Casinos lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Australia’s king of gambling has given up a $1.3 billion chunk of his business to the son of Macau’s Godfather of Gambling, while… Read More>>
Why GIC Confronted GLP on Buyout Process and More Asia Real Estate Headlines
Leading today’s news, Bloomberg spills on the complaints that forced Singapore’s GIC to complain about the GLP sale to the warehouse developer’s management. In other headlines, a group headed by Chinese President Xi Jinping announced it would step up scrutiny… Read More>>
China Charging Crown Staff in Court and More Asia Real Estate Headlines
Court dates and innovation dominate today’s real estate headlines. Billionaire James Packer finds his staff headed to trial on gambling charges in China, while the owners of developers Great Eagle and Shui On will be asking a judge to help… Read More>>
Packer’s Crown Resorts Cashes Out of Macau and More Asia Real Estate Headlines
James Packer is one of the world’s best known gamblers, but even Australia’s casino king may have found the odds a bit too long in Macau, according to a story in the Wall Street Journal today. Also in the headlines,… Read More>>
Xander, APG Team Up to Buy North India Mall for $109M and More Asia Real Estate Headlines
One of the UK’s biggest private equity firms is ready to invest in India’s retail sector, and now has the backing of major Dutch pension manager. Also in the headlines today, China’s Wanxiang Group continues its string of US real… Read More>>
Chinese Homebuyers May Be Abandoning California Dreams and More Asia Real Estate Headlines
Leading today’s headlines is the sudden disappearance of China’s cashed-up millionaires from the southern California property market, as the mainland’s capital controls hit home. Also in the news, James Packer’s Crown Resorts is backing away from plans to fill its… Read More>>
Crown to Sell $1.18B Stake in Macau Casino After China Arrests and More Asia Real Estate Headlines
Bankruptcies, gambling busts and co-working booms fill the headlines today as Asia’s real estate world refuses to go quietly into the final days of 2016. James Packer is selling off his Macau operation as key members of his China team… Read More>>
Packer Casino Staff Formally Arrested By Chinese Cops and More Asia Real Estate Headlines
It may be Thanksgiving in the US today, but some of those in the real estate industry outside of America won’t be giving thanks on this Thursday. James Packer is reeling after Chinese authorities arrested three of his employees while… Read More>>
APAC Casino Developers on Notice As Chinese Cops Detain 18 Packer Executives
China cracked down on James Packer’s Crown Resorts detaining 18 employees working for the billionaire’s mainland team. The Australian gaming magnate, who owns casinos in Macau and the Philippines, as well as in his home country, is estimated to have lost… Read More>>
Greenland Group Teams with Packer for Brisbane Casino Bid
China’s most aggressive overseas investor has teamed up with Australia’s second-richest man in a race to win the rights to a multi-billion dollar casino development in Brisbane, Australia. In a joint venture first reported on Friday, Shanghai’s Greenland Group plans… Read More>>
