Korea’s growing presence on the global investment stage leads today’s roundup of headlines from around the region, with the country’s sovereign fund buying into a US private equity player. Also in the news, Evergrande’s woes continue with a missed onshore… Read More>>
Warburg Pincus’ Storhub Acquires Japanese Self-Storage Firm in Second Buyout in One Month
Warburg Pincus has expanded its Asia footprint in one of real estate’s hottest asset classes as the private equity firm’s Storhub self-storage takes over a Japanese rival.
Singapore-based Storhub has now completed its acquisition of Storage Plus Corp, which has… Read More>>
Heitman Sells Singapore Self-Storage JV to Warburg Pincus-backed StorHub
Heitman exited a self-storage joint venture in Singapore with the sale of Mandarin Self Storage to Warburg Pincus-backed StorHub late last year for an estimated S$230 million ($172.2 million), Mingtiandi has learned.
The sale came after the Chicago-based… Read More>>
Hong Kong Strata Industrial Sales Crash 66% in Q4 as Supply Chain Woes Continue
Modern warehouse rents in Hong Kong declined 1.5 percent in the fourth quarter of last year as a slumping logistics market weighed on local third-party logistics (3PL) operators, while sales of stratified industrial space plunged 66 percent during the quarter,… Read More>>
Warburg Pincus-Backed StorHub Buys Beijing Property from Leroy Merlin
Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the Warburg Pincus-backed self-storage operator continues to expand its presence in mainland China.
The deal will add a third Beijing location and the 17th… Read More>>
Warburg Pincus’ Storhub Buys Two More Floors in Kowloon Self-Storage Building
Top fund managers continue to snatch up properties to expand self-storage businesses in Asia’s biggest markets, with Warburg Pincus-backed Storhub having expanded its holdings in a Hong Kong industrial building for the second time in two months and the third… Read More>>
Warburg Pincus-Backed StorHub Expands Hong Kong Footprint with Kowloon Buy
A Warburg Pincus-backed self-storage operator continues to expand its presence in Hong Kong with a Kowloon acquisition which marks its fourth reported purchase of new space in the city so far this year.
Storhub, which ranks as Singapore’s largest self-storage… Read More>>
Asia Real Estate People in the News 2020-08-31
Senior management shifts at some of mainland China’s largest real estate firms lead Mingtiandi’s collection of people moves this week with major changes at China Vanke and department store operator Golden Eagle Retail.
There are also some familiar faces showing… Read More>>
Blackstone India REIT to Raise $523M in Bonds and More Asia Real Estate Headlines
Stories from Bangalore to Brooklyn make their way into Asia’s real estate world today – with a brief stop over in the Bay Area (just the standard Bay Area, without any proclamations of Great-ness).
In Bangalore, Blackstone-backed Embassy Office Parks… Read More>>
Mainland Tenants Help Drive HK Office Rents to New High and More Asia Real Estate Headlines
Hong Kong’s bubbly property market set a new mark this month, with a major property consultancy saying downtown office rents have hit their highest level in over a decade. Also in the news, CapitaLand’s Ascott buys up an Aussie partner… Read More>>