Funds managed by Blackstone have agreed to purchase a controlling stake in Hong Kong International Construction Investment Management Group Co. Ltd (HKICIM), the listed property subsidiary of China’s HNA Group, for HK$7.02 billion ($894.8 million), according to an announcement to… Read More>>
HNA Group is in advanced talks to sell the Reuters building in London for £135 million ($176 million), according to a report published yesterday by Bloomberg.
Should the deal be consummated, the insolvent mainland conglomerate would be selling 30 South… Read More>>
Leading today’s real estate news from around the region, Guo Guangchang’s Fosun Group is making a bid for yet another European retail brand as the company makes a buyout offer for German clothing label Tom Tailor.
Also in the news,… Read More>>
Some of China’s largest developers may be enjoying the country’s current economic squeeze by engaging in some financial cannibalism, as giants such as Country Garden and China Vanke, with the help of private equity investors, fill their plates with a… Read More>>
HNA Group has sold off its last piece of land in Hong Kong’s Kai Tak area at a HK$740 million ($94 million) loss, as the mainland conglomerate struggles to liquidate assets in a slowing market.
Hong Kong International Construction Investment… Read More>>
HNA Group is in talks to sell its fourth and final plot of development land at Hong Kong’s former Kai Tak airport, according to a company filing to the Hong Kong Stock Exchange, as the distressed mainland conglomerate attempts to bail… Read More>>
Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.
A unit of Hongkong Land is suing HNA Group after… Read More>>
HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially-hobbled mainland conglomerate races to sell assets and raise cash.
The parent company of China’s Hainan Airlines said that it had sold… Read More>>
At the top of today’s real estate headlines from around the region, China’s HNA Group is adding a Harbin hotel project and 19 other assets to a list of items it hopes to sell off as the conglomerate continues to… Read More>>
CapitaLand has formed a 50:50 joint venture with US real estate private equity firm AEW to acquire 70 percent of the Pufa Tower in Shanghai’s Lujiazui financial district from a vehicle controlled by HNA Group for RMB 2.75 billion ($402… Read More>>