In today’s roundup of regional news headlines, Blackstone reportedly selects banks to lead an India mall REIT IPO, second-tier Chinese cities do an about-face after scrapping homebuying curbs, and Lendlease finishes building a North Sydney office tower for Keppel REIT.
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>>
China Data Centre Founder Makes Buyout Offer and More Asia Real Estate Headlines
Vnet, a mainland data centre operator backed by Blackstone has received its third buyout offer this year, with that proposal leading the region’s real estate news today. Also in the headlines, data from August shows home sales and prices continuing… Read More>>
Fosun Denies Report of Debt Probe and More Asia Real Estate Headlines
Mainland debt worries lead today’s real estate headlines from around the region today as Guo Guangchang’s Fosun International denies a Bloomberg report that Chinese banks and state-owned enterprises have been asked to examine their exposure to the firm. Also in… Read More>>
Evergrande Restructuring Timetable Stays on Track and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande says it will unveil its restructuring scheme by the end of July as planned, as the debt-saddled developer receives new terms from the Hong Kong bourse to avoid a delisting. Meanwhile,… Read More>>
Asia Real Estate People in the News 2022-05-31
Senior hires at Lendlease and Blackstone lead Mingtiandi’s roundup of personnel moves from around the region this week, as the Australian developer finds a new head of data centres, and the US private equity firm adds to its credit division…. Read More>>
Fosun Buying Back 50% Stake in Shanghai Bund Complex for $1B
Mainland investment giant Fosun International has agreed to repurchase a 50 percent stake in its Bund Finance Center for RMB 6.34 billion ($1 billion), nearly six years after offloading the half-interest in the Shanghai waterfront complex.
Upon closing, Fosun will… Read More>>
Fosun Set to Lose 20% Cirque du Soleil Stake and More Asia Real Estate Headlines
Less than a year after Fosun saw its bet on the UK’s Thomas Cook end up in bankruptcy, the Shanghai-based investment firm is watching another bet on leisure spending head down the drain as creditors of Cirque du Soleil prepare… Read More>>
Li Ka-Shing’s CK Asset Sells Chengdu Project for $1B and More Asia Real Estate Headlines
China’s housing market has heated up after an extended dry spell, and with developer appetites for land surging, Hong Kong’s Li Ka-shing has decided to sell off a mixed-use project in Chengdu while the sun is still shining.
In less… Read More>>
COVID-19 Concerns Shut Down HK Disneyland and More Asia Real Estate Headlines
Hong Kong’s housing market is rebounding but so is the coronavirus, leading to competing recovery stories at the top of Asia’s real estate headlines today.
A flare-up of the coronavirus has led to the shutdown of Hong Kong Disneyland, yet… Read More>>
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