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Adrian Cheng, CEO and executive vice-chairman of New World Development

Adrian Cheng Steps Down as CEO After New World Posts First Loss in Two Decades

2024/09/26 by Kevin He Leave a Comment

Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder posted its first full-year loss in two decades.

The third generation scion of the billionaire Cheng family has also been redesignated from… Read More>>

Residential Forum 2023

Daiwa Securities REIT Buying Tokyo Apartments and More Asia Real Estate Headlines

2024/09/19 by Michael Cole Leave a Comment

Tokyo multi-family leads today’s headline roundup, with a Daiwa Securities REIT announcing plans to buy two apartment buildings in the city. Also in the news, Hong Kong cuts rates in lock-step with the US central bank and Japan’s Sun Frontier… Read More>>

Robin Khuda AirTrunk

Blackstone Nears $13.5B Buy of AirTrunk and More Asia Real Estate Headlines

2024/09/02 by Michael Cole Leave a Comment

The pursuit of Aussie data centre operator AirTrunk leads today’s headline roundup, with US giant Blackstone said to be closing in on a $13.5 billion buy. Also in the news, Chinese sovereign fund CIC seeks to sell its stake in… Read More>>

adrain cheng nwd

New World Said Closing In on $1.2B Sale of Kowloon Mall to China Resources

2024/08/30 by Kevin He Leave a Comment

A unit of state-run China Resources is in talks to acquire a Tsim Sha Tsui shopping complex from Hong Kong’s New World Development as it continues to expand its retail footprint in the Asian financial hub.

China Resources Longdation is… Read More>>

Robin Khuda AirTrunk

CPPIB, CDPQ Set to Join Blackstone in $9.6B AirTrunk Tender and More Asia Real Estate Headlines

2024/08/05 by Ponrath Sopannarath Leave a Comment

Canadian pension funds lead Mingtiandi’s headline roundup today, with CPPIB and CDPQ said to be joining forces with Blackstone in its pursuit of Aussie data centre operator AirTrunk. Also in the news, China’s GDS Holdings seeks as much as $1… Read More>>

Adebayo Ogunlesi GIP

GIP May Join DigitalBridge Bid in $13B Airtrunk Sale and More Asia Real Estate Headlines

2024/07/30 by Ponrath Sopannarath Leave a Comment

A US investment giant leads Mingtiandi’s headline roundup today as Global Infrastructure Partners considers joining DigitalBridge in a bid for $13 billion data centre platform AirTrunk. Also in the news, Country Garden’s liquidation hearing is postponed to January and Prada… Read More>>

China Home Prices Fall Again Despite Bailout and More Asia Real Estate Headlines

2024/07/16 by Ponrath Sopannarath Leave a Comment

China’s home prices continued their slide in June, with that story leading Mingtiandi’s headline roundup today. Also making the news, Goldman Sachs aims to raise $2 billion for its first APAC-focused private equity fund and Hong Kong tycoon Adrian Cheng… Read More>>

Frasers Property Secures $670M Green Loan and More Asia Real Estate Headlines

2024/07/09 by Ponrath Sopannarath Leave a Comment

Sustainability is helping Singapore’s Frasers Property to access some fresh cash with news of the developer landing a $670 million green credit facility leading today’s headline roundup. Ping An Bank also makes the news with plans to shift Shanghai staff… Read More>>

Adrian Cheng, CEO and executive vice-chairman of New World Development

NWD Sells Hong Kong Homes at Eight-Year Low Price and More Asia Real Estate Headlines

2024/07/07 by Ponrath Sopannarath Leave a Comment

New World Development and Far East Consortium are marketing a residential project at the lowest prices in eight years, with that story leading Mingtiandi’s headline roundup today. Also making the list, Malaysia’s Johor has attracted more than 50 data centres… Read More>>

FEC chairman and CEO David Chiu

Far East Consortium Bucks Trend With 31% Profit Rise and More Asia Real Estate Headlines

2024/06/28 by Ponrath Sopannarath Leave a Comment

Far East Consortium leads today’s headline roundup as the Hong Kong developer outshines its peers with a hefty profit increase. Also making the list, Joseph Lau’s Chinese Estates eyes exits from key London assets and Japan’s NTT preps a domestic… Read More>>

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