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Asia Real Estate People in the News 2019-09-09

2019/09/09 by James Hatton Leave a Comment

In this week’s edition of People in the News, the CEO of a mainland China conglomerate’s sports and media arm has resigned for personal reasons, just over a month after the company scored an IPO own goal.

In other moves… Read More>>

In this week’s edition of People in the News, the CEO of a mainland China conglomerate’s sports and media arm has … Read more>>>

Co-Founder of Hong Kong’s Campfire Leads HK$170M Community Mall Purchase

2019/09/09 by James Hatton Leave a Comment

A co-founder of Hong Kong shared space firm Campfire has teamed up with a former executive of Hong Kong-based developer Sunlink to buy a suburban community mall in the New Territories that has stood empty for over ten years.

The… Read More>>

A co-founder of Hong Kong shared space firm Campfire has teamed up with a former executive of Hong Kong-based developer … Read more>>>

Lee Yuen Hong

Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M

Lee Yuen Hong

2019/09/09 by Jan Kot Leave a Comment

Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.

The… Read More>>

Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an … Read more>>>

Ching Chiat Kwong Oxley

Oxley Offers Podium of Singapore’s Chevron House for S$475M

Ching Chiat Kwong Oxley

2019/09/08 by James Hatton Leave a Comment

Just four months after Oxley Holdings agreed to sell 30 Raffles Place in Singapore’s central business district to AEW for S$1.025 billion ($740 million), the Singapore-based company has moved to find a buyer for the building’s retail and office podium… Read More>>

Just four months after Oxley Holdings agreed to sell 30 Raffles Place in Singapore’s central business district to AEW … Read more>>>

Akira Mori, chairman of Mori Trust

Hilton Sells Japan Resort to Mori JV for $119M

Akira Mori, chairman of Mori Trust

2019/09/08 by James Hatton Leave a Comment

Hilton Worldwide has sold the Hilton Odawara Resort and Spa in Japan to a joint venture between Mori Trust and Mori Trust Hotel REIT for $119 million, according to data supplied by Real Capital Analytics.

The REIT and the Tokyo-based… Read More>>

Hilton Worldwide has sold the Hilton Odawara Resort and Spa in Japan to a joint venture between Mori Trust and Mori … Read more>>>

James Lim Capitaland

CapitaLand Fund Management Boss James Lim Resigns

James Lim Capitaland

2019/09/08 by Michael Cole Leave a Comment

James Lim, CEO of CapitaLand Investment Management (CLIM) has resigned from his position at the helm of the private fund management division of the Singaporean property conglomerate, Mingtiandi has come to understand.

Lim, who came on board with CapitaLand to… Read More>>

James Lim, CEO of CapitaLand Investment Management (CLIM) has resigned from his position at the helm of the private fund … Read more>>>

CBIRC chairman Guo Shuqing

China Developer Financing Drops by 58% Amid Lending Clampdown

CBIRC chairman Guo Shuqing

2019/09/08 by Jan Kot Leave a Comment

Financing for Chinese property developers plunged by 58.15 percent month-on-month in August amid an intensifying government clampdown on the housing market, according to data cited by the Securities Times.

Total new financing provided to China’s builders reached RMB 36.83 billion… Read More>>

Financing for Chinese property developers plunged by 58.15 percent month-on-month in August amid an intensifying … Read more>>>

Koreans Negotiating €1.3B-Plus Brussels Finance Tower Deal and More Asia Real Estate Headlines

2019/09/07 by James Hatton Leave a Comment

A 36-storey office tower in Brussels leads the way in Mingtiandi’s roundup of real estate headlines today with the news that the Korean consortium that snapped up Microsoft’s UK HQ last year is negotiating the purchase of Belgium’s biggest… Read More>>

A 36-storey office tower in Brussels leads the way in Mingtiandi’s roundup of real estate headlines today with the news … Read more>>>

adam neumann

WeWork May Cut Valuation by Half as IPO Questions Multiply

adam neumann

2019/09/06 by Michael Cole Leave a Comment

Executives at the We Company, the parent of shared office provider WeWork, are considering lowering the valuation for an upcoming initial public offering by around 50 percent, according to multiple news accounts citing sources familiar with the company’s plans.

The… Read More>>

Executives at the We Company, the parent of shared office provider WeWork, are considering lowering the valuation for an … Read more>>>

mercure brisbane

Chinese Investment Group Buys 23 Accor Aussie Hotels for A$300M

mercure brisbane

2019/09/06 by Jan Kot Leave a Comment

Hong Kong-based asset manager iProsperity has acquired a set of 23 Australian hotels from French hotel investment firm AccorInvest, according to an account this week in the Australian Financial Review.

iProsperity, which manages funds for high net worth individuals and… Read More>>

Hong Kong-based asset manager iProsperity has acquired a set of 23 Australian hotels from French hotel investment firm … Read more>>>

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