Cash for data centres leads Mingtiandi’s review of real estate news from around the region today, with Australian operator NextDC raising fresh debt facilities to expand its network. Also in the news, the liquidators of China Evergrande hope that the… Read More>>
Shimao Founder Sells Sydney Office Tower to Lendlease for $1.6B Residential Project
The founder of Chinese developer Shimao Group has sold a central Sydney office tower to Australian builder Lendlease, which plans to redevelop the site into a luxury residential project with a gross end value of more than A$2.5 billion ($1.6… Read More>>
ESR Selling Down Stake in Australia’s Cromwell and More Asia Real Estate Headlines
Hong Kong-listed ESR moves to pare its long-held stake in Australia’s Cromwell Property Group, with that stock sale leading today’s headline roundup. Also in the news, Lendlease courts Mitsubishi Estate for a Sydney redevelopment venture and a Singapore-backed operator of… Read More>>
Bain Sets 3 Year Target for Fresh Seven & I Listing and More Asia Real Estate Headlines
Private equity major Bain Capital sets a three-year horizon for the public listing of Japanese retailer Seven & I’s non-core business, with that story leading today’s headline roundup. Also in the news, Australia’s Lendlease targets a Sydney tower owned by… Read More>>
Shimao Chairman Selling $199M Aussie Ranchland Portfolio to AIMCo JV
The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>
Shimao Chairman Selling Stake in Hong Kong Luxury Project for $134M
Hui Wing Mau, chairman of defaulting real estate developer Shimao Group, has agreed to sell his 40 percent stake in a luxury project in Hong Kong’s Deep Water Bay for a total consideration of HK$1.04 billion ($134.2 million), according to… Read More>>
Shimao Opens 76th-Floor Flexible Office Outlet in Hong Kong’s The Center
Just under four years after its chairman joined a consortium that purchased one of Hong Kong’s tallest office buildings for $5.2 billion, Shimao Holdings has opened a floor in The Center as a serviced office space, according to local news… Read More>>
HK Investors Caught by Downturn After Paying Record $5.2B for The Center
With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the once red-hot commercial property market in the Asian financial hub is on life support, which spells trouble for the owners of the city’s… Read More>>
Center Buyer Said Selling Stake in $5.2B HK Office Tower to Hui Wing Mau, Pollyanna Chu
As China’s biggest investors were warned off from overseas deals last year and a crackdown on outbound cash killed off cross-border real estate acquisition, Hong Kong still seemed a safe-haven for mainland money. But nothing changes faster in 2018 than… Read More>>
Wan Chai Office Units Sell for HK$55K PSF and More Hong Kong Real Estate Headlines
Wan Chai leads the Hong Kong real estate headlines on this last day of the rooster year, as a set of strata office units sell for a record HK$55,000 per square foot. Also in the headlines, property price growth is… Read More>>