…er a year, and LED lighting with a lifetime of 40,000-50,000 hours. Former Fosun Trophy At the A$400 million consideration, 73 Miller Street changed hands for roughly A$20,927 ($13,236) per square metre of net lettable area. The building’s previous owners included Shanghai-based Fosun Property, which partnered with Propertylink to acquire the asset from Investa Property Group for A$116.5 million in 2015. At the time, the building was 100 percent l…
Search Results for: fosun
Sunac Seeks to Stretch RMB Bond Maturity and More Asia Real Estate Headlines
…nting to a 55 percent jump in asking price in under two years. Read more>> Fosun Appoints Deutsche Bank to Sell Stake in Peak Re: Sources China’s Fosun International has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurance company Peak Re, four people with knowledge of the matter told Reuters. The sale comes as the tourism-to-financials conglomerate is battling with high debts. Ratings agency Moody’s do…
CIFI Mulls Exit From Property Management Arm and More Asia Real Estate Headlines
…final, according to the report. Read more>> Shareholders Approve Merger of Fosun’s Lanvin Group With SPAC Fosun International’s Lanvin Group, a luxury fashion brand, and Primavera Capital Acquisition Corporation on Monday announced that PCAC shareholders approved the previously announced business combination with the group at an extraordinary general meeting of shareholders on 9 December. Shareholders of the group also approved the business combin…
Asia Real Estate People in the News 2023-02-20
…. Qin Xuetang has resigned from his position as an executive director with Fosun International from 17 February, according to an announcement to the Hong Kong stock exchange by the Shanghai conglomerate on that same day. Qin is leaving as he is approaching retirement age and will be redesignated as a supervisory commissioner of the company, according to the company statement. With Qin’s departure, Huang Zhen has been named authorised representativ…
Empyrion Clinches Financing for Seoul Data Centre and More Asia Real Estate Headlines
…d lavishly on mansions, luxury cars and golf club memberships. Read more>> Fosun Tourism to Expand Business, Add Urban Resort Hotels in China Fosun Tourism Group plans to expand its business operations globally and run more resort hotels in China, amid signs of improvements in the tourism industry and with Chinese citizens planning more holiday trips, the company’s chairman said. In an interview, Xu Xiaoliang heralded a turnaround for the industry…
Vietnam Crisis Shuts 1,800 Firms in Q1 and More Asia Real Estate Headlines
…lar terms. Read more>> Guo Guangchang Sells Billions in Assets to Bail Out Fosun Billionaire Guo Guangchang was sipping baijiu when he decided to kick off a $2 billion sale, his biggest in recent years. His choice of liquor — from Shede Spirits, a brand under his Fosun International portfolio — was particularly momentous: “she de” means “let go” in Chinese. Read more>> Tune in again soon for more real estate news and be sure to follow @Mingtiandi…
Blackstone’s Nexus Mall REIT Jumps in Trade Debut and More Asia Real Estate Headlines
…ts $4 billion offshore bonds. Read more>> Blackstone Reportedly Set to Buy Fosun’s Gem-Testing IGI in $550M Deal US investment giant Blackstone is reportedly poised to buy gem-testing institute IGI in a deal worth up to $550 million. Fosun International, one of the first enterprises in China to develop overseas markets, bought an 80 percent stake in the network of 20 grading labs and 14 gemology schools in September 2018 for $108.8 million. Read m…
Asia Real Estate People in the News 2023-08-28
…neral manager of the investment management department for Greater China at Fosun Hive, the real estate division of Fosun Group. Savills Investment Management announced this month that it has appointed Apwinder Foster as the firm’s first global head of strategy and client capital. Based in London, Foster previously served as head of product strategy with the group’s DRC Savills Investment Management debt division since 2019 after having earlier wor…
China Home Prices Fall Most Since 2015 and More Asia Real Estate Headlines
…eld Infrastructure’s global data centre platform. Read more>> Sunac China, Fosun Seeking Buyers for Tourism Assets Cash-strapped mainland companies Sunac and Fosun International are seeking to dispose of their tourism-related assets for funds. But Sunac has received no response so far for four tourism projects on sale, mainland media reported. Among them are a new cultural tourism zone in Wuhan in Hubei province with a reserve price of RMB 1.1 bil…
Speaker Bio: Jialin Li of Greystar MTD TV Productions
…fund-raising activities and sourcing new deals. Before that, she worked at Fosun as a Managing Director in Oct 2017, based in Shanghai. Jialin was responsible for capital raising for Fosun global real estate business. Prior to that, Jialin worked at Tishman Speyer and Gaw Capital as an investment professional for over ten years and had strong acquisition track record. From China, she speaks fluent English and native Mandarin. Greystar is the globa…
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