Asia Pacific real estate investment news and information
C Capital, the private equity firm co-founded by former New World Development CEO Adrian Cheng, has acquired 507 hectares (1,253 acres) of land near Melbourne for industrial projects with an expected end value of A$4.5 billion ($3.2 billion).
The land… Read More>>
Indian offices lead today’s look at real estate headlines from around the region, with Keppel said to have found a buyer for a Chennai asset. BlackRock also makes the news with an MOU with Korea’s president and Blackstone is reported… Read More>>
Hong Kong’s New World Development on Monday announced the successful refinancing of HK$88.2 billion ($11.2 billion) in offshore debt, as well as the resignation of third-generation scion and former CEO Adrian Cheng from the family-controlled builder’s board of directors.
New… Read More>>
Mainland builder Sino-Ocean’s debt restructuring plan wins the approval of a British court, with that story leading today’s headline roundup. Also making the list, New World scion Adrian Cheng pays a visit to France’s presidential palace and Singapore’s Tan Boon… Read More>>
Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder posted its first full-year loss in two decades.
The third generation scion of the billionaire Cheng family has also been redesignated from… Read More>>
New World Development has sold its 30 percent stake in an office tower in Shenzhen’s Nanshan district to a vehicle of the Cheng family who control the Hong Kong-based builder, as the company continues to lower its leverage.
The HKEX-listed… Read More>>
A property investment firm backed by some of Hong Kong’s wealthiest families has completed its acquisition of a trio of Osaka hotels from CapitaLand Ascott Trust, with Axe Management Partners having paid JPY 10.7 billion ($75 million) for the assets.
NWS Holdings, the infrastructure and construction business of New World Development and Chow Tai Fook chairman Henry Cheng, has appointed the Hong Kong tycoon’s second eldest son, Brian Cheng Chi-ming, as co-CEO as questions over succession intensify within the family’s… Read More>>
Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>
In today’s roundup of regional real estate headlines, a key figure at private equity firm PAG snaps up a century-old Hong Kong villa, and Dalian Wanda denies reports that it plans to sell up to 20 malls in China. Also… Read More>>
