The succession plan for one of Asia’s largest conglomerates may have become a bit clearer on Friday when Hong Kong-listed Kerry Properties named Kuok Khoon Hua as its new CEO and Vice Chairman in an announcement to the stock exchange.
Kerry Properties Buys Hangzhou Site for RMB 6.8B
Hong Kong-listed Kerry Properties has won the rights to a 98,053 square metre (1 million square foot) site in the eastern China city of Hangzhou after placing the winning bid of RMB 6.814 billion ($985 million) at a government auction,… Read More>>
WeWork Announces $2.9B Investment Platform with Ivanhoe, Rhone Group
WeWork parent The We Company continued its drive to expand beyond its co-working roots today as it announced the formation of a real estate investment and management platform backed by Canadian fund manager Ivanhoe Cambridge.
“Ark will focus on acquiring,… Read More>>
Asia Real Estate People in the News 2019-05-13
A top leadership change at a Hong Kong-listed developer leads Mingtiandi’s collection of personnel news from around the region this week, as the former President of Guangzhou’s Hopson Development finds a new corporate home in Fujian province. Also making a… Read More>>
Greenland Group Unveils Plan for RMB 100B Project on Shanghai’s South Bund
Just three months after buying a 50 percent stake in a site in Shanghai’s Huangpu district from financially troubled China Minsheng Investment Group, state-backed Greenland Group has unveiled plans for a relaunch of what it says is a RMB 100… Read More>>
Nan Fung Pays RMB 2.4B for Office Site in Shanghai’s Gubei
Hong Kong’s Nan Fung International Holdings has won the rights to a commercial plot in Shanghai’s Changning district after the developer agreed to pay RMB 2.4 billion ($352 million) to purchase the site at a government land auction this past… Read More>>
Mainland Developer Surrenders Seaworld Shares After Default and More Asia Real Estate Headlines
The financial struggles of yet another mainland China investor who purchased asset from Blackstone lead today’s headlines from around the region, as Zhonghong Zhuoye learns the Seaworld isn’t all fun and games. Also in the world of the big fish… Read More>>
Pamfleet Reaches $100M Final Close on 2nd China Real Estate Fund – Exclusive
Hong Kong-based Pamfleet has raised $100 million for its second mainland China real estate investment fund, according to sources familiar with the company’s operations who spoke with Mingtiandi.
Pamfleet Shanghai Real Estate Fund II, which reached a final close at… Read More>>
ARA Launches $451M Singapore IPO of US Hotel REIT
ARA Asset Management announced today that it has registered the initial public offering prospectus for ARA US Hospitality Trust, kicking off a $451 million listing for the hotel investment vehicle in Singapore.
The public offer, which began on Thursday night… Read More>>
Henderson Buys Out Kowloon Buildings at Auction, Aims for 1M SqFt Project
Henderson Land Development added to its pipeline of home town projects this week as it bought out the remaining space in a pair of aging buildings in Kowloon’s Hung Hom area.
The blue chip developer bought the properties, which constituted… Read More>>
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