Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2022 Event Calendar
    • APAC Residential Forum 2022
    • Asia Logistics Forum 2022
    • Asia REIT Forum 2022
    • APAC Data Centre Forum 2022
    • Singapore Focus Forum 2022
    • Office Strategies Forum 2022
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Mainland Developer Surrenders Seaworld Shares After Default and More Asia Real Estate Headlines

2019/05/08 by Michael Cole Leave a Comment

Wang Yonghong Zhonghong

Wang Yonghong’s Zhonghong Zhuoye found Seaworld’s admission price to be higher than expected

The financial struggles of yet another mainland China investor who purchased asset from Blackstone lead today’s headlines from around the region, as Zhonghong Zhuoye learns the Seaworld isn’t all fun and games.

Also in the world of the big fish eating the little, mainland developer debt appears to be devouring Asia’s high yield bond markets, and in India, the co-working roller coaster looks to be enjoying the latest stage of the thrill ride. These stories and more are all here for you.

China’s Zhonghong Hands Over Seaworld Shares One Year After Default

SeaWorld Entertainment Inc. said that Sun Wise Co., its largest stockholder and an affiliate of China’s Zhonghong Zhuoye Group Co., handed the shares over to a securities agent after defaulting on its loans.

SeaWorld has canceled a design-and-development deal with Zhonghong, a real estate developer headquartered in Beijing, according to a regulatory filing Monday. The Orlando, Florida-based theme-park owner said the cancellation won’t have an immediate impact on its business. Read more>>

Altus - AE Free Trial In-story Banner

Chinese Developers Now 48% of Asia’s Junk Bond Market

Asia’s high-yield-bond market is being overwhelmed by Chinese real-estate companies, leaving it increasingly dependent on the questionable health of a single sector.

Nearly all Asian high-yield debt issued in the first quarter came from Chinese property companies, according to ratings company Moody’s. Their bonds now represent 48% of the ICE Bank of America Merrill Lynch Asian Dollar High Yield Index, which tracks securities worth $162 billion—outweighing every other sector by miles. Read more>>

India Co-Working Leases Quadruple in Q1

o-working operators have leased 2.9 million sq ft of area, largely office space, during January-March 2019 across seven major cities – a jump of nearly four-fold from the year-ago period, to meet rising demand for shared and flexible workplace, property consultant CBRE said.

Co-working players had leased just 0.8 million sq ft space in the corresponding period of the previous year, according to a CBRE report ‘India Flexible Space Quarterly Digest– Q1 2019’. Read more>>

Mapletree Buys Sydney Office Tower for A$275M

Singapore’s Mapletree Investments has acquired an office tower at 111 Pacific Highway in North Sydney for A$275m (€127m) from Oxford Properties.

In March, Oxford Properties announced plans to sell 40% of around A$4.5bn (€2.82bn) worth of assets in Australia held in the former Investa Office Fund. The property arm of Canadian pension fund OMERS – which outbid Blackstone in a A$3.5bn offer for the trust in December last year – is planning to sell a total of 11 non-core properties valued at A$1.4- A$1.5bn. Read more>>

Shenzhen Pledges to Follow Singapore’s Public Housing Model

Shenzhen, one of the most expensive cities in China, is poised to borrow a page from the playbook of Singapore for providing more subsidised homes, ditching the Hong Kong model the Chinese city has followed for more than two decades since private home ownership reforms were rolled out.

Shenzhen, known as China’s Silicon Valley, will offer 1 million government-subsidised homes at as low as half of the prevailing market rate, according to a consulting paper issued by the Housing and Construction Bureau of Shenzhen on April 29. Read more>>

Hong Kong Mall Landlords Try Out Mini Golf, E-Sports in Quest for Revenue

The landlords of Hong Kong’s shopping centres are combining entertainment with retailing to turn many of the city’s malls into lifestyle destinations, a strategy for hanging on to returning customers as they compete with the increasing popularity of e-commerce.

At least three malls in Mong Kok, Causeway Bay and Tsim Sha Tsui are offering activities such as e-sports, mini golf, indoor family entertainment along with their main retail offerings of shoes, apparels and toys. Read more>>

Mingtiandi Membership 320x320 v2

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: flexible office, India, Mapletree Investments, Shenzhen, Zhonghong Zhuoye

https://player.vimeo.com/video/644203510?h=bc8945e2fd

Leave a Reply

Your email address will not be published. Required fields are marked *

Essensys - Verdantix research repot

Get Mingtiandi Delivered

Mingtiandi Membership 320x320 v2

MTD TV

bdx spotlight interview mtd tv thumbnail
BDx Boss Focuses on Service, Not Buzz, to Build Asia Data Centre Network: MTD TV
Greystar, APG See Urbanisation, Policy Driving APAC Multi-Family Growth

More MTD TV Videos>>

People in the News

Lu Yi Shimao
Asia Real Estate People in the News 2022-06-27
Wu Jianxin Kaisa
Asia Real Estate People in the News 2022-06-20
Graham Mackie Tishman
Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India
Antoine Mesnage
AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2022-06-27

Lu Yi Shimao

A senior appointment by one of China’s crew of defaulting privately-controlled developers leads this week’s roundup of … Read More>>

Asia Real Estate People in the News 2022-06-20

Wu Jianxin Kaisa

Top level executive changes at a pair of major mainland real estate companies lead this week’s round-up of personnel … Read More>>

Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India

Graham Mackie Tishman

US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia … Read More>>

AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

Antoine Mesnage

AXA IM Alts is shaking up its leadership team Down Under with the appointment of Antoine Mesnage as the French firm’s … Read More>>

More Industry Professionals>>

Latest Stories

Albert Yeung Emperor International
Deep Water Bay Home Sells for $111M in Hong Kong’s Priciest Deal This Year
Agile Group chairman Chen Zhuolin (Source: Getty Images)
China’s Agile Gets Mezzanine Loan From Hong Kong Tycoons at 20%
Robert Wallace FLCT
Frasers’ FLCT Buying UK Logistics Development From Stoford for $124M

Sponsored Features

Should Proptech Give Us Sleepless Nights?
Hong Kong’s Evolving Commercial Real Estate Landscape
Opportunities in the Greater Bay Area

More Sponsored Features>>

MTD-QR-Code-320

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2022 China Advertising Media Ltd (Samoa). All rights reserved.