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Lin Zhong, chairman of CIFI Holdings (Group); portrait photo taken in his office at One Pacific Place, Admiralty.

CIFI Looks to Sell Shanghai Headquarters, Warns of $2B Full-Year Loss

2023/03/13 by Christopher Caillavet Leave a Comment

CIFI Holdings is shopping some of its most high-profile real estate assets in its Shanghai hometown, including its headquarters building held with joint venture partner Henderson Land, as the cash-strapped builder warns of a multibillion-dollar loss in its full-year financial… Read More>>

Jingrui co-chairman Yan Hao

Jingrui Selling Shanghai Commercial Building to China Construction Bank for $19M

2023/03/13 by Christopher Caillavet Leave a Comment

Jingrui Holdings has agreed to sell a commercial building in Shanghai’s Xuhui district to state-owned China Construction Bank for RMB 132.4 million ($19.2 million), as the mainland developer continues to unload assets after a recent default on offshore debt.

Jingrui… Read More>>

10 Black's Link

Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion

2023/03/12 by Beatrice Laforga Leave a Comment

Evergrande boss Xu Jiayin still holds the reins of what was once China’s biggest builder, but his pile of assets is getting whittled down with an HK$880 million ($112.1 million) mansion formerly held by the developer said to be nearing… Read More>>

Kwok Ying-shing of Kaisa

Stock Plunge Greets Release of Kaisa’s Loss-Making 2021 Results as Trading Resumes

2023/03/11 by Christopher Caillavet Leave a Comment

Mainland builder Kaisa Group Holdings posted a loss of RMB 13.3 billion (now $1.9 billion) in its long-delayed 2021 annual report released Thursday, sending shares tumbling when they resumed trade Friday morning after a suspension since last April.

The red… Read More>>

Sachin Doshi, Founder & Group CEO, Weave Living

Rental Housing Operator Weave Opens First Location in Singapore 

2023/03/09 by Beatrice Laforga 1 Comment

Weave Living opened its first location in Singapore this week with the facility in Kampong Glam half leased at rents exceeding expectations, Sachin Doshi, founder and chief executive of the Hong Kong-based startup told Mingtiandi on Thursday.

The Warburg Pincus-backed… Read More>>

St Katharine Docks London

CDL Completes $468M Buy of London Mixed-Use Complex From Blackstone

2023/03/09 by Christopher Caillavet Leave a Comment

Singapore’s City Developments Ltd has completed its purchase of the St Katharine Docks complex in central London from funds advised by Blackstone for £395 million ($468.2 million).

The property spans more than 500,000 square feet (46,450 square metres) of office,… Read More>>

Guy Bradley of Swire Properties

Swire Properties Underlying Profit Falls 9% as Regional Investment Plan Barrels Ahead

2023/03/09 by Christopher Caillavet Leave a Comment

Swire Properties posted a 9 percent decline in its full-year underlying profit, primarily due to a reduction in income from the sale of car parking spaces at the Hong Kong-based developer’s Taikoo Shing residential project in Quarry Bay.

Underlying profit… Read More>>

Kunihiko Okumura LaSalle

LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund

2023/03/08 by Christopher Caillavet Leave a Comment

LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as Japan CEO at the fund management unit of JLL.

In addition, Itaru Nogami will replace Ryota Morioka as fund manager of the firm’s… Read More>>

Sachin Doshi, Founder & Group CEO, Weave Living

Warburg Pincus, Weave Lead Off Mingtiandi Residential Forum on Tuesday

2023/03/08 by Michael Cole Leave a Comment

One of Asia’s hottest real estate investment sectors comes into focus starting next week as Mingtiandi begins its APAC Residential Forum with an interview of top executives from Warburg Pincus and Hong Kong’s Weave Living.

The spotlight interview session brings… Read More>>

Tokyu Land’s Activia REIT to Buy Tokyo Office Building for $220M, Sell Ginza Site Stake

2023/03/08 by Christopher Caillavet Leave a Comment

Activia Properties has agreed to acquire a central Tokyo office building for JPY 30.6 billion ($220 million), with the transaction to be financed in part by the disposal of the Japanese REIT’s interest in the land beneath a Ginza mall.

… Read More>>

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