As Asia Pacific’s hospitality industry struggles to put COVID-19 in the rearview mirror and lure back wary guests, Hilton is trying to get a jump on the market with the launch of a large-scale franchise model in China and a… Read More>>
HNA Chairman, CEO Detained as Restructuring Enters Home Stretch
China’s HNA Group, which declared bankruptcy earlier this year after struggling to pay off debts that once totalled over $100 billion, has added a new chapter to its restructuring as two of its top officials have been taken away by… Read More>>
Evergrande Car Dreams Stall as Vehicle Unit Admits Payroll in Doubt
New signs of liquidity pressure on China Evergrande Group emerged late Friday night when the collapsing mainland developer’s electric car unit warned that it would need to find new sources of capital in order to continue production and meet its… Read More>>
Longtime Evergrande Backer Chinese Estates Dumps Shares at Loss, Eyes Full Exit
China Evergrande Group received a fresh gut-punch from a steadfast investor on Thursday, with Hong Kong property firm Chinese Estates revealing that it had dumped 13 percent of its shareholding in the embattled developer at an eye-watering loss and was… Read More>>
Hyperscalers Shaping Data Centre Demand in North Asia: MTD TV APAC Data Centre Forum 2021
With seemingly limitless demand bumping up against supply constraints and entry barriers in North Asia, hyperscale data centres… Read More>>
Hines and Korea’s NPS Acquire San Francisco Complex for $2.5B Redevelopment
US developer Hines and South Korea’s National Pension Service have set a new bar for their longtime partnership by announcing a $2.5 billion commercial and residential megaproject in downtown San Francisco.
After completing the $800 million acquisition of the Pacific… Read More>>
IOI Properties Makes Sole Bid of $1.1B for Marina View Site in Singapore
Malaysian developer IOI Properties Group emerged as the sole bidder for a development site near Singapore’s Marina Bay at a government land sale tender that closed Tuesday.
For the Marina View “white site”, which can serve a range of uses… Read More>>
R&F Owners Sell Property Management Unit to Country Garden in $1.3B Deal
Under pressure from the slow-motion collapse of competitor China Evergrande and needing to pay off RMB 12 billion ($1.86 billion) in capital market debt in the next 12 months, the controlling shareholders of Guangzhou R&F Properties worked out a pair… Read More>>
Kuok Family of Kerry Group Buys London West End Office Building for $199M
The Kuok family behind Hong Kong developer Kerry Properties has purchased an office building in the swanky St James’s district of London’s West End for £145.5 million ($198.8 million), becoming the latest members of Asia’s elite to pick up property… Read More>>
Evergrande Spiral Dents Mainland Developers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, contagion fears abound as China Evergrande’s liquidity crisis puts pressure on bonds issued by other mainland and the cash-strapped developer reveals that executives made early redemptions of some of the group’s investment… Read More>>
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