After suing troubled mainland builder Shimao Group Holdings in July over an overdue debt linked to a Hong Kong residential project, Singapore’s United Overseas Bank Ltd (UOB) has settled its dispute with the defaulting developer at the same time it… Read More>>
Hong Kong’s Goldin Financial Global Centre Sold After Two Year Battle
Hong Kong’s Goldin Financial Global Centre has sold after a two year struggle over the Kowloon East office tower.
A social media post by Savills, which has been managing a tender of the 28-storey building on behalf of creditors stiffed… Read More>>
Henderson Land Bags 3rd of 4 Sites for Kowloon Project With $150M Buy
Henderson Land Development secured the third of four adjoining sites for a Hong Kong residential project with Tuesday’s HK$1.2 billion ($150 million) compulsory sale of an ageing building in Kowloon’s To Kwa Wan neighbourhood.
The acquisition of the 12,290 square… Read More>>
Wing Tai, Vanke Win Tender for New Territories Site with $100M Bid
Wing Tai Properties Limited and China Vanke on Tuesday won a tender for a residential site in Hong Kong’s Sha Tin district with a bid of HK$786.4 million (US$100 million), exceeding analyst predictions despite the city’s biggest housing downturn in… Read More>>
Shangri-La CEO Lim Beng Chee to Retire at Year-End
Shangri-La Asia has announced the retirement of chief executive Lim Beng Chee, as C-suite turnover continues at the hospitality firm controlled by the family of billionaire Robert Kuok.
Lim will step down from his roles as executive director and CEO… Read More>>
Country Garden Downgraded by S&P as Weak Sales Squeeze Liquidity
S&P Global Ratings downgraded Country Garden on Monday after the business performance of China’s top developer by sales failed to meet expectations and stirred doubts about the group’s liquidity in the years ahead.
S&P lowered its long-term issuer credit rating… Read More>>
ESR, Nuveen, EdgeConneX, JLL See Room For Growth In Japan, Korea Data Centres: MTD TV
Despite challenges from inflation and power supply constraints, senior leaders from ESR, Nuveen,… Read More>>
ESR to Equip Korean E-Commerce Warehouse as Hydrogen-Powered Facility
Industrial specialist ESR has entered into a preliminary deal to convert one of the group’s South Korean logistics properties into what’s billed as the nation’s first hydrogen-powered fulfilment centre.
ESR’s Korean unit, Kendall Square Asset Management, signed a memorandum of… Read More>>
S&P Downgrades Fosun Over Worsening Liquidity, Short-Term Borrowings
S&P Global Ratings downgraded the credit of Fosun International last week, citing the mainland investment giant’s thinning liquidity buffer and under-pressure capital structure.
The credit ratings giant demoted the conglomerate led by chairman Guo Guangchang by one notch to BB-… Read More>>
GIC Leads $14B Buyout of Warren Buffett’s Only REIT Investment
Singapore’s GIC is making its second mega-bet on the US property market within the last month with the sovereign wealth fund having joined with an American partner to buy Warren Buffett’s favourite REIT for $14 billion in cash.
GIC teamed… Read More>>
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