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li sze lim of R&F Property

S&P Downgrades R&F’s Hong Kong Unit, Likens Payment Extension to Default

li sze lim of R&F Property

2022/01/14 by Christopher Caillavet Leave a Comment

Guangzhou R&F Properties may have avoided default and gained an extra six months to repay a $750 million offshore note that came due on Thursday, but S&P Global Ratings has labelled the group’s delaying tactic a default in all but… Read More>>

Guangzhou R&F Properties may have avoided default and gained an extra six months to repay a $750 million offshore … Read more>>>

Chris Chong

CapitaLand, Mitsui, Tokyo Tatemono Open Singapore’s 79 Robinson Road

Chris Chong

2022/01/14 by Christopher Caillavet Leave a Comment

Almost five years after breaking ground in Singapore’s central business district, CapitaLand and its Japanese partners officially opened their 79 Robinson Road office building Friday with committed occupancy already close to 93 percent.

Designed by US firm Gensler and Singapore’s… Read More>>

Almost five years after breaking ground in Singapore’s central business district, CapitaLand and its Japanese partners … Read more>>>

The Residence Inn Durham McPherson/Duke University

ARA US Hospitality Trust Buys US Hotels for $48M and More Asia Real Estate Headlines

The Residence Inn Durham McPherson/Duke University

2022/01/14 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, Singapore-listed ARA US Hospitality Trust acquires a pair of North Carolina hotels, sovereign wealth fund GIC awaits a windfall of foreign currency reserves after a rule change, and Google is buying a London… Read More>>

In today’s roundup of regional news headlines, Singapore-listed ARA US Hospitality Trust acquires a pair of North … Read more>>>

chen feng HNA

HNA Creditors Sell Seized Luxury Home on Hong Kong’s Peak for $50M

chen feng HNA

2022/01/13 by Pawara Laothamatas Leave a Comment

Four months after HNA chairman Chen Feng was detained by the Hainan police, creditors of his bankrupt empire have sold off a Hong Kong luxury home used by the jailed billionaire at a markdown of HK$116 million ($14.9 million) from… Read More>>

Four months after HNA chairman Chen Feng was detained by the Hainan police, creditors of his bankrupt empire have sold … Read more>>>

Singapore Lifts Data Centre Ban, But Will Cap Capacity, Require Efficiency

2022/01/13 by Beatrice Laforga Leave a Comment

The Singapore government is lifting a 2019 moratorium on new data centre construction and will once again allow construction of new server facilities within its borders, provided that they meet criteria for energy efficiency, according to a statement on Tuesday.

… Read More>>

The Singapore government is lifting a 2019 moratorium on new data centre construction and will once again allow … Read more>>>

sun hongbin

Sunac Share Sale Raises $580M as Developer Faces Bond Deadline This Month

sun hongbin

2022/01/13 by Christopher Caillavet Leave a Comment

Mainland developer Sunac China Holdings continues to make moves to shore up its financial position, including a planned HK$4.52 billion ($580 million) share sale to a holding firm controlled by the family of chairman Sun Hongbin.

In the top-up deal… Read More>>

Mainland developer Sunac China Holdings continues to make moves to shore up its financial position, including a planned … Read more>>>

han xiaosheng oceanwide

China Oceanwide Faces Payment Demand After $175M NYC Default

han xiaosheng oceanwide

2022/01/13 by Christopher Caillavet Leave a Comment

China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served with a default notice for a $175 million loan backed by the group’s troubled skyscraper project in Lower Manhattan.

New York-based… Read More>>

China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served … Read more>>>

Shimao boss Hui Wing Mau

Shimao Asks for Repayment Delay on $183M in Debt and More Asia Real Estate Headlines

Shimao boss Hui Wing Mau

2022/01/13 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, cash-strapped Shimao Group seeks an extension for repayments on asset-backed securities, private equity bigfoot Blackstone raises its offer for Australia’s Crown Resorts a third time, and Singapore’s Metro Group forms an investment alliance… Read More>>

In today’s roundup of regional news headlines, cash-strapped Shimao Group seeks an extension for repayments on … Read more>>>

Schroders Pamfleet Kelvin Wong

Schroders JV Sells Shanghai Co-Living Project to Golden Union for $31M

Schroders Pamfleet Kelvin Wong

2022/01/12 by Christopher Caillavet Leave a Comment

China’s rental residential sector has seen another global fund manager expand its China rental residential holdings as Warburg Pincus-backed Golden Union Assets has reportedly acquired a co-living project in Shanghai’s southwestern suburbs from fund manager Schroders and Hong Kong-listed Deson… Read More>>

China’s rental residential sector has seen another global fund manager expand its China rental residential holdings as … Read more>>>

alex ju chindata

Bain-Backed Chindata Data Centres Announces Terms of Divorce From Former CEO

alex ju chindata

2022/01/12 by Christopher Caillavet Leave a Comment

Chindata Group has shed some light on the fate of recently departed CEO Alex Ju, who will assume a new non-executive role as he prepares to exit the Beijing-based data centre provider he founded more than six years ago.

As… Read More>>

Chindata Group has shed some light on the fate of recently departed CEO Alex Ju, who will assume a new non-executive … Read more>>>

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