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 2024 APAC Real Estate Event Calendar
    • Mingtiandi APAC Residential Forum 2024
    • Mingtiandi Hong Kong Forum 2024
    • Mingtiandi APAC Logistics Forum 2024
    • Mingtiandi Singapore Forum 2024
    • Mingtiandi APAC Data Centre Forum 2024
    • Mingtiandi Japan VIP Conference 2024
    • More Events
  • MTD TV
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Goldman Sachs Confirms $1.5B Sale of London HQ and More Asia Real Estate Headlines

2018/08/28 by Michael Cole Leave a Comment

Lloyd Blankfein

Goldman boss Lloyd Blankfein got some instant ROI from the company’s London HQ

Korea’s sovereign wealth fund finds itself at the top of today’s property news in the region after the NPS was confirmed as the buyer of Goldman Sachs’ new European headquarters, and HNA saved itself from a cascade of defaults on Monday by making good on an overdue $147 million bond payment. The health of former SHK boss Walter Kwok also brings him back into the headlines, and there are many more stories awaiting you below.

Goldman Sachs Confirms $1.5B Sale of London HQ to Korea’s NPS

Goldman Sachs has sold his new European headquarters, opening next year in London, to South Korea’s National Pension Service for $1.5 billion, the US investment bank has said.

Goldman added in a statement that it would lease back the building, worth $1.165 billion ($1.502 billion, 1.297 billion euros), in a deal lasting up to 25 years. “The Goldman Sachs Group Inc. today announced it has entered into a binding agreement for the sale and leaseback of Plumtree Court with Korea’s National Pension Service,” said the statement issued last week. Read more>>

HNA Pays Up on Overdue Bond After “Glitch” Report

Chinese finance-to-aviation conglomerate HNA on Monday paid the Rmb1bn ($147m) principal on a bond after missing the payment on Friday due to what it said was a glitch in the interbank transfer system.

The payment of the bond principal averts the closest call yet for HNA, which delayed or extended debt during a liquidity crisis in the fourth quarter of 2017. It has since sold about $18bn in assets, according to company statements and data from Thomson Reuters. Read more>>

Former SHK Chairman Walter Kwok Hospitalised After Heart Attack

Walter Kwok Ping-sheung, the eldest of the Kwok brothers who run the city’s largest property developer, has been hospitalised after a heart attack, according to a source familiar with the matter.

Kwok, 67, was taken from his residence at Deep Water Bay at around 11.30pm last night for admission into the Ruttonjee Hospital’s intensive care unit, the source said. The former chairman of Sun Hung Kai Properties was released from Ruttonjee and is now recovering at the Hong Kong Adventist Hospital, where he is said to be in stable condition, the source said. Read more>>

Malaysian Fund Said in Talks to Sell Stake in M+S to Temasek

Malaysian sovereign wealth fund Khazanah Nasional Bhd is believed to be in talks to dispose of its 60 per cent stake in property developer M+S Pte Ltd to its joint-venture (JV) partner, Singapore state investor Temasek Holdings Pte Ltd, sources told The Malaysian Reserve newspaper.

“The deal could give the government a hefty return on investment,” a source told the business daily. Temasek on Thursday (Aug 23) declined to comment on market speculation. Read more>>

Singapore Private Condo Prices Dip in July

Prices of completed non-landed private homes continued to lose momentum in July, declining 0.5 per cent month-on-month after a slower appreciation in June, according to the National University of Singapore’s (NUS) flash estimates for its Singapore Residential Price Index (SRPI) released on Tuesday.

In June, prices rose 0.7 per cent, down from a positive 1.6 per cent pace in May. The July decline applied across the board. Excluding small units, prices for apartments in the central region eased 0.2 per cent compared to a 0.6 per cent increase the month before. Those outside the central region slipped 0.7 per cent, reversing a 0.8 per cent increase in June. 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: Goldman Sachs, HNA Group, Khazanah Nasional Berhad, NPS, Walter Kwok

Leave a Reply

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

Get Mingtiandi Delivered

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

MTD TV

MTD TV Greater China Resi
China Could Become World’s Largest Rental Housing Market: MTD TV
Greystar, APG See Urbanisation, Policy Driving APAC Multi-Family Growth

More MTD TV Videos>>

People in the News

Mandy Qian of Cushman & Wakefield
C&W Promotes Mandy Qian to Lead Greater China Business Development
Tom Gaffney
CBRE Promotes Tom Gaffney to President of North Asia Advisory, Succeeding Ben Duncan
Mi Tao CIC
Asia Real Estate People in the News 2023-11-27
Michael Smith Hongkong Land
Hongkong Land Names Mapletree’s Smith Chief Executive as Office Slump Continues

More Industry Professionals>>

People in the News

C&W Promotes Mandy Qian to Lead Greater China Business Development

Mandy Qian of Cushman & Wakefield

Cushman & Wakefield has promoted Mandy Qian to head of business development services for Greater China, taking over … Read More>>

CBRE Promotes Tom Gaffney to President of North Asia Advisory, Succeeding Ben Duncan

Tom Gaffney

CBRE has elevated Tom Gaffney to president of the firm’s North Asia advisory business, with the post’s current holder, … Read More>>

Asia Real Estate People in the News 2023-11-27

Mi Tao CIC

China’s sovereign fund leads Mingtiandi’s review of personnel moves from around Asia this week with news that CIC’s head … Read More>>

Hongkong Land Names Mapletree’s Smith Chief Executive as Office Slump Continues

Michael Smith Hongkong Land

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the … Read More>>

More Industry Professionals>>

Latest Stories

ian-schilling invesco
Invesco, Alyssa Buy 15 Japanese Apartment Assets in Latest Bed Bet
Jeffrey Shen of ESR
China’s Taikang Insurance Takes 95% Stake in $288M ESR Warehouse Fund
Monetary Authority of Singapore chief Ravi Menon
Singapore Central Bank Sees Home Prices, Rents Cooling as Housing Supply Grows

Sponsored Features

Macquarie Asset Management Confident in Continuing Rise of APAC Logistics
Asia Pacific a Dominant Source of Global Capital
Crystal Investment and SOCAM Form Proptech VC Firm

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2023 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.