mingtiandi. The land purchase is the second major acquisition by. mingtiandi

CIFI Holdings said on Thursday that it has failed to make payments due on offshore debts, with creditors indicating that it defaulted on a payment on a HK$2. T he regional boom in data centers shows no sign of fading as mobile data usage and demand for hyperscale cloud services continue to rise, according to a panel of experts taking part in Mingtiandi’s Asia. 5 million) as it moves to profit from a global travel rebound. DNE Group Launches $870M Onshore Fund to Invest in China New Economy Assets. Mingtiandi is designed to help real estate professionals make informed decisions and gain an edge over the competition | Mingtiandi is Asia's independent source for news and information on the. A Kenedix-ARA fund acquired Iron Mountain Centre II in Singapore's Jurong West area from Iron Mountain for S$47 million ($35. Tech Adoption in Asian Real Estate: Download the Report. The campus at 103 Cailun Road in Zhangjiang High Tech Park in Shanghai’s Pudong district forms part of Zhangjiang. 13) per square foot per month at IOI Central Boulevard, according to the BT account, which would represent a discount from the developer’s target rates of S$12 to S$14 per square foot. Wilson Lai, head of investments at ARA Asset Management. Markets repricing the quickest, and hence looking like better value, will attract investments in the first half of 2023 while the others may have to wait longer for the investors to return. 5 million of its 5 percent unsecured notes into new debt and equity at a discount to par. Shao took on his new role with the onshore private equity division of CITIC Group after just under five years at. Mingtiandi’s 2022 event program is designed to build on the success of our 2021 MTD TV forums, which have already attracted more than 3,400 live viewers and garnered over 10,000 on-demand views of the event recordings. 1 million ($159. 90 a share made earlier that month, values Boustead Projects at S$297. Quarter-Century at Goldman. Equinix completed an expansion of its fifth Singapore data centre in April. The company run by brother and sister Terence and Emilia Teo is in exclusive due diligence for the acquisition of the VisionCrest Commercial building at 103 Penang Road, according to multiple sources who spoke with Mingtiandi, with the company said to be in talks at a price point of around S$460 million ($336 million) for the 11-storey office. Korean headhunting leads this week’s survey of personnel moves from across Asia’s real estate world, as the world’s third-largest pension fund searches for a new CIO. Goldman Sachs Asset Management Raises $15. OUE Sells French-Designed Mansion to Chairman Stephen Riady for S$95M. In an one-hour discussion with Mingtiandi founder Michael Cole,. The four-part forum, which begins in March 2023, will. com on Thursday filed applications for Hong Kong initial public offerings (IPO) of its Jingdong Property and Jingdong Industrials. Chu, who is reported to have used funds. Hong Kong-listed developer Kerry Properties on Tuesday revealed details of a supersized mixed-use project in Shanghai’s central Huangpu district after acquiring the land use rights to a set of four development plots for RMB 13. 3 million), according to people familiar with the matter, Already the anchor tenant of the two-building leasehold facility at 12 Ang Mo Kio Street 64 in central Singapore, Apple is exercising its right. Mapletree representatives declined to comment and PAG had yet to reply to. LAO VI aims to deliver a net internal rate of return of 18 percent over an. Orchard Sophia was the sole project launched in the city centre last quarter. Shanghai’s CIFI Defaults on Offshore Bond Despite Government Support. Blackstone’s Storefriendly JV Completes $108M Kowloon Self-Storage Buy. Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4. Wednesday 20 September 2023, 10:00 AM – 10:45 AM HKT. 8 million), with the developer planning to remake the site into luxury housing as the city-state’s high-end market continues to. Occupying a 9,794 square foot site just a few doors down from 108 Robinson Road, which PGIM purchased for S$143 million in April of this year, AM Alpha’s new acquisition is currently 90 percent occupied by a range of small to medium-sized tenants, with F&B outlets on the ground floor. R&F in March agreed to sell the Vauxhall Square parcel to Far East for £95. Ellen currently serves on the boards of DNE Group, Princeton Digital Group, CREATER Group, Golden. Mingtiandi. Also making the list are moves at Partners Group, CapitaLand and JLL. Morgan Stanley and Greycoat had acquired Premier Place in 2017. 