Financially-troubled HNA Group on Tuesday announced to the Shanghai Exchange that its shareholders have rejected a RMB 1.3 billion ($190 million) deal to sell a Beijing office tower to China Vanke, which the two companies had agreed to in late… Read More>>
Hong Kong-listed builder Hopson Development announced last week that it has become the latest mainland buyer of a floor in the Center, a premium office property located in Hong Kong’s Central business district.
The Guangdong-based builder is paying approximately HK$1.1 billion… Read More>>
WeWork is planning to triple its number of locations in Hong Kong to at least 18 within the next two years, Alan Ai, general manager of WeWork Greater China, said at the opening ceremony of the flexible office provider’s first… Read More>>
Just days after stories emerged of China’s HNA Group putting some 82 properties on the market, a list of nine overseas properties being offered for sale by the defaulting conglomerate has been obtained by mainland news website, thepaper.cn.
HNA’s latest… Read More>>
Hong Kong and Shenzhen-listed real estate developer Overseas Chinese Town Holding has purchased a pair of mixed-use sites in the centre of Shenzhen’s Bao’an district for RMB 4.2 billion ($605 million) at a government land auction on October 10th, according… Read More>>
Blackstone is acquiring a set of ten community retail properties in Hong Kong from Link REIT for HK$10 billion ($1.28 billion), according to an account in the city’s Ming Pao newspaper, citing sources familiar with the transaction.
The reported retail… Read More>>
Xiaozhu, China’s answer to Airbnb, announced on Wednesday that it has raised $300 million from investors led by Jack Ma’s Yunfeng Capital, boosting its financial muscle to better compete with local rivals and US giant Airbnb for a slice of… Read More>>
Owners of an aging set of luxury condominiums on Hong Kong’s Victoria Peak have applied for a compulsory sale in the hope of redeveloping a property that dates back to 1892.
The potential asking price for the collective sale of… Read More>>
Superinvestor Masayoshi Son’s SoftBank is in talks with WeWork to invest $15 billion to $20 billion in the co-working pioneer, according to sources familiar with the discussions cited in a Wall Street Journal report on Wednesday.
The US shared office… Read More>>
Troubled Chinese conglomerate HNA Group has put on the market property assets said to be worth up to $11 billion in its latest move to steady the ship, according to a Reuters account.
HNA has provided lists containing some 82… Read More>>