In this week’s edition of People in the News, a reshuffle at Swire Hotels sees the former managing director step up to a new challenge, while the former deputy chairman of the Hong Kong developer’s hotels division relocates to… Read More>>
Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults
South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.
New York-based Witkoff, which… Read More>>
Chelsfield Closes $363M Asia Fund to Hunt for Downturn Bargains
Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer readies to deploy dry powder in what CEO Nick Loup calls a “once-in-a-generation opportunity for investing”.
Alongside the $362.5 million… Read More>>
Allianz Expands Japan Multifamily Portfolio with €110M Tokyo Buy
Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 million ($122 million), announcing the deal just weeks after the property investment arm of the European insurance giant opened… Read More>>
IWG Eyes £315m War Chest to Fund Growth and More Asia Real Estate Headlines
A flexible office provider leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the company formerly known as Regus looks to raise $389 million in a share offering.
In other news around the region, a Singapore… Read More>>
Phoenix Forced to Restructure Financing for 71,000 Sqm Shanghai Office Project
A fund managed by Phoenix Property Investors has been forced to restructure the capital structure for a commercial project in Shanghai’s Jing An district, according to an announcement to the Hong Kong stock exchange today as the COVID-19 crisis disrupts… Read More>>
Li & Fung Delists After Completing HK$7.2B GLP-Led Buyout
Consumer goods sourcing and distribution firm Li & Fung delisted from the Hong Kong stock exchange yesterday, ending a run of 28 years on the bourse through a buyout backed by Asia’s largest warehouse developer and fund manager that valued… Read More>>
Tycoon Li Ka-shing Defends HK Security Law and More Asia Real Estate Headlines
Hong Kong’s richest man leads Mingtiandi’s roundup of Asia real estate headlines today as the founder of CK Asset Holdings speaks up in support of Beijing’s move to force through security legislation in the Asian financial hub.
In other news… Read More>>
Shui On Plans Xintiandi in the Suburbs with RMB 2.1B in Shanghai Land Buys
Shui On Land spent RMB 2.1 billion ($290 million) buying four parcels of land in Shanghai in just three days last week, as the developer assembles the pieces for an urban redevelopment project which it hopes will rival the success… Read More>>
Casino Magnate Stanley Ho Dies at 98
Gambling and property magnate Stanley Ho, whose lavish lifestyle and series of marriages had earned him celebrity status in Hong Kong, passed away yesterday at the age of 98, according to an announcement by the family.
The “King of Gambling”,… Read More>>
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