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Central District Hong Kong

Hong Kong Property Agencies Cut Staff as Deals Plunge and More Asia Real Estate Headlines

2019/11/06 by James Hatton Leave a Comment

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>>

Adam-Neumann

Softbank Bails Out WeWork, Neumann at $7B Valuation

2019/10/23 by Michael Cole Leave a Comment

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>>

masayoshi son

Softbank in Talks to Take Control of WeWork in Bailout

2019/10/14 by Michael Cole Leave a Comment

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>>

ritesh agarwal oyo

Softbank-backed Oyo Hotels Raising $1.5B to Expand into US, Europe

2019/10/07 by Michael Cole Leave a Comment

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

2019/10/03 by James Hatton Leave a Comment

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>>

Tokyo Skyline

Straits Trading Agrees to Acquire Trio of Tokyo Buildings and More Asia Real Estate Headlines

2019/09/28 by Michael Cole Leave a Comment

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>>

adam neumann tb

WeWork’s Neumann Out as CEO After IPO Disaster

2019/09/25 by Michael Cole Leave a Comment

“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>>

adam neumann-tb

Softbank Said Joining Board Mutiny Against WeWork CEO

2019/09/23 by Michael Cole 1 Comment

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>>

Pacific Place Hong Kong

CLSA Renews Pacific Place Lease Despite Report of Conflict and More Asia Real Estate News

2019/09/19 by Michael Cole Leave a Comment

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>>

adam neumann-tb

WeWork Valuation Said to Sink to $10B as IPO Roadshow Kicks Off

2019/09/14 by Michael Cole Leave a Comment

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>>

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