China’s embattled HNA Group is continuing its series of asset disposals with its sale of an 80 percent stake in an uncompleted Wuhan logistics project to an affiliate of superinvestor Fang Fenglei’s Hopu Capital for RMB 312 million ($45.8 million),… Read More>>
HNA Said Selling Shenzhen Project to Tianji Wealth for RMB 1.6B
Continuing HNA’s ongoing series of asset sales, local media reports emerged today that the mainland conglomerate’s Hainan Airlines Real Estate unit is selling a mixed-use complex in Shenzhen for RMB 1.6 billion ($240 million).
The latest asset to go out… Read More>>
China Orient Predicts Surge in Bad Real Estate Loans and More Asia Real Estate Headlines
China’s turbulent financial markets lead today’s real estate news from around the region as one of the mainland’s four major “bad asset banks” predicts trouble for overstretched developers. Despite the turmoil further north, investors in Singapore are still showing enthusiasm… Read More>>
HNA Sells Five Singapore Warehouses to Mapletree Logistics Trust for $535M
A unit of HNA Group has agreed to sell a set of five Singapore warehouses to Mapletree Logistics Trust for S$730 million ($535 million) less than seven months after acquiring the assets, according to an announcement by Mapletree on July 5th.
HNA Pawns HK$506M Peak Mansion for Short-Term Loan and More Asia Real Estate Headlines
Hangovers suffered from China’s cross-border buying binge dominate the real estate news across the region today, with familiar players HNA, Country Garden and CCCC taking leading roles in some financial drama. A day after HNA reported the untimely death of… Read More>>
HNA Co-Chairman Wang Jian Dies Suddenly in France
HNA founder and co-chairman Wang Jian died suddenly in a reported accident this week at age 57, according to an announcement today by the troubled Chinese conglomerate.
“He stood on the edge of a sharp drop to get his family… Read More>>
HNA Said Shopping Radisson Hotels Amid Cash Crunch and More Asia Real Estate Headlines
China’s troubled HNA Group leads the region’s real estate news again today as the once-trigger happy buyer continues to unload assets around the globe. Chen Feng’s transport and tourism-focused group is now said to be selling off Minnesota’s Radisson Hotel… Read More>>
HNA Said Selling Stake in $2B 245 Park Avenue Tower to SL Green
HNA Group is said to be selling off a controlling stake in its Manhattan office tower at 245 Park Avenue to real estate investment trust SL Green Realty, amid a panic sale of more than $14.5 billion in assets by Chinese… Read More>>
HNA Sells Stake in Spain’s NH Hotels for $723M, Bringing 2018 Fire Sale to $14.5B
Embattled Chinese conglomerate HNA Group is shedding its stake in European hotelier NH Hotel Group, in the latest move by the debt-strapped firm to downsize its trove of overseas assets and raise badly needed cash.
HNA is selling the 25.2… Read More>>
HNA Sells Minneapolis City Center Complex to Samsung SRA For $320M
HNA Group continues to shed US assets to pay off its debt burden, with the Hainan-based conglomerate this past week having been reported this past week to have sold the Minneapolis City Center mall and an adjacent office building for… Read More>>
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