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Andre Fu AFSO

Casino Heir Buys Office in Central for HK$73.8M and More Hong Kong Real Estate Headlines

Andre Fu AFSO

2020/05/13 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, the heir of Macau casino tycoon Fu Tak Iam has decided to take a gamble on a strata title office floor in Central, while WeWork has surrendered leases amounting to 20 percent of… Read More>>

Leading today’s Hong Kong real estate news, the heir of Macau casino tycoon Fu Tak Iam has decided to take a gamble on a … Read more>>>

Scape Seals A$2B Aussie Student Digs Deal and More Asia Real Estate Headlines

2020/05/13 by James Hatton Leave a Comment

An Australian mega-deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the Australian arm of a London-based student accommodation provider buys a portfolio of university digs down under.

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

An Australian mega-deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the Australian arm … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Said Seeking Buyer for Wan Chai Commercial Project at HK$330M

Samuel WT Chu and Benjamin KY Lee

2020/05/12 by James Hatton Leave a Comment

Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at an asking price of HK$330 million ($43 million), according to people familiar with the matter who spoke to Mingtiandi.

The Hong… Read More>>

Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at … Read more>>>

South Korean Investors Take Aim at Amazon in €200M Euro Shed Buy

2020/05/12 by James Hatton Leave a Comment

South Korean institutional investors have funded a €200 million ($216 million) acquisition of a German logistics portfolio which includes a large-scale Amazon fulfilment centre, as the European warehouse sector continues to attract Asian capital.

London-headquartered investment management firm Apeiron Capital… Read More>>

South Korean institutional investors have funded a €200 million ($216 million) acquisition of a German logistics … Read more>>>

westin st francis

Mirae Plans Anbang Hotel Deal Countersuit and More Asia Real Estate Headlines

westin st francis

2020/05/12 by James Hatton Leave a Comment

Legal battles push viruses out of the headlines today as Korea’s Mirae Asset Management fires a fresh salvo in a court battle with China’s Dajia Insurance over a failed $5.8 billion hotel deal.

Also finding space in Mingtiandi’s real estate… Read More>>

Legal battles push viruses out of the headlines today as Korea's Mirae Asset Management fires a fresh salvo in a court … Read more>>>

pan sutong

Hong Kong-listed Goldin Sells Kai Tak Residential Plot at HK$2.6B Loss

pan sutong

2020/05/11 by Stephanie Li Leave a Comment

Goldin Financial Holdings has agreed to sell a residential site on Hong Kong’s former airport at a HK$2.6 billion ($340 million) loss, as the company seeks to free up cash amid a downturn in the Asian financial hub.

The financial… Read More>>

Goldin Financial Holdings has agreed to sell a residential site on Hong Kong’s former airport at a HK$2.6 billion ($340 … Read more>>>

Abandoned WeWork Centres Put Up for Lease in Kowloon

2020/05/11 by Stephanie Li Leave a Comment

WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its portfolio, according to a person with knowledge of the matter who spoke to Mingtiandi.

Mingtiandi understands that WeWork has surrendered its centre… Read More>>

WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its … Read more>>>

Asia Real Estate People in the News 2020-05-11

2020/05/11 by James Hatton Leave a Comment

In this week’s edition of People in the News, a data centre developer backed by UK fund manager Actis has poached a vice president of sales from rival Equinix as server sheds continue to be a top target for investors… Read More>>

In this week’s edition of People in the News, a data centre developer backed by UK fund manager Actis has poached a vice … Read more>>>

gu gang

HNA Fails to Make Payment on $4B Ingram Micro Buyout Loan

gu gang

2020/05/10 by Stephanie Li Leave a Comment

A unit of China’s HNA Group has failed to repay $750 million owed from its buyout four years ago of a US technology distributor, as the cash-strapped conglomerate’s credit problems continue to mount despite selling off a Shanghai office tower… Read More>>

A unit of China’s HNA Group has failed to repay $750 million owed from its buyout four years ago of a US technology … Read more>>>

Deutsche Asset Manager Makes SG’s First Major Logistics Buy of 2020

2020/05/10 by James Hatton Leave a Comment

Deutsche Bank’s asset management arm has acquired a warehouse asset in western Singapore, braving the COVID-19 downturn to make the Southeast Asian financial mecca’s first major logistics acquisition of the year.

DWS, which was formerly known as Deutsche Asset Management,… Read More>>

Deutsche Bank’s asset management arm has acquired a warehouse asset in western Singapore, braving the COVID-19 downturn … Read more>>>

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