Asia real estate and outbound investment news
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>>
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>>
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.
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>>
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>>
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>>
Starting out today’s headlines, one of China’s most aggressive developers is counselling caution as global real estate prices rise. Meanwhile, down in Hong Kong, builders in China’s priciest city are cashing in on the latest buying frenzy with price jumps… Read More>>
At the top of the news today, Trump’s son-in-law will need to look like a new investor to bail out the family’s Fifth Avenue project, after Wu Xiaohui’s Anbang backed out of discussions to take a controlling stake in the… Read More>>
Leading the news today, one of China’s biggest buyers of real estate assets is now moving into the media sector with a deal for one of the country’s best known business publications. Also in the headlines, Singapore’s CDL is making… Read More>>
Singapore’s City Developments Ltd (CDL) has acquired a 32,000 square metre commercial project near Shanghai’s Hongqiao transportation hub in its second real estate investment in the mainland megacity in less than one month.
CDL’s wholly owned subsidiary, CDL China Limited… Read More>>
