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Kwek Leng Beng

CDL Affiliate First Sponsor Buys Dresden Hotel for €49.5M

Kwek Leng Beng

2019/02/24 by Jesus Alcocer Leave a Comment

Singapore-listed hotel investment firm First Sponsor late last week announced the acquisition of the Westin Bellevue Hotel in Dresden, Germany for €49.5 million ($55 million), a purchase which adds to the close to €400 million the CDL Group affiliate has… Read More>>

Singapore-listed hotel investment firm First Sponsor late last week announced the acquisition of the Westin Bellevue … Read more>>>

Greg Peng Cindat

HNA Said Selling Pair of London Buildings to Cindat at Half-Price

Greg Peng Cindat

2019/02/21 by Jesus Alcocer Leave a Comment

HNA Group is in advanced talks to sell the Reuters building in London for £135 million ($176 million), according to a report published yesterday by Bloomberg.

Should the deal be consummated, the insolvent mainland conglomerate would be selling 30 South… Read More>>

HNA Group is in advanced talks to sell the Reuters building in London for £135 million ($176 million), according to a … Read more>>>

Stephen Riady

Singapore’s OUE Puts LA Tower on the Market for $700M

Stephen Riady

2019/02/09 by Jesus Alcocer Leave a Comment

The US division of Singaporean developer OUE has put US Bank Tower, the second tallest building in Los Angeles, on the market for a reported $700 million in a deal which, if concluded at the asking rate, would be the… Read More>>

The US division of Singaporean developer OUE has put US Bank Tower, the second tallest building in Los Angeles, on the … Read more>>>

thomas feng oceanwide

China Oceanwide Halts Construction on $1B Los Angeles Project

thomas feng oceanwide

2019/01/26 by Michael Cole 2 Comments

Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was previously scheduled to be completed this year, according to an account in the Los Angeles Times, citing a statement by the Beijing-based… Read More>>

Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was … Read more>>>

zhang yuliang greenland

Greenland, Oceanwide and Hazens Named in FBI Probe of LA Real Estate Deals

zhang yuliang greenland

2019/01/19 by Michael Cole Leave a Comment

Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible bribery, kickbacks, extortion, and money laundering related to property deals in southern California’s largest city, according to a document seen… Read More>>

Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible … Read more>>>

Chen Feng HNA

HNA Confirms Sale of NYC Tower at $41M Loss

Chen Feng HNA

2019/01/09 by Michael Cole Leave a Comment

HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially hobbled mainland conglomerate races to sell assets and raise cash.

The parent company of China’s Hainan Airlines said that it had… Read More>>

HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially hobbled … Read more>>>

Tan Juay Hiang, CEO of Ascendas Hospitality Trust

Ascendas Hospitality Trust Buys Second Seoul Hotel for $69M

Tan Juay Hiang, CEO of Ascendas Hospitality Trust

2018/12/02 by Jan Kot Leave a Comment

Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.

The trust, which already owns a… Read More>>

Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has … Read more>>>

Cheng Wai Keung

Wing Tai Buys Commerzbank’s London HQ for $591M

Cheng Wai Keung

2018/11/26 by Jan Kot Leave a Comment

Wing Tai Properties has entered a 50:50 joint venture with Hong Kong-based Manhattan Garment Holdings to buy a landmark commercial complex in London for £460 million ($591.1 million), according to a filing with the Hong Kong stock exchange on November… Read More>>

Wing Tai Properties has entered a 50:50 joint venture with Hong Kong-based Manhattan Garment Holdings to buy a landmark … Read more>>>

Wu XIaohui

Anbang Insurance Said Exploring Sale of C$1B Vancouver Office Complex

Wu XIaohui

2018/11/26 by Emma Zhou Leave a Comment

China’s scandal-racked Anbang Insurance is reportedly preparing to sell a Vancouver office complex which it purchased for over C$1 billion ($730 million) in 2016 as the Beijing-based insurer continues to unwind its overseas holdings.

Anbang is currently in talks with… Read More>>

China’s scandal-racked Anbang Insurance is reportedly preparing to sell a Vancouver office complex which it purchased … Read more>>>

Wanda Sells One Beverly Hills Project for a Reported $420M

2018/11/18 by Jan Kot Leave a Comment

Chinese billionaire Wang Jianlin has added a new chapter to the unwinding of his plans for a global real estate empire as reports last week confirmed that his Dalian Wanda Group had sold a prime Los Angeles site that was… Read More>>

Chinese billionaire Wang Jianlin has added a new chapter to the unwinding of his plans for a global real estate empire … Read more>>>

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