Guangzhou R&F Properties may have avoided default and gained an extra six months to repay a $750 million offshore note that came due on Thursday, but S&P Global Ratings has labelled the group’s delaying tactic a default in all but… Read More>>
R&F Avoids Default on $750M Note With Scaled-Back Repurchase Plan
Guangzhou R&F Properties has escaped default on a $750 million offshore note coming due this week, even as liquidity issues forced the mainland developer to downsize a planned buyback of some of the debt.
R&F Properties had intended to earmark… Read More>>
R&F Short of Funds for $300M Buyback and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s R&F Properties comes up short of funds for a planned bond buyback, fellow mainland developer Shimao reportedly defaults on a trust product of its own, and Amazon’s arbitration process against Future Retail… Read More>>
Blackstone Buying Out R&F’s 30% Stake in Guangzhou Logistics Park for $540M
Blackstone has agreed to acquire the remaining 30 percent interest it does not already own in a Guangzhou logistics park for RMB 3.4 billion ($540 million), signalling faith in the mainland market after regulators blocked the private equity giant’s buyout… Read More>>
Mitsui Sells California Multi-Family Assets for $156M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Japan’s Mitsui completes the disposal of a California apartment project, Chinese developer Shimao issues a warning as sales slump, and northern Hong Kong villagers cry foul over plans to convert ancestral land… Read More>>
R&F Owners Sell Property Management Unit to Country Garden in $1.3B Deal
Under pressure from the slow-motion collapse of competitor China Evergrande and needing to pay off RMB 12 billion ($1.86 billion) in capital market debt in the next 12 months, the controlling shareholders of Guangzhou R&F Properties worked out a pair… Read More>>
China Boycotts Western Brands Over Xinjiang Sanctions and More Real Estate Headlines
In today’s roundup of regional news headlines, China strikes back at Western apparel brands over their allegations of forced labour in Xinjiang, mainland developers report slimmed-down debt levels in their annual results, and the country’s $1 trillion sovereign wealth fund… Read More>>
Blackstone Wins $500M From Korea’s NPS and More Asia Real Estate Headlines
Blackstone is back in the news today as a story about the US private equity giant winning a $500 million investment from Korea’s National Pension Service leads today’s collection of headlines from around the region.
Also in… Read More>>
Blackstone Closes on $1.1B China Logistics Deal and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, private equity bigfoot Blackstone cinches a sizeable stake in a Guangzhou logistics park, advertising giant Dentsu considers putting up its Tokyo headquarters building for sale, and Frasers Property scraps a Vietnam joint… Read More>>
Metro Holdings Invests S$77M in Boustead SG Fund and More Asia Real Estate Headlines
In this edition of Mingtiandi’s news roundup, a Singapore-listed property group expands its hometown presence with the acquisition of some industrial assets, a Guangzhou developer’s shares tumble amid reports of a city-led bailout, and Carrefour closes on the purchase of… Read More>>
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