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WeWork Selling Off Stake in India Business for $144M and More Asia Real Estate Headlines

2024/04/23 by Ponrath Sopannarath Leave a Comment

Struggling to pay its bills globally, WeWork plans to sell its stake in its India business with that story leading Mingtiandi’s headline roundup today. Also making the list is EQT’s India data centre joint venture with Adani, which is close… Read More>>

Struggling to pay its bills globally, WeWork plans to sell its stake in its India business with that story leading … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Site Tender Triggered One Week After CDL-Mitsui Awarded Neighbouring Plot

URA chief executive officer Lim Eng Hwee

2024/04/22 by Beatrice Laforga Leave a Comment

Less than a week after a joint venture between City Developments Ltd and Mitsui Fudosan of Japan captured a residential project in Singapore’s upscale District 10 with a below-market bid, an unnamed developer has made an offer on an adjacent… Read More>>

Less than a week after a joint venture between City Developments Ltd and Mitsui Fudosan of Japan captured a residential … Read more>>>

PWC China

Hong Kong Accounting Watchdog Launches Probe of PwC Role at Evergrande

PWC China

2024/04/22 by Christopher Caillavet Leave a Comment

Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China Evergrande, with the inquiry coming on the heels of reports that mainland authorities are probing PwC’s role in dodgy bookkeeping at the bankrupt developer.

The Accounting… Read More>>

Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China … Read more>>>

Chen Hongtian of Cheung Kei

Banks Chase Cheung Kei Boss for $200M in Overdue Loan Payments

Chen Hongtian of Cheung Kei

2024/04/22 by Christopher Caillavet Leave a Comment

Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) in overdue loans and interest charges, according to a media account, as liquidators continue to market global properties linked to… Read More>>

Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) … Read more>>>

Michael Bowens_Headshot

Michael Bowens Joins CBRE in Singapore as Head of Industrial and Logistics for APAC

Michael Bowens_Headshot

2024/04/22 by Kevin He Leave a Comment

CBRE has appointed Michael Bowens as head of industrial and logistics for its Asia Pacific advisory and transaction services practice, according to a release by the consultancy on Monday.

Based in Singapore, Bowens is responsible for developing CBRE’s growth strategy… Read More>>

CBRE has appointed Michael Bowens as head of industrial and logistics for its Asia Pacific advisory and transaction … Read more>>>

Singapore Developer’s Adelaide Plans Under Fire and More Asia Real Estate Headlines

2024/04/22 by Ponrath Sopannarath Leave a Comment

Plans by Singapore developer Wee Hur to knock down a 171-year-old Adelaide hotel are the target of a local petition drive, with that story leading Mingtiandi’s real estate headlines from around the region today. A mainland developer financial failure also… Read More>>

Plans by Singapore developer Wee Hur to knock down a 171-year-old Adelaide hotel are the target of a local petition … Read more>>>

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing at the Kaisa Group Holdings Limited Annual Results Announcement 2016 Press Conference at the The Landmark Mandarin Oriental in Central

Asia Real Estate People in the News 2024-04-22

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing at the Kaisa Group Holdings Limited Annual Results Announcement 2016 Press Conference at the The Landmark Mandarin Oriental in Central

2024/04/22 by Michael Cole Leave a Comment

A fresh update from the head of Shenzhen’s Kaisa Group leads this week’s collection of personnel moves from around the region with the once-detained, twice-defaulted entrepreneur being named to the board of Kaisa’s property management unit. Also making the list… Read More>>

A fresh update from the head of Shenzhen’s Kaisa Group leads this week’s collection of personnel moves from around the … Read more>>>

Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines

2024/04/20 by Ponrath Sopannarath Leave a Comment

The challenges of what was once Asia’s hottest listed trust lead today’s roundup of real estate headlines, with Keppel DC REIT announcing a dip in distributions. Also in the news, CapitaLand’s largest commercial REIT reports higher distributions, and the holding… Read More>>

The challenges of what was once Asia’s hottest listed trust lead today’s roundup of real estate headlines, with Keppel … Read more>>>

Seoul Office Rents Grew 2.4% in Q1, Now Up 9.4% From March 2023

2024/04/20 by Poonyapat Luenam Leave a Comment

Seoul’s office market continues to defy a global slowdown as rents for workspace in the Korean capital climbed by 2.4 percent quarter-on-quarter in the first three months of the year, according to JLL.

Office tenants paid an average monthly rent… Read More>>

Seoul’s office market continues to defy a global slowdown as rents for workspace in the Korean capital climbed by 2.4 … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Net Profit Surges Nearly Tenfold in Q1 as Real Estate Business Rebounds

Stephen Schwarzman Blackstone

2024/04/20 by Kevin He Leave a Comment

Blackstone’s attributable net profit jumped nearly tenfold in the first quarter from a year earlier, as the private equity titan’s real estate business led its main strategies for growth in revenue, fee-related earnings and distributable earnings.

The world’s largest alternative… Read More>>

Blackstone’s attributable net profit jumped nearly tenfold in the first quarter from a year earlier, as the private … Read more>>>

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