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Li Ka-Shing’s CK Asset to Buy British Pub Group in £4.6B Deal 

2019/08/20 by James Hatton Leave a Comment

CK Asset Holdings, which is chaired by the son of Hong Kong’s richest man Li Ka-shing, has reached an agreement to buy British brewery Greene King plc in a deal worth £4.6 billion (HK$43.6 billion), according to a stock exchange… Read More>>

CK Asset Holdings, which is chaired by the son of Hong Kong’s richest man Li Ka-shing, has reached an agreement to buy … Read more>>>

feng quanlin

Alibaba’s Red Star Macalline Launches Property Agency in Shanghai

feng quanlin

2019/08/20 by Michael Cole 1 Comment

Red Star Macalline Holding, which develops and operates China’s largest chain of home furnishing malls, is launching its own real estate agency, the president of the newly launched brokerage announced on Monday, according to local media reports.

Famous for its… Read More>>

Red Star Macalline Holding, which develops and operates China’s largest chain of home furnishing malls, is launching its … Read more>>>

Lee Kok Sun GIC

GIC Buys 25% of A$4.3B Sydney Office Fund From Lendlease, CPPIB

Lee Kok Sun GIC

2019/08/20 by James Hatton Leave a Comment

GIC is acquiring just over a quarter stake in a A$4.3 billion ($2.9 billion) Sydney office fund from Australia’s Lendlease and Canada’s CPPIB, according to an announcement by the Singapore sovereign wealth fund.

The purchase gives the Singaporean sovereign wealth… Read More>>

GIC is acquiring just over a quarter stake in a A$4.3 billion ($2.9 billion) Sydney office fund from Australia's … Read more>>>

Rushabh Desai

Allianz, APG Invest $150M Each in Godrej India Office Development Platform 

Rushabh Desai

2019/08/13 by James Hatton Leave a Comment

The property investment arm of Allianz Insurance has committed $150 million to an office development platform in India set up by conglomerate Godrej Group, according to an announcement by the European insurer.

The joint venture, which is to be managed… Read More>>

The property investment arm of Allianz Insurance has committed $150 million to an office development platform in India … Read more>>>

Evergrande Profit Falls 49% in 2019 1H as Car Unit Loses RMB 2B

2019/08/12 by James Hatton Leave a Comment

China’s third-largest developer by sales, China Evergrande Group, has warned shareholders of falling profits for the first half of the year, according to an alert filed with the Hong Kong stock exchange last Friday.

The Shenzhen-based real estate giant told… Read More>>

China’s third-largest developer by sales, China Evergrande Group, has warned shareholders of falling profits for the … Read more>>>

Lejia apartment

Mainland Rental Housing Operator Lejia Defaults on Debts, Shuts Down

Lejia apartment

2019/08/10 by Jan Kot Leave a Comment

Mainland rental housing operator Lejia ended weeks of speculation by announcing through the company’s official WeChat account this past week that it has “ceased operation, closed down all business, and let go of most of its staff.”

Three-year-old Lejia, which… Read More>>

Mainland rental housing operator Lejia ended weeks of speculation by announcing through the company’s official WeChat … Read more>>>

Chelsfield, Pamfleet Team Up to Buy SH Offices From Sino-Ocean for RMB 1.5B

2019/08/08 by James Hatton Leave a Comment

UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office buildings in Shanghai for a consideration of RMB 1.5 billion ($210 million), according to an announcement to the… Read More>>

UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office … Read more>>>

Savills Blames Brexit and HK Protests for 12% Drop in Profits

2019/08/08 by James Hatton Leave a Comment

Savills has posted a half-year drop in group underlying profit of 12 percent in constant currency terms to £38.4 million, blaming Brexit and political unrest in Hong Kong, according to a stock exchange announcement.

Group underlying profit for Asia Pacific… Read More>>

Savills has posted a half-year drop in group underlying profit of 12 percent in constant currency terms to £38.4 … Read more>>>

payson cha

Hanison Confirms Talks to Buy HK Hotel From CapitaLand at Reported HK$800M

payson cha

2019/08/07 by Jan Kot Leave a Comment

Despite growing uncertainty over the US-China trade war and increasingly violent protests in Hong Kong, a real estate developer controlled by one of the city’s wealthiest families has been actively buying and selling assets.

Hanison Construction Holdings said in a… Read More>>

Despite growing uncertainty over the US-China trade war and increasingly violent protests in Hong Kong, a real estate … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Said Buying Out Indiabulls Office Portfolio for INR 48B

Stephen Schwarzman Blackstone

2019/08/06 by James Hatton Leave a Comment

Blackstone is said to be within a few weeks of taking full control of Indiabulls Real Estate Limited’s office portfolio, according to people with direct knowledge of the matter cited by India’s Economic Times.

The deal will see Blackstone acquiring… Read More>>

Blackstone is said to be within a few weeks of taking full control of Indiabulls Real Estate Limited’s office portfolio, … Read more>>>

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