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Alan Wu NWTN

Evergrande Sells $500M Stake in Electric Car Unit to Little-Known Startup

Alan Wu NWTN

2023/08/15 by Christopher Caillavet Leave a Comment

China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a little-known, Chinese-controlled car maker based in the United Arab Emirates for $500 million, as the electric car unit of… Read More>>

China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a … Read more>>>

Clementi Avenue 1

URA Launches Pair of Western Singapore GLS Sites to Supply 1,065 Homes

Clementi Avenue 1

2023/08/15 by Christopher Caillavet Leave a Comment

Singapore’s Urban Redevelopment Authority on Tuesday released two residential sites for sale in the city-state’s western region as officials aim to ramp up housing supply under the Government Land Sales Programme.

The plots at Clementi Avenue 1 and Pine Grove… Read More>>

Singapore’s Urban Redevelopment Authority on Tuesday released two residential sites for sale in the city-state’s western … Read more>>>

Kensington-Mumbai

Brookfield India REIT Hit With $3M Quarterly Loss and More Asia Real Estate Headlines

Kensington-Mumbai

2023/08/15 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Brookfield India REIT reports some red ink and China’s property investment slump deepens. Also on the list are Beijing’s new task force to examine risks at a large wealth manager and a pair… Read More>>

In today’s roundup of regional news headlines, Brookfield India REIT reports some red ink and China’s property … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak

Chen Hongtian of Cheung Kei

2023/08/14 by Michael Cole Leave a Comment

A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman Chen Hongtian on Monday launched a tender for his former mansion on Hong Kong’s Victoria Peak.

Savills formally kicked off… Read More>>

A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman … Read more>>>

Yang Guoqiang Country Garden

Country Garden Shares Hit All-Time Low After Developer Halts Onshore Bond Trading

Yang Guoqiang Country Garden

2023/08/14 by Kaycee Valmonte Leave a Comment

Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 onshore bonds beginning Monday, prompting investors to drive its shares to their lowest level since the company’s 2007 IPO.

Ranked as… Read More>>

Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 … Read more>>>

Bain Buying Back Data Centre Operator Chindata with Sweetened $3.2B Deal

2023/08/14 by Beatrice Laforga Leave a Comment

Chindata Group Holdings announced Friday that it is set to go private after the company’s board agreed to a sweetened $3.16 billion from Bain Capital, ending a bidding war between the US private equity titan and state-backed China Merchants Capital.

… Read More>>

Chindata Group Holdings announced Friday that it is set to go private after the company’s board agreed to a sweetened … Read more>>>

Justin Gabbani Lendlease

Asia Real Estate People in the News 2023-08-14

Justin Gabbani Lendlease

2023/08/14 by Michael Cole Leave a Comment

New leadership for Australian developer and fund manager Lendlease’s SGX-listed real estate investment trust leads this week’s collection of personnel updates around Asia, with top level moves at US fund manager AEW and the asset management affiliate of Germany’s Deutsche… Read More>>

New leadership for Australian developer and fund manager Lendlease’s SGX-listed real estate investment trust leads this … Read more>>>

Daisuke Kitta Blackstone

Blackstone Looks to Refill Japan Portfolio and More Asia Real Estate Headlines

Daisuke Kitta Blackstone

2023/08/14 by Michael Cole Leave a Comment

Japan leads today’s roundup of real estate headlines from around the region, with Blackstone talking up its recent series of disposals in Asia’s second-largest economy. Also in the news, SGX-listed Manulife US REIT will halt distributions for the first half… Read More>>

Japan leads today’s roundup of real estate headlines from around the region, with Blackstone talking up its recent … Read more>>>

Lee Chee Koon of CapitaLand Group

CapitaLand Investment Sees Profit Drop 19% in H1 as Deals Dwindle

Lee Chee Koon of CapitaLand Group

2023/08/13 by Beatrice Laforga Leave a Comment

CapitaLand Investment Ltd’s profit after tax and minority interests plunged 19 percent to S$351 million ($260 million) in the first half of the year from S$433 million a year ago as a slow market for asset trades translated into smaller… Read More>>

CapitaLand Investment Ltd’s profit after tax and minority interests plunged 19 percent to S$351 million ($260 million) … Read more>>>

Kwek Leng Beng

CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up

Kwek Leng Beng

2023/08/13 by Christopher Caillavet Leave a Comment

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.

At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)… Read More>>

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom … Read more>>>

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