Departing directors lead this week’s roundup of personnel moves from around the region, with a pair of state-sector veterans leaving their board seats at China Fortune Land Development. Also losing some leadership is Singapore’s Surbang Jurong, which is saying goodbye… Read More>>
Morgan Stanley Raises $3.1B for Global Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Morgan Stanley’s real estate investment management arm raises $3.1 billion for a global fund, mainland insurer Ping An’s biggest shareholder offloads part of its stake, and JP Morgan slashes its price target… Read More>>
CFLD Default on $530M Bond Highlights Developer Risks From China Credit Crackdown
The impact of China’s crackdown on corporate debt came into clearer view in recent days as a former top 10 mainland developer confirmed last Friday that it was unable to repay holders of $530 million in dollar-denominated bonds that came… Read More>>
China Fortune Land Defaults on $813M Debt and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, a mainland Chinese developer becomes the first victim of strict deleveraging rules, JD Logistics is reportedly targeting a $2 billion IPO this month, and a tycoon’s daughter snaps up control of Hong… Read More>>
CR Land, Sunac Spend Combined RMB 5B on Jiangsu Sites and More China Project News
Eastern China’s Yangtze River Delta has taken a starring role in April land purchases by mainland developers, with China Resources Land, Sunac, Greentown and Country Garden all purchasing projects the economic corridor this month. Looking back to March, new research… Read More>>
Ping An Spends RMB 4.2B to Boost Stake in Mainland Developer CFLD to Over 25%
Chinese financial giant Ping An has increased its stake in top ten mainland builder China Fortune Land Development (CFLD) to 25.25 percent, less than seven months after it acquired nearly one fifth of the group to become its second largest… Read More>>
Asia Real Estate People in the News 2018-12-10
The game of musical chairs continued at mainland developers over the week, with China Fortune Land pilfering yet another executive from rival China Resources Land. Wu Xiangdong joined Yu Jian in leaving China Resources Land for China Fortune Land Development,… Read More>>
CFLD Aims to Join China’s Top Three Developers via Partnership with Ping An
Top ten mainland builder China Fortune Land Development (CFLD) this month announced that it is welcoming three senior executives from Ping An Insurance to take leading roles at the developer, just three months after the insurer paid RMB 13.8 billion… Read More>>
Asia Real Estate People in the News 2018-08-27
In today’s set of people moves from around Asia, a long-time private equity real estate executive finds himself carrying a new namecard after his division at Standard Chartered was acquired earlier this month, a mainland developer builds up the marketing… Read More>>
Ping An Ups CFLD Stake to 20% for $2B as Developers Scramble for Cash
A unit of Chinese financial giant Ping An is acquiring almost a fifth of China Fortune Land Development (CFLD) in the group’s third major acquisition of a stake in a top publicly listed developer in the last three years.
The RMB… Read More>>