Just three days after announcing a plan to dispose of 40 real estate projects in China, Future Land confirmed in a filing to the Hong Kong Stock Exchange on July 24 that it has executed equity and debt transfer agreements… Read More>>
Cai Xinyi, Daughter of Longfor Founder, Now China’s Youngest Billionaire With $7.2B Fortune
China has a new entry on the list of the world’s youngest billionaires as the twenty-something daughter of Longfor Properties founder Wu Yajun just saw her personal net-worth jump by HK$56 billion ($7.17 billion).
Cai Xinyi, daughter of Wu Yajun… Read More>>
China’s Anbang Hires BoA to Sell Hotel Portfolio and More Asia Real Estate Headlines
The trials facing mainland corporates caught on the wrong side of Beijing policy changes loom large in today’s real estate headlines as Anbang and HNA try to sell off some of their harder-to-sell assets and mainstream developers face the prospect… Read More>>
CPPIB Joins China Rental Housing Rush in $817M Deal With Longfor
Canada Pension Plan Investment Board has struck yet another deal with its favorite mainland developer, Longfor Group Holdings, as the Canadian pension fund manager and the Beijing-based builder today announced an agreement to jointly invest at least $817 million in… Read More>>
Asia Real Estate People in the News 2018-07-09
A set of board level changes lead this week’s look at who’s changing places in Asia’s real estate world, as an Anbang executive appears to be exiting a role as some of the mainland’s leading corporates, and Korea’s biggest pension… Read More>>
Asia Real Estate People in the News 2018-03-19
Leading this week’s roundup of people moves, a JLL exec is taking a top job overseeing the agency’s facilities management business in North Asia, while a veteran of China’s largest construction firm is hopping to Greenland USA. Hong Kong’s Pamfleet… Read More>>
Longfor Co-Founder’s Junson Capital Buying $800M in US Hotels From MassMutual’s Barings
Hong Kong-based Junson Capital, a private equity real estate investment firm controlled by Longfor Properties co-founder Cai Kui is buying a portfolio of US hotels from MassMutual’s Barings subsidiary for as much as $800 million, according to media reports.
Barings’… Read More>>
CCPIB Invests $662M in Pair of Longfor Projects in Shanghai, Chengdu
The Canada Pension Plan Investment Board (CPPIB) is deepening its partnership with top Chinese developer Longfor Properties by investing RMB 4.2 billion ($662 million) in two new mixed-use projects in the cities of Chengdu and Shanghai, the pension fund manager… Read More>>
Beijing Wall’s Downfall Prompts China Housing Policy Debate
The destruction of a steel gate by angry homeowners in a Beijing compound has sparked an online debate about housing rights in the nation’s capital, and created a new headache for one of China’s largest developers.
The hated gate separated… Read More>>
Country Garden and Longfor Raise $1.7B in Offshore Bonds
Country Garden, China’s biggest developer by contracted sales, announced on Tuesday it would raise a combined $850 million through the issue of senior notes in two tranches. The move came just one day after fellow top-ten developer Longfor Properties announced… Read More>>