Weeks after the failure of what had been expected to one of 2019’s biggest initial public offerings, WeWork is reported to be scrambling for a multi-billion dollar bailout package as media reports indicate the office sharing giant could run out… Read More>>
JP Morgan Selling 195 Broadway in NYC to Korean Investors for $500M
JP Morgan has reached an agreement to dispose of Manhattan’s landmark 195 Broadway to a consortium led by Korea Investment & Securities and Samsung SRA Asset Management for KRW 600 billion ($500 million), according to the Korea Economic Daily.
JP… Read More>>
WeWork Said to Pick JPMorgan to Manage $6B Debt Offering, Lead IPO
The final timing for WeWork’s upcoming initial public offering has yet to be set, however, the office-sharing startup is close to finalising the details of a $6 billion debt offering, in a deal which indicates a launch date of not… Read More>>
WeWork Said Co-Working with Goldman, JP Morgan to Raise Up to $4B in Debt Pre-IPO
Seven months after filing for an initial public offering, WeWork is planning to raise as much as $4 billion in debt to refill its corporate coffers, according to news accounts citing sources familiar with the shared office provider’s discussions.
The… Read More>>
JP Morgan Says HK Cooling Measures Miss Their Mark and More Asia Real Estate Headlines
Escalating house prices lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a top US investment bank says Hong Kong house prices will continue to climb, despite the government’s cooling measures, and a… Read More>>
Mainland Developers Issue $8.6B in Offshore Bonds and More Asia Real Estate Headlines
China’s real estate market is slowing and the country’s biggest developers have reacted by borrowing more cash from overseas markets as government controls continue to restrict home sales. Also in the news today, JP Morgan joins the analyst choir predicting… Read More>>
JP Morgan Chase Builds 11% Stake in China Vanke
According to information from the Hong Kong stock exchange, JP Morgan Chase & Co used a flurry of share trades to build its stake in China Vanke, the third largest real estate developer in China, to 11.13 percent as of… Read More>>
IKEA Opens First India Store in Hyderabad and More Asia Real Estate Headlines
India looms large in the region’s real estate world today as the subcontinent gets its first IKEA shop, and one of the country’s biggest landlords unveils a 1.1 million square metre lease just before it launches India’s first REIT with… Read More>>
JP Morgan Said Selling India Fund Business to Apollo and More Asia Real Estate Headlines
India may be the hottest market for some international real estate investors this year, but that doesn’t mean that everyone who enters the market will win, as US financial giant JP Morgan decides to give up and go home after… Read More>>
JP Morgan Goes Flexible in Central Office and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, JP Morgan is riding the flexible workspace trend in its Chater House office, and slashing rents in the process. And speaking of leasing costs, the city finally saw apartment rents decline last month… Read More>>