A once high-flying mainland investor has been grounded by the courts after failing to make a $5,300 payment ordered in a lawsuit judgement, landing HNA Group at the top of the news once again.
Also in… Read More>>
Victoria’s Secret Closes Hong Kong Flagship Store and More Asia Real Estate Headlines
A leading purveyor of lacy lingerie has joined the exodus from the world’s most expensive retail district, as reports from Hong Kong today report the shutdown of a Victoria’s Secret shop in Causeway Bay.
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Office Vacancy in HK’S Central Hits Post-2009 Peak and More Asia Real Estate Headlines
Hong Kong’s priciest district leads Mingtiandi’s roundup of Asia real estate headlines as the average vacancy level across the once red hot office market has soared to 8.5% – its highest since 2009.
In other news around the region, the… Read More>>
Hong Kong April Retail Sales Plunge 36% and More Asia Real Estate Headlines
Plunging retail sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as shoppers continue to stay away from the high streets in one Asia retail hub, triggering a 36 percent drop in purchases.
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HNA Fails to Make Payment on $4B Ingram Micro Buyout Loan
A unit of China’s HNA Group has failed to repay $750 million owed from its buyout four years ago of a US technology distributor, as the cash-strapped conglomerate’s credit problems continue to mount despite selling off a Shanghai office tower… Read More>>
HK Hotels Closing as Over 90% Run Losses and More Asia Real Estate Headlines
Hong Kong’s troubled hospitality sector leads the way in Mingtiandi’s roundup of Asia real estate headlines today as falling occupancy forces the closure of many of the Asian financial hub’s struggling hotels.
In other news around the region, the bondholders… Read More>>
HNA Group Sells Shanghai Office Tower to China Cinda for RMB 3.6B
Just over a month after Hainan government officials took over HNA Group, a report by Colliers International has revealed that the cash-strapped conglomerate has completed the disposal of the Shanghai HNA Tower for RMB 3.6 billion ($510 million).
The property… Read More>>
Luckin Coffee Scandal Derails Backer’s $2.5B Fund and More Asia Real Estate Headlines
An accounting scandal leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a mainland private equity firm that is a major backer of the coffee chain accused of faking its sales has put… Read More>>
Link REIT Completes A$683M Aussie Acquisition 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-based REIT has completed its acquisition of a 10-storey office tower in Sydney from funds managed… Read More>>
Mirae Needs More Time to Close $5.8B Anbang Hotel Deal and More Asia Real Estate Headlines
A luxury hotel deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the South Korean buyer is said to have asked for some more time to complete the $5.8 billion acquisition, as financing dries up… Read More>>
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