July 2017 | Asia Property

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Lack of bidders and past deal doubts put GLP sale in jeopardy

GLP chief exec Ming Mei’s key role with one of just two bidders and past deal concerns deter potential buyers   Logistics giant GLP has received only two firm...


Ping An provides record $700m funding for Chicago tower

Ping An Bank has made the largest construction loan in Chicago’s history, advancing $700m for the development of a 95-storey tower. Magellan Development Group and Dalian Wanda Group plan to...


Rise of Asia Pacific retail hits snag as cautious international brands pause to take stock

CBRE survey records year-on-year fall in new retailers opening stores in 2016, with notable international retailer withdrawals from even Hong Kong, Tokyo and Singapore, retailers’ top cities for expansion  Retailers...


Butler to “coexist in market with CBRE” as dispute with former firm is settled

CBRE has resolved its dispute with former director Rick Butler, who left the firm to set up his own brokerage. A statement by the parties said: “CBRE and Rick Butler...


Key data: Occupiers

 • Refrigerated space and multi-tenant logistics, office and production facilities are in demand in Japan  Japanese logistics takes alternative path The uses of logistics properties in Japan are changing as...


CapitaLand sells Singapore office and retail project

CapitaLand Commercial Trust has sold Singapore’s Wilkie Edge office and retail development for S$280m ($202.7m). The REIT sold to Lian Beng Group and a vehicle of the Teo family at...

Companies & People

Companies & People

Doshi plans new venture after  leaving Asset manager Apg Sachin Doshi has resigned from his role as managing director and head of private real estate investments for Asia Pacific at...


Chung Kei closes in on Docklands asset for debut UK deal

Company owned by Chinese tycoon Chen Hong Tian set to pay £410m for Brookfield’s 20 Canada Square  Chung Kei Group is to buy a £410m ($531.8m) office building in London’s...


Oversupplied China market books in a brighter future

A building boom has left China’s hotel market oversupplied, but growing domestic and foreign visitor numbers and a slowdown in development make the market’s long-term prospects look promising China’s hotel...


Market talk

“We couldn’t have got into the market without paying above market prices. High home prices will affect Hong Kong’s competitiveness in attracting international talent, so the stranglehold should be broken”...


Key data: Non-listed sector

Kay data: Non-listed sector