Anbang Insurance Group is reportedly looking to sell off the Strategic Hotels & Resorts portfolio of 15 luxury hotels it picked up two years ago for $5.5 billion, according to the Wall Street Journal. If the company finds a buyer,… Read More>>
Asia Real Estate People in the News 2018-08-20
Asia’s community of property pros continues to be on the move in August with a Hong Kong real estate fund manager claiming back one of its former team members, and an industrial developer dipping into the brokerage talent pool as… Read More>>
Champion REIT Reaches Records as Rental Income Jumps 10.1%
Champion REIT, the owner of Three Garden Road in Central and Langham Place in Mongkok, achieved record distribution income of HK$812 million ($104 million), in the first half of 2018, according to results released last week by the manager of… Read More>>
Sydney Casino Backed by Chow Tai Fook, FEC Files for $365M Ritz-Carlton Tower
An A$500 million ($365 million) hotel and condo project in Sydney backed by two of Hong Kong’s wealthiest families filed plans last week for a 61-storey tower incorporating the city’s only Ritz-Carlton hotel, as casino operator Star Entertainment Group expands a… Read More>>
Greenland Grabs $310M Loan for Metropolis Complex in LA
Greenland USA faces an uncertain future in California, but that hasn’t stopped the US arm of Chinese developer Greenland Group from bagging a $310 million construction loan to finish off the third phase of a $1 billion complex in downtown… Read More>>
Poly Property Wins Kowloon Residential Project for HK$3.3B
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the southeastern end of Kowloon.
Poly Property, China’s fourth… Read More>>
CapitaLand-CDL JV Buys 3.7 Hectare Singapore Site for $566M
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern Singapore with a bid of S$777.78 million ($566 million), according to announcements by the two companies.
In their first cooperation since 2007,… Read More>>
Alpha Said in Talks to Sell Seoul Tower for $885M and More Asia Real Estate Headlines
Singapore’s Alpha Investment Partners leads our collection of Asia real estate news as the private fund management division of Keppel Corp shops a Seoul office tower at a reported $885 million price tag. Also getting some ink is the return… Read More>>
Three Directors of Shenzhen Developer Arrested in Kingkey-Led Takeover
Three officers of developer Shenzhen Kondarl Group have been detained by Shenzhen police within the last week, according to announcements by the Shenzhen-listed real estate firm, following a five year conflict between the company’s founder and its second-largest shareholder, Kingkey… Read More>>
HNA Said to Sell Hainan Site to Sunac for $125M
HNA’s sales of European and US assets have been grabbing headlines internationally, but the indebted Chinese conglomerate is also selling assets closer to home, including this week selling the site of its former corporate headquarters, according to accounts in the… Read More>>
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