Madam Tussauds owner Merlin Entertainments plans to open a Legoland resort in Shanghai to cash in on the rising family tourism market in China, according to a statement this week by the company, which is in the process of… Read More>>
WeWork Said Looking for Exit From Half-Dozen Hong Kong Centres
WeWork has backed out of an agreement to occupy space in Hong Kong’s Hopewell Centre even before it got a chance to move in, according to sources familiar with the decision who spoke with Mingtiandi.
The troubled co-working pioneer is… Read More>>
ARA US Hospitality Trust Buys Trio of Texas, North Carolina Hotels for $84.5M
ARA US Hospitality Trust has agreed to acquire a 390-key trio of select-service hotels in the US for $84.5 million, just six months after the trust raised $498 million in its debut on the Singapore stock exchange.
The trust has… Read More>>
Get the Event You Want in 2020: Take Mingtiandi’s 2 Minute Event Survey
Mingtiandi’s first event of 2019 is on its way in Hong Kong later this month, and we have already received strong response with more than 60 percent of tickets sold with three weeks yet to go before the event… Read More>>
Blackstone Brings Former LimeTree Exec Aboard as China MD
Former LimeTree Capital Partners executive Mark Cho has joined Blackstone as managing director of asset management with the alternative investment giant’s China real estate team, according to a spokesperson for the New York-based firm.
The Blackstone representative confirmed to Mingtiandi… Read More>>
China’s Huazhu Hotels Buys German Hospitality Group for $802M
In a sign of how life may be changing for global plutocrats, the next World Economic Forum in Davos may be held at a Chinese budget hotel. Or at least at a property owned and managed by China’s Huazhu Hotels… Read More>>
New World Aims for Residential Redevelopment with HK$458M Kowloon Tong Buy
New World Development has acquired a set of flats in an upscale neighbourhood of Hong Kong for a combined HK$458 million ($58 million), as the developer closes in on another potential redevelopment project.
Land Registry documents reveal that 16 flats… Read More>>
GIC–Charter Hall JV Buys Sydney Office Tower From Brookfield for A$415M
A joint venture between Singapore’s sovereign wealth fund, GIC and Australian property group Charter Hall has acquired a landmark office building 25 kilometres northwest of central Sydney, according to an announcement by the two companies today.
The JV has paid… Read More>>
ESR Buys Sydney Site for A$142.5M Just Days After Hong Kong IPO
Newly listed ESR has acquired a development site in eastern Australia for A$142.5 million ($99 million), valuing its development pipeline in Australia at A$1.8 billion, according to a company announcement.
The Warburg Pincus-backed logistics specialist has zeroed in on the… Read More>>
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… Read More>>
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