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serene nah kerry

Kerry Buys Piece of Central Shanghai Megaproject Site for $2.1B

2022/01/05 by Christopher Caillavet Leave a Comment

Hong Kong-listed developer Kerry Properties on Tuesday revealed details of a supersized mixed-use project in Shanghai’s central Huangpu district after acquiring the land use rights to a set of four development plots for RMB 13.3 billion ($2.1 billion).

Kerry, which… Read More>>

Amazon Wins Round in India Retail Battle with Future Group, Reliance

2022/01/05 by Beatrice Laforga Leave a Comment

Delhi’s top court has rejected a plea from a retail unit of billionaire Kishore Biyani’s Future Group to quash Singapore arbitration proceedings filed by e-commerce giant Amazon, dashing the troubled Indian retailer’s hopes to overturn a case that… Read More>>

Xu Jiayin

Evergrande Says Hainan Demolition Order Applies ‘Only to 39 Buildings’

2022/01/04 by Christopher Caillavet Leave a Comment

China Evergrande Group on Tuesday confirmed earlier accounts that Hainan officials had ordered the debt-saddled developer to demolish several dozen buildings at its Ocean Flower Island resort megaproject in the province.

In a filing with the Hong Kong stock exchange,… Read More>>

sun hongbin

Sunac Services Scraps $360M Acquisition of Modern Land Property Management Unit

2022/01/04 by Christopher Caillavet Leave a Comment

Mainland developer Sunac China Holdings’ property management unit has terminated an October deal to acquire a services affiliate of competitor Modern Land, which announced a large offshore debt default less than 20 days after the preliminary agreement was struck.

Hong… Read More>>

Shui On Land Jessica Wang

Shui On Promotes Jessica Ying Wang to CEO in Leadership Shuffle

2022/01/04 by Pawara Laothamatas Leave a Comment

About three months after filing an application to list its Xintiandi division on the Hong Kong Stock Exchange, Shui On Land has announced two senior appointments with Jessica Ying Wang stepping up as the company’s executive director and chief executive… Read More>>

Sharon Lim MCT

Mapletree Proposes $3.13B Merger of Singapore, North Asia Commercial REITs

2022/01/03 by Beatrice Laforga Leave a Comment

Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4.22 billion ($3.13 billion) deal which would create Asia’s seventh-largest REIT.

If shareholders approve, the merger would establish Mapletree Pan Asia… Read More>>

Claire Tang Lasalle

LaSalle, Jingrui Acquire West Shanghai Multi-Family Value-Add Project

2021/12/31 by Christopher Caillavet Leave a Comment

LaSalle Investment Management has closed on its joint acquisition alongside a unit of Shanghai-based developer Jingrui Holdings of a retail and hotel property in the megacity’s Hongqiao area, with plans to convert the distressed asset into a multi-family residential project.

… Read More>>

Softwall Launch Banner 320x320 v1

Mingtiandi Memberships Launched – Access to News and Events Simplified

2021/12/31 by Michael Cole Leave a Comment

After more than a decade of daily updates on the region’s real estate happenings and two years after launching our MTD TV video platform, Mingtiandi is proud to provide our Mingtiandi membership service to bring unified registration for our news… Read More>>

CDL COO Kwek Eik Sheng

CDL Chairman Names Nephew as Group COO, Refills Empty Board Slots

2021/12/31 by Beatrice Laforga Leave a Comment

With a fresh round of cooling measures having dealt a fresh blow to a company still reeling from a S$1.9 billion (now $1.4 billion) loss last year, City Developments Ltd (CDL) has turned to the family for some help.

The… Read More>>

Guo Ziwen Aoyuan

Citibank, Hong Kong’s Nine Masts Capital Sue China Aoyuan to Collect $131M Debt

2021/12/30 by Christopher Caillavet Leave a Comment

A Hong Kong hedge fund led by a professional poker player sees China Aoyuan Group as a busted flush, and Nine Masts Capital has joined Citibank in taking legal action to recoup more than $131 million owed to them by… Read More>>

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