In today’s roundup of regional news headlines, investors flock to the pre-IPO funding round for Wanda’s commercial property management unit, China’s first nine REITs are oversubscribed on the initial day of offering, and banking giant HSBC seeks to expand its… Read More>>
China’s JD Logistics Set to Raise $3.2B In Hong Kong IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, JD Logistics is reportedly set to price its Hong Kong IPO near the bottom of the target range, South Korean investors are readying a lawsuit over a Las Vegas construction loan turned sour,… Read More>>
Mapletree Logistics Trust Adding Five Greater Seoul Sheds for $250M
Singapore-listed Mapletree Logistics Trust on Monday announced an agreement to acquire five warehouse assets in South Korea for KRW 280 billion ($250 million), strengthening MLT’s foothold in Asia Pacific’s third-largest e-commerce market.
Situated in the Yongin-Icheon logistics cluster in the… Read More>>
China Vanke to Sell $1B in Shares to Repay Debt and More Asia Real Estate Headlines
A mainland developer leads Mingtiandi’s roundup of real estate headlines today as the Shenzhen-based company is planning to raise $1 billion by selling new H-shares to pay down overseas debt.
In other news around the region, an Aussie investment bank… Read More>>
Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults
South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.
New York-based Witkoff, which… Read More>>
Korea’s Mirae Sends Termination Notice on $5.8B Anbang Hotel Deal
South Korea’s Mirae Asset Management has sent a notice of termination to Dajia Insurance, formally scrapping its $5.8 billion acquisition of a portfolio of 15 high-end US hotels that the mainland group had taken over in the restructuring of troubled… Read More>>
Mirae Blames Chinese Side for Failed $5.8B Hotel Deal and More Asia Real Estate Headlines
A pair of Asian companies doing their best not to own a set of US luxury hotels leads today’s real estate news as Korea’s Mirae Asset Management and China’s Dajia Insurance hurl blame at each other over a failed $5.8… Read More>>
Anbang Sues Korea’s Mirae as $5.8B US Hotel Deal Collapses
China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of a portfolio of 15 high-end US hotels, after the coronavirus pandemic stalled financing for the transaction.
The nationalised mainland insurer filed… Read More>>
Mirae Misses Payment on $5.8B Hotel Deal and More Asia Real Estate Headlines
The novel coronavirus continues to create a new reality for real estate investment around the region, as a report reveals that one of Korea’s largest asset managers has defaulted on its obligations in a $5.8 billion acquisition of a set… Read More>>
Mirae Selling Chicago Office Tower for $225M and More Asia Real Estate Headlines
A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean investor is offloading the 31-storey property for $225 million – just $7 million more than its acquisition… Read More>>