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>>
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>>
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>>
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>>
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 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>>
The mainland’s tallest building is proving to be one of its hardest to fill as Shanghai’s giant corkscrew gets some media attention for its leasing struggles. Also in the headlines today, nearly all of China’s new mortgages went to first-time… Read More>>
Hui Wing Mau, the billionaire chairman of Shanghai-based real estate developer Shimao Holdings, has officially become a player in the European market with his purchase of a central London office complex.
Hui, who has already acquired commercial real estate assets… Read More>>
International debt markets didn’t wait for the rescue of Shenzhen-based Kaisa Group to bring back Chinese developer notes as Shimao Property sold an $800 million seven-year bond on Tuesday night.
The debt issue came just hours before Tianjin’s Sunac Holdings… Read More>>
China’s outbound investment wave continued to flow into Sydney as buyers from the mainland and Hong Kong acquired more than $1.23 billion worth of major assets during the last two months of 2014.
Most of the investors were major mainland… Read More>>