Real Estate
Asian Real Estate Fund Launched by Blackstone
A brand new real estate fund focusing on Asia is being launched by Blackstone Group LP, in order to seize a “golden moment” to buy and sell property in the Asian Property market. Blackstone, now the largest private real estate firm in the world, with US$53.5 billion of property assets under management was founded byStephen Schwarzman and Peter Peterson in 1985 “Right now we are offering an Asian real estate fund. There is not another pan-Asian real estate fund in existence,” Blackstone President Tony James told the Goldman Sachs financial services conference in New York, without offering details on the new fund
Blackstone, now the largest private real estate firm in the world, with US$53.5 billion of property assets under management.
“Right now we are offering an Asian real estate fund. There is not another pan-Asian real estate fund in existence,” Blackstone President Tony James told the Goldman Sachs financial services conference in New York, without offering details on the new fund.
Even though it makes up about a quarter of its assets, real estate is Blackstone’s most profitable business, accounting for close to half its profit in the third quarter. In October, the New York-based firm said it had raised US$13.3 billion for its latest global property fund, the largest opportunistic real estate fund ever.
Lifestyle
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.
(more…)Property
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.
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Thailand welcomes first Finnair flight from Stockholm to Phuket
Bangkok, 25 October, 2021 – The Tourism Authority of Thailand (TAT) today welcomed the start of Finnair’s latest direct non-stop...
More COVID-19 restrictions are relaxed in Thailand from 16 October 2021
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China’s economy stumbles on power crunch
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Quarantine-Free Thailand Reopens for Vaccinated Tourists From 1 November 2021
The Tourism Authority of Thailand (TAT) would like to confirm that Thailand is all set to welcome fully vaccinated foreign...
The ASEAN-India Trade in Goods Agreement
The ASEAN-India Trade in Goods Agreement (the “Agreement”) is a trade deal between the ten member states of ASEAN and...