Leading today’s roundup of regional news headlines, Sino Group unveils pan-Asian data centre platform Big Data Exchange as the tenant of the Hong Kong-based developer’s industrial project at 38 Wing Kei Road in Kwai Chung.
BDx Leases… Read More>>
Mapletree Logistics Trust Selling Malaysia Sheds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Mapletree Logistics Trust plans to raise some quick cash from the disposal of two warehouses in Malaysia, where the state’s largest pension fund is also eyeing asset sales.
Mapletree Logistics… Read More>>
Powerlong Seeking Delay in Onshore Bond Payment and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Powerlong looks to stagger payments over one year for an onshore bond maturing next week, Shanghai’s rental residential market takes its lumps in the aftermath of a harsh COVID lockdown, and… Read More>>
Fantasia Vows ‘Vigorous’ Fight as Winding-Up Petition Filed
Fantasia Holdings Group said it will vigorously oppose a 24 May winding-up petition in the Cayman Islands over $149 million of outstanding loan facilities which has frozen its assets and brought a halt to a string of asset sales.
Flower… Read More>>
Blackstone’s $6.3B Crown Bid Approved and More Asia Real Estate Headlines
Another acquisition could be on the way for the world’s largest real estate fund manager as Blackstone has won approval for its $6.3 billion bid for Australia’s Crown Resorts, with that story leading our roundup today. Also in the news,… Read More>>
HKEX Raps Fantasia Boss, Former Colour Life Execs for Property Management Tricks
Several current and former executives of defaulting developer Fantasia Holdings and its property management spin-off Colour Life Services drew a rare rebuke and disciplinary action from the Hong Kong stock exchange this week for breaking a non-compete deal.
In a… Read More>>
China’s Agile Group Dodging Debt Crisis With Sales of Stakes in Seven Projects
Agile Group is hanging for-sale signs on more of its assets, with nearly RMB 1.8 billion ($280 million) in new disposals announced since last Friday.
The cash-strapped Guangzhou builder is selling its shareholding in two under-construction residential projects in Xuzhou,… Read More>>
Asia Real Estate People in the News 2021-12-13
A wave of end of the year departures fills up our weekly personnel column this week with senior leaders at Frasers Property, Heeton Holdings and UOL Group making way for new faces. There is also a pair of new hires… Read More>>
Evergrande Stadium Said Taken Over by Govt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the hits keep coming for embattled Chinese developers, with Evergrande reportedly stripped of its soccer stadium and Fantasia facing a wind-up petition. Meanwhile, data centre operator Global Switch is said to have… Read More>>
Fantasia Limits Bond Trading, Hires Bankruptcy Advisors and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s beleaguered developers take centre stage as Fantasia limits trading in its Shanghai bonds, Modern Land requests a payment extension on its own debt, and Evergrande’s silent treatment of offshore creditors risks a… Read More>>