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Michael Cole

ritesh agarwal oyo

Softbank-backed Oyo Hotels Raising $1.5B to Expand into US, Europe

2019/10/07 by Michael Cole Leave a Comment

Indian hospitality group Oyo Hotels and Homes today announced that it is raising $1.5 billion to continue its expansion into the US, Europe and other global markets.

25-year-old Oyo founder Ritesh Agarwal is leading the financing round with support from… Read More>>

Daniel Ding_tb

Knight Frank Singapore Names Former Soilbuild CEO to Investment Team

2019/10/07 by Michael Cole Leave a Comment

Knight Frank Singapore has appointed the former head of a Singapore-listed construction firm as a senior member of its investment services team in the city state, according to a press release from the company.

Daniel Ding, former CEO of Soilbuild… Read More>>

Kazuyuki Sasaki

Asia Real Estate People in the News 2019-10-07

2019/10/07 by Michael Cole Leave a Comment

Changes at WeWork lead this week’s edition of Asia Real Estate People in the News, with the financially challenged co-working giant already seeing changes in its leadership in the region following its failed IPO attempt.

Reports surfaced late last week… Read More>>

William Tay Ascendas

Frasers-ESR Sell Melbourne Office Project to Ascendas REIT for A$111M

2019/10/06 by Michael Cole Leave a Comment

Singapore-listed Ascendas REIT will soon be adding a fourth Australian office property to its portfolio after the real estate investment trust’s manager announced last week that it had agreed to acquire a Melbourne development project.

Ascendas Funds Management, a unit… Read More>>

wilson leung Angelo Gordon

Angelo Gordon Buys SG Office Tower From Keppel REIT for S$548M

2019/10/01 by Michael Cole Leave a Comment

Less than one month after closing on $1.3 billion in fresh cash for its latest Asia real estate fund, US private equity firm has agreed to purchase an office complex in Singapore.

The New York based fund manager has signed… Read More>>

sebastian gunningham

WeWork Formally Cancels IPO as Layoffs, Cost Cuts Loom

2019/10/01 by Michael Cole Leave a Comment

WeWork’s planned IPO won’t work, appears to be the decision of the shared office giant’s new leadership, which announced late Monday that the We Company was withdrawing its application for an initial public offering.

“We have decided to postpone our… Read More>>

hong kong housing

Hong Kong Home Prices Fall 1.4% in August and More Asia Real Estate Headlines

2019/10/01 by Michael Cole Leave a Comment

The struggles of Asia’s wealthiest city continue to dominate real estate news from around the region today as home prices in Hong Kong fell by 1.4 percent in August – their fastest decline of 2019. The performance by the Greater… Read More>>

Tokyo Skyline

Straits Trading Agrees to Acquire Trio of Tokyo Buildings and More Asia Real Estate Headlines

2019/09/28 by Michael Cole Leave a Comment

Singapore’s hunger for overseas property leads Mingtiandi’s roundup of real estate headlines today as one of the city state’s most active private investment firms has agreed to buy a set of three buildings in Tokyo.

Hong Kong’s ongoing struggles also… Read More>>

adam neumann tb

WeWork’s Neumann Out as CEO After IPO Disaster

2019/09/25 by Michael Cole Leave a Comment

“Never settle,” is reportedly the first inspiring slogan to adorn the walls at WeWork, a company which CEO Adam Neumann, built into an empire spanning 111 cities.

Now the entrepreneur hailed as a visionary as the We Company prepared for… Read More>>

adam neumann-tb

Softbank Said Joining Board Mutiny Against WeWork CEO

2019/09/23 by Michael Cole 1 Comment

After the parent company of WeWork failed in its attempt to launch an IPO this month and the startup’s valuation was reported to slide by as much as 75 percent, Japan’s Softbank is now reported to have joined a shareholder… Read More>>

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