Hongkong Land has chalked up the biggest office deal of the year in its hometown, with stock exchange operator HKEX committing to buy nine floors at the developer’s Exchange Square complex in prime Central district for HK$6.3 billion ($810 million).
Starwood, Sixth Street, SSW Consortium in Talks to Buy Out ESR
A consortium of investors including Starwood Capital has made a preliminary proposal to buy out HKEX-listed developer and fund manager ESR, according to a statement by the company today.
The private equity firm led by financier Barry Sternlicht has teamed… Read More>>
ESR Shareholders Said Exploring Privatisation as Hong Kong Property Stocks Suffer
A group of shareholders in Asia Pacific warehouse giant ESR is exploring options that include a privatisation of the Hong Kong-listed company, according to sources familiar with the discussions, as the regional fund manager finds its stock price sliding amid… Read More>>
Henderson Buying 50% of CIFI Guangzhou Project and More Asia Real Estate Headlines
Henderson Land leads today’s collection of real estate headlines from around the region with the blue-chip Hong Kong developer buying out a half-stake in a Guangzhou project from its long-term partner CIFI Holdings. Also in the news, defaulting Beijing developer… Read More>>
Country Garden Said Cancelling Share Sale and More Asia Real Estate Headlines
A cash crunch for China’s largest home-builder leads today’s roundup of real estate headlines from around the region as Country Garden struggles with a slowing housing market. Also in the news, Hong Kong homeowners are getting motivated to sell and… Read More>>
Singapore’s Centurion Gets Green Light for HKEX Delisting
The Hong Kong stock exchange has approved the proposed delisting of Singapore-based rental accommodation specialist Centurion Corp.
The HKEX’s listing committee gave the go-ahead last Thursday, Centurion said Monday in a filing. The plan still requires the approval of shareholders… Read More>>
Mainland Regulators Query Wanda Group Over Hong Kong IPO Application
Chinese regulators have asked Dalian Wanda Commercial Management to provide additional details on its application for a Hong Kong initial public offering, fuelling worries over the ability of the country’s largest commercial developer to meet its listing deadline this year.
Singapore’s Centurion Proposes Delisting From Hong Kong Bourse
Singapore-based rental accommodation specialist Centurion Corp says it plans to delist its shares from the Hong Kong Exchange to cut costs and reporting obligations, while maintaining its presence on the SGX.
The company led by co-chairmen Han Seng Juan and… Read More>>
JD.com Files for Hong Kong IPO of Property, Industrial Services Units
JD.com on Thursday filed applications for two initial public offerings in Hong Kong, as the Chinese e-commerce giant looks to spin off (but keep control of) its property and industrial services subsidiaries.
The group led by founder and chairman Richard… Read More>>
HKEX Censures 4 Former Directors of Xinyuan Unit, Bars Founders From Decision-Making
The Hong Kong stock exchange has censured Xinyuan Property Management Service and four of the company’s former directors, including the husband-and-wife team behind New York-listed parent group Xinyuan Real Estate, for breaking rules governing connected transactions.
Under an agreement reached… Read More>>