WeWork has proven to be a game-changing business – at least for deposed CEO Adam Neumann.
Under the terms of a bailout package put together by Softbank, the WeWork founder will be receiving around $1.7 billion in compensation in return… Read More>>
Temasek Bids for Controlling Stake in Keppel Group in S$4.1B Deal
Singapore’s Temasek Holdings has made a bid to take a controlling stake in Keppel Corp through an offer that values the engineering, infrastructure and real estate group at S$4.1 billion ($3 billion).
If successful, the offer will give the state… Read More>>
Le Eco Beijing Tower Up for Auction on JD.Com for RMB 678M
After its founder filed for personal bankruptcy in the US just last week, Chinese tech startup LeEco has seen its Beijing headquarters put up for sale by the capital’s courts after the electronics-to-video streaming group failed to make payment on… Read More>>
Datuk Paul Khong Named Head of Savills Malaysia
Savills has named Datuk Paul Khong as head of its Malaysia business following the departure of executive chairman Chris Boyd and deputy executive chairman Allan Soo.
Khong will be taking the reins at the company that until four years ago… Read More>>
Singapore’s GIC Buys Paris Office Tower for Reported €530M
Singapore’s sovereign wealth fund has made a fresh shopping trip to Paris, picking up yet another commercial tower in the City of Light.
GIC, which has over $100 billion in assets under management, announced on Friday that it has acquired… Read More>>
Hong Kong Residential Start-Up Dash Living Secures $10M in Mindworks-led Funding Round
Residential start-up Dash Living is launching its first co-living project in Hong Kong after receiving commitments of $10 million in a pre-series A funding round.
The 51-room property on Carnarvon Road in Tsim Sha Tsui brings the five-year-old company’s portfolio… Read More>>
China Cinda Revealed as Buyer in HK$4.3B Deal for Kimberley Hotel in Hong Kong
State-owned “bad bank” China Cinda Asset Management has been revealed as the buyer of a hotel in Hong Kong’s Tsim Sha Tsui area, spending HK$4.3 billion ($550 million) on the asset despite a 70 percent slump in hotel investment during… Read More>>
Hong Kong’s Carrie Lam Turns to Housing Amid Political Turmoil
Hong Kong’s embattled chief executive Carrie Lam announced a raft of measures to help low-income households and the middle classes buy their own homes in her annual Policy Address this week in a belated attempt to tackle high housing prices… Read More>>
CITIC’s China Zun Opens as Beijing’s Tallest Building
Chinese financial conglomerate CITIC Group has inaugurated Beijing’s tallest skyscraper, formally known as the CITIC Tower, eight years after breaking ground.
At 528 metres (1,732 feet) tall, and commonly known as China Zun, the skyscraper rises above its closest rival… Read More>>
Allianz, Alpha JV Buys 85% Stake in Beijing Commercial Complex From D&J China for €1B
A joint venture between Allianz Real Estate and funds managed by Alpha Investment Partners has agreed to invest €1 billion ($1.1 billion) to acquire a Beijing commercial complex from Warburg Pincus-backed developer D&J China, according to announcements by the companies.
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