Shared office giant WeWork leads the news again today as Japan’s Softbank decides to wager another $1 billion that leasing offices on a retail basis will continue to be a growth industry. Also in the news, a UK sports retailer… Read More>>
Blackstone Buys Arizona Biltmore from GIC for $403M and More Asia Real Estate Headlines
Leading today’s roundup, Singaporean sovereign wealth fund GIC is reported to have sold the Arizona Biltmore hotel, part of Hilton’s Waldorf Astoria collection, to a Blackstone fund after acquiring the historic resort in 2013. Overseas investment is also in the… Read More>>
Sanpower Selling House of Fraser After Launching Just Two Stores in Four Years
China’s Sanpower Group is poised to sell a majority stake in troubled UK retailer House of Fraser, less than four years after the Nanjing-based conglomerate bought an 89 percent interest in the department store chain.
Sanpower subsidiary Nanjing Cenbest (Nanjing… Read More>>