…rnment’s drive to rein in investment abroad by local entities. Read more>> Fosun Intl Reports 33% Profit Jump Conglomerate Fosun International (0656), one of China’s most acquisitive overseas deal-makers, reported a 33.6 percent rise in first-half net profit yesterday, thanks to steady growth in its core businesses. The insurance-to-tourism firm, which has a market value of HK$106.3 billion, said net profit in the six months ended June totaled 5.8…
Search Results for: fosun
UrWork Vows to Fight WeWork for New York Co-Working Market
…Struggle UrWork had an agreement with Serendipity Labs to open a centre in Fosun’s 28 Liberty UrWork, which was founded by former China Vanke executive Mao Daqing in 2015, was quick to question the news report. “We do not comment on an ongoing litigation,” a UrWork spokesperson told Mingtiandi. “However, we do want to make it clear that this consented order is reached between WeWork and Serendipity Labs.” The Chinese flexible office player, stated…
Ascendas REIT Buys Brisbane Office for A$106M and More Asia Real Estate Headlines
…e shows up in Amsterdam as well. Meanwhile up in the greater China region, Fosun plans more shiny stores and Hang Lung hopes mini-golf will be a retail hole-in-one. Read on for all these stories and more. Ascendas REIT Buys Brisbane Office Building for A$106M Ascendas REIT said Friday it has acquired a suburban office property in Australia’s Queensland for A$106.2 million (S$109 million). The fully occupied property comprises a six-storey office b…
Kushner’s China Forays Caught in Mueller Inquiry and More Asia Real Estate Headlines
…the region’s love for property. Beyond the adventures of Jared and Don Jr, Fosun looks for Aussie expertise in restoring a Xi’an landmark and some of China’s biggest insurers bet that there’s money in aging. Read on for the details on these stories and more as we come back from the spring festival break. Will Mueller Catch Kushner Over Anbang Talks? Special counsel Robert Mueller’s interest in Jared Kushner has expanded beyond his contacts with Ru…
Asia Real Estate People in the News 2018-06-11
…investment firm are also welcoming new talent, while mainland conglomerate Fosun has parted ways with an outbound investment expert. Read on to see who’s updating their name cards. Sarah Winbur (née Burridge) has moved to Hong Kong to take the role of Senior Manager of Investment at UK-based real estate specialist Savills Investment Management. Winbur relocates from London, where she worked across the firm’s European Retail Funds and Strategic Par…
Greenland Group Retreats From Plans for Spire London and More Asia Real Estate News
…e interview. Read More>> HK Retail Investors Take Up Just 30% of Available Fosun Tourism IPO Fosun Tourism Group, which owns the Club Med resort chain, failed to sell more than half of the shares allocated for retail investors in its initial public offering, in yet another sign of weakening demand for new listings in Hong Kong. The company received applications for 6.47 million shares, a mere 30 per cent of the 21.4 million shares kept aside for H…
Asia Real Estate People in the News 2019-02-18
…irati firm after just under two years as a Senior Investment Director with Fosun Hive, the real estate investment division of Shanghai’s Fosun Group. The graduate of the China Europe International Business School (CEIBS) and the University of Melbourne also has previous experience with CCCG Overseas Real Estate and Greenland Group. Qiao Yu has been promoted to General Manager with Pamfleet in Shanghai, taking on greater responsibilities less than…
Country Garden Eyes Smaller Cities for Growth and More Asia Real Estate Headlines
…ted, and will inject a total of $1.1 billion into the project. Read more>> Fosun to Open Club Med Ski Resort Near Beijing Club Méditerranée, which operates all inclusive holiday resorts around the world, plans to open a winter retreat with a ski school near Beijing to take advantage of the expected popularity of snow sports during the 2022 Winter Olympics in the Chinese capital. The company, commonly known as Club Med, will join several ski resort…
CBRE Brokers RMB 4.6B Sale of Shanghai Complex and More Asia Agency Wins Mingtiandi Broker Battle
…tial purposes. Read more>> JLL Brokers Sale of Vanke Xi’an Office Space to Fosun Unit JLL said in early April that its Capital Markets team had brokered the sale of assets within the Vanke Golden Mile complex in Xi’an High Tech Development Zone to Yong’an Insurance. The unit of Fosun’s insurance division is understood to have purchased space in the high zone of the 58,000 square metres office portion of the three building project. Read more>> Leas…
Kwek Family Net Worth Jumps $166M in 1 Day and More Asia Real Estate Headlines
…square feet, with a value up to Rs 2,000 crore ($288 million). Read more>> Fosun Steps in to Whisk Away Thomas Cook after 3 Profit Warnings The world’s oldest travel company Thomas Cook edged closer to a break up on Monday after its biggest shareholder, China’s Fosun Tourism, made a preliminary approach for the British group’s core holiday operations. The 178-year-old company, battered by fading demand for its package holidays, high debt and a hot…
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