The unwinding of China’s mega-investors leads the news again today as Shanghai-based Greenland Group pauses to reconsider its quest to build London’s tallest residential tower, and a policy bank controlled by the central government takes control of HNA’s ongoing asset liquidation…. Read More>>
Fosun Tourism IPO Scrapes Up $428M and More Asia Real Estate Headlines
Fosun Tourism Group went to market on Friday with its IPO, returning with a valuation of $2.44 billion, after pricing its shares at the low-end of the expected range. The lean listing for the owner of the Club Med resort… Read More>>
GIC Cancels Plan to Sell Stake in $1.3B Sydney Tower and More Asia Real Estate Headlines
Just over a week ago a survey of property professionals in the region picked Sydney as a top-three investment destination, but what could be a sign of changing market conditions, Singapore’s GIC has cancelled a plan to see a half… Read More>>
$700M Fosun Tourism IPO Offers a Stake in Money-Losing Travel Unit
Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with the Hong Kong stock exchange on Monday that revealed the latest step in what the company is said to plan as… Read More>>
Asia Real Estate People in the News 2018-07-02
The job market for Asia’s real estate professionals remains hot as we enter July with an Ascendas-Singbridge veteran finding a new role with a local developer and a long-time Cushman executive finding a new place in a competitor’s flexible office…. Read More>>
Fosun Opens $1.7B Atlantis Sanya Resort and More Asia Real Estate Headlines
Most of the region had the day off on Tuesday, but Asia’s real estate investors and developers seem to have stayed on the job as we lead off today’s news with reports of Fosun opening the doors to its $1.7… Read More>>
Causeway Bay Landlord May Evict La Perla After Lingerie Shop Skimps on $1.2M in Rent
Italian lingerie brand La Perla is poised to lose its flagship store in Hong Kong’s prime Causeway Bay shopping district, after allegedly defaulting on HK$9.21 million ($1.18 million) in rent.
After the high-end bra brand threw a star-studded party to… Read More>>
Ivanhoé Cambridge Targets $630M in India Deals and More Asia Real Estate Headlines
Leading today’s real estate news, Ivanhoé Cambridge is looking to double its real estate investments in India — if it can find the right sites. Further east, a famed American toy retailer plans to roll out stores in Beijing and… Read More>>
Samsung Unit Pays $656M for Seoul Office Asset and More Asia Real Estate Headlines
Leading today’s roundup, the real estate investment arm of Samsung Life Insurance has scooped up a twin-tower office complex in downtown Seoul, paying a record price per square metre for a commercial building in the city. Meanwhile in Sydney, Dalian… Read More>>
Vanke Opens Senior Care Project in Beijing and More Asia Real Estate Headlines
China Vanke leads today’s news roundup, as the top-three mainland homebuilder continues to branch out into commercial real estate by opening a new, 100-bed senior care facility in Beijing. The country’s largest commercial property builder is also in the headlines,… Read More>>
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