Anbang Insurance, the Chinese company that burst on stage in late 2014 with its $1.95 billion acquisition of the Waldorf Astoria, is headed for a Hong Kong stock market listing as early as the middle of next year. While the… Read More>>
Rushabh Desai Named Head of Asia Pacific at Allianz Real Estate
European heavyweight Allianz Real Estate has hired Rushabh (Rush) Desai to head its Asia Pacific business, where the long-time General Electric executive will be reunited with his former boss Francois Trausch, who now runs Allianz Real Estate globally.
Desai joins… Read More>>
China’s SOEs Push Aside HK Tycoons and More Asia Real Estate Headlines
The four families that control much of Hong Kong’s property market could soon be pushed aside by faceless mainland conglomerates as a buying spree by state-run enterprises continues to reshape the Asian financial hub. In other news, Wanda boss Wang… Read More>>
Knight Frank Chooses Bernard Ong to Head Beijing Office
Knight Frank has named agency veteran Bernard Ong to run its Beijing office as well as serving as head of project management for China. The senior hire is the third top level addition to Knight Frank’s China team in the… Read More>>
Xiamen China’s Latest City to Restrict Home Sales and More Asia Real Estate Headlines
Home purchase restrictions are back in fashion in China as cities try to put the brakes on the property roller coaster. Also in the news, Singapore’s CapitaLand Group has begun managing other people’s malls in China, and Xu Jiayin’s Evergrande… Read More>>
China Evergrande Profit Tumbles 23% and More China Real Estate Headlines
Aggressive bets by China Evergrande helped the top five developer watch its profits slow by nearly a quarter during the first half of this year, while the Wall Street Journal discovers that Chinese developers have discovered America. Meanwhile, Chinese banks… Read More>>
Wang Jianlin Shares Lessons on How to Be a Tycoon and More Asia Real Estate Headlines
Wang Jianlin’s life advice on how to become a billionaire have gone viral on Chinese social media this week, while more mainlanders get creative in finding ways to borrow more money to buy homes, and there are many more stories… Read More>>
Asia Real Estate People in the News 2016-08-29
Summer is nearly over, and many of Asia’s real estate professionals are going back to work at a new desk after the summer holidays. This week, China’s richest man loses a team member to a cross-border private equity shop, a… Read More>>
Wanda Expects Culture Revenues to Rise 30% in 2016 and More Asia Real Estate Headlines
China’s richest man has high hopes for his company’s investments in cinema, sports and theme parks, with Wang Jianlin predicting that revenues from Dalian Wanda’s cultural division will rise 30 percent this year. One of Canada’s biggest investors, however, is… Read More>>
Christian Ulbrich Takes Over From Colin Dyer as JLL Global CEO
JLL announced today that Christian Ulbrich, who has been the property consultancy’s president since June, will also assume the position of Chief Executive Officer effective October 1, 2016. Ulbrich succeeds Colin Dyer, who will retire from JLL at the end… Read More>>
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