The shared office giant once known as WeWork has filed the prospectus for its initial public offering, taking the latest step towards what is expected to be the second largest stock debut of this year.
The S-1 filing with the… Read More>>
GIC Aims for the Cloud in China Data Centre Tie-Up with GDS
GDS Holdings has entered into an agreement with GIC to build and operate hyperscale data centres in China, including in markets beyond the country’s first tier cities, according to a statement by the Shanghai-headquartered company.
Initially, the Singaporean sovereign wealth… Read More>>
Owners of HK’s New World Rethink £8.4B London Scheme as Brexit Looms
A UK non-profit organisation has announced that the £1 billion ($1.2 billion) centrepiece of a scheme to regenerate London’s Greenwich Peninsula has been dropped by the Hong Kong-based company set up seven years ago by billionaire property tycoon Henry Cheng… Read More>>
Allianz, APG Invest $150M Each in Godrej India Office Development Platform
The property investment arm of Allianz Insurance has committed $150 million to an office development platform in India set up by conglomerate Godrej Group, according to an announcement by the European insurer.
The joint venture, which is to be managed… Read More>>
Hana Financial Teams Up to Buy Vienna Hilton for €370M
Munich-based Wealthcore Investment Management has joined forces with a consortium of Korean investors including Hana Financial Investment to acquire the Hilton Parkview hotel in Vienna for €370 million ($414 million), according to an announcement by the German firm.
Wealthcore and… Read More>>
Far East Consortium Pays HK$2.45B to Win Kai Tak Site at 9% Discount
Hong Kong’s Lands Department announced on August 12 that Far East Consortium International won a tender for the smallest plot of commercial land at Hong Kong’s former Kai Tak airport at a price of HK$2.45 billion ($312 million).
The local… Read More>>
Evergrande Profit Falls 49% in 2019 1H as Car Unit Loses RMB 2B
China’s third-largest developer by sales, China Evergrande Group, has warned shareholders of falling profits for the first half of the year, according to an alert filed with the Hong Kong stock exchange last Friday.
The Shenzhen-based real estate giant told… Read More>>
Zhang Li’s US Firm Booted From Troubled Silicon Valley Projects
Z&L Properties, which is privately funded by Guangzhou R&F Properties’ co-founder Zhang Li, has been kicked off two of its four development projects in California’s Silicon Valley after failing to hit contractually designated project milestones, according to local media.
San… Read More>>
Sun Hung Kai Teams Up with Ping An to Win Hangzhou Site for RMB 13.26B
A joint venture between Sun Hung Kai Properties and Ping An Insurance has won a land parcel in Hangzhou for RMB 13.26 billion ($1.88 billion), earning the right to develop 857,700 square metres (9.23 million square feet) of commercial and… Read More>>
Mainland Rental Housing Operator Lejia Defaults on Debts, Shuts Down
Mainland rental housing operator Lejia ended weeks of speculation by announcing through the company’s official WeChat account this past week that it has “ceased operation, closed down all business, and let go of most of its staff.”
Three-year-old Lejia, which… Read More>>
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