The arrival of Christmas means that some of Asia’s senior real estate executives have found out where they ranked on Santa’s list, with promotions having been handed out at one of China’s largest state-owned developers and Singapore’s Temasek Holdings naming… Read More>>
PAG Said Mulling Buy of Wanda’s $14B Mall Portfolio and More Asia Real Estate Headlines
Apparently not satisfied buying out Dalian Wanda’s mall management business earlier this year, PAG is back in the news today with a report on talks to buy out the mainland developer’s nearly 500 malls leading today’s headline roundup. KKR and… Read More>>
Guangzhou R&F Selling $1.3B London Project to CC Land Chairman for 13 Cents
Cheung Chung-kiu has once again come to the rescue of his Chinese billionaire builder brethren, with the chairman of mainland developer CC Land inking a preliminary agreement to buy a $1.3 billion London project from Guangzhou R&F Properties for HK$1… Read More>>
Asia Real Estate People in the News 2023-04-03
A sudden leadership change at a Singapore-listed REIT leads this week’s set of personnel updates on Mingtiandi, with Shanghai’s Jingrui Holdings also revealing a change at the top level. There are also new board members at Link REIT and Fosun,… Read More>>
Ivanhoe Cambridge Drops India Office Development Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Canada’s Ivanhoe Cambridge is reported to be taking a new direction in its office partnership with India’s Embassy Group, and Chinese developer CC Land expects to swing to a hefty 2022 loss.
Mainland Builder Mingfa Exiting Stake in Shouson Hill Project for $82M
Mingfa Group has agreed to sell its 20 percent stake in No.15 Shouson, a luxury residential project in Hong Kong Island’s Deep Water Bay, to existing partners for HK$650 million ($82.8 million), as the mainland developer looks to raise some… Read More>>
HSBC Leads $717M Refinancing of London’s Cheesegrater for CC Land
Mainland China developer CC Land Holdings has secured £605 million ($716.82 million) in fresh financing for its “Cheesegrater” office tower in London in a deal led by HSBC, according to a statement by the banking giant on Monday.
HSBC’s UK… Read More>>
Deep Water Bay Home Sells for $111M in Hong Kong’s Priciest Deal This Year
A luxury villa in Hong Kong Island’s Deep Water Bay sold on Sunday for HK$870.2 million ($110.8 million), according to public records, in the city’s priciest residential transaction this year.
With the market for Hong Kong high-end housing continuing to… Read More>>
R&F Selling Stake in London Project at $230M Loss, PWC Resigns as Auditors
Guangzhou R&F Properties continues its retreat from London’s Nine Elms regeneration area, announcing Thursday that it plans to sell its 50 percent stake in a joint project with fellow Chinese developer CC Land to the latter firm’s boss for HK$2.66… Read More>>
Shimao Chairman Selling Stake in Hong Kong Luxury Project for $134M
Hui Wing Mau, chairman of defaulting real estate developer Shimao Group, has agreed to sell his 40 percent stake in a luxury project in Hong Kong’s Deep Water Bay for a total consideration of HK$1.04 billion ($134.2 million), according to… Read More>>