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>>
Ding Xiaojie Appointed Chairman of Cinda Real Estate
Beijing-based property developer Cinda Real Estate has announced that Ding Xiaojie has been unanimously appointed as the new chairman of its board of directors, replacing Jia Honghao. The transition to the new leadership for the Shanghai-listed builder took place on… Read More>>
Evergrande Seeking $34B Backdoor Listing and More Asia Real Estate Headlines
Wednesday is here and today’s headlines are all about the money. More details have emerged about Evergrande’s $33.9 billion backdoor listing on the Shenzhen Stock Exchange while China Cinda has become the largest shareholder in Modern Land, a mainland developer… Read More>>
China Cuts Interest Rates for 6th Time in One Year and More China Real Estate Headlines 2015-10-26
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
China Cuts Interest Rates for 6th Time in One Year
China cut interest rates and the banks’ reserve ratio on Friday… Read More>>
China Vanke Buys Historic NYC Tower for $125 Million
China Vanke has made its third real estate investment in the US, and its first acquisition of a completed project in North America, by purchasing the historic Bush Tower in Manhattan for $125 million.
According to a story in New… Read More>>
China’s Bad Bank Leads $304M Chicago Office Tower Investment
A new player may be emerging in China’s overseas investment surge as an investment vehicle majority invested by China Cinda, the nation’s “bad bank,” together with a US partner spent $304 million to purchase a 65-storey office building in Chicago.
The deal… Read More>>