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Qian Jiangnong Fosun

$700M Fosun Tourism IPO Offers a Stake in Money-Losing Travel Unit

Qian Jiangnong Fosun

2018/09/04 by Emma Zhou Leave a Comment

Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with the Hong Kong stock exchange on Monday that revealed the latest step in what the company is said to plan as… Read More>>

Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with … Read more>>>

Wang Yonghong Zhonghong

Mainland Developer Announces Default on RMB 2.27B in Debt as White Knight Goes Dark

Wang Yonghong Zhonghong

2018/09/04 by Emma Zhou Leave a Comment

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had defaulted on RMB 1.1 billion ($160 million) in credit obligations in the month of July, bringing the Beijing-based company’s total past-due obligations to… Read More>>

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had … Read more>>>

Tony Lombardo Lendlease

JLL, Lendlease-Backed Accelerator Picks 5 Startups for Proptech Bootcamp

Tony Lombardo Lendlease

2018/09/04 by Michael Cole Leave a Comment

Propell Asia, a property technology accelerator program organised by JLL and Australian developer Lendlease today announced its inaugural crop of startups to participate in a 10-week incubation program.

Five early stage proptech companies were chosen from among entrants from around… Read More>>

Propell Asia, a property technology accelerator program organised by JLL and Australian developer Lendlease today … Read more>>>

Cheng Wai Keung

Wing Tai in Talks to Buy London Bank HQ for $548M and More Asia Real Estate Headlines

Cheng Wai Keung

2018/09/04 by Michael Cole Leave a Comment

In what could be a north Asia to southeast Asia handoff, the lead story in today’s collection of real estate headlines from the region tracks Singaporean developer Wing Tai’s potential purchase of a $548 million London asset from Korea’s Samsung… Read More>>

In what could be a north Asia to southeast Asia handoff, the lead story in today’s collection of real estate headlines … Read more>>>

Allan Lee Pamfleet

Pamfleet Pulls in Campfire to Fill Newly Purchased Kowloon Retail Space

Allan Lee Pamfleet

2018/09/04 by Emma Zhou Leave a Comment

Plans by Hong Kong shared space provider Campfire to add a combined, kindergarten, shared office and food centre in the Whampoa section of Kowloon city to its existing set of five co-working centres on Hong Kong island were revealed in… Read More>>

Plans by Hong Kong shared space provider Campfire to add a combined, kindergarten, shared office and food centre in the … Read more>>>

philip popham

Asia Real Estate People in the News 2018-09-03

philip popham

2018/09/04 by Michael Cole Leave a Comment

As we move into September there are more new jobs for Asia’s real estate professionals than we had prize pumpkins at last week’s Minnesota State Fair. At the top of the list, Wang Jianlin loses the boss of his Bond… Read More>>

As we move into September there are more new jobs for Asia’s real estate professionals than we had prize pumpkins at … Read more>>>

Dennis Yeo

Cushman & Wakefield Hires Dennis Yeo as CEO for SE Asia

Dennis Yeo

2018/09/04 by Michael Cole Leave a Comment

Cushman & Wakefield has hired a veteran leader of local offices for CBRE and Colliers International to head the real estate consultancy’s Southeast Asia and Singapore operations, according to an announcement today by the company’s APAC chief, Matthew Bouw.

“I… Read More>>

Cushman & Wakefield has hired a veteran leader of local offices for CBRE and Colliers International to head the real … Read more>>>

Li Sze-Lim

Guangzhou R&F Aims for RMB 13B Bond After RMB 6B Note Sale Shot Down

Li Sze-Lim

2018/09/03 by Emma Zhou Leave a Comment

Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai Exchange last week, despite a trend toward mainland regulators re-opening domestic bond issues for real estate companies.

The canceled notes, which… Read More>>

Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai … Read more>>>

lee-kok-sun GIC

GIC Puts 50% Stake in Sydney’s Chifley Tower on Block for $650M

lee-kok-sun GIC

2018/09/02 by Richard Meyer Leave a Comment

Singapore’s GIC is putting 50 percent of the Chifley Tower in Sydney on the market, according to the AFR and other media accounts.

The sovereign wealth fund is said to be asking A$900 million ($650 million) to part with half… Read More>>

Singapore's GIC is putting 50 percent of the Chifley Tower in Sydney on the market, according to the AFR and other media … Read more>>>

Evergrande executive Xu Hai Jun

Evergrande Vows to Put Profit Above Scale After Building China’s Largest Land Bank

Evergrande executive Xu Hai Jun

2018/09/02 by Emma Zhou Leave a Comment

China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its development model from pursuing top line growth, to achieving efficiency and quality after it announced a record jump in profit in its… Read More>>

China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its … Read more>>>

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