Technology seems to finally be enjoying its day in the real estate industry’s centre ring this week as news of a fresh funding round for an online property platform adds to near-daily coverage of data centre initiatives.
Seazen Holdings Scandal Spawns Insider Trading and More Asia Real Estate Headlines
The arrest last year of the chairman of one of China’s largest developers has led to further damage this week after one of the fallen bosses buddies was penalised for insider trading after learning that his friend was headed for… Read More>>
Asia Real Estate People in the News 2020-08-10
In this week’s collection of leadership changes at Asia’s real estate developers, investors and other property professionals, a cash-strapped mainland builder has let go its CEO as it struggles to sell off stalled US projects.
Also in the news, regional… Read More>>
Asia Real Estate People in the News 2020-07-20
Top level moves at developers in mainland China and Singapore lead this week’s collection of real estate people moves from around Asia Pacific as Guocoland’s CFO abruptly departs the company and Guangzhou’s Aoyuan Group puts in place a management team… Read More>>
Hony’s $1.2B Buy of SF’s Oceanwide Centre Delayed and More Asia Real Estate Headlines
The ongoing struggles of China’s Oceanwide Holdings lead today’s real estate headlines as the cash-strapped developer’s deal to sell off a San Francisco development project gets extended to 30 September.
Also in the news, Frasers Group has taken another step… Read More>>
Oceanwide Sells SF Project to Hony Fund for $1.2B After Deal Collapses
A troubled mainland developer’s race to dispose of assets to meet looming debt repayments took a twist yesterday when China Oceanwide Holdings brought on board a potential replacement buyer for its unfinished San Francisco project.
Oceanwide said in an announcement… Read More>>
China Oceanwide Selling San Francisco Project at $276M Loss
Five years after purchasing the site of what was planned to be San Francisco’s second-tallest office tower, China Oceanwide Holdings has agreed to sell the unfinished project at a $276 million loss, according to a statement filed by the developer… Read More>>
Oceanwide Halts Construction on San Francisco Tower and More Asia Real Estate Headlines
The backwash of China’s outbound real estate investment wave of a few years ago leads today’s collection of Asia real estate headlines as one of the mainland’s biggest investors in California property halts work on one of the two… Read More>>
Warburg Pincus Said Selling Down VN Retail Stake and More Asia Real Estate Headlines
Vietnam, Los Angeles, and Shanghai all make a showing in today’s top real estate news from Asia with an account of a top US private equity firm looking to cash in on a Vietnam retail property leading the list.
In… Read More>>
PwC Resigns as Auditor for China Oceanwide Following Profit Warning
China Oceanwide Holdings Ltd (715:Hong Kong) has suffered a fresh setback just a week after the troubled developer warned of a substantial drop in profits for 2018 with its auditor, PriceWaterhouseCoopers, having resigned on February 22.
The London-based accounting giant… Read More>>
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