Asia real estate and outbound investment news
IWG, the parent company for Regus has agreed to sell its Japanese business for £320 million ($446 million) as the flexible office provider shifts toward a franchise model.
The London-listed firm is selling 100 percent of the equity in the… Read More>>
Hong Kong-listed Chinachem is suing Kr Space for HK$500 million ($63.8 million) accusing the mainland co-working space provider of breaking a five-year lease contract, according to a writ filed by the property developer with Hong Kong’s High Court.
Kr Space,… Read More>>
Filipino co-working operator KMC has won fresh financial backing from a Malaysian-Japanese investment fund, according to an announcement today by the Manila-based firm.
KMC, a unit of the company which operates property agency KMC Savills, said that it will use… Read More>>
While some of its domestic competitors show signs of stumbling, Chinese co-working giant Ucommune has raised RMB 200 million ($29.8 million) in a round backed by a real estate affiliate of Chinese industrial conglomerate Beijing Xingpai Group, according to information… Read More>>
Mainland co-working startup Kr Space has surrendered an 83,000 square foot (7,712 square metre) lease in Hong Kong’s Wanchai district, casting doubts over the future of one of the major players in China’s boom-gone-bust flexible office industry.
The decision by… Read More>>
Shopping centres seem to be swinging back into style with investors and a story on Indonesia’s Lippo Group preparing to sell a Jakarta mall leads Mingtiandi’s set of real estate headlines from around the region today. There’s also signs of… Read More>>
Mainland co-working provider Kr Space, a spinoff of Alibaba-backed tech media firm 36Kr, is said to be closing down six locations, spanning 30,000 square meters (322,917 square feet) according to local media accounts, a move which casts doubts over the… Read More>>
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
Tech investor Softbank has agreed to invest a fresh $2 billion in the shared space giant formerly known as WeWork, according to an announcement on Tuesday by the co-working pioneer.
The new investment represents around 12 percent of the $16… Read More>>
After two years of operating and expanding its Asian operation to 123 centres in nine countries, New York-based co-working provider WeWork believes its brand power and client demand has prepared it to begin partnering with landlords to supply the region’s… Read More>>