7 acres) eligible to be put on the auction block in the second half of 2022, in what would be the largest half-year government land sale programme for the sector in two years. ESR is including one of its Tianjin logistics facilities in the GIC JV. Country Garden chairman. A Vietnamese tycoon linked to Singapore’s Viva Land, who has has partnered with Li Ka-Shing’s CK Asset, was arrested by police in Ho Chi. The Mingtiandi APAC Data Centre Forum 2023 concludes with an exclusive interview with Singapore-based green data centre operator Empyrion DC and their partner, infrastructure platform investor Seraya Partners. AirTrunk’s 78MW 2020 facility is the largest data centre in Singapore to date. Industry Moves; MTD TV Speakers; Logistics. Mingtiandi, Bangkok, Thailand. The Singapore government is lifting a 2019 moratorium on new data centre construction and will once again allow construction of new server facilities within its borders, provided that they meet criteria for energy efficiency, according to a statement on Tuesday. Introduced in 2020 with an exclusive interview with ESR chairman Jeffrey Perlman, MTD TV has become must. US private equity firm Ares Management has made its first direct investment in Hong Kong real estate, picking up a 51 percent stake in a Kowloon office project from New World Development for approximately HK$3. 7 billion) bid is said to have bested. Mainland China developer Hopson Development Holdings is poised to make its first overseas acquisition after agreeing to buy a stalled residential project in New York for $113. In the same notice to the Singapore exchange SLB announced that its joint. Property analysts expect the tax hike to slow private home sales and slow what has been a 27. com is Asia's most up-to-date and comprehensive source for news and analysis of the region's property market. For 2023, Mingtiandi is proud to present a series of online forums, bringing together thought leaders from around the region to discuss trends affecting sectors including residential, logistics, data centres, and office strategies in Asia Pacific as well as two on-location gatherings of senior leaders in Singapore and Hong Kong. “Typically, a first and early commitment to a new CBD development can attract a 15. 6 bil in December (Getty Images) China’s twentieth-largest developer by contracted sales. 9 percent. Wanda Renegotiating $4B Financing with Investors After IPO Application Lapses Again. As part of the deal, the developer. In their new roles, Kim and Tang will serve as managing directors and co-heads of real estate for Asia Pacific, LSE-listed. Delivering on that mission requires three components: network equipment, which manages the data flowing through the ‘pipes’ of the data centre; power infrastructure to keep the network, cooling, and IT equipment. 5 billion) for a harbourfront site in Hong Kong, with the successful government land sale coming as confidence returns to the world’s most expensive real estate market. Japanese rental apartments have been one of the favourite targets of institutional real estate investors, with UBS Asset Management last month announcing a $230 million build-to-rent project in Tokyo. The 1998-vintage Horae Plaza is due for an overhaul. Based in Singapore and Sydney, the new hires are led by David Kim, formerly CEO of private funds at ARA, and Stephen Tang, who was head of value-add and opportunistic real estate at the unit of logistics giant ESR. The facility in the core commercial district of Tsim Sha Tsui will. “When we talk about Asia, we cannot ignore one of the biggest tech. Simply fill out the registration form below to createLogos Group has expanded its Southeast Asia footprint with the acquisition of a redevelopment site in Singapore through a S$1. 2 million), according to a filing with the Hong Kong stock exchange. Based in Mumbai, Sekhsaria had served for the past year as a managing director with Morgan Stanley’s real estate investment team for India, after first joining. In addition to the Westlink business park in Shanghai, a property acquired by Blackstone from Singapore’s Mapletree Investments for a reported $1. 4 billion for its Blackstone Real Estate Partners X fund, making it the largest closed-end investment vehicle ever in the real estate or private equity sectors, the company announced. Sino-Ocean Group will sell its entire 10 percent stake in the China Life Financial Centre office tower in Beijing to two China Life subsidiaries for RMB 230 million ($31. The Mingtiandi APAC Data Centre Forum 2023 concludes with an exclusive interview with Singapore-based data centre operator Empyrion DC and their partner, Seraya Partners on building greener data infrastructure. The world’s 11 th -largest pension fund by assets under management is on the lookout for a new chief investment officer with the Californian Public Employees Retirement System – better known as CalPERS – saying earlier this month that Nicole Musicco is leaving her post as of 29 September. 