Less than one month after revealing that its losses reached $1.9 billion in 2018 – more than double its 2017 deficit – WeWork has filed for an IPO in the US.
The shared office giant late on Monday revealed that… Read More>>
GLP Said Filing for IPO of US Business at $20B Valuation
Warehouse developer and fund manager Global Logistic Properties (GLP) has begun the process of filing for an initial public offering of its US assets which could value the business at $20 billion, according to an account in the Wall Street… Read More>>
Savills Investment Management Appoints Alex Jeffrey as Global CEO, Based in Singapore
Savills Investment Management has appointed Alex Jeffrey as its new chief executive officer ending a period of transition in the real estate investment firm’s management which has endured since global CEO and chairman Justin O’Connor quit the UK firm in… Read More>>
HNA Unit Says Creditors Seized Assets in SG, US, China After Loan Default
Lenders to CWT International Ltd have seized control of its assets in Singapore, China and the US after the unit of HNA Group failed to repay a short term loan taken out last October, a filing to the Hong Kong… Read More>>
BlackRock Names Tony Tang Head of China
Asset management giant BlackRock on Wednesday named veteran finance executive Tony Tang as its new head of China, as the US-based firm continues to ramp up its presence in the world’s second-largest economy.
The 46-year-old, who since May last year… Read More>>
HNA’s CWT International Defaults on HK$1.4B Loan
CWT International (CWTI), a unit of Chinese conglomerate HNA Group announced on Tuesday that it had defaulted on a HK$1.4 billion ($179 million) loan it received less than seven months ago — an event which its creditors say could lead… Read More>>
Regus Parent IWG Sells Japan Business for £320M in Shift to Franchise Model
IWG, the parent company for Regus has agreed to sell its Japanese business for £320 million ($446 million) as the flexible office provider shifts toward a franchise model.
The London-listed firm is selling 100 percent of the equity in the… Read More>>
Singapore’s Frasers Appoints Former PGIM Exec to Run FCT Retail REIT
The manager of Frasers Centrepoint Trust has chosen a new boss for the retail focused REIT, a move which may strengthen a bridge between the empire of Thai-Chinese tycoon Charoen Sirivadhanabhakdi and one of its recent acquisition targets.
Frasers Centrepoint… Read More>>
Goldin’s Pan Sutong Sells Kowloon Bay Project for HK$5B
Pan Sutong, chairman of Hong Kong’s Goldin Group, and the city’s 16th richest man, has sold a commercial site in the Kowloon Bay area for an estimated HK$5 billion ($640 million), according to an account in the Hong Kong press.
Chinachem Sues Kr Space for HK$500M After HK Co-Working Lease Collapse
Hong Kong-listed Chinachem is suing Kr Space for HK$500 million ($63.8 million) accusing the mainland co-working space provider of breaking a five-year lease contract, according to a writ filed by the property developer with Hong Kong’s High Court.
Kr Space,… Read More>>
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