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sun dongping New Ease

Warburg Pincus-Backed New Ease in $200M Logistics JV with UK’s Actis

2020/01/16 by Michael Cole Leave a Comment

Shanghai-based industrial developer New Ease acquired a new partner today as the company chaired by ESR co-founder Sun Dongping announced a joint venture with fund manager Actis.

Warburg Pincus-backed New Ease, together with the UK emerging markets specialist, plan to… Read More>>

jason hui shimao

Shimao Property JV Adds 70 Projects to Developer’s Mainland Pipeline

2020/01/16 by Michael Cole Leave a Comment

Shimao Property this week announced a new joint venture that will add 70 projects to the Hong Kong-listed developer’s pipeline.

At a press conference on Monday jointly organised with Fuzhou-based Fusheng Group, the two companies announced that they had established… Read More>>

Kwok Ying-shing

Kaisa Group Buys New Territories Site for HK$3.5B to Expand HK Foothold

2020/01/15 by Michael Cole Leave a Comment

Kaisa Group Holdings has expanded its foothold in Hong Kong as the Shenzhen-based developer beat out 14 other bids to take home a site in the New Territories, according to an announcement by Hong Kong’s Lands Department late Monday.

The… Read More>>

ritesh agarwal Oyo

Oyo Hotels Cutting 20% of India Staff, 65,000 Rooms Vanish From Website

2020/01/14 by Michael Cole Leave a Comment

Just over seven months ago, India’s Oyo Hotels proclaimed itself the world’s third largest hotel. Now the Softbank-backed startup is cutting headcount in its home market by around one-fifth, as it struggles for profitability.

Valued at as much as $10… Read More>>

ESR Jeffrey Shen 1

ESR Announces $500M China Logistics Joint Venture with GIC

2020/01/13 by Michael Cole Leave a Comment

Less than three months after completing a HK$14 billion ($1.8 billion) IPO, ESR continues to raise cash for further expansion, as the logistics developer and fund manager today unveiled a joint venture with Singapore’s GIC.

Warburg Pincus-backed ESR Cayman announced… Read More>>

cheung chung kiu CC Land

CC Land Chairman Agrees to Buy London’s Priciest Home for £210M

2020/01/12 by Michael Cole Leave a Comment

Hong Kong billionaires continue to take advantage of the Brexit discount on London property, as the chairman of the developer CC Land has agreed to buy the most expensive home ever in the UK capital.

The family office of Cheung… Read More>>

su xin gohigh

Beijing’s GoHigh Capital Sets Up RMB 10B Urban Renewal Fund with CP Group 

2020/01/09 by James Hatton Leave a Comment

GoHigh Capital and Thailand’s Charoen Pokphand Group are dialling in on China’s push for revitalising its cities with the formation of a RMB 10 billion ($330 million) urban renewal fund.

On 7 January the Beijing-based private equity real estate firm,… Read More>>

shenzhen skyline

Shenzhen Office Leasing Plunges 70% as New Buildings Surge

2020/01/09 by James Hatton Leave a Comment

China’s southern tech hub of Shenzhen, a leading player in China’s attempt to make the Greater Bay Area a regional economic powerhouse, is about to boost its supply of office building space by one-third amid a steep drop in tenant… Read More>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Property Sells Tokyo Apartment Building for JPY 20B

2020/01/08 by James Hatton Leave a Comment

Hong Kong-based Phoenix Property Investors has sold an apartment building in Tokyo for JPY 20 billion ($180 million), just 30 months after buying the property in the Shinagawa area.

The private equity shop headed by financiers Benjamin Lee and Samuel… Read More>>

Stuart Gibson ESR

Amazon Leases Nearly Half of ESR Tokyo Area Logistics Centre

2020/01/08 by James Hatton Leave a Comment

ESR has landed Amazon as an anchor tenant for one of its Tokyo area logistics facilities, as the Warburg Pincus-backed specialist continues to capitalise on the demand for logistics space fuelled by the growth of e-commerce in Japan.

The online… Read More>>

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