In today’s roundup of regional news headlines, Guangzhou R&F’s shares plunge after the developer issues gloomy guidance, the boss of an Aussie casino operator steps down over a failure to stop malfeasance, and Shui On Land’s stock surges on sterling… Read More>>
R&F Selling South London Project to Far East Consortium at $90M Loss
Guangzhou R&F Properties looks set to pare back its collection of assets in London’s Nine Elms regeneration area, as the cash-strapped developer has agreed to sell its Vauxhall Square mixed-use project to Hong Kong-based Far East Consortium (FEC) for £95.7… Read More>>
Shimao Says Will Avoid Default on RMB 1.9B Bond and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao Group reportedly plans to repay an onshore bond coming due this weekend, Hong Kong’s Far East Consortium adds to its residential land holdings in the north of England, and China’s local government… Read More>>
Far East Consortium Selling Kai Tak Commercial Project to CLP for $433M
Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
Kaisa Selling Kai Tak Site to New World-Far East Consortium JV for $1B
Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the Shenzhen builder has now agreed to sell its half stake in a once-prized residential site on Hong Kong’s former Kai Tak… Read More>>
Evergrande Sells Off Private Jets and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped China Evergrande adds a pair of jets to its asset clearance sale, banking giant Goldman Sachs makes a bet on mainland developers’ high-yield bonds, and Singapore’s condo resale prices continue their growth… Read More>>
Far East Consortium Sells Singapore Project to UOL Group’s Kheng Leong for $158M
Hong Kong-based Far East Consortium has sold a central Singapore apartment building at an 8 percent mark-up after acquiring the 10-storey property from US private equity giant Blackstone three years ago.
FEC offloaded 21 Anderson, a freehold apartment block in… Read More>>
Far East Consortium Selling City of London Hotel to Cerberus, Highgate for $160M
Hong Kong-based Far East Consortium, a frequent buyer of UK real estate, has turned seller with its latest deal by agreeing to offload a City of London hotel for £115 million ($160.4 million).
FEC expects to record a gain of… Read More>>
Kerry Properties’ Net Profit Drops to HK$5.4B and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, Hong Kong developer Kerry Properties posts a 22 percent profit decline for 2020, China’s HNA conglomerate begins a monumental restructuring process, and GLP J-REIT issues the first ultra-long sustainability bond in the… Read More>>
Singapore Office Rents May Dip 5% in 2021 and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Knight Frank issues a bearish forecast for Singapore office rents, official figures show a cooling China housing market, and Hong Kong’s first major property launch of the year draws a horde of eager… Read More>>
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