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Adrian Cheng New World

New World Puts Kowloon East Commercial Building on Market for HK$3B

Adrian Cheng New World

2020/04/30 by James Hatton Leave a Comment

New World Development has listed for sale a Hong Kong commercial property at an asking price of HK$3 billion ($390 million), as the company looks to offload non-core assets, according to a person familiar with the matter who spoke to… Read More>>

New World Development has listed for sale a Hong Kong commercial property at an asking price of HK$3 billion ($390 … Read more>>>

Aberdeen Standard Sees Pair of Top Execs Depart in Last Two Months

2020/04/30 by James Hatton Leave a Comment

Two key members of Aberdeen Standard Investment’s leadership team in Asia have left the company in the past two months, following an expansion of the asset manager’s footprint in the region over the past two years.

A company spokesperson confirmed… Read More>>

Two key members of Aberdeen Standard Investment’s leadership team in Asia have left the company in the past two months, … Read more>>>

masa son softbank

Softbank Expects $6.6B Loss on WeWork and More Asia Real Estate Headlines

masa son softbank

2020/04/30 by Michael Cole Leave a Comment

Masayoshi Son’s Softbank leads Mingtiandi’s collection of real estate stories today as the Japanese tech investment firm announces that it expects to record a $6.6 billion loss on its gamble on ill-fated co-working provider WeWork.

Also in the headlines, the… Read More>>

Masayoshi Son’s Softbank leads Mingtiandi’s collection of real estate stories today as the Japanese tech investment firm … Read more>>>

Raymond Kwok Sun Hung Kai

Ping An Buying 30% of Sun Hung Kai West Kowloon Project for HK$11.27B

Raymond Kwok Sun Hung Kai

2020/04/30 by Michael Cole Leave a Comment

The financial muscle of one of China’s largest financial institutions was on display today as Sun Hung Kai Properties confirmed earlier reporting by Mingtiandi that Ping An Insurance was buying into its West Kowloon commercial project by announcing the mainland… Read More>>

The financial muscle of one of China’s largest financial institutions was on display today as Sun Hung Kai Properties … Read more>>>

Little-Known Player Outbids Wheelock, Vanke to Win Kowloon Site for HK$467M

2020/04/29 by Stephanie Li Leave a Comment

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million ($60 million), according to an announcement yesterday by the Lands Department.

The privately held firm, which was previously best known for… Read More>>

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million … Read more>>>

Crown Melbourne

Blackstone Buys $360M Stake in Crown From Melco and More Asia Real Estate Headlines

Crown Melbourne

2020/04/29 by Michael Cole Leave a Comment

Most of the region takes a day off on Friday but Asia’s real estate deal makers have been logging long hours before the holiday with those bright sparks at Blackstone putting the current crisis to good use by picking up… Read More>>

Most of the region takes a day off on Friday but Asia’s real estate deal makers have been logging long hours before the … Read more>>>

Park Hyeon-Joo Mirae

Anbang Sues Korea’s Mirae as $5.8B US Hotel Deal Collapses

Park Hyeon-Joo Mirae

2020/04/28 by James Hatton Leave a Comment

China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of a portfolio of 15 high-end US hotels, after the coronavirus pandemic stalled financing for the transaction.

The nationalised mainland insurer filed… Read More>>

China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of … Read more>>>

HK Hotels Closing as Over 90% Run Losses and More Asia Real Estate Headlines   

2020/04/28 by James Hatton Leave a Comment

Hong Kong’s troubled hospitality sector leads the way in Mingtiandi’s roundup of Asia real estate headlines today as falling occupancy forces the closure of many of the Asian financial hub’s struggling hotels.

In other news around the region, the bondholders… Read More>>

Hong Kong’s troubled hospitality sector leads the way in Mingtiandi’s roundup of Asia real estate headlines today as … Read more>>>

Louis d’Estienne d’Orves

Tikehau Executive Named CEO of SGX-Listed IREIT Global

Louis d’Estienne d’Orves

2020/04/28 by James Hatton Leave a Comment

Less than a month after an investment group assembled by Singapore’s largest non-government-backed developer and a French private equity firm took control of SGX-listed IREIT Global, the new ownership group has put a member of their team at the helm… Read More>>

Less than a month after an investment group assembled by Singapore’s largest non-government-backed developer and a … Read more>>>

payson cha

Hanison Said Offering Pamfleet HK$930M for Hong Kong Hotel

payson cha

2020/04/27 by Stephanie Li 1 Comment

Hanison Construction Holdings is said to be in due diligence on a Travelodge hotel in Hong Kong’s most expensive district, after offering a reported HK$930 million ($120 million) for the mid-scale hotel, according to two people familiar with the matter.

… Read More>>

Hanison Construction Holdings is said to be in due diligence on a Travelodge hotel in Hong Kong’s most expensive … Read more>>>

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