Global flexible workspace provider WeWork on Wednesday announced that it has opened three new locations in Singapore’s city centre. The trio of new flexible office facilities brings the $20 billion space providers number of centres in the city-state to a… Read More>>
Partners Group in Talks to Buy Beijing Complex for RMB 5.7B
A consortium including Switzerland’s Partners Group is in talks to acquire a Grade A commercial complex in Beijing for RMB 5.7 billion ($820 million), according to an account this week by Bloomberg.
The Swiss private equity firm is negotiating to… Read More>>
Exclusive: JLL Adds Veteran of Korea’s NPS to Asia Funds Team
JLL has brought on board a nearly twenty-year veteran of the world’s third-largest public pension fund, as the international property consultancy continues to expand its Asia funds advisory unit.
Jayme Han has been appointed as executive director for Asia funds… Read More>>
JD.Com Partners with Mainland Brokerage to Lease Homes Online
JD.com this week announced a partnership with one of China’s biggest housing brokers, 5i5j, to make it easier for the nearly 500,000 monthly visitors to China’s second largest ecommerce player to buy and lease homes online.
The two parties signed… Read More>>
Henderson Land and Friends Seek $6B in Financing for Kowloon Mega-Project
Hong Kong-listed real estate developer Henderson Land is leading a consortium of property firms in the city in an effort to raise about HK$46 billion ($6 billion) via bonds and loans, according to sources cited by Bloomberg. to push forward a… Read More>>
Evergrande Hopes to Pawn Hong Kong Office Tower in Return for $1.5B Loan
The mainland’s largest developer by sales in 2017, China Evergrande Group, is resorting to pawning its most valuable offshore asset in an effort to raise $1.5 billion to pay down its debt and make dividend payments, according to a Reuters… Read More>>
HNA Adds Nine Overseas Properties to Fire Sale
Just days after stories emerged of China’s HNA Group putting some 82 properties on the market, a list of nine overseas properties being offered for sale by the defaulting conglomerate has been obtained by mainland news website, thepaper.cn.
HNA’s latest… Read More>>
Blackstone Said Buying 10 HK Retail Assets From Link REIT for $1.28B
Blackstone is acquiring a set of ten community retail properties in Hong Kong from Link REIT for HK$10 billion ($1.28 billion), according to an account in the city’s Ming Pao newspaper, citing sources familiar with the transaction.
The reported retail… Read More>>
Customers Throw Stones as Country Garden Discounts Mainland Homes
During China’s golden week, buyers of Country Garden homes mobbed the company’s sales centres in several cities after the country’s largest developer by sales began offering discounts that made new homes cheaper than the price paid by earlier customers.
The… Read More>>
Blackstone Agrees to Buy SF Office Complex From Gaw for $245M
Gaw Capital is selling a San Francisco office complex that covers three city blocks to Blackstone for $245 million, according to loan application documents filed by Blackstone in the US.
Stephen Schwarzman’s New York-based firm has signed an agreement to… Read More>>
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