The collapse of a Korean office deal leads this edition of Mingtiandi’s headline roundup, with Daishin Securities pulling the plug on the sale of its Seoul headquarters to NH-Amundi. Also making the list, a Shenzhen private developer exits a central… Read More>>
Shanghai’s Distrii Opens First Overseas Co-Working Centre in Raffles Place
Shanghai-based flexible office provider Distrii opened its first overseas location today in Republic Plaza in Singapore. The 62,000 square foot centre was opened the same day that the two-year-old company announced a new joint venture with Singapore’s City Developments Ltd,… Read More>>
Co-Working Startup Distrii Raises $30M in Jingrui, CDL-Led Series A Round
China’s burgeoning co-working sector just got another burst of cash, with Shanghai-based shared office startup Distrii closing on a RMB 200 million ($30 million) round of financing from a group of global investors.
Singapore’s City Developments Limited (CDL) and California-based… Read More>>
Singapore’s CDL Invests $10.5M for 24% of China Co-Working Operator Distrii
City Developments Ltd (CDL) has joined the China co-working race with a RMB 72 million investment ($10.5 million) in Shanghai-based Distrii, according to a recent announcement by the Singapore-based developer.
CDL’s cash buys it a 24 percent stake in Distrii,… Read More>>
Ant Financial Pushes URWork Valuation to $1B and More Asia Real Estate Headlines
The global co-working craze continues to grab headlines here in Asia as a pair of deals this week push one of China’s top shared office players to a $1 billion valuation, and a Singaporean developer bets on its own mainland… Read More>>