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Yang Guoqiang Country Garden

China’s Country Garden Misses Bond Payments Amid Cash Crunch

Yang Guoqiang Country Garden

2023/08/09 by Michael Cole Leave a Comment

Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by sales closer to formal default and raising the spectre of a fresh round of failures in the mainland’s property industry.

The Foshan-based… Read More>>

Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by … Read more>>>

Liu Haibo Wanda featured

Wanda Vice President Detained by Police Over Reported Corruption

Liu Haibo Wanda featured

2023/08/09 by Michael Cole Leave a Comment

China’s Dalian Wanda Group is facing a new challenge this week as a senior vice president with the country’s largest commercial developer has been taken away by police in what is said to be a corruption case.

Sources at Wanda… Read More>>

China’s Dalian Wanda Group is facing a new challenge this week as a senior vice president with the country’s largest … Read more>>>

masayoshi son

WeWork Declares Doubts on Ability to Continue as Going Concern

masayoshi son

2023/08/09 by Mingtiandi Team Leave a Comment

WeWork, the flexible office operator which once promised to “elevate the world’s consciousness,  in its second quarter earnings report on Tuesday declared “substantial doubt” regarding the company’s ability to continue operating amid ongoing losses and declining membership.

While WeWork trimmed… Read More>>

WeWork, the flexible office operator which once promised to “elevate the world’s consciousness,  in its second quarter … Read more>>>

stephen schwarzman tb

GIC, ADIA Said in Talks Over Blackstone India Assets and More Asia Real Estate Headlines

stephen schwarzman tb

2023/08/09 by Michael Cole Leave a Comment

Sovereign funds lead today’s roundup of real estate headlines from around the region as Blackstone is said to be in talks with potential buyers for some of the firm’s India holdings. Also making the news, Asia’s richest man sells his… Read More>>

Sovereign funds lead today’s roundup of real estate headlines from around the region as Blackstone is said to be in … Read more>>>

Goldin Financial Global Centre 1

PAG Confirms $1.8B Fund as Largest APAC Core-Plus/Value-Add Vehicle This Year

Goldin Financial Global Centre 1

2023/08/08 by Michael Cole Leave a Comment

PAG Real Assets on Tuesday confirmed its $1.8 billion final closing on its PAG Real Estate Partners Fund III (PREP III), with the real estate and digital infrastructure division of one of the region’s largest private equity firms declaring a… Read More>>

PAG Real Assets on Tuesday confirmed its $1.8 billion final closing on its PAG Real Estate Partners Fund III (PREP III), … Read more>>>

Andrew Chan, Managing Director, Head of Valuation and Advisory Services, Greater China, Cushman & Wakefield

China Jumps to Fourth Spot Among Asian REIT Markets as Mainland Listings Grow

Andrew Chan, Managing Director, Head of Valuation and Advisory Services, Greater China, Cushman & Wakefield

2023/08/08 by Beatrice Laforga Leave a Comment

Mainland China’s pilot infrastructure REIT program grew by 80 percent in value during 2022, propelling the economic giant to the fourth spot among real estate investment trust markets in Asia as many of the region’s more development markets saw steep… Read More>>

Mainland China’s pilot infrastructure REIT program grew by 80 percent in value during 2022, propelling the economic … Read more>>>

Stephen Ng Tin-hoi, chairman of Wharf REIC

Wharf Real Estate Investment Rebounds to $228M Profit After Hong Kong Reopens

Stephen Ng Tin-hoi, chairman of Wharf REIC

2023/08/08 by Kaycee Valmonte Leave a Comment

Wharf Real Estate Investment Company recorded a net profit of HK$1.78 billion (US$227.92 million) in the first six months of 2023, a turnaround from a HK$1.53-billion loss a year ago as Hong Kong’s reopening has brought back big-spending tourists.

In… Read More>>

Wharf Real Estate Investment Company recorded a net profit of HK$1.78 billion (US$227.92 million) in the first six … Read more>>>

pdg indonesia

PDG Unveils Green Energy Deal for Indonesia Data Centre and More Asia Real Estate Headlines

pdg indonesia

2023/08/08 by Michael Cole Leave a Comment

Green energy in Indonesia leads today’s collection of regional real estate headlines as a Warburg Pincus-backed data centre operator continues to expand in Southeast Asia’s most populous nation. Also in the news, the Chinese owners of Global Switch may need… Read More>>

Green energy in Indonesia leads today’s collection of regional real estate headlines as a Warburg Pincus-backed data … Read more>>>

44 Market Street Sydney

PAG Completes $258M Sydney Office Buy, Hits $1.8B Close on Core-Plus/Value-Add Fund

44 Market Street Sydney

2023/08/07 by Michael Cole Leave a Comment

PAG has acquired an office tower in central Sydney for A$393.1 million ($257.8 million), with the Asian private equity major taking advantage of a downturn in the Aussie market to pick up the property at a discount.

The Hong Kong… Read More>>

PAG has acquired an office tower in central Sydney for A$393.1 million ($257.8 million), with the Asian private equity … Read more>>>

Rendering of Lakegarden Residences

Wing Tai Sells Just 23% of Available Homes at Singapore Condo Project Debut

Rendering of Lakegarden Residences

2023/08/07 by Beatrice Laforga Leave a Comment

Wing Tai Holdings sold 23 percent of its upcoming condo project in Singapore’s suburban Jurong district during its launch weekend, a modest take-up for the developer which warned late last week of lower profits in its latest financial year.

The… Read More>>

Wing Tai Holdings sold 23 percent of its upcoming condo project in Singapore’s suburban Jurong district during its … Read more>>>

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