The property services arm of troubled Chinese developer Country Garden has agreed to sell a 1.49 percent stake in Wanda Group’s mall management unit for RMB 3.14 billion ($450 million).
The disposal by CGS HK, a wholly owned Hong Kong… Read More>>
HSBC Suffers Sixfold Surge in Hong Kong Defaults and More Asia Real Estate Headlines
Trouble at a key regional lender leads today’s headline roundup, with HSBC reporting a spike in defaults on Hong Kong commercial property loans. Also making the list, the Fed’s rate cut fails to ignite Hong Kong home sales and a… Read More>>
PAG Consortium Takes Control of Wanda Mall Management Business
A consortium of investors led by private equity giant PAG has taken control of troubled mainland developer Wanda Group’s mall management unit, nearly six months after announcing an $8.3 billion buyout of the business.
The Hong Kong-based investment firm co-founded… Read More>>
CPPIB Declares $10.5B in Earnings for Q1 and More Asia Real Estate Headlines
Canada’s biggest pension fund leads today’s roundup of regional headlines, with Toronto-based CPPIB reporting quarterly gains. Also in the news, China’s home-price downturn slows and a Singapore property tycoon bets on luxury condos in Australia.
Canada’s CPPIB… Read More>>
Chairman of China’s Agile Sells HK Flat at 54% Loss and More Asia Real Estate Headlines
The latest stumble by a mainland real estate tycoon leads today’s collection of real estate headlines from around the region, as the chairman of China’s Agile Group sells a Hong Kong home at more than half off. Also in the… Read More>>
China’s Wanda Finalising Deal to Pay Investors and More Asia Real Estate Headlines
Dalian Wanda is nearing an agreement that could help the troubled developer pay some of its pre-IPO investors, with that story leading Mingtiandi’s headline roundup today. Also making the list, a local executive is named as the buyer of three… Read More>>
PAG Said Mulling Buy of Wanda’s $14B Mall Portfolio and More Asia Real Estate Headlines
Apparently not satisfied buying out Dalian Wanda’s mall management business earlier this year, PAG is back in the news today with a report on talks to buy out the mainland developer’s nearly 500 malls leading today’s headline roundup. KKR and… Read More>>
Wanda Selling Insurance Unit to Hometown SOE and More Asia Real Estate Headlines
Just over a month after closing on a deal to sell his mall management business, China’s one-time richest man leads Mingtiandi’s headline roundup today with a report that his Dalian Wanda Group will sell its insurance business to a state-backed… Read More>>
Tokyo Office Vacancy Hits Three-Year Low and More Asia Real Estate Headlines
Japan’s thriving office market leads Mingtiandi’s headline roundup today as vacancy in top buildings falls to under 5.5 percent. Also in the news, China’s Wanda agrees to sell its UK yacht unit and S&P slashes Vanke’s credit rating to junk.
ADIA, Mubadala and Ares Confirmed as Partners in $8.3B PAG Takeover of Wanda Malls
PAG on Saturday joined with partners CITIC Capital, Ares Management, the Abu Dhabi Investment Authority and Mubadala Investment Company in confirming their takeover of Dalian Wanda Group’s primary shopping mall management business.
In a joint announcement the companies said they… Read More>>
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