Guangzhou R&F Properties, the white knight which bought out 70 Dalian Wanda hotels when Wang Jianlin’s commercial developer hit the wall financially, is now officially the partner of another embattled Chinese conglomerate. The Guangdong-based developer announced on Friday that it… Read More>>
One of the best-known names in Asian financial markets may be returning to the region’s bond trade as Kaisa Group hopes that the newfound appetite for Chinese developer debt may make investors overlook its 2015 default and 2016 restructuring. Also… Read More>>
Leading today’s roundup, the owner of India’s top airline is said to be offering over a quarter-billion dollars for a sprawling office complex in Hyderabad that is jointly owned by Singaporean sovereign wealth fund GIC and US developer Tishman Speyer…. Read More>>
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>>
Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland developer again. HNA Infrastructure Investment Group, a listed subsidiary of embattled HNA Group, said in two separate filings to the… Read More>>
China continues to be a centre for market excitement this week as Anbang Insurance confirms that its chairman is no longer available, on the same day that reports surfaced of Wu Xiaohui’s detention. Also in the news, Chongqing champion CC… Read More>>
Morgan Stanley bought a 30 percent stake in Agile Group Holdings’ Hainan Clearwater Bay project back in 2008 and now the Guangdong-based developer wants it back.
The US-based investment giant had earlier this month notified Agile of its intent to… Read More>>
As China’s housing boom fades the country’s real estate investors appear to be shifting to tourism, as “destination” provinces now lead the nation for property investment’s contribution to their economies.
In Hainan, which is the only tropical island province in… Read More>>
Fosun International Ltd, the closely-held Chinese conglomerate which owns Club Med, plans to build a 7-star resort hotel near Shanghai’s Disneyland.
According to a report in the official People’s Daily, Fosun CEO Liang Xinjun indicated that the group would build it’s second Atlantis Hotel near the as yet incomplete Disney project. “They (Atlantis executives) are really interested in building it near Disneyland,” Liang commented.