cent higher than the original purchase price of A$63.5 million on Feb 18, 2010, and represents a 0.6 per cent premium to the independent valuation of A$67.5 million as at Aug 31, 2020. Read more>> China’s New Home Prices Grow at Slowest Rate Since 2016 New home prices in China grew at their slowest pace in over 4-1/2 years as tightening measures in some big cities helped cool the property marke…
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KKR Announces $1.7B Final Closing for First Dedicated Asia Real Estate Fund
…ies to invest in logistics real estate businesses, as the ongoing shift to online shopping has been accentuated by the public health crisis. “These are opportunities that were there before COVID-19, but have now exploded in growth potential,” Pattar told Mingtiandi. “COVID has driven what would have been five years of e-commerce development within just 12 months.” With some of the largest players in the warehouse sector already acting as their own…
Alibaba Unit Leases Most of ARA, Chelsfield SG Project and More Asia Real Estate Headlines
…d to have embarked on a design of three 50-storey buildings instead of the original concept of a 105-storey skyscraper, according to industry sources on Tuesday. Read more>> Gaw Lands HK$5.3B Green Loan for King’s Road Office Acquisition Standard Chartered Bank Hong Kong Ltd and UOB have teamed up to provide a HK$5.29 billion ($680 million) green loan to a Gaw Capital Partners-led consortium to support its acquisition of 1111 King’s Road (previous…
Lim Family Selling Stake in Straits Real Estate for $78.3M and More Asia Real Estate Headlines
…gapore real estate agency PropNex is set to acquire a 70-per-cent stake in online marketplace Ovvy for S$1 million ($746,000), the mainboard-listed company said in an exchange filing on Monday. The acquisition by PropNex Grandeur Homes expands the group’s footprint in proptech, paving the way for it to offer more value-added real-estate services through an additional technology platform, PropNex said. Read more>> Ho Bee Land Chooses KSH to Lead Co…
JLL Appoints Media VC Executive as Greater China CEO, KK Fung Shifts Upstairs
…m outside of the real estate industry, I know she will bring new ideas and original thinking as we drive our ongoing digital transformation journey.” Marketing Veteran Lee’s career includes more than 30 years in the marketing and advertising industry at various companies within the WPP group in China. She served as chief executive of WPP China from 2013 to 2017, managing 14,000 employees and over $1 billion in annual revenue. KK Fung moves to chai…
Arch Capital Launches Digital Halo Data Centre Venture, Plans 70MW Manila FacilityÂ
…ilding that will be renovated to host server racks, and is scheduled to go online near the end of this year. Goh said the company is also “in active discussions with potential local partners” for the project. He estimated the Cainta campus will entail at least $500 million in total investments funded by its Asian Partners IV opportunistic strategy and affiliated investment vehicles. Digital Halo aims to develop a portfolio of built-to-suit and col…
Singapore Adds Two Residential Sites to Land Sale Plan and More Asia Real Estate Headlines
…ice in the first auction in July, according to e-commerce company JD.com’s online auction platform. Read more>> Carlyle Cuts Asia Fundraising Target to $6B in Challenging Market US investment giant Carlyle Group has lowered the target for its latest pan-Asia private equity fund by at least 30 percent from its original $8.5 billion, three people with knowledge of the matter said, as a slowing global economy and geopolitical tensions dull investors’…
Vanke Backers Buy Developer’s Shenzhen HQ Site and More Asia Real Estate Headlines
…i Investment jointly bought the plot at the reserve price, according to an online filing uploaded to a trading centre in Shenzhen on Monday. Read more>> AI a Key Driver as Q1 APAC Data Centre Investment Hits $1.6B A fresh wave of AI-directed investments is driving money into data centre real estate in Asia Pacific, with most markets seeing record levels of construction activity and strong deal flow. In the first quarter of 2024, acquisitions of AP…
Monday Management Madness
…our new CRM module — we had a custom module built for our SugarCRM system (www.sugarcrm.com) that should better allow us to organise our industrial zone data. This week is testing week for this little software project Besides these projects, we’ll be working on developing a more detailed version of the Rightsite marketing plan. More ways to make ourselves famous. On a marketing related note, received a message this weekend that our Rightsite.asia…
In the Home Stretch
…for more than 8 months, and have spent five months developing our website, www.rightsite.asia. It’s a lot of time, but we think we have accomplished something great. We are now nearly finished with the website and have only some minor elements left to add before we create the Chinese version. The feedback from people that we have shown the alpha version of the site to has been very positive, and we hope that folks will appreciate the beta version…
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