Fund manager Gaw Capital Partners tries to refinance the debt used to buy a Hong Kong office tower, with that story leading Mingtiandi’s headline roundup today. Also in the news, Citigroup takes a hit on a block trade in Goodman… Read More>>
Asia Real Estate People in the News 2024-12-02
A shock chief executive switch leads this week’s review of personnel moves in Asia’s real estate industry, with Hong Kong’s New World Development naming its second new leader in two months. Also making the list are new appointments at a… Read More>>
New World Selling Sports Complex Stake to Cheng Family for $53M as CEO Exits
Hong Kong’s New World Development has agreed to sell its entire interest in a sports complex at the former Kai Tak Airport site to Chow Tai Fook Enterprises, the private holding firm of New World’s controlling Cheng family, for HK$416.7… Read More>>
IKEA Opens $1B Shanghai Shopping Mall and More Asia Real Estate Headlines
Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. Also making the list, WeWork’s India exit plan goes awry and a tender for Singapore’s Roxy Square ends with no bids.
Adrian Cheng Steps Down as CEO After New World Posts First Loss in Two Decades
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>>
Daiwa Securities REIT Buying Tokyo Apartments and More Asia Real Estate Headlines
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>>
Blackstone Nears $13.5B Buy of AirTrunk and More Asia Real Estate Headlines
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>>
New World Said Closing In on $1.2B Sale of Kowloon Mall to China Resources
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>>
CPPIB, CDPQ Set to Join Blackstone in $9.6B AirTrunk Tender and More Asia Real Estate Headlines
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>>
GIP May Join DigitalBridge Bid in $13B Airtrunk Sale and More Asia Real Estate Headlines
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>>
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