Asia real estate and outbound investment news
Less than a week after announcing its consolidation of three APAC-focused co-working operators, Flexi Group on Monday revealed plans to go public in the US through a merger with a special purpose acquisition company.
Flexi is combining with NASDAQ-listed TG… Read More>>
An APAC player is having a go at building a WeWork-style empire, with newcomer Flexi Group announcing its consolidation of three regional operators to create what it bills as Asia Pacific’s largest operator of flexible workspaces.
The startup led by… Read More>>
CapitaLand-managed Ascott Residence Trust is continuing to diversify beyond hospitality assets with news of its latest acquisition leading today’s collection of property headlines. Also in the news, China’s central government is taking further steps to prop up a select group… Read More>>
The real estate sector got a push out of its tech lethargy on 16 November when former WeWork China head of innovation and technology, Dominic Penaloza, unveiled technology development studio REinvent, an incubator catering to the needs of the real… Read More>>
The parent company of Regus has helped itself to a space in Hong Kong vacated by rival WeWork, as the balance of power shifts within the flexible office universe.
IWG, which owns Regus and four other flexible office brands, confirmed… Read More>>
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US investment bank is seizing shares in a scandal-hit coffee chain after the company’s chairman defaulted on a $518 million loan.
In… Read More>>
Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent last month threatening a U-turn on the deal which gave it control of the troubled co-working pioneer.
The Japanese investment… Read More>>
A binned self-storage deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the highest bidder for an Australian REIT is said to have backed out of the deal, citing market conditions, having… Read More>>
Shared office provider WeWork has found a new chief executive as the financially challenged company takes another step in its struggle for profitability.
Brookfield Properties executive Sandeep Mathrani will join the New York-based firm as CEO on 18 February, according… Read More>>
Daito Trust Construction Co., Ltd (“Daito Trust”), a listed construction and real estate company in Japan will invest a US$50 million in JustCo Holdings Pte. Ltd. (“JustCo”). In addition, Daito Trust will invest up to an additional JPY 2.65 billion… Read More>>
