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Ashish Khandelia KKR

KKR India Real Estate Head Said Leaving to Start New Business

2018/05/01 by Michael Cole Leave a Comment

KKR India real estate chief Ashish Khandelia is said to be leaving the US private equity firm to start his own business, according to an account this week in Singapore-based Dealstreet Asia.

Khandelia would be leaving the US buyout giant… Read More>>

HNA Chen Feng

HNA Close to Sales of NYC, European Assets After Interest Payments Hit $5.1B in 2017

2018/04/30 by Shawna Kwan Leave a Comment

HNA Group has the highest interest expenses among Asian companies in the financial year of 2017, even topping Japanese conglomerate Softbank Group, according to a Bloomberg report. To address a debt crisis triggered by its recent two-year acquisition binge the… Read More>>

Robert Iger Disney

Shanghai Disney Adds Toy Story Land as Rival Chinese Parks Struggle

2018/04/28 by Shawna Kwan Leave a Comment

Two weeks after a top Chinese government planning body warned against the “blind” construction of theme parks, Walt Disney unveiled the first expansion of its Shanghai Disney Resort with the presence of municipal government representatives sporting grins nearly as large… Read More>>

Cuscaden Road site

New World, FEC and SC Global in Record $309M Singapore Site Bid

2018/04/28 by Shawna Kwan Leave a Comment

Hong Kong developers New World Development and Far East Consortium have teamed up with their Singapore counterpart SC Global Developments to lodge a record S$410 million ($309 million) bid for a residential site near the city-state’s Orchard Road, according to an… Read More>>

Tan Juay Hiang, CEO of Ascendas Hospitality Trust

Ascendas Hospitality Trust Ventures into Korea with $68M Seoul Hotel Deal

2018/04/28 by Greg Isaacson Leave a Comment

Singapore-listed Ascendas Hospitality Trust has made its first foray into South Korea with a 73 billion won ($68.3 million) deal for a 215-room hotel in Seoul.

The trust, which already owns a portfolio of 11 hotels with over 4,000 rooms… Read More>>

The Center Queen's Road

DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market

2018/04/26 by Shawna Kwan Leave a Comment

Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>

Martijn Roordink Spaces

Regus’ Co-Working Brand to Open Flagship Centre Near Singapore’s Orchard Road

2018/04/26 by Shawna Kwan Leave a Comment

As $20 billion co-working startup WeWork expands into Southeast Asia, the company behind the world’s biggest serviced office operator is ramping up its flexible workplace presence in Singapore.

Spaces, the co-working arm of European flexible office giant IWG, which also… Read More>>

Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash

2018/04/26 by Greg Isaacson Leave a Comment

The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.

Lotte Shopping will sell one of… Read More>>

Chen Feng HNA

Faced with Financial Crisis, HNA Launches $1.5B Private Equity Fund

2018/04/25 by Shawna Kwan Leave a Comment

Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking investors for a $1.5 billion investment vehicle so that the group can continue the acquisition streak that generated its current debt load,… Read More>>

Turochas Fuad spacemob

WeWork to Open Two Centres in Jakarta Amid SE Asia Growth Drive

2018/04/25 by Greg Isaacson Leave a Comment

Global flexible office giant WeWork is ramping up its presence in Southeast Asia with an upcoming debut in Indonesia, potentially followed by Thailand, Malaysia and the Philippines by year-end, the company announced.

The $20 billion New York-based startup will open… Read More>>

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