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Park Hyeon-Joo Mirae

Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults

Park Hyeon-Joo Mirae

2020/06/01 by James Hatton 2 Comments

South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.

New York-based Witkoff, which… Read More>>

South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las … Read more>>>

Chelsfield Closes $363M Asia Fund to Hunt for Downturn Bargains

2020/05/30 by James Hatton Leave a Comment

Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer readies to deploy dry powder in what CEO Nick Loup calls a “once-in-a-generation opportunity for investing”.

Alongside the $362.5 million… Read More>>

Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer … Read more>>>

Rush desai allianz

Allianz Expands Japan Multifamily Portfolio with €110M Tokyo Buy

Rush desai allianz

2020/05/29 by James Hatton Leave a Comment

Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 million ($122 million), announcing the deal just weeks after the property investment arm of the European insurance giant opened… Read More>>

Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 … Read more>>>

IWG Eyes £315m War Chest to Fund Growth and More Asia Real Estate Headlines

2020/05/29 by James Hatton Leave a Comment

A flexible office provider leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the company formerly known as Regus looks to raise $389 million in a share offering.

In other news around the region, a Singapore… Read More>>

A flexible office provider leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the company … Read more>>>

Tai Cheung Wins Site in Hong Kong’s Ap Lei Chau for HK$1.33B

2020/05/29 by Stephanie Li Leave a Comment

Hong Kong developer Tai Cheung Holdings last week won a residential site on the city’s Ap Lei Chau island with a bid more than 14 percent above some analyst predictions, despite forecasts of slide property values in the city.

The… Read More>>

Hong Kong developer Tai Cheung Holdings last week won a residential site on the city's Ap Lei Chau island with a bid … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Forced to Restructure Financing for 71,000 Sqm Shanghai Office Project

Samuel WT Chu and Benjamin KY Lee

2020/05/28 by James Hatton Leave a Comment

A fund managed by Phoenix Property Investors has been forced to restructure the capital structure for a commercial project in Shanghai’s Jing An district, according to an announcement to the Hong Kong stock exchange today as the COVID-19 crisis disrupts… Read More>>

A fund managed by Phoenix Property Investors has been forced to restructure the capital structure for a commercial … Read more>>>

spencer fung

Li & Fung Delists After Completing HK$7.2B GLP-Led Buyout

spencer fung

2020/05/28 by James Hatton Leave a Comment

Consumer goods sourcing and distribution firm Li & Fung delisted from the Hong Kong stock exchange yesterday, ending a run of 28 years on the bourse through a buyout backed by Asia’s largest warehouse developer and fund manager that valued… Read More>>

Consumer goods sourcing and distribution firm Li & Fung delisted from the Hong Kong stock exchange yesterday, ending … Read more>>>

Tycoon Li Ka-shing Defends HK Security Law and More Asia Real Estate Headlines

2020/05/28 by James Hatton Leave a Comment

Hong Kong’s richest man leads Mingtiandi’s roundup of Asia real estate headlines today as the founder of CK Asset Holdings speaks up in support of Beijing’s move to force through security legislation in the Asian financial hub.

In other news… Read More>>

Hong Kong’s richest man leads Mingtiandi’s roundup of Asia real estate headlines today as the founder of CK Asset … Read more>>>

Vincent Lo Shui On

Shui On Plans Xintiandi in the Suburbs with RMB 2.1B in Shanghai Land Buys

Vincent Lo Shui On

2020/05/27 by James Hatton Leave a Comment

Shui On Land spent RMB 2.1 billion ($290 million) buying four parcels of land in Shanghai in just three days last week, as the developer assembles the pieces for an urban redevelopment project which it hopes will rival the success… Read More>>

Shui On Land spent RMB 2.1 billion ($290 million) buying four parcels of land in Shanghai in just three days last week, … Read more>>>

ngai_chun_hung2

HK-Listed Builder Buys Mong Kok Residential Site for HK$330M

ngai_chun_hung2

2020/05/27 by Stephanie Li Leave a Comment

Hong Kong-listed developer Vantage International has agreed to acquire an apartment building in Mong Kok for HK$330 million ($42.6 million), according to a local news report yesterday.

The company, which is part of the Vantage Group alongside its Able Engineering… Read More>>

Hong Kong-listed developer Vantage International has agreed to acquire an apartment building in Mong Kok for HK$330 … Read more>>>

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