London-based fund manager Actis is nearing a deal to buy a portfolio of Hong Kong data centres from local developer Grand Ming Group after an exclusivity period with previous suitor Bain Capital expired, market sources confirmed to Mingtiandi on Tuesday.
Asia Real Estate People in the News 2025-10-20
China’s long-running anti-corruption campaign leads today’s look at personnel moves from around Asia’s real estate industry with the former head of top investor China Life having been booted from the Communist Party for alleged crimes and rule violations. Also making… Read More>>
Hong Kong’s Grand Ming Seeking Waivers for $610M in Loans After Default
Grand Ming Group is seeking waivers from lenders after the Hong Kong developer breached financial covenants governing HK$4.8 billion ($610 million) in outstanding loans, in the latest distress signal for the city’s embattled builders.
The company led by chairman Chan… Read More>>
Bain Capital in Exclusive Talks to Acquire Hong Kong Data Centre Projects for Up to $274M
Bain Capital is set to add another city to its Asia data centre network with the US fund manager in exclusive talks to acquire a pair of Hong Kong projects for up to HK$2.15 billion ($274 million).
Having already established… Read More>>
Asia Real Estate People in the News 2024-09-16
A pair of director changes at Hong Kong-listed developers lead this week’s roundup of personnel moves from around Asia’s real estate world, with Shenzhen-based Kaisa and Hong Kong’s HKRI making senior-level changes. Also in the news is the passing of… Read More>>
Asia Real Estate People in the News 2022-12-19
Top level changes at a pair of Hong Kong-listed developers lead this week’s collection of personnel moves from around Asia, as the head of Shanghai-based builder trims back his role and a Hong Kong firm adds some diversity to its… Read More>>
Kowloon Redevelopment Project Sells for $41.2M as Hong Kong Housing Sizzles
Hong Kong’s Grand Ming Group has acquired a housing project in To Kwa Wan for HK$320 million ($41.2 million) as the impending completion of a new route on the city’s MTR system spurs developer interest in the Kowloon neighbourhood.
As… Read More>>
Hong Kong Builder Buys Kowloon Apartment Block From Yuexiu for $105M
A Hong Kong-listed construction company is buying a newly completed apartment building in Kowloon for HK$820 million ($104.8 million), from Guangzhou-based Yuexiu Property, even as Hong Kong’s housing market has begun to show signs of cooling over the summer.
Grand… Read More>>