Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible bribery, kickbacks, extortion, and money laundering related to property deals in southern California’s largest city, according to a document seen… Read More>>
WeWork CEO Said Making Millions Leasing Buildings to WeWork
WeWork lost $723 million in the first half of 2018, but the company’s largest shareholder still found a way to profit from the shared office firm’s business of signing long-term leases with landlords and subleasing rooms, desks and sofas to… Read More>>
Singapore Love Hotel Magnate Buys Club Street Site for Record $415M
A hotel site in Singapore’s Chinatown area sold for a record price per square foot at a government land sale this week, according to an announcement by the Urban Redevelopment Authority, as investors continue to show confidence in the city’s… Read More>>
Chinese-Backed Data Centre Giant Aims for HK IPO at £9B Valuation
Just over two years after being acquired by a consortium of Chinese investors, UK data centre developer Global Switch is preparing for a stock market listing in Hong Kong later this year that could value it at more than £9… Read More>>
Edward Cheung Retires, KK Chiu Named Head of Greater China for C&W
Edward Cheung, Chairman of the Asia Pacific Board and Chief Executive Officer for Greater China at Cushman & Wakefield, has announced his retirement from the property consultancy, after more than 26 years with the firm, and ten years as regional… Read More>>
Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees
Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.
A unit of Hongkong Land is suing HNA Group after… Read More>>
SoftBank Cuts Planned $16B Investment in WeWork by 88%
Tech investor Softbank has agreed to invest a fresh $2 billion in the shared space giant formerly known as WeWork, according to an announcement on Tuesday by the co-working pioneer.
The new investment represents around 12 percent of the $16… Read More>>
Shui On in $1B China Commercial Property JV With Manulife, China Life
Hong Kong-listed developer Shui On Land has announced that it is partnering with two insurance giants to invest in commercial real estate ventures in China as it continues to lean on financial services companies to rebuild its mainland portfolio.
The… Read More>>
Keppel Adds $80M Beijing Office Building to China Portfolio
Keppel Land China has announced it will acquire an 11-storey office building in Beijing’s Haidian district from A Li Yun Shan (Beijing) Business Consulting for RMB 555 million ($80.8 million), with the transaction expected to be completed sometime during the… Read More>>
Sunac China Names Former Baoneng, Poly Exec as New CEO
Hong Kong-listed developer Sunac China Holdings has selected former Baoneng Group senior vice president Yu Ying as its new chief executive officer, according to a report in mainland news site The Paper.
The change in leadership at the top five… Read More>>
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