Staff cuts lead the way in Mingtiandi’s roundup of Asia real estate headlines today as Hong Kong property agencies clear out dead wood as deals plunge amid a market slump.
In other news around the region, Softbank says WeWork Japan… Read More>>
Softbank Bails Out WeWork, Neumann at $7B Valuation
WeWork has proven to be a game-changing business – at least for deposed CEO Adam Neumann.
Under the terms of a bailout package put together by Softbank, the WeWork founder will be receiving around $1.7 billion in compensation in return… Read More>>
Softbank in Talks to Take Control of WeWork in Bailout
Weeks after the failure of what had been expected to one of 2019’s biggest initial public offerings, WeWork is reported to be scrambling for a multi-billion dollar bailout package as media reports indicate the office sharing giant could run out… Read More>>
Softbank-backed Oyo Hotels Raising $1.5B to Expand into US, Europe
Indian hospitality group Oyo Hotels and Homes today announced that it is raising $1.5 billion to continue its expansion into the US, Europe and other global markets.
25-year-old Oyo founder Ritesh Agarwal is leading the financing round with support from… Read More>>
HK Homeowners Cut Prices after National Day Violence and More Asia Real Estate Headlines
Panic selling leads Mingtiandi’s roundup of Asia real estate headlines today as desperate homeowners in Hong Kong are said to be slashing prices by up to 20 percent to attract buyers amid the Asian financial hub’s growing protests. While the… Read More>>
Straits Trading Agrees to Acquire Trio of Tokyo Buildings and More Asia Real Estate Headlines
Singapore’s hunger for overseas property leads Mingtiandi’s roundup of real estate headlines today as one of the city state’s most active private investment firms has agreed to buy a set of three buildings in Tokyo.
Hong Kong’s ongoing struggles also… Read More>>
WeWork’s Neumann Out as CEO After IPO Disaster
“Never settle,” is reportedly the first inspiring slogan to adorn the walls at WeWork, a company which CEO Adam Neumann, built into an empire spanning 111 cities.
Now the entrepreneur hailed as a visionary as the We Company prepared for… Read More>>
Softbank Said Joining Board Mutiny Against WeWork CEO
After the parent company of WeWork failed in its attempt to launch an IPO this month and the startup’s valuation was reported to slide by as much as 75 percent, Japan’s Softbank is now reported to have joined a shareholder… Read More>>
CLSA Renews Pacific Place Lease Despite Report of Conflict and More Asia Real Estate News
Tales of Hong Kong turmoil lead Mingtiandi’s collection of real estate news today as Hong Kong brokerage has renewed its lease at a Swire property in the city despite reports of pressure from its mainland parent to steer clear of… Read More>>
WeWork Valuation Said to Sink to $10B as IPO Roadshow Kicks Off
The owners of WeWork have decided to push forward with an IPO roadshow starting this coming week, according to media reports, but that sale may be at a valuation as much as 79 percent below what shares in the company… Read More>>