Oyo Hotels has cut its China staff by more than 72 percent since late 2019, according to a local news report last week, as the Softbank-backed company struggles to reach profitability less than one year after declaring itself the world’s… Read More>>
Soho China Confirms Buyout Talks Following Report of $4B Blackstone Offer
Mainland commercial developer Soho China has confirmed that it is considering buyout offers for the Hong Kong listed firm, just two days after news reports indicated that it had entered into exclusive discussions with Blackstone.
In an announcement to the… Read More>>
Blackstone Said Negotiating HK$31B Buyout of Developer Soho China
Blackstone is said to be offering more than HK$31 billion ($4 billion) to privatise mainland commercial developer Soho China, as the US fund manager prepares to take one of its biggest bets ever on commercial property in Asia.
The New… Read More>>
ARA Asset Management Acquires Warehouse Specialist Logos
Singapore’s ARA Asset Management announced today that it has acquired a majority stake in Asia Pacific logistics real estate developer and fund manager Logos Group for an undisclosed sum.
The deal, which was revealed in a joint announcement by the… Read More>>
SPH Buying Canadian Senior Living Properties for C$233M
Singapore Press Holdings has made its second overseas investment in senior living facilities this week as the media and property conglomerate announced today that it has agreed to pay C$232.9 million ($176.6 million) to acquire a set of Canadian properties.
Hongkong Land Pays Record RMB 31B for Site in Shanghai’s Xuhui District
In the midst of one China’s most acute economic setbacks in the last two decades, the biggest landlord in Hong Kong’s Central district has agreed to pay a record RMB 31.05 billion ($4.48 billion) for a development site in Shanghai’s… Read More>>
Former China Development Bank Boss Arrested, Said to Have Funnelled Loans to HNA
The former head of a major Chinese policy bank has been officially arrested for “suspected serious violations of discipline” according to official government statements late last week.
Hu Huaibang, who had served as chairman of China Development Bank… Read More>>
JLL Chooses New Japan Boss for Hotel Division
Property consultancy JLL has chosen new leadership for its hotel advisory unit in Japan, according to an announcement by the company late last week.
Takahiro Tsujikawa will take over as head of JLL Hotels and Hospitality for Japan effective 1… Read More>>
Mainland Developer China Overseas Land & Investment Names New CEO
Hong Kong-listed mainland developer China Overseas Land & Investment (COLI) announced this month that it had named a new chief executive to work alongside chairman Yan Jianguo.
Zhang Zhichao took over as CEO of the subsidiary of state-owned giant China… Read More>>
Frasers Buys Manager of Singapore Mall Properties From PGIM
Frasers Property announced today that it has agreed to buy the property manager of a Singapore commercial real estate portfolio, picking up the company from PGIM for an undisclosed amount.
The sale of AsiaMalls Management Pte Ltd by the real… Read More>>
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