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Evergrande Xu Jiayin

Evergrande Assets Frozen by Mainland Courts and More Asia Real Estate Headlines

2022/02/16 by Michael Cole Leave a Comment

Fresh trouble for flailing China Evergrande Group leads Mingtiandi’s headline roundup today as a construction firm controlled by the Shanghai government succeeds in having two sets of the developer’s assets frozen by courts.

Also in the news… Read More>>

Zhang wei2

China’s CFLD Seeks Police Help to Locate $313M Invested With Gangster Firm

2021/12/19 by Christopher Caillavet Leave a Comment

China Fortune Land Development’s disclosure on Thursday that it had entrusted $313 million in late 2018 to a wealth management firm controlled by a convicted swindler adds another chapter to the drama of one of the mainland’s most troubled real… Read More>>

header-self-storage-alphington

Blackstone Buys Melbourne Self-Storage for $297M and More Asia Real Estate Headlines

2021/11/04 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, private equity king Blackstone picks up a self-storage business in Melbourne, AirTrunk announces plans to build a massive data centre in Sydney, and China Evergrande’s electric car unit hopes to raise some cash… Read More>>

Police evergrande

Evergrande Taps Financial Advisors After Unpaid Staff Storm Shenzhen HQ

2021/09/14 by Christopher Caillavet Leave a Comment

China Evergrande Group on Tuesday morning said it was engaging outside advisors to assess its liquidity as it acknowledged that its already shaky finances have begun a downward spiral as buyers shun its available homes and creditors swarm.

“The Company… Read More>>

sherman kwek CDL

CDL Sells Stake in China’s Sincere for $1, Takes Over Shenzhen Tech Park

2021/09/11 by Michael Cole Leave a Comment

After investing $1.4 billion in Sincere Property Group (协信远创) over the past 17 months, City Developments Ltd has agreed to sell its majority stake in the Chongqing-based developer for $1.00 as it writes off the mainland joint venture.

“The consideration… Read More>>

Evergrande Weighs Sale of Stake in Auto Unit After $740M H1 Loss

2021/08/11 by Christopher Caillavet Leave a Comment

After China Evergrande New Energy Vehicle Group issued a warning this week that its first-half net loss was expected to nearly double from a year earlier, the car maker’s parent firm — debt-saddled developer China Evergrande — has confirmed that… Read More>>

nagasaki-night-view-iStock-668084118-1024x600

ESR Plans $1B Data-Logistics Centre in Japan Casino and More Asia Real Estate Headlines

2021/07/28 by Michael Cole Leave a Comment

Hong Kong-listed ESR is ready to help Japan take its integrated resorts to the next level as news of plans by the company to build a combined data centre and warehouse facility in a Nagasaki casino project leads today’s headline… Read More>>

David Green-Morgan

Shenzhen’s Q1 Volume Surge Helps China Grab Commercial Investment Crown

2021/05/20 by Christopher Caillavet Leave a Comment

Shenzhen leapt into the top five APAC metro areas for commercial real estate sales in 2020’s first quarter as China overtook Japan to emerge as the region’s biggest market during the COVID-19 era, according to research by Real Capital Analytics.

… Read More>>

Li Ka-shing

Li Ka-Shing Boosts CK Asset Buy-Back Scheme and More Asia Real Estate Headlines

2021/04/15 by Michael Cole Leave a Comment

Hong Kong’s richest man is showing some faith in the future of the city’s second-largest property developer, as CK Asset leads today’s real estate headline roundup with a report that the Li Ka-shing Foundation will fund a buy-back of shares… Read More>>

The sale of 15-85 Gladstone Street is expected to be completed on 31 March next year.

Chip Eng Seng Selling Melbourne Project to Greystar and More Asia Real Estate Headlines

2020/12/21 by Pimfha Chandhapradit Leave a Comment

In Mingtiandi’s latest roundup of regional news headlines, a trust tied to US developer Greystar buys an Australian property from Singapore’s Chip Eng Seng, Canadian insurer Sun Life makes a big bet on Japanese office assets, and Hong Kong steels… Read More>>

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