After disposing of $5.5 billion of overseas real estate and hotel company stakes since the start of 2018, cash-starved HNA Group has now sold eight properties in mainland China worth $1.1 billion so far this month, according to data from… Read More>>
Asia Real Estate People in the News 2018-02-26
Leading this week’s edition of People in the News, a senior executive responsible for marketing Wanda’s sprawling overseas portfolio has moved to London to take up a parallel role with real estate heavyweight R&F. Another property pro is packing her… Read More>>
Wanda Leaves London at a Loss, Selling One Nine Elms Site for $82M
Dalian Wanda Group continues to scale back its overseas empire, selling its flagship billion-dollar London project for £59 million ($81.5 million) just under four years after buying the site in south London’s Vauxhall area for £88.8 million.
Two units of the… Read More>>
Singapore’s City Towers Put on the Block for S$355M and More Asia Real Estate Headlines
Another collective sale leads the region’s real estate headlines again today as Asia gets back to work after the western holiday season, with the owners of a housing development hoping to bring in S$355 million to be homeless. Meanwhile, Guangzhou… Read More>>
Guangzhou R&F Says Contracted Sales Rise 56% in 2017 and More Asia Real Estate Headlines
The top real estate stories in the region are all about home sales today, as a major league mainland developer declares a 56 percent jump in new contracts, and housing prices in Hong Kong hit another record high. Meanwhile in… Read More>>
Blackstone, Gaw, KKR Shortlisted for $2B Link REIT Portfolio and More Asia Real Estate Headlines
Leading the news today, Hong Kong’s own Gaw Capital is said to be slugging it out with some of the world’s biggest investors as Link REIT puts a $2 billion set of assets on the market, while up on the… Read More>>
Greenland Group Discloses Overdue Debt and More Asia Real Estate Headlines
Even in the midst of one of China’s biggest property boom cycles ever, there are still those companies that can’t make money, as Greenland Group revealed this week in its interim financial report. Also in the news, GLP sells off… Read More>>
Cheesegrater Buyer on the Hunt for London Bargains and More Asia Real Estate Headlines
The Chongqing developer which bought one of London’s best known office buildings might not be done making its mark in the big smoke, as CC Land declared its interest this week in making more property purchases in the UK. Also… Read More>>
Alibaba Hires CapitaLand to Manage New Shanghai HQ and More Asia Real Estate Headlines
Leading the news today, China’s biggest ecommerce group has hired Southeast Asia’s largest developer to manage its new 80,000 square metre office building in Shanghai. Also, developers in Hong Kong and mainland China continue to report record earnings in the… Read More>>
Wanda Flips Newly Purchased $605M London Site to R&F, CC Land
Dalian Wanda Group today said that it no longer has possession of a £470 million London housing project, with sources familiar with the newly transferred property indicating that the Chinese developer has transferred the Nine Elms Square site to a… Read More>>
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