Hong Kong’s New World Development receives commitments from 10 banks for an $11 billion loan refinancing, with that report leading today’s headline roundup. Also in the news, Brookfield eyes more Singapore property investments and Japan’s richest man buys a Milan… Read More>>
Chinese Estates Sells London Office Block to Oracle’s Larry Ellison for 19% Below Asking Price
Chinese Estates Holdings has completed the sale of an office block in London’s West End for £162 million ($203.1 million), a sum representing a 19 percent discount to the Hong Kong-based company’s asking price for the property.
The firm formerly… Read More>>
Former Chinese Estates Chairman Joseph Lau Marketing London Mansion for $117M
Former Chinese Estates Holdings chairman Joseph Lau has reportedly put up for sale a London mansion at an asking price of £90 million ($117 million), marking the latest UK asset tied to the the fugitive tycoon and the HKEX-listed developer… Read More>>
Chinese Estates Sells Mayfair Office Block to the UK’s Oval Real Estate for $161M
Chinese Estates Holdings has sold an office block in London’s posh Mayfair area to local developer and investor Oval Real Estate for £125.4 million ($160.9 million), with the asset changing hands at a 7 percent discount to its £135 million… Read More>>
Chinese Estates Marketing Office Block in London’s Mayfair for $172M
Chinese Estates Holdings has put up for sale an office block in London’s posh Mayfair area, as the developer formerly controlled by fugitive tycoon Joseph Lau seeks to shore up liquidity following a 93 percent net profit plunge last year.
Evergrande Hit With $111M Penalty Over Failed Deals and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, defaulted developer China Evergrande loses an arbitration case against a jilted investor, and fellow builder Fantasia Holdings’ debt restructuring plan hits a snag. Also in the news, a son of Hong Kong billionaire… Read More>>
Vanke Eyes $2.2B Capital Raise to Fund Projects and More Asia Real Estate Headlines
In today’s roundup of regional real estate news headlines, China’s Vanke announces plans to raise development funds, investors react to Link REIT’s proposed rights issue and Singapore’s Keppel Land joins with a local partner to take on more Vietnam projects.
Billionaire Joseph Lau and Family Bid to Take Chinese Estates Private for $245M
Property tycoon Joseph Lau plans to take his Hong Kong-listed Chinese Estates Holdings private, looking to salvage what remains of the loss-making, largely inactive firm after its ill-fated investment in fellow developer China Evergrande Group.
A company owned by Lau’s… Read More>>
Hong Kong Developer Chinese Estates Promotes Joseph Lau’s Wife, Chan Hoi-wan, to CEO
The long-running succession saga at Hong Kong billionaire Joseph Lau’s business empire began a new chapter this week with the elevation of Lau’s wife, Chan Hoi-wan, to CEO of Chinese Estates Holdings to replace her elder sister, Chan Sze-wan.
In… Read More>>
WeWork Said Exiting Korea 2 Months After Naming New Boss and More Asia Real Estate Headlines
A troubled co-working company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the loss-making firm, which has burned through billions of dollars worth of investment from Softbank and other backers without turning a profit, is… Read More>>