Asia real estate and outbound investment news
HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially-hobbled mainland conglomerate races to sell assets and raise cash.
The parent company of China’s Hainan Airlines said that it had sold… Read More>>
Cash-strapped HNA Group is said to be in talks to sell a Manhattan office building for $452 million — taking a haircut on its remaining New York real estate asset — after the US government reportedly ordered the Chinese firm… Read More>>
HNA has already sold more than $17 billion in assets in 2018, but even that hypersonic rate of disposals may not be fast enough for the US government, which is now said to have given the Chinese conglomerate an ultimatum… Read More>>
HNA Group is said to be selling off a controlling stake in its Manhattan office tower at 245 Park Avenue to real estate investment trust SL Green Realty, amid a panic sale of more than $14.5 billion in assets by Chinese… Read More>>
HNA Group has the highest interest expenses among Asian companies in the financial year of 2017, even topping Japanese conglomerate Softbank Group, according to a Bloomberg report. To address a debt crisis triggered by its recent two-year acquisition binge the… Read More>>
The Shanghai government-owned firm best known for developing China’s tallest building is partnering with US luxury home builder Toll Brothers on a $323 million, 19-storey condo project in lower Manhattan.
NYSE-listed Toll Brothers announced last week that its urban development… Read More>>
Hong Kong’s Gaw Capital has bought a boutique hotel in Manhattan’s meatpacking district for $323 million, officially sealing a deal that was first reported back in August.
The private equity firm acquired the Standard Hotel through the limited liability company… Read More>>
China’s URWork has joined forces with an American flexible office provider to open its first US location in downtown Manhattan, as the battle for co-working domination intensifies. The $1.3 billion Beijing startup that aims to be China’s answer to WeWork… Read More>>
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>
A US-based subsidiary of China’s largest construction firm has entered the New York City real estate market by taking a $140 million stake in a Manhattan condo project.
Strategic Capital, an investment affiliiate of state-owned China State Construction and Engineering… Read More>>
