Ucommune, WeWork’s biggest rival in mainland China, is reportedly planning to raise as much as $200 million in a US IPO next year, as the loss-making mainland co-working player continues to raise new capital.
The US listing plan by the… Read More>>
Li Ka-Shing’s Fortune REIT to De-list from SGX and More Asia Real Estate Headlines
The Superman of Hong Kong’s property world leads the way in Mingtiandi’s roundup of Asia headlines today with the news that a REIT managed by an affiliate of the billionaire’s CK Asset Holdings is de-listing from the Singapore stock exchange.
Indonesian Co-Working Player CEO Suite Takes Kowloon Office Forfeited by Kr Space
Jakarta-based co-working provider CEO Suite is opening a 27,000 square foot (2,508 square metre) office location in New World Development’s K11 Atelier in Tsim Sha Tsui, according to market sources who spoke with Mingtiandi, moving into a prime Hong Kong… Read More>>
SG Proptech Start-Up Raises Seed Funding From Mitsubishi Estate
GorillaSpace has raised seed investment led by Tokyo-listed real estate developer Mitsubishi Estate Company (MEC), according to an announcement by the Singapore-based start-up, which did not specify the amount of funding it would receive.
“GorillaSpace represents a fresh and exciting… Read More>>
Kr Space Rises From China’s Co-Working Dead with RMB 1B IDG-Led Funding Round
Financially troubled co-working space provider Kr Space announced on Wednesday that it has completed a RMB 1 billion ($145 million) round of funding, jointly led by IDG Capital, Gopher Asset Management and Hubei Yixing Capital.
Kr Space’s biggest fund-raising ever,… Read More>>
WeWork Announces $2.9B Investment Platform with Ivanhoe, Rhone Group
WeWork parent The We Company continued its drive to expand beyond its co-working roots today as it announced the formation of a real estate investment and management platform backed by Canadian fund manager Ivanhoe Cambridge.
“Ark will focus on acquiring,… Read More>>
JustCo Expands into Seoul, Sydney and Melbourne on Way by Mid-Year Sponsored Feature
As Asia’s shared office industry moves into a new phase in 2019, Singapore-based JustCo has added centres in three Asian capitals to its portfolio since January, with more new locations on the way within the next two months.
In April,… Read More>>
IWG’s Spaces Takes Over Xintiandi Co-Working Centre After Kr Space Default
Spaces, the co-working arm of European flexible office giant IWG, has taken over a 5,000 square metre (54,000 square foot) office space next to Shanghai’s Xintiandi complex, securing the location in the Infinitus Tower from former occupier Kr Space, according… Read More>>
Mainland Developer Surrenders Seaworld Shares After Default and More Asia Real Estate Headlines
The financial struggles of yet another mainland China investor who purchased asset from Blackstone lead today’s headlines from around the region, as Zhonghong Zhuoye learns the Seaworld isn’t all fun and games.
Also in the world of the big fish… Read More>>
WeWork Files for IPO – Valuation Remains a Mystery
Less than one month after revealing that its losses reached $1.9 billion in 2018 – more than double its 2017 deficit – WeWork has filed for an IPO in the US.
The shared office giant late on Monday revealed that… Read More>>
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