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Asia Real Estate People in the News 2018-05-14

2018/05/14 by Greg Isaacson Leave a Comment

Leading today’s roundup of people moves, a formerly troubled Chinese developer has lured an investment banking veteran to take the reins as CFO, and a mid-sized Hong Kong property firm has welcomed a new MD for its commercial division. Wanda… Read More>>

Leading today's roundup of people moves, a formerly troubled Chinese developer has lured an investment banking veteran … Read more>>>

Ming Mei GLP THUMB

GLP Unveils $1.6B China Logistics Tech PE Fund

Ming Mei GLP THUMB

2018/05/12 by Greg Isaacson Leave a Comment

Asia’s largest warehouse developer Global Logistic Properties, better known as GLP, has set up a RMB 10 billion ($1.6 billion) private equity fund in China to invest in logistics-related businesses, the company’s first fund targeting assets beyond real estate.

The… Read More>>

Asia's largest warehouse developer Global Logistic Properties, better known as GLP, has set up a RMB 10 billion ($1.6 … Read more>>>

Universal Studios Doubles Budget for Beijing Theme Park JV to $6.5B

2018/05/12 by Mingtiandi Team Leave a Comment

The investors behind Universal Beijing Resort are said to be doubling down on the upcoming 300-acre theme park in the Chinese capital, with plans to invest $6.5 billion by its 2021 opening date.

The project initially had a budget of… Read More>>

The investors behind Universal Beijing Resort are said to be doubling down on the upcoming 300-acre theme park in the … Read more>>>

Guo Shuqing CBIRC

Shanghai Existing Home Sales Fell 22% in April Amid Credit Clampdown

Guo Shuqing CBIRC

2018/05/12 by Shawna Kwan Leave a Comment

Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.

The city saw some 13,550… Read More>>

Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp … Read more>>>

Wai-Keung-Cheng Wing Tai

Wing Tai Reports 9X Profit Jump in Q3 and More Asia Real Estate Headlines

Wai-Keung-Cheng Wing Tai

2018/05/12 by Greg Isaacson Leave a Comment

Singapore leads today’s news roundup with homegrown developers Wing Tai and Perennial Real Estate announcing huge profit swings in the previous quarter. Also in the Lion City, US pharma giant Johnson & Johnson is launching its new Asia Pacific head… Read More>>

Singapore leads today's news roundup with homegrown developers Wing Tai and Perennial Real Estate announcing huge profit … Read more>>>

Soy Milk Heiress Buys Sting’s NYC Flat for $50M and More Hong Kong Real Estate Headlines

2018/05/12 by Shawna Kwan Leave a Comment

Leading today’s Hong Kong roundup, a billionaire heiress to a soy milk empire has been revealed as the mystery buyer of British rocker Sting’s massive penthouse overlooking Central Park in Manhattan. Also in the headlines, a residential plot in the… Read More>>

Leading today’s Hong Kong roundup, a billionaire heiress to a soy milk empire has been revealed as the mystery buyer of … Read more>>>

Wu XIaohui

Anbang’s Wu Xiaohui Sentenced to 18 Years in Prison, $1.6B in Assets Confiscated

Wu XIaohui

2018/05/11 by Shawna Kwan Leave a Comment

Anbang Insurance Group’s founder and former chairman Wu Xiaohui has been sentenced by a Chinese court to 18 years in prison for fraud and embezzlement, China’s official news agency Xinhua reported Thursday morning. The court also ruled that RMB 10.5… Read More>>

Anbang Insurance Group’s founder and former chairman Wu Xiaohui has been sentenced by a Chinese court to 18 years in … Read more>>>

Merlin Swire

Swire in Talks to Sell Twin Office Towers at Hong Kong’s Taikoo Shing

Merlin Swire

2018/05/10 by Greg Isaacson Leave a Comment

Hong Kong-based developer Swire Properties is in talks to sell its stakes in Cityplaza Three and Cityplaza Four, a pair of grade A office towers in the city’s Quarry Bay area, the company announced on Thursday. Swire did not specify… Read More>>

Hong Kong-based developer Swire Properties is in talks to sell its stakes in Cityplaza Three and Cityplaza Four, a pair … Read more>>>

costco

US Hypermarket Chain Costco Sets Up in Shanghai

costco

2018/05/10 by Shawna Kwan Leave a Comment

American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.

Costco inked an agreement with… Read More>>

American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign … Read more>>>

ADIA Names Tom Arnold as Global Head of Real Estate

2018/05/10 by Greg Isaacson Leave a Comment

The Abu Dhabi Investment Authority (ADIA) has named Tom Arnold as global head of real estate, succeeding Bill Schwab, according to reports. Arnold currently serves as deputy global head and head of Americas real estate at the sovereign wealth fund… Read More>>

The Abu Dhabi Investment Authority (ADIA) has named Tom Arnold as global head of real estate, succeeding Bill Schwab, … Read more>>>

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MTD TV

china logistics thumb
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