Mingtiandi leads off its first set of people moves for May with the appointment of new leadership for one of Asia Pacific’s longest-standing investment strategies. Also making our list this week are board level moves at Ping An Insurance, China… Read More>>
Indian Billionaire Ambani Eyes Commercial Property and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Asia’s richest man sets sights on India’s commercial property market, Morgan Stanley is set to exit an India industrial development, China’s home sales reverse months of declines as demand recovers, and troubled developer… Read More>>
China Aoyuan Selling Stake in Property Management Unit for $32M
China Aoyuan Group has agreed to sell a 29.9 percent stake in its property management unit for HK$256 million ($32.6 million), as the Guangzhou-based developer continues to unload assets after defaulting on $1.09 billion in offshore debt last year.
Aoyuan… Read More>>
China Aoyuan Unloads Zhuhai Project Stake and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, developer China Aoyuan sells its controlling stake in a Zhuhai project as mainland-listed builders report their worst earnings in at least seven years.
Aoyuan Completes Disposal of 60% Stake in… Read More>>
Asia Real Estate People in the News 2023-01-23
An ailing mainland developer leads this week’s set of personnel moves from around Asia, as a new chairman takes over at both Zhenro Properties and its property management affiliate. Also, announcing leadership changes are China Aoyuan, JLL, PropertyGuru and Mitsui’s… Read More>>
Evergrande Restarts Work on 631 Projects and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled China Evergrande resumes work on hundreds of projects to meet year-end delivery targets, and a Goldman Sachs economist says Japan could scrap its long-standing negative interest rate.
China Evergrande… Read More>>
Blackstone’s Schwarzman Gives REIT Pep Talk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Blackstone’s CEO offers an explanation for surging redemptions in the firm’s non-listed REIT, and developer China Aoyuan reveals plans to sell a stake in its property services unit.
Blackstone Boss… Read More>>
China Aoyuan to Sell 49% of Australia Unit at $170M Loss
Defaulting developer China Aoyuan has agreed to offload a large chunk of its Australia division to an entity controlled by one of the subsidiary’s executives, as the Guangzhou-based group joins the flow of Chinese companies exiting investments Down Under.
Aoyuan… Read More>>
Asia Real Estate People in the News 2022-04-18
A top level change at Hong Kong developer Chinachem leads Mingtiandi’s roundup of personnel moves this week as the privately held builder announces the departure of its managing director of real estate. Also witnessing director departures this week are Hong… Read More>>
China Aoyuan to Default on $1.1B in Offshore Debt Ahead of Restructuring
China Aoyuan Group has become the latest mainland developer to default on its financial obligations, announcing Wednesday that it would not make payments on $1.09 billion in offshore notes scheduled to mature in the next three years, including two sets… Read More>>