THAILAND > Singapore based Co-working space firm – JustCo – to spend more than $100 million to add 100 locations in 13 Asian markets

justco logo According to JustCo founder and chief executive officer, Kong Wan Sing, JustCo is set to spend more than $100 million in 100 locations in 13 Asian markets including Thailand. Besides Thailand, co working spaces will be set in India, Vietnam, Taiwan, Japan, South Korea, the Philippines, Hong Kong, mainland China, Australia, Singapore, Indonesia and Malaysia. Bangkok will see five new More …

UK > Canada based Avison Young is set to acquire UK based Wilkinson Williams LLP opening new office in London’s West End

Avison Young According to the Chair and CEO of Avison Young, Mark E. Rose, Avison Young has acquired legal advisory firm based in U.K. – Wilkinson Williams LLP and has opened a new office in London’s West End. Founded in 1991, Wilkinson Williams has been the leading advisory specialist firm acting in the U.K.’s out-of-town retail market. Representing many leading landlords and More …

VIETNAM > Japan based Hinokiya and Vietnam based TWG are setting up a joint venture to develop real estate projects in Vietnam

hinokiya logo Following a cooperation agreement on June 22, Japan based Hinokiya and Vietnam based TWG are setting up a joint venture to develop real estate projects in Vietnam. TWG CEO Le Cao Minh commented that the first project will be in HCMC which will be a Japanese style housing covering an area of 9.7 hectares. Many foreign investors are interested in More …

TURKEY > UAE based Rotana opens up two new hotels Centro WestSide and WestSide Arjaan by Rotana in Turkey

rotana logo One of the leading hotel management companies in the Middle East, Africa and Turkey, Rotana has opened up two new hotels namely Centro WestSide and WestSide Arjaan in the European side of Istanbul. Both the hotels were in partnership with Mar Yapı which is one of Turkey’s leading innovative real estate development companies. The two new properties are strategically located More …

CHINA > Germany based Thyssenkrupp Elevator opens a new plant and test tower in Zhongshan City, China

thyssenkrupp logo   Marking a major milestone in the company’s ambition, Thyssenkrupp Elevator opens its newest plant and test tower in Zhongshan City, China. Inaugurating the world’s highest elevator test towers in Zhongshan, China, Andreas Schierenbeck, CEO at thyssenkrupp Elevator said the following: “It is always our ambition to be close to our customers, and the testing process is important to ensure More …

USA > Bermuda based Brookfield Property Partners is set to acquire all the outstanding shares of common stock of USA based GGP for $9.25 billion

Brookfield property planners logo   Brookfield Property Partners is set to acquire all the outstanding shares of common stock of USA based GGP for $9.25 billion other than the shares currently held by Brookfield Property Partners and its affiliates. The deal consists of $9.25 billion in cash and about 254 million shares in Brookfield Property and the new REIT, for a 61 percent cash More …

NEPAL > World Bank and the Government of Nepal signed three financing agreements for $440 million to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training

World bank logo For the country’s post-earthquake housing reconstruction, livestock innovation, technical education and vocational training, the Government of Nepal and the World Bank have singed three financing agreements for $440 million. According to World Bank Country Director for Bangladesh, Nepal and Bhutan, Qimiao Fan: “These three agreements are important for Nepal because they boost job creation, including for many women, by investing More …

SOUTH AFRICA > US based MRI Software, a real estate software company, is set to acquire MDA Property System, a property management and accounting software company based in Cape Town, South Africa

MRI logo For expanding its fast growing presence in EMEA region, MRI software is set to acquire South Africa based MDA Property Systems. MDA Property Systems dominates the South African real estate market with approximately 5000 users and 70 percent of South Africa’s listed real estate investment trusts (REITs) using the company’s software. Founded in 1990, MDA Property System is a property management and More …