2 million), according to sources familiar with the deal. In addition to its latest agreement with CPPIB, Logos last month secured $120 million in debt financing from the International Finance Corporation to support development of two. Financial details of the funding exercise have not yet been. Hopson has bought the stalled project at 131-141 East 47th Street. The portfolio is 98 percent occupied and consists of completed assets with a total gross. The logistics giant raised RMB 5. The identity of the buyer has yet to be confirmed, however, market reports indicate that a joint venture between private equity firm PAG and Singapore’s Mapletree Investments has agreed to purchase the 28-storey tower for about HK$5. Tickets to the event are available via. Sunway’s latest acquisition comes two months after Singaporean giant City Developments Ltd added 1,863 beds to its UK student housing portfolio with the purchase of five properties in Birmingham, Canterbury, Coventry, Leeds and Southampton for £215 million. Join us again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen. The hotels comprise 7,124 rooms in major tourist destinations across Japan, SC Capital said. 2 billion) redevelopment project in Singapore as the Lion City’s largest telecom provider announced Wednesday that it would team up with the Australian builder to rebuild its Orchard area headquarters. has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan ($4. 2M. 2023/02/27 by Danita Phaopat Leave a Comment. After nearly four years of pandemic and travel restrictions, Mingtiandi returns to Hong Kong with its first-ever Hong Kong Focus Forum in 2023, which will bring market. The site on Nassim Road in Singapore where OUE developed Stephen Riady’s S$95 million new home. Colliers has yet to comment on its plans for the Vietnam market but pointed to its strength in the broader region in response to inquiries regarding the Avison Young announcement. ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362. “China feels to us like the US and Europe in 2008,” the FT quoted Shan as saying. Income at Raffles received bids around. In April 2021, Blackstone purchased the 10-storey New Media Tower on Hung To Road in Kwun Tong district from local conglomerate Emperor Group for HK$508 million, with the. Our breaking updates on the region’s property markets are followed by industry leaders from Morgan Stanley, Blackstone, and Goldman Sachs, and we are looking for an associate editor. APG Invests $400M in CBC China Life Science Real Estate Venture. Lendlease bested rival CapitaLand for a S$3 billion ($2. 8 billion (then $2. 4 million ($269. 6 million square feet currently to 4. 22 billion ($3. The 21-storey office block, located 27 kilometres (16. Half of the funds have been allocated to the mainland market, with a focus on retail-led mixed-use developments in. Wang On Properties has announced its first hospitality investment, teaming with US private equity shop Angelo Gordon to purchase the Pentahotel Hong Kong from New World Development for HK$2 billion ($260 million). The mission of a data centre is to ensure tenants can transfer data between their servers and storage devices and their end users. Stephen McLennan, Ontario Teachers’ Pension Plan (Image: Ontario Teachers) Testifying last week in front of a Canadian parliamentary committee investigating the country’s relationship with China, leaders of two of Canada’s largest public pension funds said they have paused direct mainland investments as tensions rise between. China Oceanwide is set to give up another slice of its property holdings in Hawaii, with the cash-strapped mainland developer agreeing to sell its Kapolei West residential site on the island of Oahu to a local firm for $92. The Wheelock affiliate successfully applied for the forced sale of the remaining units in the property after prices for luxury homes on Hong Kong Island rose by 10 percent in 2021, according to a Savills report published last week. 5 billion ($150 million), marking the Singapore-based firm’s first investment in Japan. Murata is set to join Warburg Pincus early next year, according to the memo and will lead the build-out of the firm’s Japan private equity and real estate business in. Singapore Home Prices Crept Upwards in Q3 Despite 15% Drop in Sales. Metro’s student housing fund, Paideia Capital UK Trust, acquired the four freehold student accommodation properties in Exeter, Durham, Glasgow and Kingston for a total consideration of £74. The Kowloon Godown building on Kai Hing Road. 2B Redevelopment of Singtel HQ in Singapore. The mall was built by Far East Organization in the 1970s for just S$20 million. 