Singapore-based PropertyGuru is set to complete its listing on the New York Stock Exchange next month despite widening net losses, with the online marketplace operator planning to use the proceeds of the share sale to expand its fintech business and… Read More>>
Richard Li, Peter Thiel to Take PropertyGuru Public in $1.78B SPAC Deal
After pulling the plug on its Australian IPO almost two years ago, Singapore-based PropertyGuru is ready for another attempt at a public listing through a merger with a special purpose acquisition company (SPAC) backed by billionaires Richard Li and Peter… Read More>>
Richard Li’s PCCW Selling Data Centres to Colony Capital Successor for $750M
Hong Kong-based telecom operator PCCW is selling its data centre business to DigitalBridge, a New York Stock Exchange-listed real estate investment trust that was known as Colony Capital until one month ago, for $750 million, according to a notice to… Read More>>
Richard Li Buys Central Project From CSI for HK$2B
Richard Li’s Pacific Century Premium Developments (PCPD) has agreed to pay HK$2 billion ($256 million) to a company run by a former associate of the second-generation tycoon in return for ownership of a prime housing site in Hong Kong’s Central… Read More>>
Richard Li’s Pacific Century Poised to Take Over $7.8B North London Project
A Hong Kong-listed property group controlled by the younger son of Li Ka-shing is poised to take charge of a £6 billion ($7.8 billion) development in North London after a local developer walked away from the UK mega-project.
Pacific Century… Read More>>
Richard Li’s FWD Group Buying 50% Stake in SG Office Building for $424M
A unit of FWD Group, the insurance arm of Richard Li’s Pacific Century Group, has agreed to purchase a 50 percent stake in a Singapore office building from CapitaLand Commercial Trust for S$591.6 million ($424 million), according to an announcement… Read More>>
Li Ka-shing Said to Sell Shanghai Office Tower for RMB 1.54B
Li Ka-shing appears to be continuing to sell off his China real estate assets, as a recent report has Asia’s richest man selling an office building in Shanghai for around RMB 1.54 billion ($250 million).
According to a story on… Read More>>
Gaw Capital Acquires Beijing Project from Richard Li for US$928M
Real estate private equity firm Gaw Capital Partners announced yesterday that a company belonging to one of its funds has signed a conditional agreement to acquire Richard Li’s Pacific Century Place in Beijing for US$928 million.
The sale by Li’s… Read More>>
Li Ka-shing-Backed ARA Fund Completes RMB 2.48B Sale of Nanjing IFC
Real estate services firm Jones Lang LaSalle (NYSE: JLL), announced today that its client – ARA Asia Dragon Fund – had concluded the en-bloc sale of Nanjing International Finance Center to SanPower Group for a total transaction value of RMB… Read More>>
Li Ka-shing’s Son Richard to Sell Beijing Property for $900M
The real estate arm of Richard Li’s PCCW announced this week that it is close to selling a Beijing office building for a price put by sources close to the deal at US$900 million, as the Hong Kong princeling follows his father’s lead in selling off China property assets.
The move by Hong Kong based Pacific Century Premium Developments Ltd (PCPD), follows soon after the younger Li’s father, Li Ka-shing sold the Nanjing IFC in eastern China’s Jiangsu province on January 1st