Special purpose acquisition companies are in vogue among Hong Kong’s best-known financiers, with a report indicating that Goodwin Gaw’s Gaw Capital Advisors is planning a US SPAC just days after the city’s richest man, Li Ka-shing was said to be… Read More>>
Hines JV Wins $346M Loan for India Office Project and More Asia Real Estate Headlines
Leading today’s real estate news, US developer Hines has won a loan for an office project in northern India, while a Korean REIT buys up 20 floors of a central Seoul high rise.
Also in the headlines, Singapore’s Millennium &… Read More>>
Blackstone Said in Talks to Buy $1.5B in India Assets and More Asia Real Estate Headlines
Indian appeal leads Asia’s real estate headlines today as the recent success of the Mindspace office park REIT appears to be sparking more private equity investment on the subcontinent.
A report in the Times of India sees Blackstone in discussions… Read More>>
Softbank Backs Away From Buying $3B in WeWork Shares, Cites China Restructuring
Softbank has reportedly pulled back from buying $3 billion in WeWork shares from existing shareholders, citing legal investigations of the company’s management and a possible restructuring of the co-working giant’s China business.
The Japanese investment firm sent a letter to… Read More>>
WeWork’s Neumann Out as CEO After IPO Disaster
“Never settle,” is reportedly the first inspiring slogan to adorn the walls at WeWork, a company which CEO Adam Neumann, built into an empire spanning 111 cities.
Now the entrepreneur hailed as a visionary as the We Company prepared for… Read More>>
92% Say WeWork Worth $15B or Less, No IPO Without Path to Profit Mingtiandi Survey Results
The aftermath of the decision one week ago by the We Company, the parent firm of WeWork, to postpone its initial public offering continues to be examined in the international press, in board rooms and coffee shops as markets sort… Read More>>
WeWork Valuation Said to Sink to $10B as IPO Roadshow Kicks Off
The owners of WeWork have decided to push forward with an IPO roadshow starting this coming week, according to media reports, but that sale may be at a valuation as much as 79 percent below what shares in the company… Read More>>
WeWork Boss Said to Have Cashed Out $700M As First Taipei Location Opens
Within hours of US co-working provider WeWork announcing its expansion into Taiwan, a US news report revealed that co-founder Adam Neumann has cashed out more than $700 million from the company which hopes to achieve a public listing in the… Read More>>
WeWork CEO Said Making Millions Leasing Buildings to WeWork
WeWork lost $723 million in the first half of 2018, but the company’s largest shareholder still found a way to profit from the company’s business of signing long-term leases with landlords and subleasing rooms, desks and sofas to co-workers, according… Read More>>