In today’s roundup of regional news headlines, Singapore-listed ESR-Logos REIT enters a deal to sell an aerospace training facility, Chinese developers continue to raise funds via discounted share sales, and CPPIB, together with Indian partner L&T sell an infrastructure joint… Read More>>
CIFI Mulls Exit From Property Management Arm and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, troubled developer CIFI prepares to sell a stake in its services division, Blackstone taps the brakes on an eagerly awaited private equity fund, and Sun Hung Kai Properties announces the completion of a… Read More>>
Asia Real Estate People in the News 2022-12-05
A director change at a Singapore-listed REIT leads this week’s collection of personnel moves from around the region, as Singapore’s CDL sees the departure of its chief investment officer. There’s also a new finance boss at Hong Kong-listed Kerry Properties,… Read More>>
China’s PBOC Cuts Bank Reserve Requirements and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, analysts applaud China’s 25-basis-point RRR cut but say further measures are needed, developer CIFI escapes a short-lived winding-up attempt, and an investment vehicle owned by APG and GIC acquires a Paris hotel.
China’s CIFI Suspends Debt Payments and More Asia Real Estate Headlines
Mainland China’s developer credit crisis dominates the news again today after Shanghai-based CIFI Holdings announced that it will enter restructuring and Greenland Group said it will seek an extension on an offshore bond. Also, getting some virtual ink is a… Read More>>
Asia Real Estate People in the News 2022-10-24
More turnover at defaulting Chinese developers leads this week’s collection of regional personnel moves with Shanghai’s CIFI losing a business development leader. Also announcing changes were SGX-listed Frasers Property which named a pair of new directors to its board, and… Read More>>
Shanghai’s CIFI Defaults on Offshore Bond Despite Government Support
CIFI Holdings said on Thursday that it has failed to make payments due on offshore debts, with creditors indicating that it defaulted on a payment on a HK$2.5 billion ($318 million) convertible bond due on 8 October.
A notice… Read More>>
Evergrande Boss Said Selling London’s Priciest Mansion and More Asia Real Estate Headlines
Leading off today’s roundup of regional news headlines is China Evergrande founder Xu Jiayin, aka Hui Ka Yan, who reportedly has been unmasked as the ultimate owner of London’s most expensive house — a Knightsbridge mansion previously linked solely to… Read More>>
CIFI Holdings Confirms Trust Loan Default as Stock Drops 48%
China’s property crisis continues to spread with CIFI Holdings, a Shanghai-based developer which has received government support in securing new financing, disclosing this week that it has defaulted on an onshore trust loan.
Credit intelligence provider Reorg reported Wednesday that… Read More>>
Blackstone Said Selling Stake in Embassy REIT and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity titan Blackstone is reportedly set to offload up to a $400 million stake in India’s first publicly listed REIT, Singapore’s Stamford Land sells an upscale hotel in downtown Sydney, and banking… Read More>>
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