Asia real estate and outbound investment news
A Hong Kong joint venture fronted by a privately-held affiliate of Wing Tai Group has agreed to buy an office building in London for around £225 million ($282 million), according to market sources who were in contact with Mingtiandi.
The… Read More>>
Cloud providers like Google, Microsoft and Alibaba, which house armies of servers in huge bit barns, demonstrated their appeal to real estate investors in Asia Pacific again this week, with two $1 billion data centre partnerships announced in two days.
Beijing-based Cindat Capital Management has teamed with Oaktree Capital Management to acquire 30 South Colonnade, an office building on London’s Canary Wharf from China’s financially challenged HNA Group, Mingtiandi has come to understand.
Although financial details of the transaction have… Read More>>
HNA Group is in advanced talks to sell the Reuters building in London for £135 million ($176 million), according to a report published yesterday by Bloomberg.
Should the deal be consummated, the insolvent mainland conglomerate would be selling 30 South… Read More>>
The unwinding of China’s mega-investors leads the news again today as Shanghai-based Greenland Group pauses to reconsider its quest to build London’s tallest residential tower, and a policy bank controlled by the central government takes control of HNA’s ongoing asset liquidation…. Read More>>
Wing Tai Properties has entered a 50:50 joint venture with Hong Kong-based Manhattan Garment Holdings to buy a landmark commercial complex in London for £460 million ($591.1 million), according to a filing with the Hong Kong stock exchange on November… Read More>>
Hong Kong billionaire property developer Li Ka-Shing’s CK Asset Holdings is in talks with a partner in a joint venture that owns Earls Court, a 3.4 million square foot (374,000 square meter) estate in west London to purchase a majority… Read More>>
Shrugging off Brexit concerns, City Developments Limited (CDL) had added another trophy asset to its London collection. The Singapore-listed developer announced on Friday that it has acquired a prime office tower in London from Blackstone for £385 million ($493.99 million) —… Read More>>
Just days after stories emerged of China’s HNA Group putting some 82 properties on the market, a list of nine overseas properties being offered for sale by the defaulting conglomerate has been obtained by mainland news website, thepaper.cn.
HNA’s latest… Read More>>
Hong Kong’s Nan Fung has bought a majority stake in Endurance Land to up its exposure in the United Kingdom, according to a statement released on the Central London property developer’s official website.
The privately-held real estate development and investment… Read More>>
