Australia’s Macquarie Group and Canada’s PSP have set a plan in motion to sell their AirTrunk data centre business, with that story leading Mingtiandi’s headline roundup today. Also in the news, Warburg Pincus seeks to redeem its investment in Wanda’s… Read More>>
Receivers Sell London Office Tower Seized From China’s Cheung Kei for 60% Off
An office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being sold by receivers for £110 million ($134 million) — 60 percent less than what the mainland investor paid… Read More>>
Receivers Marketing London Office Tower Seized From Mainland Tycoon
Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime… Read More>>
Receivers Take Over Second Cheung Kei London Property as Asset Seizures Mount
Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to a recent string of asset forfeitures that include a pair of Hong Kong homes formerly owned by Cheung Kei boss Chen Hongtian.
China’s Cheung Kei Talks Up Investment Plan for Seized London Office Building
Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill Place in London, in a statement released just days after it was revealed that the Canary Wharf office… Read More>>
Lenders Seize Cheung Kei’s 5 Churchill Place in London After Default
Receivers appointed by creditors of Cheung Kei Group have wrested control of the former Bear Stearns headquarters on London’s Canary Wharf from the company, making it the latest asset to be seized from the troubled mainland conglomerate headed by tycoon… Read More>>
China’s Cheung Kei Scrambling to Sell London Office Assets as Debt Deadline Looms
Mainland property investor Cheung Kei Group is struggling to offload a pair of office buildings on London’s Canary Wharf as media reports emerge that the Shenzhen-based firm has already defaulted on a loan backed by one of the two properties,… Read More>>
Link REIT Buying Morgan Stanley European HQ From Hines for £371.4M
Link REIT has moved forward with its first acquisition in the western hemisphere as the Hong Kong-listed real estate investment trust today announced a deal to purchase 25 Cabot Square in London for £371.4 million ($475 million).
Asia’s largest REIT… Read More>>
Link REIT Said in Talks to Buy Morgan Stanley’s £390M European HQ in London
Link REIT is said to be in negotiations to buy Morgan Stanley’s European headquarters in London in what would be the trust’s first acquisition in Europe, with the prospective acquisition surfacing less than two months after the trust completed its… Read More>>
Far East Consortium Buys Canary Wharf Site for £250M Development
Far East Consortium has zeroed in on London for a £250 million residential development, as the UK housing market picks up after Britain’s divorce with the EU.
The Hong Kong-listed residential and hotel developer, which has built out a global… Read More>>