Asia real estate and outbound investment news
Hong Kong’s prime business districts continue to welcome expansion by the world’s largest full-service flexible workspace provider, as IWG is set to scoop up more spoils from the near collapse of former co-working giant WeWork.
The Switzerland-based office operator will… Read More>>
WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its portfolio, according to a person with knowledge of the matter who spoke to Mingtiandi.
Mingtiandi understands that WeWork has surrendered its centre… Read More>>
Shared office provider WeWork has found a new chief executive as the financially challenged company takes another step in its struggle for profitability.
Brookfield Properties executive Sandeep Mathrani will join the New York-based firm as CEO on 18 February, according… Read More>>
Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy up a majority stake in the China operations of troubled flexible office operator Wework, according to a report by Reuters today.
The Singapore government fund and… Read More>>
Daito Trust Construction Co., Ltd (“Daito Trust”), a listed construction and real estate company in Japan will invest a US$50 million in JustCo Holdings Pte. Ltd. (“JustCo”). In addition, Daito Trust will invest up to an additional JPY 2.65 billion… Read More>>
It has only been a few days since China’s largest co-working operator officially filed a prospectus for its US IPO, but Ucommune’s debut on the New York Stock Exchange is already said to be facing opposition from its own bankers… Read More>>
Mainland co-working operator Ucommune is said to have filed for an initial public offering with the US securities regulator and is targeting a public listing before the end of the year, according to media reports.
The Beijing-based shared office unicorn,… Read More>>
WeWork’s planned IPO won’t work, appears to be the decision of the shared office giant’s new leadership, which announced late Monday that the We Company was withdrawing its application for an initial public offering.
“We have decided to postpone our… Read More>>
Colliers International has been recognised with a total of 16 accolades in five distinct categories in a global survey of real estate developers, advisors, financial institutions, investors and corporate end-users, including being recognised as the best overall investment manager globally… Read More>>
After the parent company of WeWork failed in its attempt to launch an IPO this month and the startup’s valuation was reported to slide by as much as 75 percent, Japan’s Softbank is now reported to have joined a shareholder… Read More>>
