After last month shepherding its second India office joint venture to a successful IPO Blackstone is assembling a wholly-owned commercial property platform in the country, according to a report in the local press today.
Apart from the… Read More>>
Shanghai Authorities Nab COLI, CR Land Execs Over Rigged Land Sale
Shanghai authorities have detained executives at China Resources Land and China Overseas Land & Investment (COLI), after a government auction for a prime slice of residential land in Hongkou district aroused suspicion when all bids came in at the publicly… Read More>>
Li Ka-shing’s Watson Group Sued Over Unpaid Rent and More Asia Real Estate Headlines
News of one of Hong Kong’s biggest landlords failing to pay his rent leads Mingtiandi’s roundup of Asia real estate headlines today with the news that the owner of a shopping centre in Holland has launched court proceedings against personal… Read More>>
SG Hotel Revenues Plunge 40% in February and More Asia Real Estate Headlines
Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s average hotel occupancy fell to 51 percent in February, triggering a 40 percent plunge in revenues.
In other news around the… Read More>>
Mainland Developer China Overseas Land & Investment Names New CEO
Hong Kong-listed mainland developer China Overseas Land & Investment (COLI) announced this month that it had named a new chief executive to work alongside chairman Yan Jianguo.
Zhang Zhichao took over as CEO of the subsidiary of state-owned giant China… Read More>>
COLI, Henderson, K Wah and Wharf Buy HK$15.95B Kai Tak Site at a Discount
As clashes between police and protesters in Hong Kong escalate, the largest piece of land on the site of the Asian financial hub’s former airport has been sold at a discount to a consortium of Hong Kong-listed developers.
The city’s… Read More>>
Henderson, Wheelock and New World Lead HK$12.6B Kai Tak Land Buy
Hong Kong’s Lands Department on Tuesday announced that a consortium of six developers had won the third-largest residential plot on what had been the runway of Hong Kong’s former Kai Tak airport for a record HK$12.6 billion ($1.6 billion).
The… Read More>>
Sunac Spends RMB 15.2B on Wuhan Sites and More China Land Sales
With liquidity continuing to flow into China’s financial system, the country’s property developers have more cash on hand for their battle for new sites, and there are signs from Wuhan, Xiamen and even Nantong that some of the nation’s top… Read More>>
Luckin Coffee to Open 2,500 New Mainland Stores and More Asia Real Estate Headlines
The race for the hearts and wallets of China’s coffee addicts leads today’s real estate news as venture-backed Luckin Coffee says it will open 2,500 new stores this year. That optimistic worldview may not be shared by China Overseas Land… Read More>>
COLI Wins Plot on HK’s Former Kai Tak Runway for Bargain HK$8B
China Overseas Land & Investment (COLI) picked up Hong Kong’s final residential plot of the year for a bargain HK$8.03 billion ($1.03 billion), as clouds gather over Asia’s most expensive real estate market.
The state-run mainland developer purchased the site on… Read More>>
