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Jon-Paul Toppino pag

PAG Targets $2B for SCREP VII Opportunistic Fund

2019/08/23 by James Hatton Leave a Comment

Less than two years after raising $1.9 billion for Secured Capital Real Estate Partners VI fund (SCREP VI), Hong Kong-based alternative investment manager PAG has begun raising fund for its next opportunistic vehicle, according to market sources cited in a… Read More>>

VIctor Li Ck Asset

Li Ka-Shing’s CK Asset Tells Hong Kong Hotel Staff to Take Unpaid Leave

2019/08/23 by Jan Kot Leave a Comment

A property conglomerate owned by Hong Kong’s richest man is taking care to conserve its cash amidst the city’s current economic challenges, by putting staff at many of its hotels on unpaid, leave according to local media reports.

CK Asset… Read More>>

guo wengui

Guo Wengui’s Beijing Office Tower Sold on Taobao for RMB 5.2B

2019/08/22 by Jan Kot Leave a Comment

With its erstwhile owner ensconced in at Manhattan penthouse hurling insults at China’s ruling communist party, a Beijing office tower was sold for RMB 5.2 billion ($730 million) this week on a bad asset website operated by Alibaba’s Taobao.

Yu… Read More>>

ma mingzhe Ping An

CFLD Sells Beijing Project to Ping An for RMB 5.83B

2019/08/19 by Jan Kot Leave a Comment

Beijing-based China Fortune Land Development (CFLD) announced that it has agreed to sell a Beijing commercial project to Ping An Insurance for a consideration of RMB 5.829 billion ($830 million) as the developer shifts toward an asset light approach in… Read More>>

Hong Kong Commercial Real Estate Transactions Fell 42% in 2019 Q2

2019/08/19 by James Hatton Leave a Comment

As discontent over the government’s extradition bill roiled the Hong Kong economy, and with mainland authorities keeping a tight clamp on cash, commercial real estate transaction volume fell over 42 percent in Hong Kong during the second quarter of this… Read More>>

Adam Neumann

WeWork Said Leasing Four Floors of HK’s Hopewell Centre for HK$2.7M Per Month

2019/08/15 by Jan Kot Leave a Comment

Despite daily protests that have brought real estate activity to new lows in Hong Kong, co-working operator WeWork has continued to take up more space in the world’s most expensive office market.

The New York-based shared space specialist is said… Read More>>

Chelsfield, Pamfleet Team Up to Buy SH Offices From Sino-Ocean for RMB 1.5B

2019/08/08 by James Hatton Leave a Comment

UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office buildings in Shanghai for a consideration of RMB 1.5 billion ($210 million), according to an announcement to the… Read More>>

Gaw Capital Leads $325M Purchase of Hollywood Shopping Mall

2019/08/06 by James Hatton Leave a Comment

Gaw Capital USA and US private equity firm DJM have purchased a Hollywood megamall in the largest acquisition of a single US retail asset outside of Manhattan in nearly three years, according to a joint announcement by the companies.

Los… Read More>>

Stephen Schwarzman Blackstone

Blackstone Said Buying Out Indiabulls Office Portfolio for INR 48B

2019/08/06 by James Hatton Leave a Comment

Blackstone is said to be within a few weeks of taking full control of Indiabulls Real Estate Limited’s office portfolio, according to people with direct knowledge of the matter cited by India’s Economic Times.

The deal will see Blackstone acquiring… Read More>>

Jamie Dimon, CEO and chairman of JPMorgan Chase

WeWork Said to Pick JPMorgan to Manage $6B Debt Offering, Lead IPO

2019/08/04 by Michael Cole Leave a Comment

The final timing for WeWork’s upcoming initial public offering has yet to be set, however, the office-sharing startup is close to finalising the details of a $6 billion debt offering, in a deal which indicates a launch date of not… Read More>>

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