Hong Kong’s Chinachem Group has announced that Donald Choi will retire and step down from his role as chief executive officer of the privately held developer, with former Link REIT chief operating officer Andy Cheung set to succeed him on… Read More>>
Hong Kong’s New World Selling New Territories Mall to Chinachem for $514M
New World Development is selling a shopping centre in Hong Kong’s Tsuen Wan area to Chinachem Group at a one-third discount from its reported asking price, as the Hong Kong-listed builder continues to pare its investment portfolio as part of… Read More>>
Asia Real Estate People in the News 2023-11-27
China’s sovereign fund leads Mingtiandi’s review of personnel moves from around Asia this week with news that CIC’s head of infrastructure has resigned from the Beijing-based organisation. Also making the list is a new CFO of Singapore’s Elite Commercial REIT… Read More>>
Country Garden Creditors Push for Default Ruling and More Asia Real Estate Headlines
Country Garden again leads today’s collection of real estate headlines from around Asia Pacific as the developer’s creditors seek an official ruling after a bond default last week. Also making the list, the head of one of Hong Kong’s biggest… Read More>>
Asia Real Estate People in the News 2023-07-17
A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a potential shift from the financial to the political realms. Also making the list, a Shenzhen developer gives his son an upgrade and… Read More>>
Chinachem Buys Deloitte London HQ From Landsec for $433M as UK Assets Maintain Appeal
Chinachem Group has acquired Deloitte’s headquarters building in the City of London for £349.5 million ($433 million), marking the Hong Kong developer’s second major property buy in the UK’s chief financial district in less than five months.
Chinachem purchased the… Read More>>
Asia Real Estate People in the News 2022-11-28
Top-level turnover at mainland developers leads Mingtiandi’s roundup of personnel movements from around Asia again this week, as Zhenro Group becomes the latest defaulting builder to see its chairman step aside and Longfor Group names a new board member. Also… Read More>>
Asia Real Estate People in the News 2022-10-31
Korean headhunting leads this week’s survey of personnel moves from across Asia’s real estate world, as the world’s third-largest pension fund searches for a new CIO. Also making the list is a new board director at CK Asset Holdings and… Read More>>
Hong Kong’s Chinachem Confirms $182M Buy of TikTok London HQ
Chinachem Group this past week confirmed its purchase of TikTok’s London headquarters for a price of £158.5 million ($182.5 million) with the Hong Kong developer portraying the acquisition of its first overseas asset as a step toward diversifying its portfolio… Read More>>
Hong Kong’s Chinachem Moves into Healthcare with $57M Acquisition
Hong Kong developer Chinachem has agreed to pay HK$451.2 million ($57.5 million) for a majority stake in a Hong Kong-listed senior care provider as the company prepares to expand into healthcare and senior living.
Privately held Chinachem will acquire a… Read More>>