High finance in the data centre world leads this week’s review of personnel moves from Asia’s data centre industry as Empyrion DC adds to its top leadership. Also making the list is a former LaSalle managing director setting up his… Read More>>
Asia Real Estate People in the News 2021-06-21
Personnel moves by major real estate enterprises continue to serve as an indicator of corporate direction, as JLL accelerates its shift toward technology with the appointment of a leading Asian venture capitalist to its global board. Logos Group is also… Read More>>
Hilton Sells Japan Resort to Mori JV for $119M
Hilton Worldwide has sold the Hilton Odawara Resort and Spa in Japan to a joint venture between Mori Trust and Mori Trust Hotel REIT for $119 million, according to data supplied by Real Capital Analytics.
The REIT and the Tokyo-based… Read More>>
China Said to Pick New Head for Sovereign Fund and More Asia Real Estate Headlines
Sovereign funds, Swiss banks and French châteaux feature in today’s real estate headlines from around the region as China’s CIC is said to have found a new chief among the ranks at the country’s Bank of Communications, and finance heavyweight… Read More>>
HNA Plans to Sell $6.5B Hilton Stake – Adds to $6.6B 2018 Fire Sale
Debt-ridden HNA Group is planning to sell a stake in hotel operator Hilton Worldwide Holdings worth as much as $6.5 billion, after the group shed shares in two Hilton spinoffs in March for $2.4 billion.
The Hainan-based group is selling… Read More>>
Trump India Partner Accused of $147M Fraud and More Asia Real Estate Headlines
Apparently not content with dominating US political news, the Trump Organization has oozed into Asia’s real estate headlines today, with the story that an India based partner of the US president’s company is accused of running off with at least… Read More>>
HNA Sells Second Hilton Spin Off for $1.1B As Aviation Regulator Presses for Fuel Payment
Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 billion stake in Park Hotels & Resorts Inc. The mainland conglomerate is in desperate need of fresh cash as it… Read More>>
HNA Selling $1.4B Stake in Hilton Spin-Off, Cutting 25% of Workforce
HNA Group plans to sell its $1.4 billion stake in US hotel chain Park Hotels & Resorts Inc to ease its financial crisis, according to public documents regarding the cash-strapped Chinese conglomerate. The Hainan-based airline company will sell “some or… Read More>>
Singapore’s First Sponsor Joins $63M Team Purchase of Hilton Rotterdam
Singapore-listed property developer First Sponsor Group is teaming up with a consortium of investors to buy the Hilton Rotterdam hotel in the Netherlands for 50.4 million euros ($62.6 million).
First Sponsor is investing 12.4 million euros ($15.4 million) for a… Read More>>
Singapore’s City Towers Put on the Block for S$355M and More Asia Real Estate Headlines
Another collective sale leads the region’s real estate headlines again today as Asia gets back to work after the western holiday season, with the owners of a housing development hoping to bring in S$355 million to be homeless. Meanwhile, Guangzhou… Read More>>