Sunac China Holdings on Thursday received a winding-up petition in Hong Kong’s High Court filed by state-owned “bad bank” China Cinda Asset Management, with the HKEX-listed developer indicating in a statement to the stock exchange late Friday that it will… Read More>>
Digital Core REIT Acquires 15% of German Data Centre and More Asia Real Estate Headlines
Data centres again lead Mingtiandi’s roundup of real estate headlines from around the region with a Singapore-listed REIT sponsored by Digital Realty completing a deal to boost its ownership of a German data centre. Also making the list is a… Read More>>
Ex-Goldman Japan Exec Joins Jack Ma-Backed PE Firm and More Asia Real Estate Headlines
A former Goldman Sachs executive in Japan joins a private equity firm backed by Alibaba’s Jack Ma, with that story leading Mingtiandi’s headline roundup today. Also making the news, KKR considers entering Japan’s private credit market and Google completes its… Read More>>
Temasek Expands European Presence with Paris Office and More Asia Real Estate Headlines
Singapore’s growing interest in continental Europe leads today’s real estate headlines from around Asia as Temasek Holdings opens in Paris. Also in the news, the Lion City’s Elite Commercial REIT is rebranding and expanding its investment focus and India’s K… Read More>>
Chinese Shadow Bank Zhongzhi Files for Bankruptcy and More Asia Real Estate Headlines
Chinese shadow banking giant Zhongzhi Enterprise Group, which owes creditors over $64 billion and has been a top lender to the real estate industry, has filed for bankruptcy, with that story leading Mingtiandi’s headline roundup today. Also making the list,… Read More>>
Asia Real Estate People in the News 2022-01-31
China’s great developer restructuring leads today’s list of real estate personnel moves from around the region, as Evergrande Group welcomes a top government restructuring expert to its board. Also, in the news, Ontario-based investor Cadillac Fairview has named a new… Read More>>
Asia Real Estate People in the News 2020-09-28
A pair of Singapore moves lead Mingtiandi’s collection of human resources news this morning, with a reorganised residential brokerage bringing in a new boss and a fast-growing developer switching finance chiefs. In Shenzhen, a cash-strapped brokerage has a government appointee… Read More>>
HNA Group Sells Shanghai Office Tower to China Cinda for RMB 3.6B
Just over a month after Hainan government officials took over HNA Group, a report by Colliers International has revealed that the cash-strapped conglomerate has completed the disposal of the Shanghai HNA Tower for RMB 3.6 billion ($510 million).
The property… Read More>>
China Cinda Revealed as Buyer in HK$4.3B Deal for Kimberley Hotel in Hong Kong
State-owned “bad bank” China Cinda Asset Management has been revealed as the buyer of a hotel in Hong Kong’s Tsim Sha Tsui area, spending HK$4.3 billion ($550 million) on the asset despite a 70 percent slump in hotel investment during… Read More>>
Credit Problems Brings Down Gangtai Group’s Plan for 300M Skyscraper in Zhejiang 3rd-Tier City
China’s real estate slowdown appears to be claiming yet another victim, as China Cinda Asset Management takes over a planned 300-metre tall skyscraper project in the Zhejiang provincial city of Taizhou.
The state-owned “bad asset bank” acquired the Gangtai International… Read More>>