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HNA_chen-feng

HNA Cancels RMB 1.3B Sale of Beijing Office Building to Vanke

HNA_chen-feng

2018/10/16 by Emma Zhou Leave a Comment

Financially troubled HNA Group on Tuesday announced to the Shanghai Exchange that its shareholders have rejected a RMB 1.3 billion ($190 million) deal to sell a Beijing office tower to China Vanke, which the two companies had agreed to in… Read More>>

Financially troubled HNA Group on Tuesday announced to the Shanghai Exchange that its shareholders have rejected a RMB … Read more>>>

Zhu MengYi Hopson

Mainland Developer Hopson Buys a Floor in The Center for HK$1.1B

Zhu MengYi Hopson

2018/10/16 by Jan Kot Leave a Comment

Hong Kong-listed builder Hopson Development announced last week that it has become the latest mainland buyer of a floor in the Center, a premium office property located in Hong Kong’s Central business district.

The Guangdong-based builder is paying approximately HK$1.1 billion… Read More>>

Hong Kong-listed builder Hopson Development announced last week that it has become the latest mainland buyer of a floor … Read more>>>

Rush Desai of Allianz

Allianz Investing $175M in KaiLong Greater China Real Estate Fund

Rush Desai of Allianz

2018/10/15 by Jan Kot Leave a Comment

Global insurance giant Allianz is committing an estimated $175 million to a commercial real estate investment fund targetting opportunities in China, managed by Warburg Pincus-backed KaiLong Group.

Allianz announced on Monday that it is taking a 35 percent share in… Read More>>

Global insurance giant Allianz is committing an estimated $175 million to a commercial real estate investment fund … Read more>>>

Chen Si Lang Atlas

Goldman-Backed Co-Working Startup Atlas Valued at $871M in Latest Funding Round

Chen Si Lang Atlas

2018/10/15 by Emma Zhou Leave a Comment

Goldman Sachs-backed co-working provider Atlas on Friday announced that it has completed a new round of financing which values the Guangzhou-based firm at HK$6.8 billion ($871 million) following completion of the investment.

The flexible workplace provider founded by Chen Sze… Read More>>

Goldman Sachs-backed co-working provider Atlas on Friday announced that it has completed a new round of financing which … Read more>>>

Xiaozhu Chi Chen

Airbnb’s Chinese Rival Xiaozhu Raises $300M From Jack Ma’s Yunfeng Capital

Xiaozhu Chi Chen

2018/10/12 by Jan Kot Leave a Comment

Xiaozhu, China’s answer to Airbnb, announced on Wednesday that it has raised $300 million from investors led by Jack Ma’s Yunfeng Capital, boosting its financial muscle to better compete with local rivals and US giant Airbnb for a slice of… Read More>>

Xiaozhu, China’s answer to Airbnb, announced on Wednesday that it has raised $300 million from investors led by Jack … Read more>>>

Chen Feng HNA

HNA Shopping $11B in Properties as Cash Crisis Continues

Chen Feng HNA

2018/10/10 by Jan Kot 1 Comment

Troubled Chinese conglomerate HNA Group has put on the market property assets said to be worth up to $11 billion in its latest move to steady the ship, according to a Reuters account.

HNA has provided lists containing some 82… Read More>>

Troubled Chinese conglomerate HNA Group has put on the market property assets said to be worth up to $11 billion in its … Read more>>>

Jia Yueting LeEco

Evergrande’s $2B Investment in Faraday May Have a Limited Future

Jia Yueting LeEco

2018/10/10 by Emma Zhou Leave a Comment

After enjoying a four month honeymoon following China Evergrande’s June decision to invest $2 billion in his Faraday Future electric car startup, mercurial mainland entrepreneur Jia Yueting is ready to call it quits with his latest white knight.

Evergrande Health,… Read More>>

After enjoying a four month honeymoon following China Evergrande’s June decision to invest $2 billion in his Faraday … Read more>>>

Shang Sin Chun Tong temple

Taoist Temple Takes Over Short-Time Hotel in Hong Kong’s Kowloon East

Shang Sin Chun Tong temple

2018/10/08 by Amie Cheng Leave a Comment

While analysts fret over the future of Hong Kong, there are signs that religion may be on the rise and vice in decline in the city after a Taoist temple in Kowloon East bought out a neighbouring short-time hotel.

The… Read More>>

While analysts fret over the future of Hong Kong, there are signs that religion may be on the rise and vice in decline … Read more>>>

goodwin gaw

Blackstone Agrees to Buy SF Office Complex From Gaw for $245M

goodwin gaw

2018/10/07 by Michael Cole Leave a Comment

Gaw Capital is selling a San Francisco office complex that covers three city blocks to Blackstone for $245 million, according to loan application documents filed by Blackstone in the US.

Stephen Schwarzman’s New York-based firm has signed an agreement to… Read More>>

Gaw Capital is selling a San Francisco office complex that covers three city blocks to Blackstone for $245 million, … Read more>>>

Lee Shau-Kee Henderson

Henderson Land Gets $930M Offer for Office Building in HK’s Central

Lee Shau-Kee Henderson

2018/10/05 by Emma Zhou Leave a Comment

Henderson Land Development has reportedly received a HK$7.3 billion ($930 million) offer from an undisclosed financial group for the FWD Financial Centre, a grade A office building at the western fringe of the city’s Central district, according to a source… Read More>>

Henderson Land Development has reportedly received a HK$7.3 billion ($930 million) offer from an undisclosed financial … Read more>>>

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