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Wilson Chen, Tishman Speyer China CEO

Tishman Speyer Fund Buying Shanghai Holiday Inn Express for $50M

Wilson Chen, Tishman Speyer China CEO

2024/01/08 by Kevin He Leave a Comment

An investment fund managed by Manhattan-based developer and investor Tishman Speyer has agreed to acquire a majority stake in a hotel in northeastern Shanghai’s Yangpu district, with the property set to be renovated into serviced apartments operated by Singapore’s Frasers… Read More>>

An investment fund managed by Manhattan-based developer and investor Tishman Speyer has agreed to acquire a majority … Read more>>>

Sanghwoi Bae, CEO of ESR Kendall Square REIT

ESR Kendall Square REIT Eyes Disposals as Korea Logistics Market Matures

Sanghwoi Bae, CEO of ESR Kendall Square REIT

2024/01/08 by Kevin He Leave a Comment

Korean real estate investment trust ESR Kendall Square REIT has identified up to five assets for potential sale this year as Korea’s industrial property market begins to normalise following a surge in supply during the pandemic, according to EKSR chief… Read More>>

Korean real estate investment trust ESR Kendall Square REIT has identified up to five assets for potential sale this … Read more>>>

Liu Yongzhuo Evergrande

Evergrande NEV Director Arrested for ‘Illegal Crimes’ After Share Deal Collapse

Liu Yongzhuo Evergrande

2024/01/08 by Christopher Caillavet Leave a Comment

The spectre of “illegal crimes” haunts China Evergrande once again, with authorities reportedly detaining an executive director of the troubled developer’s electric car unit.

Evergrande New Energy Vehicle “has learned that its executive director Mr Liu Yongzhuo has been detained… Read More>>

The spectre of “illegal crimes” haunts China Evergrande once again, with authorities reportedly detaining an executive … Read more>>>

HSBC AM Promotes Michael Cross to Chief Investment Officer for Asia

2024/01/08 by Christopher Caillavet Leave a Comment

HSBC Asset Management has promoted Michael Cross to chief investment officer for Asia, with the longtime executive shifting from London to the UK finance giant’s Hong Kong office.

The new role is an expansion of Cross’s continuing commitment as global… Read More>>

HSBC Asset Management has promoted Michael Cross to chief investment officer for Asia, with the longtime executive … Read more>>>

Chinese Shadow Bank Zhongzhi Files for Bankruptcy and More Asia Real Estate Headlines

2024/01/08 by Ponrath Sopannarath Leave a Comment

Chinese shadow banking giant Zhongzhi Enterprise Group, which owes creditors over $64 billion and has been a top lender to the real estate industry, has filed for bankruptcy, with that story leading Mingtiandi’s headline roundup today. Also making the list,… Read More>>

Chinese shadow banking giant Zhongzhi Enterprise Group, which owes creditors over $64 billion and has been a top lender … Read more>>>

Zou Jun H World

Asia Real Estate People in the News 2024-01-08

Zou Jun H World

2024/01/08 by Michael Cole Leave a Comment

Board moves at a pair of mainland China giants lead Mingtiandi’s roundup of personnel moves this week with the country’s biggest hotel operator named a new finance boss and CITIC adding a Huarong executive to its board. Also in the… Read More>>

Board moves at a pair of mainland China giants lead Mingtiandi’s roundup of personnel moves this week with the country’s … Read more>>>

Beh Siew Kim of Ascott

Gaw Capital Sells Singapore’s Hotel G to CapitaLand’s Ascott for $180M

Beh Siew Kim of Ascott

2024/01/07 by Michael Cole Leave a Comment

Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, according to corporate records filed with local authorities.

A special purpose vehicle which holds the 308-key budget hostelry now lists… Read More>>

Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, … Read more>>>

Namgoong Hoon Mastern

Mastern Sells Seoul Office Tower to Apparel Giant for $261M

Namgoong Hoon Mastern

2024/01/07 by Poonyapat Luenam Leave a Comment

Korea’s Mastern Investment Management sold a nearly-completed office building in Seoul’s Gangnam business district late last month as Korea’s office market continues to defy a global slowdown.

The real estate fund manager, which manages over 150 assets worldwide, announced in… Read More>>

Korea’s Mastern Investment Management sold a nearly-completed office building in Seoul’s Gangnam business district late … Read more>>>

Orchard Towers

Teo Ho Beng Regains Hiap Hoe Chairmanship as Son Promoted to CEO

Orchard Towers

2024/01/05 by Christopher Caillavet Leave a Comment

The third generation is on the rise at Singapore’s Hiap Hoe, with former chairman Teo Ho Beng retaking the top board spot at the real estate firm after a nearly seven-year interval as his son Marc Teo succeeds him as… Read More>>

The third generation is on the rise at Singapore's Hiap Hoe, with former chairman Teo Ho Beng retaking the top board … Read more>>>

Bernadette Linn Hong Kong

Hong Kong Suspends Government Land Sales in Q1 as Developer Demand Dries Up

Bernadette Linn Hong Kong

2024/01/05 by Christopher Caillavet Leave a Comment

Hong Kong has paused government sales of commercial and residential land for the first quarter of this year because of weak demand from developers after a string of lacklustre tenders.

In the January-to-March period, which corresponds to the fourth quarter… Read More>>

Hong Kong has paused government sales of commercial and residential land for the first quarter of this year because of … Read more>>>

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