8 billion ($6. Hong Kongmingtiandi. Mainland developer Shinsun Holdings announced to the Hong Kong stock exchange on 16 April that its chairman, Chen Guoxiang had passed away due to illness at the age of 72. Chris Pilgrim, Managing Director, Global Capital Markets, Colliers Asia Pacific. 🙏🥲#chengyi #chengyi成毅 #mysteriouslotuscasebook #ki…Chen Hongtian’s seized Hong Kong flat finally selling at 39 percent below the valuation price leads today’s collection of real estate headlines from around the region. Delivering on that mission requires three components: network equipment, which manages the data flowing through the ‘pipes’ of the data centre; power infrastructure to keep the network, cooling, and IT equipment. Weijian Shan, Chairman & CEO, PAG. Mainland tech giant Alibaba together with consortium partners led by Perennial Holdings are set to build Singapore’s tallest tower after regulators approved their proposal for a 305-metre (1,001-foot) skyscraper in Tanjong Pagar. 6 billion, Hong Kong-listed Lai Sun Development continues to focus on the city’s quickening luxury market, with its acquisition of a pair of adjacent properties in the Mid-Levels area for a combined HK$1. CapitaLand Investment continues to demonstrate its ability to raise funds domestically in China, teaming up with 10 local investors to establish RMB 4 billion ($550 million) in new renminbi-denominated vehicles, according to an announcement on Thursday. After raising $3. State-run Chinese conglomerate CITIC, a main creditor of the cash-strapped developer, has taken over stakes in five Kaisa projects in Shenzhen worth more than RMB 60 billion ($8. China Evergrande Says Chairman Suspected of Crimes, Subject to “Mandatory Measures”. Southeast Asia’s largest real estate group keeps expanding its fund management business with the latest addition to the CapitaLand team leading this week’s round of people moves on Mingtiandi. Hong Kong-based Baring Private Equity Asia (BPEA) Real Estate on Monday announced the closing of a capital raising for mainland warehouse platform Forest Logistics, bringing the total equity commitment to more than $1. Gao is succeeding the previous Asia client group head, Sandra Lee, who has left AXA IM, a representative told Mingtiandi on Tuesday. 5 million) with local media reports linking the buyer to a mainland developer which plans to develop a “Ginza-style” office and retail project on the site at the intersection of Haven Street and. 1 hectares) of land, the data centre will be built to Tier 3 standards, which require. With a portfolio of more than 800 of its own warehouses in China, JD invested $306 million in ESR in 2018 and held 7. com) KOMPAS. In June 2021, ESR arch-rival GLP became the first international company to list a REIT in China when it teamed up with state-backed investment bank CICC to launch GLP C-REIT. The bit barn is part of Goodman Tsuen Wan West precinct, a 1. SHKP Posts $3B Profit as Hong Kong Home Sales Climb 13%, Rental Income Steady. An opportunistic fund managed by LaSalle Investment Management is acquiring a building in Shanghai’s Yangpu district from Landsea Green Management Limited for RMB 253 million ($35. 3 hectares (25. Mercatus Marketing Singapore Community Retail Portfolio for $194M. 2B Redevelopment of Singtel HQ in Singapore. A board reshuffle at a Singapore-listed data centre REIT leads this week’s collection of personnel moves in Asia’s real estate industry, as Digital Core REIT names a new chairman and CFO. GIC announced on 25 September that Wong would take on his new title on 1 October after first becoming a director of the institution in 2018. . After raising $505 million in fresh funding this year, Princeton Digital Group sees room for further expansion of its Asia data centre platform, despite. Chen Hongtian’s seized Hong Kong flat finally selling at 39 percent below the valuation price leads today’s collection of real estate headlines from around the region. 