Sheds and server barns lead today’s real estate headlines from around the region as a Singapore investment manager adds the remaining 60 percent stake in a set of US data centres to its Singapore listed industrial trust and one of… Read More>>
Investors Aiming for 35% Discounts on HK Offices and More Asia Real Estate Headlines
Beijing’s controversial new security law may worry many Hong Kong residents, but potential property investors seem to see the new legislation as an opportunity to pick up office assets on the cheap, according to one news account today.
Also finding… Read More>>
Asia Real Estate People in the News 2020-03-09
In this week’s edition of People in the News, WeWork pushes on with its senior leadership re-building by hiring a former oil industry CFO, just over a month after the financially challenged company appointed a new CEO.
In other moves… Read More>>
Fosun Said Nearing $1.1B Refinance of NYC Trophy Tower
At a time when many Chinese investors are retreating from the US real estate market, leaving a trail of troubled projects and financial losses in their wake, Fosun International is poised to notch a significant win in lower Manhattan.
The… Read More>>
Fosun Making Buyout Attempt for German Fashion Brand and More Asia Real Estate Headlines
Leading today’s real estate news from around the region, Guo Guangchang’s Fosun Group is making a bid for yet another European retail brand as the company makes a buyout offer for German clothing label Tom Tailor.
Also in the news,… Read More>>
Ascendas REIT to Build Grab’s New $135M HQ and More Asia Real Estate Headlines
Southeast Asia’s biggest ride-hailing app has found a new home in Singapore as Grab announces plans for a new $134.5 million headquarters to be built by Ascendas REIT. Also in the news, China’s Evergrande continues to buy up auto assets… Read More>>
Fosun Acquires London’s Royal Exchange for £45M
Fosun International added another iconic London property to its portfolio on Wednesday, with its majority-owned Resolution Property acquiring the Royal Exchange in the City of London, media reported on Wednesday.
The transaction price for the 16th century financial landmark was £45… Read More>>
Fosun in Talks to Invest $495M in German Wholesaler Metro
Chinese investment firm Fosun International is reportedly in talks to to buy a 426 million euro ($495 million) stake in German food wholesaler Metro AG, unnamed sources told Bloomberg. With Metro’s current market capitalization of 4.85 billion euros, Fosun would… 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>>
Fosun Bags US Deal with $65M Stake in Brookdale Senior Living
Fosun International has acquired a 5.11 percent stake worth $65 million in US senior housing operator Brookdale Senior Living, according to a filing with the US Securities and Exchange Commission. Through the investment, the Shanghai-based conglomerate replaces Blackrock as the… Read More>>
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