Hui Wing Mau, chairman of defaulting real estate developer Shimao Group, has agreed to sell his 40 percent stake in a luxury project in Hong Kong’s Deep Water Bay for a total consideration of HK$1.04 billion ($134.2 million), according to… Read More>>
Shimao Selling Shanghai’s Hyatt on the Bund to State Developer for $708M
Defaulting real estate developer Shimao Group has agreed to sell the Hyatt on the Bund Hotel in Shanghai to a property investment firm controlled by the city government for RMB 4.5 billion ($707.5 million), the Hong Kong-listed company said in… Read More>>
Shimao Said Selling $12B in Assets and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao’s stock and bonds jump on reports that the embattled mainland developer is selling dozens of projects across China, while compatriot Evergrande urges holders of its offshore debt to avoid aggressive legal action… Read More>>
Evergrande Expected to Lose Prized Football Club and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped China Evergrande is reportedly set to sell out of its prized football team, Shimao Group’s chairman puts two office floors in Hong Kong up for sale, and Agile Group becomes the latest… Read More>>
Shimao Asks for Repayment Delay on $183M in Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped Shimao Group seeks an extension for repayments on asset-backed securities, private equity bigfoot Blackstone raises its offer for Australia’s Crown Resorts a third time, and Singapore’s Metro Group forms an investment alliance… Read More>>
Shimao Says Will Avoid Default on RMB 1.9B Bond and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao Group reportedly plans to repay an onshore bond coming due this weekend, Hong Kong’s Far East Consortium adds to its residential land holdings in the north of England, and China’s local government… Read More>>
Blackstone Sells Stake in India REIT to ADIA and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity titan Blackstone sells out of its stake in an Indian office REIT, troubled China Evergrande settles into a new headquarters in a familiar city, and a Korean construction group ploughs cash… Read More>>
Shimao Shares Spike 20% on Asset Sale Report and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao’s shares jump on reports that the troubled developer is selling all of its projects, the chairman of one of China’s biggest insurers is under investigation for corruption, and Joseph Lau’s Chinese Estates… Read More>>
Shimao Shanghai Unit Defaults on $101M Loan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a unit of developer Shimao defaults on a $101 million project loan, Japan’s Mitsui Fudosan enters a deal to buy a London development site, and Kaisa bondholders seek advice on a potential financing… Read More>>
R&F Short of Funds for $300M Buyback and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s R&F Properties comes up short of funds for a planned bond buyback, fellow mainland developer Shimao reportedly defaults on a trust product of its own, and Amazon’s arbitration process against Future Retail… Read More>>
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