Proptech leads today’s news roundup, with a Korean real estate crowdfunding startup raising a pile of money in a record-breaking series A investment round. Also in the headlines, China Vanke and ZTE are set to move ahead on a Shenzhen… Read More>>
Millennium and Copthorne Agrees to £2B CDL Buyout Bid and More Asia Real Estate Headlines
Singapore’s CDL is back in the news again today after it appears to have achieved its mission of buying out a London-listed hotel chain already controlled by the property firm. Also grabbing some air time is mainland media darling and… Read More>>
Chinese Estates Builds HK$27B Evergrande Stake and More Asia Real Estate Headlines
Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more than its own Hong Kong market cap. Also in the headlines, China’s suppression of housing demand means that sales… Read More>>
Singapore’s CDL Offers to Buy Out Millennium & Copthorne Hotels in $822M Deal
Singaporean property heavyweight City Developments Limited (CDL) has offered to buy out the outside investors in its Millennium & Copthorne Hotels, in a deal that values the London-listed global hotelier at £1.8 billion ($2.4 billion).
CDL, which already holds a… Read More>>