Tag: CWT

  • HNA Said Selling Last London Asset at 24% Markdown in Escape From UK

    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 politicians continue to debate their larger more political task. Like their counterparts in the political…

  • HNA Unit Sells US Golf Courses at 24% Discount After Assets Seized

    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 cross border buying binge. CWT International Limited, a unit of HNA Group, announced in a…

  • Lenders to Sell Warehouse Unit of HNA’s CWT Intl and More Asia Real Estate Headlines

    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 receiving a $4 billion boost from China. In other news around the region, the family…

  • HNA Unit Says Creditors Seized Assets in SG, US, China After Loan Default

    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 Stock Exchange revealed late Monday. Last week, CWT International (CWTI) announced that it had defaulted…

  • GIC, COFCO Said Piloting Mainland REIT and More Asia Real Estate Headlines

    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 programme including a vehicle sponsored by COFCO’s Grandjoy unit, according to a new report late…

  • WeWork Said to Back Out of Five Hong Kong Lease Deals and More Asia Real Estate Headlines

    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 of HNA’s defaulting CWT logistics subsidary say they are still receiving their rent checks and…

  • HNA’s CWT International Defaults on HK$1.4B Loan

    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 to seizures of real estate and other assets. In a filing to the Hong Kong…

  • Asia Real Estate People in the News 2018-10-22

    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 week’s people moves as the deputy CEO of a Singaporean logistics operator decides to take…

  • HNA Said in Talks to Sell CWT Logistics in Singapore and More Asia Real Estate Headlines

    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, Hong Kong and Guangdong province are just beginning to dig out from the damage caused…

  • HNA Sells Five Singapore Warehouses to Mapletree Logistics Trust for $535M

    HNA Sells Five Singapore Warehouses to Mapletree Logistics Trust for $535M

    A unit of HNA Group has agreed to sell a set of five Singapore warehouses to Mapletree Logistics Trust for S$730 million ($535 million) less than seven months after acquiring the assets, according to an announcement by Mapletree on July 5th. The embattled Chinese conglomerate’s CWT International is selling the 3.2 million square feet (297,000 square metres)…