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Chen Feng HNA

HNA Said Selling Stake in $2B 245 Park Avenue Tower to SL Green

Chen Feng HNA

2018/06/25 by Shawna Kwan Leave a Comment

HNA Group is said to be selling off a controlling stake in its Manhattan office tower at 245 Park Avenue to real estate investment trust SL Green Realty, amid a panic sale of more than $14.5 billion in assets by Chinese… Read More>>

HNA Group is said to be selling off a controlling stake in its Manhattan office tower at 245 Park Avenue to real estate … Read more>>>

Zhang Jindong Suning

Suning Inks RMB 20B Smart Mall Joint Venture with China Evergrande

Zhang Jindong Suning

2018/06/25 by Shawna Kwan 1 Comment

Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group to develop commercial plazas to promote its smart retail services. The retailer will invest RMB 9.8 billion for a 49 percent… Read More>>

Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group … Read more>>>

CLSA Belt and Road Fund Makes Pre-IPO Bet on Logistics Developer ESR

2018/06/25 by Greg Isaacson Leave a Comment

Asian logistics developer ESR has picked up more funding on its path to a planned IPO, announcing it has closed an investment from a private equity fund of CLSA, a subsidiary of Chinese state-owned investment bank CITIC.

The funding from… Read More>>

Asian logistics developer ESR has picked up more funding on its path to a planned IPO, announcing it has closed an … Read more>>>

Asia Real Estate People in the News 2018-06-25

2018/06/25 by Greg Isaacson Leave a Comment

Leading today’s people moves, a top CBRE exec has added “Regional” to his job title as the property brokerage tweaks its leadership structure in the southern swath of Greater China. And a China-based executive at Singapore’s Perennial has taken on… Read More>>

Leading today's people moves, a top CBRE exec has added "Regional" to his job title as the property brokerage tweaks its … Read more>>>

Wu Xiaohui Anbang

China Nationalises Fallen Mega-Investor Anbang After Chairman Jailed

Wu Xiaohui Anbang

2018/06/25 by Greg Isaacson Leave a Comment

A Chinese government-controlled fund now owns New York’s Waldorf Astoria hotel, as mainland regulators have officially nationalised the hotel’s purchaser, Anbang Insurance Group.

Nearly full ownership of Anbang has been transferred to the government-controlled China Insurance Security Fund, the China… Read More>>

A Chinese government-controlled fund now owns New York's Waldorf Astoria hotel, as mainland regulators have officially … Read more>>>

Pan Shiyi Soho

SOHO 3Q Targets 66% Growth This Year in Run-Up to 2019 IPO

Pan Shiyi Soho

2018/06/24 by Benjamin Cole Leave a Comment

Soho China, one of the largest office developers on the mainland, is aiming for a 2019 Hong Kong IPO for its co-working spinoff Soho 3Q, according to a statement by the company, as investor interest and occupier demand continues to… Read More>>

Soho China, one of the largest office developers on the mainland, is aiming for a 2019 Hong Kong IPO for its co-working … Read more>>>

Lim Eng Hwee URA

3.7 Hectare Singapore Project Receives Seven Bids

Lim Eng Hwee URA

2018/06/24 by Richard Meyer 1 Comment

Singapore has closed a tender on one of the largest sites ever marketed by the government, with seven bids received for the commercial-residential property amid healthy sector interest and a spate of land sales.

The 3.73 hectare (9.19 acre) Sengkang… Read More>>

Singapore has closed a tender on one of the largest sites ever marketed by the government, with seven bids received for … Read more>>>

Kent sun IHG

IHG to Add 300 China Hotels Within Five Years and More Asia Real Estate Headlines

Kent sun IHG

2018/06/22 by Michael Cole Leave a Comment

China’s 1.3 billion people need more places to stay as they increasingly hit the road and a plan by the parent company of Holiday Inn hotels to build 300 new hotels to house these mainland travellers leads today’s real estate… Read More>>

China’s 1.3 billion people need more places to stay as they increasingly hit the road and a plan by the parent company … Read more>>>

Brett White C&W

Cushman & Wakefield Files for Potential $1B IPO

Brett White C&W

2018/06/21 by Benjamin Cole Leave a Comment

Cushman & Wakefield, the globe-straddling property brokerage and services giant, on June 20th filed for an initial public offering (IPO) with the US Securities and Exchange Commission, which could value the company at over $5 billion, according to sources cited… Read More>>

Cushman & Wakefield, the globe-straddling property brokerage and services giant, on June 20th filed for an initial … Read more>>>

Philip Levinson to Step Down as CEO of Cromwell EREIT Management

2018/06/21 by Greg Isaacson Leave a Comment

Philip Levinson will be stepping down as CEO of Cromwell EREIT Management, less than a year after taking the helm at the manager of Singapore-listed Cromwell European Real Estate Investment Trust.

The REIT manager announced that Levinson will resign on… Read More>>

Philip Levinson will be stepping down as CEO of Cromwell EREIT Management, less than a year after taking the helm at the … Read more>>>

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