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 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

GIC, COFCO Said Piloting Mainland REIT and More Asia Real Estate Headlines

2019/04/20 by Michael Cole Leave a Comment

Zhou Zheng

COFCO Property chairman Zhou Zheng may get to launch one of Chinas first REITs

The launch of India’s first REIT last month may have served as a wake up call for Chinese regulators, who have been millimetring toward listed property trusts for more than a decade, but now seem ready to launch a pilot programme including a vehicle sponsored by COFCO’s Grandjoy unit, according to a new report late in the week. The shared office segment also gets into the news with WeWork appointing a new COO and IWG’s Spaces unit opening its sixth India centre. Read on for all these stories and more.

GIC and COFCO’s Grandjoy Said Launching Mainland REIT

Singaporean sovereign wealth fund GIC and its long-term Chinese ally, the mall operator Grandjoy Holdings Group, have been selected for a pilot programme that will allow individual Chinese investors to buy shares in rent-yielding properties for the first time.

Grandjoy, the property arm of state-owned conglomerate Cofco, was picked by the securities regulator as one of several firms to try China’s first publicly listed real estate investment trust its chief financial officer, Xu Hanping, told South China Morning Post. Read more>>

Spaces Opens 6th India Co-Working Centre

Spaces, the Amsterdam based creative workspace provider division of Regus-parent IWG, recently inaugurated its 6th property in India and second in Mumbai. The new facility adds to Spaces existing locations in Delhi, NCR, Bengaluru and Mumbai.

Located at Adani’s Inspire Hub in the city’s Andheri area, the centre comes with a 142 seating capacity spread over an area of 50,000 square feet. According to recent reports, co-working firms leased nearly 7 million square feet in India during 2018 and the country is expected to have over 13.5 million co-working space users by 2020. Read more>>

WeWork Appoints New COO to Focus on Overseas Growth

WeWork is shuffling around some of its most senior executives as it tries to build out its international presence, which is a big test for the office-rental company in justifying its recent $45 billion valuation.

Eugen Miropolski, who previously oversaw WeWork operations in all of Europe and Asia excluding Japan, has been named the company’s chief operating officer, the company told Recode, and will remain based in London — a move the company says is out of a desire to charge forward in new overseas markets. Read more>>

Sun Hung Kai New Territories Project Fails to Rise for Easter

The first day of the Easter holiday has proved to be big disappointment for Sun Hung Kai Properties.

Hong Kong’s largest developer by market value sold just six out of 113 flats on offer at its Park Yoho Napoli project in Yuen Long – the worst for any builder since late November when only two out of 27 units were sold at Jiayuan International Group and Stan Group’s T Plus micro flats project in Tuen Mun. Read more>>

HNA Not Dead Yet as CWT Unit Redeems S$100M Bond

HNA’S Singapore-based logistics unit CWT Pte Ltd has redeemed in full its $100 million notes maturing yesterday, together with the accrued interest, it announced.

Note holders had been bracing themselves for the worst when CWT’s parent company, Hong Kong-listed CWT International, said on Tuesday that it had failed to pay interest on a HK$1.4 billion (S$243.2 million) facility. It faces asset seizure for the default. Read more>>

SG’s Frasers Raises A$600M Green Bond

Frasers Property boosted its environmental credentials with a A$600m (US$429m) five-year Green loan, the Singaporean company’s third since its debut late last year and the first Aussie dollar-denominated Green deal.

The loan, which targets energy-efficient projects under the developer’s Green Loan Framework, falls under the Green Loan Principles (GLP) established in March 2018 by the Loan Market Association and Asia-Pacific Loan Market Association to create consistency across the Green loan market. Read more>>

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: COFCO Group, CWT, Frasers Property, Grandjoy Holdings Group, HNA Group, IWG, Spaces, Sun Hung Kai Properties, WeWork

Leave a Reply

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

Get Mingtiandi Delivered

MTD TV

core panel screenshot2
Allianz, KKR, Gaw and Colliers See Top Asia Office Markets on the Upswing
Multi-Family Investment in Japan Thumbnail
Japan’s Multi-Family Market Still Has Room to Run After Banner Year: MTD TV

More MTD TV Videos>>

People in the News

Brian Kwon Dexus
Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia
Vida Tandean
CBRE IM Appoints Vida Tandean as Head of Indirect Private Real Estate Strategies in Asia
Henry Bott Swire
Asia Real Estate People in the News 2023-01-30
Liu Weiliang Zhenro
Asia Real Estate People in the News 2023-01-23

More Industry Professionals>>

People in the News

Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia

Brian Kwon Dexus

Australian property major Dexus is extending its regional reach with the opening of a new office in Singapore and the … Read More>>

CBRE IM Appoints Vida Tandean as Head of Indirect Private Real Estate Strategies in Asia

Vida Tandean

CBRE Investment Management has bolstered its regional roster with the hiring of Vida Tandean as head of Asia investments … Read More>>

Asia Real Estate People in the News 2023-01-30

Henry Bott Swire

One of Hong Kong’s best known conglomerates leads this week’s set of personnel updates on Mingtiandi as Hong Kong’s John … Read More>>

Asia Real Estate People in the News 2023-01-23

Liu Weiliang Zhenro

An ailing mainland developer leads this week’s set of personnel moves from around Asia, as a new chairman takes over at … Read More>>

More Industry Professionals>>

Latest Stories

Kwun Tong Town Centre
Kwun Tong Plot Pulled After Receiving Single Bid and More Asia Real Estate Headlines
Laurent Jacquemin AXA
AXA IM ALTS Picks Up 33 Japanese Apartment Buildings for $459M
Tim Blackburn Swire
Swire Properties Buys 40% Stake in Bangkok Residential Site From HKRI for $73M

Sponsored Features

How Data Leadership Can Prepare Real Estate Companies for Big Data and AI in 2023
OpenSpace Capture
OpenSpace Capture Provides On-the-Ground Eyes at US Government Building Projects
Malls and Megaprojects from Hong Kong to Beijing Triumph at PropertyGuru Awards Show

More Sponsored Features>>

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


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.