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Kimpton Hotel Monaco Chicago

Korea’s Lotte Acquires Chicago Hotel for $36M and More Asia Real Estate Headlines

2022/01/17 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, South Korea’s Lotte Group completes its acquisition of a Chicago hotel, China’s real estate crisis hammers bonds issued by developers Country Garden and Logan Group, and statistics show that Singapore REITs doubled their… Read More>>

GuocoLand Secures S$730M Green Loan for SG Project and More Asia Real Estate Headlines

2020/05/20 by James Hatton Leave a Comment

A Singapore-listed developer leads Mingtiandi’s roundup of Asia real estate headlines today with news that the firm controlled by Malaysian billionaire Quek Leng Chan’s Hong Leong Company has secured the largest ever green loan for a real estate development in… Read More>>

Louis Chan Wing-kit, Centaline

HK Home Sales Surge to Eight Year High and More Asia Real Estate Headlines

2019/05/05 by James Hatton Leave a Comment

In our round up of what’s hitting the real estate headlines in Asia today, Hong Kong surges ahead with reports of panic property buying and dubious land payments, but drops behind in the race to be the best investment destination… Read More>>

KPF’s Lotte World Tower in Seoul Wins Super Skyscraper Title

2018/12/18 by Vincent Morkri Leave a Comment

The cloud-breaching Lotte World Tower in Seoul has been recognized as the best new skyscraper in the world, beating out Zaha Hadid Architects’ Generali Tower in Milan and 150 North Riverside Plaza in Chicago.

The tapered 555-metre, 123-storey glass and… Read More>>

Fosun chairman Guo Guangchang

Fosun in Talks to Invest $495M in German Wholesaler Metro

2018/09/18 by Matt Haldane Leave a Comment

Chinese investment firm Fosun International is reportedly in talks to to buy a 426 million euro ($495 million) stake in German food wholesaler Metro AG, unnamed sources told Bloomberg. With Metro’s current market capitalization of 4.85 billion euros, Fosun would… Read More>>

Lotte Shenyang

Lotte May Dump Five Mainland Stores and More Asia Real Estate Headlines

2018/07/31 by Michael Cole Leave a Comment

One of South Korea’s biggest conglomerates leads the news again today, as Lotte Group struggles to overcome geopolitical issues that have plagued its mainland business. Also in the headlines, two of Hong Kong’s biggest developers saw profits plunge in the… Read More>>

Wai-Keung-Cheng Wing Tai

Wing Tai Reports 9X Profit Jump in Q3 and More Asia Real Estate Headlines

2018/05/12 by Greg Isaacson Leave a Comment

Singapore leads today’s news roundup with homegrown developers Wing Tai and Perennial Real Estate announcing huge profit swings in the previous quarter. Also in the Lion City, US pharma giant Johnson & Johnson is launching its new Asia Pacific head… Read More>>

costco

US Hypermarket Chain Costco Sets Up in Shanghai

2018/05/10 by Shawna Kwan Leave a Comment

American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.

Costco inked an agreement with… Read More>>

Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash

2018/04/26 by Greg Isaacson Leave a Comment

The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.

Lotte Shopping will sell one of… Read More>>

Waldorf Astoria New York

Anbang Moving Ahead with Waldorf Condo Conversion and More Asia Real Estate Headlines

2018/03/21 by Michael Cole Leave a Comment

Anbang’s days as a major player in global real estate markets may be over, but the hangover from its buying binge is being felt in New York, as news today confirms that the now government-controlled Chinese insurer is moving ahead… Read More>>

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