Mainland developer China Evergrande Group said in an announcement to the Hong Kong stock exchange this week that it is likely to report a record 90 percent jump in core profit for 2018, thanks to an increase in the amount… Read More>>
WeWork Unveils Tenth Singapore Outlet — And It Has a Pool
WeWork announced on Tuesday the official opening of its tenth location in Singapore, at 380 Jalan Besar in the city’s Kallang area.
The new outlet will be located in the mixed-use complex ARC 380 near Farrer Park and will have… Read More>>
Weave Co-Living Acquires Second Hong Kong Property
Warburg Pincus-backed Weave Co-living has completed the acquisition of its second property in Hong Kong, with this latest investment coming nine months after the company opened its first location next to Kowloon’s Prince Edward MTR station.
The new property, located… Read More>>
Soho China Opens RMB 5B Commercial Project in Shanghai’s Gubei
Developer Soho China opened the doors to its Kohn Pedersen Fox-designed Gubei Soho project in western Shanghai’s Changning district last week, adding the RMB 5 billion ($746.7 million) office and retail project to its portfolio of commercial assets in the… Read More>>
Sun Hung Kai Snaps Up Second Plot Near Guangzhou High-Speed Rail Station
Hong Kong-listed Sun Hung Kai Properties announced on Friday that it had won a tender for a second plot of land near Guangzhou’s Qingsheng high speed rail station at a price of RMB 1.19 billion ($177 million).
The company controlled… Read More>>
Keppel Capital Locks into $400M Talks for Trio of Seoul Office Buildings
Keppel Capital’s Korean unit has been named the preferred buyer for a trio of Seoul office buildings valued at a combined KRW 450 billion ($400 million), according to a report in The Korea Economic Daily.
The private equity unit of… Read More>>
Korea’s NH Investment, ARA Team Up for $890M Seoul Office Buy
A fund managed by Singapore’s ARA Asset Management has agreed to purchase the iconic Seoul Square building from KR1 CR REIT, a locally listed trust whose largest shareholder is a division of Singapore’s Keppel Capital.
The deal, which is said… Read More>>
Sequoia-Backed Co-Living Operator Buys into Sydney Market
Singapore-based co-living firm Hmlet announced on Monday that it has taken over Australian co-living operator Caper Co-living, just three months after raising $6.5 million in a Series A funding round led by Sequoia India.
Following the transaction, Hmlet intends to… Read More>>
CapitaLand Announces $556M First Close of China Debt Fund
CapitaLand announced today a $556 million first closing of its inaugural discretionary real estate debt fund, as Chinese property developers seek to refinance over $41 billion in debt during the first half of 2019.
The fund, named Credo 1, has… Read More>>
PwC Resigns as Auditor for China Oceanwide Following Profit Warning
China Oceanwide Holdings Ltd (715:Hong Kong) has suffered a fresh setback just a week after the troubled developer warned of a substantial drop in profits for 2018 with its auditor, PriceWaterhouseCoopers, having resigned on February 22.
The London-based accounting giant… Read More>>
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