Nine months after attempting to sell off a Cheung Sha Wan building by public tender, Hanison Construction surprised the market with the HK$800 million ($102 million) sale of a 50 percent stake in the PeakCastle commercial building in Hong Kong.
GIC was reported to be buying an office portfolio in Bangalore for $200 million earlier this week, and it appears that the Singaporean sovereign wealth fund is not the only investor betting on the continuing growth of the southern India… Read More>>
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
PGIM Real Estate saw its volume of Asia Pacific transactions double in 2017, as the real estate investment affiliate of Prudential Financial focused on major markets in Japan, Singapore and Australia to generate over $2 billion in deals.
The company… Read More>>
Singaporean developer CapitaLand plans to grow its total assets under management from the current S$88.8 billion ($67 billion) to around S$100 billion ($76 billion) by 2020, the company revealed in its latest financial results announcement.
The largest developer in Southeast… Read More>>
HNA Group is said to have missed loan payments to China CITIC Bank in December, but that reported financial stumble didn’t stop the state-owned lender from handing its struggling client a new RMB 20 billion ($3.2 billion) credit facility last… Read More>>
Hong Kong-based Phoenix Property Investors is reported to have invested HK$442 million ($56.5 million) to purchase commercial space in the lower floors of the V Heun Building in Central, according to an account in local newspaper Mingpao.
The latest reported… Read More>>
Country Garden’s status as China’s biggest developer by sales remains intact, after announcing a record RMB 69.16 billion ($11 billion) in new contracts in January, beating out mainland rivals China Evergrande and China Vanke.
The sales volume represents a 42… Read More>>
China has struck another blow in the battle for affordable housing, with the Shenzhen stock exchange giving the green light for developer Country Garden to launch RMB 10 billion ($1.6 billion) worth of asset-backed securities linked to rental apartments.
The… Read More>>
Dalian Wanda Group is selling a nearly 13 percent stake in its 500 domestic movie theatres to Alibaba Group and a state-backed firm for RMB 7.8 billion ($1.24 billion), as Wang Jianlin offloads another piece of his property-to-entertainment conglomerate.
Under… Read More>>