In agreeing to the purchase of the Novotel Nathan Road in Kowloon for HK$2.37 billion, a joint venture between Hong Kong firms Gaw Capital Partners and CSI Properties is thought to have lined up the biggest single-asset hotel deal in Hong Kong in more than a decade.
2 min read · 17 January 2013
Over the next decade, China’s real GDP growth is predicted to be half its 10 percent average of the last decade, stoking debate among attendees at the PERE Summit: Asia in Hong Kong. PERE magazine, April 2012 issue
2 min read · 17 January 2013
The Singapore-based fund management company has made further inroads into its capital raising efforts for its ARA Asia Dragon Fund II after holding a second closing. Capital raising is expected to complete by the end of the year.
2 min read · 17 January 2013
Dan Prendergast will relocate to London as the placement firm works to build up its franchise in Europe and Asia.
2 min read · 17 January 2013
To date, most land sales in China have come from local governments. However, at the annual MIPIM conference in Cannes, delegates heard that a new and potentially sizeable land source is poised to materialise.
2 min read · 17 January 2013
Shortly after Lombard Street Research startled more than 350 delegates at the PERE Summit: Asia by forecasting real GDP growth in China of only 5 percent over the next decade, PERE pulled aside one GP with a focus on the country for his reaction.
1 min read · 17 January 2013
SC Management, the Hong Kong and Singapore-based private equity real estate firm has already put approximately $60 million of the fund’s capital to work, acquiring a controlling position in a J-REIT and a Thai office-led property from the estate of Lehman Brothers.
2 min read · 17 January 2013
The curtain has come down further on the real estate principal investments division of Bank of America Merrill Lynch Real Estate after Asia head Martin Seol tendered his resignation. He will enter non-compete and gardening leave periods before seeking a new role in real estate investment.
3 min read · 17 January 2013
The Chicago-based real estate investment management firm has made a large exit from its third Asia opportunity fund. The fund is currently in asset management and exit mode after its investment period expired last year.
2 min read · 17 January 2013
Seven quips from our annual PERE Summit: Asia, which took place this week against a backdrop of the Eurozone crisis and general macroeconomic turbulence.
3 min read · 17 January 2013
