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China Vanke president and CEO Zhu Jiusheng (Getty Images)

Vanke CEO Arrested as Shenzhen Officials Take Charge of Developer: Reports

China Vanke president and CEO Zhu Jiusheng (Getty Images)

2025/01/18 by Christopher Caillavet Leave a Comment

China Vanke president and CEO Zhu Jiusheng was reportedly arrested Wednesday by public security authorities, with the troubled developer’s operations now said to be in the hands of Shenzhen government officials.

Zhu’s detention was the subject of online media accounts… Read More>>

China Vanke president and CEO Zhu Jiusheng was reportedly arrested Wednesday by public security authorities, with the … Read more>>>

Victor Tan, executive director and CEO of First REIT’s manager

CVC-Backed Hospital Chain Makes Offer for First REIT’s $599M in Indonesian Assets

Victor Tan, executive director and CEO of First REIT’s manager

2025/01/14 by Bianca Cuaresma Leave a Comment

A Singapore-listed healthcare REIT looks set to continue its shift toward Asia Pacific’s developed markets, with a potential deal on the way to sell 14 Indonesian hospitals  valued at S$820.5 million ($599.3 million) to its private equity-backed tenant.

OUE Ltd-… Read More>>

A Singapore-listed healthcare REIT looks set to continue its shift toward Asia Pacific’s developed markets, with a … Read more>>>

Open House Group president and CEO Masaaki Arai

Japan’s Open House to Take Over Builder Pressance With $390M Stake Buy

Open House Group president and CEO Masaaki Arai

2025/01/13 by Christopher Caillavet Leave a Comment

Tokyo-listed residential developer Open House Group has made a tender offer to acquire the 36.58 percent of shares it does not already own in Osaka-based builder Pressance Corp for JPY 60.7 billion ($390 million).

A cash consideration is to be… Read More>>

Tokyo-listed residential developer Open House Group has made a tender offer to acquire the 36.58 percent of shares it … Read more>>>

Hui Wing Mau Shimao

Shimao Cuts Asking Price for Sheraton Hotel Complex Near Hong Kong Airport by 30%

Hui Wing Mau Shimao

2025/01/13 by Christopher Caillavet Leave a Comment

Shimao Group is making a fresh attempt to sell a Sheraton hotel complex near Hong Kong International Airport, with market sources confirming to Mingtiandi that the defaulted developer is seeking HK$4.5 billion ($580 million) for the dual-branded property.

In 2023… Read More>>

Shimao Group is making a fresh attempt to sell a Sheraton hotel complex near Hong Kong International Airport, with … Read more>>>

Sun Hongbin of Sunac 1 (Getty Images)

Sunac Says Unable to Meet Debt Deadline in Wake of Fresh Wind-Up Petition by China Cinda

Sun Hongbin of Sunac 1 (Getty Images)

2025/01/11 by Christopher Caillavet, Michael Cole Leave a Comment

Sunac China Holdings on Thursday received a winding-up petition in Hong Kong’s High Court filed by state-owned “bad bank” China Cinda Asset Management, with the HKEX-listed developer indicating in a statement to the stock exchange late Friday that it will… Read More>>

Sunac China Holdings on Thursday received a winding-up petition in Hong Kong's High Court filed by state-owned “bad … Read more>>>

Yang Huiyan Country Garden

Country Garden Touts Plan to Cut $11.6B in Offshore Debt as Home Sales Evaporate

Yang Huiyan Country Garden

2025/01/11 by Christopher Caillavet Leave a Comment

China’s Country Garden Holdings on Thursday unveiled a restructuring plan aimed at cutting its offshore debt by up to $11.6 billion, but the troubled developer and its rivals have given little cause for confidence as their home sales continued to… Read More>>

China’s Country Garden Holdings on Thursday unveiled a restructuring plan aimed at cutting its offshore debt by up to … Read more>>>

WEE EE LIM UOL Group

Singapore’s UOL Completes $285M Sydney Office Investment as Market Revives

WEE EE LIM UOL Group

2025/01/11 by Bianca Cuaresma Leave a Comment

With office investment in Sydney’s central business district nearly doubling last year, SGX-listed UOL Group announced that it has completed its first transaction in the area, with the closing of an A$460 million ($285 million) acquisition from Canadian giant, Brookfield… Read More>>

With office investment in Sydney’s central business district nearly doubling last year, SGX-listed UOL Group announced … Read more>>>

Gordon Tang Singhaiyi

Gordon Tang Sweetens Buyout Bid for Suntec REIT After Investors Shun “Unattractive” Offer

Gordon Tang Singhaiyi

2025/01/09 by Bianca Cuaresma Leave a Comment

After a bid described by analysts as “unattractive” garnered less than a quarter of a percent acceptance, mysterious mainland investors Gordon and Celine Tang are raising their offer to buy out Singapore-listed Suntec REIT.

The Tangs, through their investment vehicle… Read More>>

After a bid described by analysts as "unattractive" garnered less than a quarter of a percent acceptance, mysterious … Read more>>>

Jase Auby Texas TRS

Texas Teachers’ Commitments to Real Estate Jump 61% in 2024 to $1.6B

Jase Auby Texas TRS

2025/01/09 by Christopher Caillavet Leave a Comment

The Teacher Retirement System of Texas committed $1.64 billion to private real estate funds in 2024, marking a 61 percent surge from the pension manager’s total commitment the year before.

The annual increase was due entirely to TRS’s December real… Read More>>

The Teacher Retirement System of Texas committed $1.64 billion to private real estate funds in 2024, marking a 61 … Read more>>>

Cheng Kar-Shun, NWD

Gloom Deepens for Hong Kong’s Cheng Family as Aussie Casino Operator Runs Low on Cash

Cheng Kar-Shun, NWD

2025/01/09 by Christopher Caillavet Leave a Comment

An Australian casino operator backed by the Cheng family controlling Hong Kong’s New World Development revealed Wednesday that its available cash fell 47 percent in the three months to 31 December, throwing doubt on its future as the company faces… Read More>>

An Australian casino operator backed by the Cheng family controlling Hong Kong's New World Development revealed … Read more>>>

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