Some of Asia’s best known developers and fund managers are changing their top management this week as a Li Ka-shing invested asset management firm finds a new head for its private funds division, a once defaulting developer gets a new… Read More>>
Li Ka-shing’s ARA on the Hunt for Mainland Deals and More Greater China Real Estate Headlines
ARA Asset Management has $3 billion it could spend on deals, and is searching for opportunities in China, Australia and other locations. And new deals may be much in demand from one of China’s richest men as Dalian Wanda’s relisting… Read More>>
Greater China Real Estate People in the News 2015-11-09
This week Greater China’s real estate professionals are as restive as ever, with an industrial real estate veteran taking over the reins for a red-chip warehouse developer in Beijing, a doctor of real estate joining a fund management giant in… Read More>>
Li Ka-Shing’s Fortune REIT Buys Kowloon Mall for $245M
ARA Asset Management (Fortune) Limited, the manager of Li Ka-shing controlled Fortune REIT has now closed on its HK$1.9 billion ($245 million) acquisition of the Laguna Plaza residential retail complex in Hong Kong, according to a recent statement from the company.
China Real Estate People in the News 2014-10-27
This week Asia’s real estate community sees a Lehman veteran take the helm for a US private equity investor’s property deals, a noted economist moving into his new office, Li Ka-shing stocking up on fresh talent, and much more. Read… Read More>>
Li Ka-shing Said to Sell Shanghai Office Tower for RMB 1.54B
Li Ka-shing appears to be continuing to sell off his China real estate assets, as a recent report has Asia’s richest man selling an office building in Shanghai for around RMB 1.54 billion ($250 million).
According to a story on… Read More>>
CalPERS Looking Beyond A+ Assets for China Bargains
The second biggest pension fund in the US has $257 billion to invest and is looking for more deals in China. However, even a giant fund manager that has been investing in China for several years realises that good deals… Read More>>
Real Estate M&A Deals Up 326 Percent in 2014 as Market Churns
China’s housing sales fell 7.7 percent in the first quarter, the country’s property sector witnessed a record default last month, and some real estate investors couldn’t be happier.
While the nation’s property developers were busy cutting back on new construction… Read More>>
Billionaire Cheng Yu-tung to Take China New World Land Private
While Asia’s richest man, Li Ka-shing has been selling out his China real estate assets, Hong Kong’s fifth wealthiest billionaire has decided to double-down on his China bets by taking New World China Land Limited (HKG:0917) private.
The HK$18.6… Read More>>
Li Ka-shing’s Cheung Kong Boosts Profits 10% on China Deals
Asia’s richest man managed to raise profits at his primary property firm by 10 percent in 2013 by selling off properties in China, even as the contribution from the company’s Hong Kong operation fell into a slump.
Cheung Kong Holdings… Read More>>