Seizures of Evergrande projects lead our headline roundup again today as an FT report reveals that US-based debt investment specialist Oaktree has taken control of a second development from the troubled developer, following a story on a Hong Kong repo… Read More>>
Blackstone Buys Melbourne Self-Storage for $297M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity king Blackstone picks up a self-storage business in Melbourne, AirTrunk announces plans to build a massive data centre in Sydney, and China Evergrande’s electric car unit hopes to raise some cash… Read More>>
Evergrande Transfers Cash to Avoid Bond Default and More Asia Real Estate Headlines
Investors in Chinese developer bonds (and perhaps a few of the developer bosses) went home happier on Friday as reports emerged that China Evergrande has arranged funds to avoid default on a set of US dollar notes, and that story… Read More>>
Hopson Said Buying 51% Stake in Evergrande Property Services for Over HK$20B
Hopson Development will purchase a 51 percent stake in the property management division of China Evergrande Group for more than HK$20 billion ($2.6 billion), according to an account in mainland financial news site Cailian.com today, as a widely expected restructuring… Read More>>
Former CapitaLand China Boss Lucas Loh Named Co-President at Hopson
Former CapitaLand China president and CEO Lucas Loh has surfaced at Hong Kong-listed Hopson Development Holdings, where he has been named co-president of the mainland real estate firm.
Loh served as the head of Singaporean property giant CapitaLand’s China operations… Read More>>
Asia Real Estate People in the News 2020-11-09
This week Mingtiandi’s collection of people moves from around the region brings you a top-level executive change at a mainland developer, as well as a new managing director at China’s biggest real estate debtor. Also making human resources headlines is… Read More>>
Savills Continues Brokerage Momentum with HK$640M Kowloon Deal Mingtiandi Broker Battle
Savills tops Mingtiandi’s deal charts for the third time running, after reportedly linking up with First Group in the Hong Kong developer’s HK$640 million ($83 million) purchase of a commercial site in New Kowloon – right next door to a… Read More>>
Hopson Chairman Resigns, Daughter Appointed to Lead Guangzhou Developer
A mainland real estate princess stepped up to queen this week as 31-year-old Chu Kut Yung was named Chairman of Hopson International Development Holdings, according to a stock exchange announcement on Monday.
Chu, whose name in Mandarin is Zhu Jurong,… Read More>>
Hopson Agrees to Buy Stalled NYC Project From Struggling Mainland Developer for $113M
Mainland China developer Hopson Development Holdings is poised to make its first overseas acquisition after agreeing to buy a stalled residential project in New York for $113.5 million, according to a company announcement to the Hong Kong stock exchange.
With… Read More>>
AEW JV Buys Beijing Office Tower From Hopson for RMB 4.5B — Exclusive
A joint venture led by real estate investment manager AEW has purchased a 21-storey office tower in Beijing for a total compensation of RMB 4.5 billion ($654 million), according to sources familiar with the transaction who spoke with Mingtiandi.
AEW joined… Read More>>