Less than a year after Fosun saw its bet on the UK’s Thomas Cook end up in bankruptcy, the Shanghai-based investment firm is watching another bet on leisure spending head down the drain as creditors of Cirque du Soleil prepare… Read More>>
Asia Real Estate People in the News 2020-02-17
In this week’s edition of People in the News, an SC Capital Partners executive director in Shanghai has stepped up to managing director, while a WeWork senior director of real estate has defected to JLL to head the China desk… Read More>>
Link REIT Pulls Out of UK Retail Investment and More Asia Real Estate Headlines
Asia’s largest real estate investment trust leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the Hong Kong-listed REIT has withdrawn from talks to back a cash-strapped UK shopping centre owner’s £1… Read More>>
Hana Financial Teams Up to Buy Vienna Hilton for €370M
Munich-based Wealthcore Investment Management has joined forces with a consortium of Korean investors including Hana Financial Investment to acquire the Hilton Parkview hotel in Vienna for €370 million ($414 million), according to an announcement by the German firm.
Wealthcore and… Read More>>
Evergrande Buys Out SAAB Owner for $930M and More Asia Real Estate Headlines
Evergrande Group chairman Xu Jiayin seems determined to break into the world of electric cars, as the mainland property magnate this week agreed to pay nearly $1 billion to take over the Swedish electric car firm which controls the assets… Read More>>
Hilton to Manage Country Garden Hotels in China and More Asia Real Estate Headlines
Leading today’s roundup, the world’s second-biggest hotelier is forging a partnership with China’s top real estate developer by sales to manage hotels across the mainland. Also in the headlines, the former chairman of Anbang Insurance is appealing a fraud conviction… Read More>>
Wanda Waves Bye Bye to Sofitel, Hyatt and Hilton in Quest to Build Own Hotel Brand
Dalian Wanda Group is saying goodbye to its partnerships with foreign hotel operators as the Chinese conglomerate continues its quest to build the first globally recognised Chinese premium hotel brand.
While the company has been forced to abandon its attempts… Read More>>