At the top of today’s news, one of Hong Kong’s best known developers is fast becoming a mainland builder, as Swire gets ready to open the second phase of its HKRI Taikoo project in Shanghai. Also in the news, Hong… Read More>>
Chinese Estates Builds HK$27B Evergrande Stake and More Asia Real Estate Headlines
Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more than its own Hong Kong market cap. Also in the headlines, China’s suppression of housing demand means that sales… Read More>>
Singapore’s CDL Offers to Buy Out Millennium & Copthorne Hotels in $822M Deal
Singaporean property heavyweight City Developments Limited (CDL) has offered to buy out the outside investors in its Millennium & Copthorne Hotels, in a deal that values the London-listed global hotelier at £1.8 billion ($2.4 billion).
CDL, which already holds a… Read More>>
Singapore’s Hong Leong Group Buys East Coast Housing Block for $667M
The Singapore housing market is on the rebound and one of the southeast Asian financial hub’s biggest development groups has bought out the residents of a 200-unit housing block on the island city’s east coast to add to its project… Read More>>
Co-Working Startup Distrii Raises $30M in Jingrui, CDL-Led Series A Round
China’s burgeoning co-working sector just got another burst of cash, with Shanghai-based shared office startup Distrii closing on a RMB 200 million ($30 million) round of financing from a group of global investors.
Singapore’s City Developments Limited (CDL) and California-based… Read More>>
Sherman Kwek Replacing Grant Kelley as CDL Chief Executive
Grant Kelley has stepped down as CEO of City Developments Limited (CDL), the Singapore-listed property heavyweight, and will be replaced by Sherman Kwek, the elder son of CDL chairman Kwek Leng Beng.
The family led company, which is one of… Read More>>
Singapore’s CDL Goes Deutsch with $112M Munich Hotel Buy
A trust affiliated with City Developments Limited (CDL), the Singaporean property heavyweight, is taking its first piece of continental Europe’s real estate market by buying the Pullman Hotel Munich for €98.9 million (about $112.3 million), the company announced this week.
Vanke Raider Foresea Warns of Default Risk and More Asia Real Estate Headlines
Once a step away from controlling China’s largest property developer, Baoneng Group’s Foresea Insurance is now on the brink of default, according to an account in the FT today. Also in the news, Blackstone warns of an end to a… Read More>>
Blackstone Closes on $449M Sale of Seaworld Stake and more Asia Real Estate Headlines
Leading the news this morning, proving that there is life after China’s capital controls, the Blackstone Group has brought in nearly half of billion dollars by selling a stake in SeaWorld to a mainland buyer. Some other would-be sellers have… Read More>>
CDL Beats Out Mainland Rivals to Win S$370M SG Site and More Asia Real Estate Headlines
Leading today’s news, most of the bidders for a site on Singapore’s upper east coast were from China, but a locally built champion won the rights to build 715 apartments to the island nation. Meanwhile, down in Sydney, Shanghainese developer… Read More>>