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Louise Kavanagh - Nuveen

Nuveen Taps European Investors to Raise Further $213M for $2B Core APAC Fund

Louise Kavanagh - Nuveen

2021/09/06 by Christopher Caillavet Leave a Comment

Nuveen Real Estate has raised a further $213.5 million for its Asia Pacific Cities strategy, with the Chicago-based fund manager securing capital commitments from four European investors.

The platform, which focuses on high-quality assets in “future-proof cities”, has raised more… Read More>>

Nuveen Real Estate has raised a further $213.5 million for its Asia Pacific Cities strategy, with the Chicago-based fund … Read more>>>

China Vanke Net Profit Dips 11.7% in 2021 1H as Margins Decline, Development Slows

2021/08/30 by Christopher Caillavet Leave a Comment

China Vanke’s net profit for the first half of 2021 fell 11.7 percent year-on-year to RMB 11 billion ($1.7 billion in current terms), compared with 6 percent growth in the year-earlier period, as margins on booked development projects declined and… Read More>>

China Vanke’s net profit for the first half of 2021 fell 11.7 percent year-on-year to RMB 11 billion ($1.7 billion in … Read more>>>

hui ka yan4

Evergrande Profit Warning Drives Shares Down Another 7%

hui ka yan4

2021/08/26 by Christopher Caillavet Leave a Comment

Hong Kong-listed China Evergrande’s share price fell 7.2 percent Thursday after the cash-strapped developer issued a warning Wednesday night that the group’s first-half net profit would plunge somewhere between 29 and 39 percent from a year earlier.

In a filing… Read More>>

Hong Kong-listed China Evergrande’s share price fell 7.2 percent Thursday after the cash-strapped developer issued a … Read more>>>

China Evergrande Centre Wanchai

Evergrande Said Discussing $2B Sale of Wanchai HQ to Yuexiu Amid Govt Pressure

China Evergrande Centre Wanchai

2021/08/22 by Mingtiandi Team Leave a Comment

Embattled mainland developer China Evergrande Group is in talks to sell its largest single property asset for around $2 billion, according to sources familiar with the discussions who spoke with Mingtiandi.

Yuexiu Property, a branch of the local government of… Read More>>

Embattled mainland developer China Evergrande Group is in talks to sell its largest single property asset for around $2 … Read more>>>

chen feng HNA

HNA Bankruptcy Sale Continues with $71M Tender for Hong Kong Penthouse

chen feng HNA

2021/08/22 by Mingtiandi Team Leave a Comment

The creditors of bankrupt mainland conglomerate HNA Group took another step towards collecting on bad loans to the parent of China’s Hainan Airlines this past week as an apartment in Hong Kong’s Mid-Levels was put up for sale in what… Read More>>

The creditors of bankrupt mainland conglomerate HNA Group took another step towards collecting on bad loans to the … Read more>>>

Werner von Guionneau - infrared

ARA UK Affiliate to Buy InfraRed’s European Real Estate Business

Werner von Guionneau - infrared

2021/08/18 by Christopher Caillavet Leave a Comment

A London-based unit of Singapore’s ARA Asset Management plans to acquire InfraRed Capital Partners’ European real estate investment management business for an undisclosed amount.

Once completed, the purchase of InfraRed Real Estate, which has $1.4 billion in equity under management,… Read More>>

A London-based unit of Singapore’s ARA Asset Management plans to acquire InfraRed Capital Partners’ European real estate … Read more>>>

Xu Jiayin NPC

Evergrande Founder Steps Down as Chairman of Primary Mainland Unit

Xu Jiayin NPC

2021/08/17 by Christopher Caillavet Leave a Comment

Hong Kong-listed China Evergrande’s share price fell 4.3 percent Tuesday on news that the embattled developer’s chairman, Xu Jiayin, had stepped down from the chairmanship of Hengda Real Estate, the Shenzhen-based group’s main property unit in China.

Xu is no… Read More>>

Hong Kong-listed China Evergrande’s share price fell 4.3 percent Tuesday on news that the embattled developer’s … Read more>>>

cs-GuyBradley

Swire Properties Reports 49% Jump in Profit as Greater China Market Recovers

cs-GuyBradley

2021/08/12 by Michael Cole Leave a Comment

Real estate markets in Hong Kong and mainland China have begun to bounce back from the trauma of the COVID-19 pandemic, and that rebound is helping to drive encouraging results for one of the region’s largest commercial developers.

Swire Properties… Read More>>

Real estate markets in Hong Kong and mainland China have begun to bounce back from the trauma of the COVID-19 pandemic, … Read more>>>

evergrande ev tb

Evergrande Weighs Sale of Stake in Auto Unit After $740M H1 Loss

evergrande ev tb

2021/08/11 by Christopher Caillavet Leave a Comment

After China Evergrande New Energy Vehicle Group issued a warning this week that its first-half net loss was expected to nearly double from a year earlier, the car maker’s parent firm — debt-saddled developer China Evergrande — has confirmed that… Read More>>

After China Evergrande New Energy Vehicle Group issued a warning this week that its first-half net loss was expected to … Read more>>>

butterfly on prat

Hotel in Hong Kong’s Tsim Sha Tsui Said Sold to US Fund for $123M

butterfly on prat

2021/08/11 by Christopher Caillavet Leave a Comment

Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, has reportedly changed hands for HK$980 million ($123 million) as the local tourism collapse compels smaller lodging operators to sell their assets to redevelopment-minded investors.

Multiple market… Read More>>

Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, has reportedly changed hands for HK$980 million … Read more>>>

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