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Karan-Virwani WeWork India

WeWork India Raises $67M from BPEA Credit for Co-Working Growth

Karan-Virwani WeWork India

2022/12/27 by Greg Isaacson Leave a Comment

WeWork India has raised INR 5.5 billion (about $66.5 million) from funds managed by private credit platform BPEA Credit as the flexible office brand seeks to expand in Asia’s third-largest economy.

The funds will be used for future growth and… Read More>>

WeWork India has raised INR 5.5 billion (about $66.5 million) from funds managed by private credit platform BPEA Credit … Read more>>>

Delin Apartments Shanghai

Shanghai Heritage Apartments Go for $72M in Distressed Sale

Delin Apartments Shanghai

2022/12/27 by Mingtiandi Team Leave a Comment

A building in downtown Shanghai was sold via an online auction of distressed properties for RMB 504 million ($72.3 million) on Thursday, giving its new owner a 27 percent discount on the original valuation of RMB 701 million, as China’s… Read More>>

A building in downtown Shanghai was sold via an online auction of distressed properties for RMB 504 million ($72.3 … Read more>>>

Jesse Lu SEA Holdings

SEA Holdings to Sell Half-Stake in Repulse Bay Luxury Project to Hon Kwok Land

Jesse Lu SEA Holdings

2022/12/27 by Christopher Caillavet Leave a Comment

SEA Holdings is selling a half-stake in its luxury residential project in Hong Kong’s Repulse Bay area just 10 months after the local developer picked up the site for HK$1.19 billion ($152.3 million) at a government auction.

The HKEX-listed builder… Read More>>

SEA Holdings is selling a half-stake in its luxury residential project in Hong Kong’s Repulse Bay area just 10 months … Read more>>>

EC World REIT CEO Goh Toh Sim

Singapore-listed EC World REIT Seeks Further Extension on $114M in Debt

EC World REIT CEO Goh Toh Sim

2022/12/27 by Beatrice Laforga Leave a Comment

After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is now in talks with both local and foreign lenders for a further repayment extension on $114 million in debt due on… Read More>>

After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is … Read more>>>

Yuen Kuan Moon singtel

Singtel Teams With Telkom, Medco to Build 51MW Data Centre in Indonesia’s Batam

Yuen Kuan Moon singtel

2022/12/27 by Christopher Caillavet Leave a Comment

Singaporean telecom major Singtel has entered Indonesia’s data centre market, joining forces with longtime partner Telkom and energy firm Medco Power to develop a 51-megawatt hyperscale campus in Batam, across the Singapore Strait from the island city-state.

The three companies… Read More>>

Singaporean telecom major Singtel has entered Indonesia’s data centre market, joining forces with longtime partner … Read more>>>

China’s Wanda Delaying $600 million Bond Payment

Dalian Wanda Takes Over Beijing Mall and More Asia Real Estate Headlines

China’s Wanda Delaying $600 million Bond Payment

2022/12/27 by Christopher Caillavet Leave a Comment

Two Chinese developers lead today’s roundup of regional news headlines, as Dalian Wanda revamps one of Beijing’s biggest malls and a new investor takes over construction at a pair of China Evergrande’s projects in Kunming. The city of Dongguan, meanwhile,… Read More>>

Two Chinese developers lead today’s roundup of regional news headlines, as Dalian Wanda revamps one of Beijing’s biggest … Read more>>>

Shimao Group Chairman Xu Rongmao

Shimao Services Scraps Deal to Buy Mainland Affiliate After Uproar

Shimao Group Chairman Xu Rongmao

2022/12/26 by Christopher Caillavet Leave a Comment

A connected-party deal that raised eyebrows when it was announced by Shimao Services a year ago has been terminated, with the company telling the Hong Kong stock exchange last week that it would no longer acquire a mainland-based property management… Read More>>

A connected-party deal that raised eyebrows when it was announced by Shimao Services a year ago has been terminated, … Read more>>>

Liu Heqiang China New Town

Asia Real Estate People in the News 2022-12-26

Liu Heqiang China New Town

2022/12/26 by Michael Cole Leave a Comment

A set of top level moves at Hong Kong-listed mainland China developers leads Mingtiandi’s regional personnel roundup this week, with China New Town Development and China Resources Land naming new board members, and Fosun Tourism has also added a new… Read More>>

A set of top level moves at Hong Kong-listed mainland China developers leads Mingtiandi’s regional personnel roundup … Read more>>>

Guoco Midtown

Singapore Office Rent Growth Doubled in 2022, Set to Slow in New Year

Guoco Midtown

2022/12/26 by Beatrice Laforga Leave a Comment

Grade A office rents in Singapore’s core business districts jumped by 8.3 percent in 2022, more than double last year’s growth rate, as vacancies fell and more employees returned to their desks, according to data from CBRE Research.

CBRE said… Read More>>

Grade A office rents in Singapore’s core business districts jumped by 8.3 percent in 2022, more than double last year’s … Read more>>>

Wu Bijun Country Garden

Country Garden Names New Board Members as Chairman’s Nephew Loses Seat

Wu Bijun Country Garden

2022/12/26 by Pawara Laothamatas Leave a Comment

Mainland developer Country Garden Holdings announced this past week that two of its executive directors have tendered their resignations, as China’s largest developer by sales struggles financially, including having launched three major equity sales totalling HK$13.73 billion ($1.75 billion) since… Read More>>

Mainland developer Country Garden Holdings announced this past week that two of its executive directors have tendered … Read more>>>

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