Outbound Investment Archives - Mingtiandi

Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M

Beatrice Laforga — Tue, 17 Oct 2023 13:26:09 +0000

Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned by Blackstone and Mirvac for about A$777 million ($494 million), making Australia’s largest office buy so far this year.

Mirvac has... Read More>>

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Receivers Marketing London Office Tower Seized From Mainland Tycoon

Michael Cole — Mon, 16 Oct 2023 15:14:04 +0000

Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime... Read More>>

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Singapore’s Keppel Buys Pair of Sydney School Campuses for $125M

Beatrice Laforga — Mon, 16 Oct 2023 12:32:08 +0000

Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private education fund for a total of A$198 million ($125 million), the company announced late Thursday.

The company said its Keppel Education... Read More>>

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Cromwell EREIT Continues Debt Reduction with $99M Sale of Italian Office Campus

Beatrice Laforga — Mon, 09 Oct 2023 14:15:52 +0000

Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the Singapore-listed trust continues to sell of non-core assets to reduce debt.

After seeing its interest expenses more than double from €4.2... Read More>>

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Gaw Capital Set to Buy Back San Francisco Offices From Blackstone at Two-Thirds Off

Michael Cole — Sat, 07 Oct 2023 16:01:03 +0000

Disruption in the US office market is helping one Hong Kong’s biggest fund managers buy back a San Francisco office project it sold to Blackstone in 2018 for two-thirds off the price from that earlier transaction.

Gaw Capital Partners is... Read More>>

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Singapore’s CDL Buys 25 Tokyo Apartment Buildings From BGO for $230M

Beatrice Laforga — Thu, 28 Sep 2023 13:32:05 +0000

City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature... Read More>>

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Singapore’s Well Smart Picks Up $323M Sydney Hotel Project

Beatrice Laforga — Sun, 03 Sep 2023 10:25:01 +0000

Singapore-based Well Smart Investment Holdings is acquiring a Sydney hotel project from Chinese-owned developer ICD Property and local firm Belingbak with plans to repurpose the planned A$500 million ($323 million) hotel and residential tower as a hospitality-only development.

Controlled by... Read More>>

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Indonesia’s Karim Family Buys Former Bank of China HQ in Sydney for $34M

Beatrice Laforga — Thu, 31 Aug 2023 15:14:09 +0000

Invictus Developments has acquired the former Bank of China Australian headquarters in Sydney for A$52.5 million ($34 million) with plans to convert the 15-storey tower into a luxury hotel as the Singapore-based investment firm assembles a portfolio of Aussie hospitality... Read More>>

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Singapore-Listed Thakral Sells Osaka Hotel Stake, Eyes More Japan Divestments

Beatrice Laforga — Tue, 29 Aug 2023 14:29:47 +0000

Thakral Corp has sold its 50 percent stake in a 120-key business hotel in Osaka for an undisclosed sum as the Singapore-listed investment firm continues to scale back its exposure to Japanese real estate.

The firm, whose businesses span real... Read More>>

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CapitaLand Ascott Trust to Buy Hotels in London, Dublin, Jakarta for $268M

Beatrice Laforga — Wed, 02 Aug 2023 13:28:03 +0000

Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in Southeast Asia for a total of S$357.8 million ($267.5 million) as it moves to profit from a global travel rebound.

The... Read More>>

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