Asia real estate and outbound investment news
Beijing-based flexible office startup URWork has displayed its fundraising prowess once again, announcing it has closed a RMB 1.2 billion ($178 million) round of financing from a group of mainland investors to fuel the $1.3 billion company’s overseas expansion.
For… Read More>>
WeWork, the New York-based flexible office giant, has announced a $500 million investment in a new vehicle to fund its expansion in Southeast Asia and South Korea, in another milestone for the region’s co-working sector.
In tandem with the investment,… Read More>>
Another major Singaporean office transaction could be in the works, as the owner of a commercial tower at the city’s Raffles Place commercial hub has put the 32-storey building on the block for an asking price of S$700 million ($515.2… Read More>>
US private equity giant Blackstone is looking to add more Japanese properties to its $104 billion global trove of real estate assets under management. The New York-based firm has offered to acquire ASX-listed Astro Japan Property Trust, which owns a… Read More>>
Anbang Insurance chairman Wu Xiaohui may have disappeared into government detention in early June, but at least someone from the once high-flying Chinese insurer was available this week to deny reports of a forced sale of the company’s overseas holdings.
Singapore-listed Suntec REIT is buying a 50 percent stake in a downtown Melbourne office project from Australian property group Mirvac for A$417 million ($328 million), according to an announcement by the REIT’s manager, ARA Trust Management (Suntec) last week.
Once completed,… Read More>>
Sauce maker Lee Kum Kee Group is the latest Hong Kong investor to stir up the London real estate market, buying a landmark office tower in the City of London for £1.3 billion ($1.7 billion), the highest price ever paid… Read More>>
The battle for China’s co-working market has kicked into high gear, with New York-based shared office giant WeWork announcing it has raised $500 million for a new China unit.
Japan’s SoftBank and China’s Hony Capital are leading the investment in… Read More>>
HNA Group, the aggressive outbound investor that has recently run afoul of regulators both in China and abroad, now risks seeing some $2 billion in acquisitions fall apart in the US, Singapore and Malaysia.
The transactions are at risk as… Read More>>
HNA Group, the mainland conglomerate that has racked up more than $30 billion in outbound deals since last year, has moved to address concerns about its ownership structure by revealing that it’s now controlled by a pair of obscure charity… Read More>>
