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mike-hagbeck Storhub

Warburg Pincus-Backed StorHub Expands Hong Kong Footprint with Kowloon Buy

mike-hagbeck Storhub

2022/10/16 by Iris Hong Leave a Comment

A Warburg Pincus-backed self-storage operator continues to expand its presence in Hong Kong with a Kowloon acquisition which marks its fourth reported purchase of new space in the city so far this year.

Storhub, which ranks as Singapore’s largest self-storage… Read More>>

A Warburg Pincus-backed self-storage operator continues to expand its presence in Hong Kong with a Kowloon acquisition … Read more>>>

WEAVE LIVING CEO Sachin Doshi tb

Weave Living in Talks to Add Two More Hong Kong Hotels Totalling 797 Rooms

WEAVE LIVING CEO Sachin Doshi tb

2022/10/13 by Pawara Laothamatas Leave a Comment

Weave Living is looking to expand its Hong Kong portfolio with a pair of Kowloon hotels to add to the four it has already bought so far in 2022.

The rental apartment start-up’s potential acquisitions of the Hotel Cozi Harbour… Read More>>

Weave Living is looking to expand its Hong Kong portfolio with a pair of Kowloon hotels to add to the four it has … Read more>>>

Lin Zhong, chairman of CIFI Holdings (Group); portrait photo taken in his office at One Pacific Place, Admiralty.

Shanghai’s CIFI Defaults on Offshore Bond Despite Government Support

Lin Zhong, chairman of CIFI Holdings (Group); portrait photo taken in his office at One Pacific Place, Admiralty.

2022/10/13 by Iris Hong Leave a Comment

CIFI Holdings said on Thursday that it has failed to make payments due on offshore debts, with creditors indicating that it defaulted on a payment on a HK$2.5 billion ($318 million) convertible bond due on 8 October.

A notice… Read More>>

CIFI Holdings said on Thursday that it has failed to make payments due on offshore debts, with creditors indicating that … Read more>>>

Alan Cheong, Alan Cheong, executive director for research at Savills

Price Record at Singapore’s Suntec City Broken for Third Time in Four Months

Alan Cheong, Alan Cheong, executive director for research at Savills

2022/10/12 by Beatrice Laforga Leave a Comment

Adding to the string of record-breaking deals in Singapore’s Suntec City, a Thai investor is reportedly purchasing the top floor of one of the commercial complex’s office towers for S$39.7 million ($27.6 million), an industry source confirmed to Mingtiandi.

Level… Read More>>

Adding to the string of record-breaking deals in Singapore’s Suntec City, a Thai investor is reportedly purchasing the … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

China Evergrande Seeks Extension for $293M Onshore Bond

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

2022/10/12 by Iris Hong Leave a Comment

China Evergrande Group will meet with holders of a RMB 2.1 billion (US$293 million) onshore bond this Thursday and Friday in a bid to extend the interest payment date by six months as the embattled property developer struggles to meet… Read More>>

China Evergrande Group will meet with holders of a RMB 2.1 billion (US$293 million) onshore bond this Thursday and … Read more>>>

Neil Anderson

Invesco Relocates to Jardine House in Central, UBS Moves Office to West Kowloon

Neil Anderson

2022/10/11 by Iris Hong Leave a Comment

US asset manager Invesco is shifting its Asia Pacific headquarters to Hongkong Land’s Jardine House and UBS will take an anchor space in Sun Hung Kai Properties’ West Kowloon rail terminal project as global financial giants align their corporate homes… Read More>>

US asset manager Invesco is shifting its Asia Pacific headquarters to Hongkong Land’s Jardine House and UBS will take an … Read more>>>

Henry Cheng

Chow Tai Fook, FEC-Backed Casino Operator Called Unfit to Operate $2.3B Brisbane Project

Henry Cheng

2022/10/11 by Pawara Laothamatas, Beatrice Laforga Leave a Comment

The operator of an A$3.6 billion ($2.3 billion) Brisbane casino project backed by Hong Kong heavyweights Chow Tai Fook Enterprises and Far East Consortium was found by an independent investigation to be unfit to run the controversial development.

A report… Read More>>

The operator of an A$3.6 billion ($2.3 billion) Brisbane casino project backed by Hong Kong heavyweights Chow Tai Fook … Read more>>>

Chio Kiat Ow Stamford Land

Singapore’s Stamford Land Selling Auckland Hotel to Alvarium Consortium for Record $94M

Chio Kiat Ow Stamford Land

2022/10/11 by Beatrice Laforga Leave a Comment

Stamford Land is making New Zealand’s biggest ever divestment of a single hospitality asset by selling its sole five-star hotel in Auckland to a consortium led by local hotel owner and operator CP Group for NZ$170 million ($94.28 million),

In… Read More>>

Stamford Land is making New Zealand’s biggest ever divestment of a single hospitality asset by selling its sole … Read more>>>

trương mỹ lan vtp

Vietnamese Tycoon Arrested for Swindling, Linked to Singapore’s Viva Land, CK Asset

trương mỹ lan vtp

2022/10/11 by Beatrice Laforga Leave a Comment

A Vietnamese tycoon linked to Singapore’s Viva Land, who has has partnered with Li Ka-Shing’s CK Asset, was arrested by police in Ho Chi Minh City on Saturday on charges of swindling investors out of trillions of Vietnamese dong. (VND… Read More>>

A Vietnamese tycoon linked to Singapore’s Viva Land, who has has partnered with Li Ka-Shing’s CK Asset, was arrested by … Read more>>>

Shimao Group Chairman Xu Rongmao

Shimao Hires Investigators to Probe Issues Raised by PwC Auditors

Shimao Group Chairman Xu Rongmao

2022/10/05 by Christopher Caillavet Leave a Comment

Troubled mainland developer Shimao Group has hired a fresh set of advisors to carry out an “independent investigation” into accounting issues raised by the company’s departed auditor, PricewaterhouseCoopers.

In addition to the probe to be conducted by RSM Corporate Advisory,… Read More>>

Troubled mainland developer Shimao Group has hired a fresh set of advisors to carry out an “independent investigation” … Read more>>>

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