China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>
Billionaire Bids HK$48B to Privatise HK Developer Wheelock
Hong Kong property billionaire Peter Woo is offering to take Hong Kong-listed Wheelock & Company private in a deal worth just under HK$48 billion ($6.2 billion), according to a stock exchange filing.
Woo, whose family controls the 93-year-old firm chaired… Read More>>
Mirae Closes in on $5.5B Anbang Luxury Hotel Portfolio and More Asia Real Estate Headlines
Trophy assets lead the way in Mingtiandi’s roundup of real estate headlines today with the news that a South Korean group now leads the pursuit of a troubled insurer’s luxury hotel portfolio, with the offer said to be in the… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
