The appeal of Singapore industrial assets with long land leases leads today’s headline roundup today, with a unit of China’s HNA Group teaming up with a pair of companies led by natives of the Chinese port city of Wenzhou to… Read More>>
HNA Said Selling Last London Asset at 24% Markdown in Escape From UK
HNA Group has sold its last asset in the UK to Hong Kong-based investment firm Sun Hung Kai & Co and Australia’s Macquarie Group for £100 million ($129 million), with the troubled mainland conglomerate completing its business Brexit while UK… Read More>>
HNA Unit Sells US Golf Courses at 24% Discount After Assets Seized
China’s HNA Group continued to sell off its overseas portfolio this month as a subsidiary of the company announced that it was selling a set of golf courses in the US which it had purchased in 2016 amid a record-breaking… Read More>>
Lenders to Sell Warehouse Unit of HNA’s CWT Intl and More Asia Real Estate Headlines
Logistics lead the way in Mingtiandi’s roundup of real estate headlines today as lenders plan to sell off the warehousing and metals trading units of a company controlled by cash-strapped conglomerate HNA, while shed projects in the Middle East are… Read More>>
HNA Unit Says Creditors Seized Assets in SG, US, China After Loan Default
Lenders to CWT International Ltd have seized control of its assets in Singapore, China and the US after the unit of HNA Group failed to repay a short term loan taken out last October, a filing to the Hong Kong… Read More>>
GIC, COFCO Said Piloting Mainland REIT and More Asia Real Estate Headlines
The launch of India’s first REIT last month may have served as a wake up call for Chinese regulators, who have been millimetring toward listed property trusts for more than a decade, but now seem ready to launch a pilot… Read More>>
WeWork Said to Back Out of Five Hong Kong Lease Deals and More Asia Real Estate Headlines
Mainland investors are back in a buying mood, according to news reports from China today, but the world’s biggest co-working provider may be feeling suddenly budget-conscious in Hong Kong a new account from Reuters says. Meanwhile in Singapore, the landlords… Read More>>
HNA’s CWT International Defaults on HK$1.4B Loan
CWT International (CWTI), a unit of Chinese conglomerate HNA Group announced on Tuesday that it had defaulted on a HK$1.4 billion ($179 million) loan it received less than seven months ago — an event which its creditors say could lead… Read More>>
Asia Real Estate People in the News 2018-10-22
The world of valuations gets a bit of attention in this week’s collection of real estate professionals finding new roles around the region as JLL hires away a veteran valuer from rival Savills in Singapore. Sheds also figure into this… Read More>>
HNA Said in Talks to Sell CWT Logistics in Singapore and More Asia Real Estate Headlines
HNA’s big global clearance sale drags the mainland conglomerate into the region’s real estate headlines again today as the company shops a $1 billion Singapore logistics enterprise in an attempt to make a dent in its debt wall. Further north,… Read More>>