4 million. Often tipped to become Singapore’s next. GLP on Friday announced the final closing of the seventh fund in the warehouse specialist’s China income fund series with RMB 5. Developers are focusing their resources on completion of existing projects (Getty Images) Analysts at a top credit rating agency are predicting more tough times for China’s residential property market through mid-year, with little meaningful relief through 2023. The Widjaja’s have been selling down their holdings in 15 Scotts Road (Source: Cushman & Wakefield) A Chinese investor has acquired three strata units in an office building along Singapore’s Scotts Road from a company controlled by Indonesia’s Widjaja family for S$10. The properties consist of an office building in central Tokyo. Mingtiandi Singapore Focus Forum 2023. However, Friday’s noticed stated that, “As at the date of this. James Chern, Managing Partner and Chief Investment Officer,. The Chicago-based fund manager has raised close to $1. Dalian Wanda’s second dollar bond sale in less than a month was quickly oversubscribed on Monday, pointing to a renewed hunger from global finance after years of concern about the financial health of China’s highly indebted real estate groups. Marketing documents seen by Mingtiandi on Tuesday showed that Mercatus, the property investment arm of NTUC. State-owned enterprises dominated the ranks of China’s biggest developers by sales in 2022, with SOEs. Menurut Real Capital Analytics (RCA) dalam laporan Asia Pacific Capital Trends yang dikutip Mingtiandi, selama semester I/2021, volume transaksi properti. 5 percent, as the developer controlled by Hong Kong’s Kwok family narrowed its investment losses and reported solid residential. 3 percent in 2022, as the world’s largest property fund manager. 5 percent uptick compared to the preceding three month period, despite a 15 percent. 3 billion ($166. 37 billion). About Mingtiandi. The design plan for the 172,819 square metre (1. Singapore’s Royal Group has agreed to buy a commercial building near the city’s Orchard Road shopping strip for S$172 million ($126. Renewable energy is among the targets for the Sequoia China Infrastructure Fund. Join over 13,000 real estate professionals with full access to our daily market updates, MTD TV programs, industry reports and article archives with the Mingtiandi Membership. “While we remain long-term confident in China’s growth and market. has ceased to be a substantial unitholder in Cromwell European REIT (CEREIT) after selling down its stake in the SGX-listed trust, as Europe’s property sector faces growing headwinds and rising bond yields dampen the appeal of Singaporean REITs. 7 percent stake in the manager of Singapore’s ESR-Logos REIT to the trust’s sponsor, ESR Group for $25 million in October. Entering the logistics sector for the first time, the. Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717. The new data centre will take the place of a demolished Hulic-owned office building. The sale came after the Chicago-based fund manager and its JV partner Angus Miller had built up a portfolio of five assets. The redeveloped project is scheduled to open this June as Storefriendly Tower Peninsula West, providing 150,000 square feet of space at the 12-storey building. We are hiring marketing staff and internsMingtiandi’s 2022 Residential Forum kicks off on Tuesday 15 March with a spotlight interview featuring two of the most influential leaders in the region’s rental residential scene, Dutch pension fund manager APG and multi-family developer and fund manager Greystar. Top-level turnover at mainland developers leads Mingtiandi’s roundup of personnel movements from around Asia again this week, as Zhenro Group becomes the latest defaulting builder to see its chairman step aside and Longfor Group names a new board member. With the transaction, ESR will reduce its own stake in the $1. SilkRoad acquired the Tokyo properties on behalf of its third value-add fund (Getty Images) SilkRoad Property Partners on Monday announced the acquisition of six Greater Tokyo assets for JPY 19. Mingtiandi has recently completed a survey of the role of sustainability in Asia’s real estate sector, with the results of the research to be revealed during the August event. 6 billion ($1. Mingtiandi is Asia’s best-known real estate news and information website and we are looking for an experienced business journalist to join our editorial team. 2023/04/01 by Mingtiandi Team Leave a Comment Sino-Ocean sold its stake in a Chengdu project for RMB 5. Share this now LinkedIn; Share;. Should JD Logistics’ IPO move forward, it could. 2 million), according to multiple sources who spoke with Mingtiandi. A new chairman is now in place at South Korea’s National Pension Service (NPS) with Kim Tae-hyun having stepped up to the controls on 2 September. 1 million ($7. As part of Mingtiandi’s APAC Residential Forum 2023, which is sponsored by Yardi, Mingtiandi is proud to host a panel of experts who will explore the latest developments in the Japan market including the opportunities in developing new projects and venturing into alternative segments within the asset class. Singapore-listed Frasers Centrepoint Trust is selling a mall near Changi airport for S$338 million ($250 million) to a mainland Chinese family, according to sources who spoke with Mingtiandi.