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China Oceanwide Gets US Green Light for $3.8B Genworth Deal

2018/06/11 by Greg Isaacson Leave a Comment

The US federal government has given the green light for Beijing-based real estate investor China Oceanwide Holdings Group to take over American insurer Genworth Financial, nearly 20 months after the $3.8 billion deal was first announced.

The approval by the… Read More>>

The US federal government has given the green light for Beijing-based real estate investor China Oceanwide Holdings … Read more>>>

Diwan-Amit Hines

Hines India’s Stake in Gurgaon Office Tower Could Fetch $175M

Diwan-Amit Hines

2018/06/11 by Greg Isaacson Leave a Comment

Global real state developer Hines plans to sell its 50 percent stake in its first project in India, a premium commercial tower outside of New Delhi, in a deal estimated to fetch around 11.8 billion rupees ($175 million).

A Hines… Read More>>

Global real state developer Hines plans to sell its 50 percent stake in its first project in India, a premium commercial … Read more>>>

Pollyanna Chu

Swire Closes on HK$6.5B Sale of Kowloon East Office Project to Pollyanna Chu

Pollyanna Chu

2018/06/11 by Shawna Kwan Leave a Comment

Almost two years after agreeing to sell a Kowloon East office project to one of Hong Kong’s richest women, Swire Properties last week finally completed the 25-storey tower and closed the HK$6.5 billion deal.

The blue-chip developer announced to the… Read More>>

Almost two years after agreeing to sell a Kowloon East office project to one of Hong Kong’s richest women, Swire … Read more>>>

Asia Real Estate People in the News 2018-06-11

2018/06/11 by Greg Isaacson Leave a Comment

Intercontinental moves dominate this week’s roundup of people news, with a real estate investment specialist leaping from London to Hong Kong to take on a new challenge, and a Vietnam-based agency veteran decamping for the UK. A Chinese co-working provider… Read More>>

Intercontinental moves dominate this week's roundup of people news, with a real estate investment specialist leaping … Read more>>>

Victor Li CK

Redevelopment of CK Asset’s Hutchison House in HK Could Bring $4B Valuation

Victor Li CK

2018/06/10 by Shawna Kwan Leave a Comment

CK Asset Holdings is said to be planning the redevelopment of Hutchison House in Hong Kong’s Central district, an effort that could quadruple the 44-year-old office tower’s valuation to as much as HK$32 billion.

The property arm of the CK… Read More>>

CK Asset Holdings is said to be planning the redevelopment of Hutchison House in Hong Kong’s Central district, an effort … Read more>>>

Chen Feng HNA

HNA Sells Stake in Spain’s NH Hotels for $723M, Bringing 2018 Fire Sale to $14.5B

Chen Feng HNA

2018/06/10 by Greg Isaacson Leave a Comment

Embattled Chinese conglomerate HNA Group is shedding its stake in European hotelier NH Hotel Group, in the latest move by the debt-strapped firm to downsize its trove of overseas assets and raise badly needed cash.

HNA is selling the 25.2… Read More>>

Embattled Chinese conglomerate HNA Group is shedding its stake in European hotelier NH Hotel Group, in the latest move … Read more>>>

Chen Guo

HNA Sells Minneapolis City Center Complex to Samsung SRA For $320M

Chen Guo

2018/06/10 by Shawna Kwan Leave a Comment

HNA Group continues to shed US assets to pay off its debt burden, with the Hainan-based conglomerate this past week having been reported this past week to have sold the Minneapolis City Center mall and an adjacent office building for… Read More>>

HNA Group continues to shed US assets to pay off its debt burden, with the Hainan-based conglomerate this past week … Read more>>>

Xi’an Opens Walking Lane for Phone Addicts and More Asia Real Estate Headlines

2018/06/10 by Greg Isaacson Leave a Comment

Leading today’s roundup, urban planners have handed a victory to mobile phone addicts in the northern Chinese city of Xi’an, where a special lane has been opened for pedestrians to stroll while stroking their screens. Also in the headlines, US… Read More>>

Leading today's roundup, urban planners have handed a victory to mobile phone addicts in the northern Chinese city of … Read more>>>

Henry Cheng New World

New World’s Henry Cheng Still in the Saddle and More Hong Kong Real Estate Headlines

Henry Cheng New World

2018/06/10 by Shawna Kwan Leave a Comment

Leading today’s Hong Kong real estate news, the chairman of property giant New World Development has shrugged off rumours of his imminent retirement, after the 71-year-old tycoon was said to have suffered a stroke. Also in the headlines, the city’s… Read More>>

Leading today’s Hong Kong real estate news, the chairman of property giant New World Development has shrugged off … Read more>>>

Neil Anderson Hongkong Land

Mainland Tenants Only Care About Being in the Right Building Says Hongkong Land

Neil Anderson Hongkong Land

2018/06/07 by Shawna Kwan Leave a Comment

The world’s priciest office market is driven by two types of demand — from cost-conscious multinationals, and from monied mainland firms, according to Neil Anderson, Head of Office Space at Hongkong Land, whose company owns Jardine House and the Exchange… Read More>>

The world's priciest office market is driven by two types of demand -- from cost-conscious multinationals, and from … Read more>>>

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