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>>
WeWork May Cut Valuation by Half as IPO Questions Multiply
Executives at the We Company, the parent of shared office provider WeWork, are considering lowering the valuation for an upcoming initial public offering by around 50 percent, according to multiple news accounts citing sources familiar with the company’s plans.
The… Read More>>
Li Ka-Shing’s CK Asset Delays $1.5B HK Sales Launch and More Asia Real Estate Headlines
A luxury development leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a developer founded by tycoon Li Ka-shing has postponed planned sales launch at a luxury condominium project in Hong Kong worth a… Read More>>
CapitaLand, CDL Complete S$400M Buy of PGIM Mall in SG and More Asia Real Estate Headlines
A Singapore mall leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that two major property developers have paid the S$400M bill for their joint shopping expedition, while a Hong Kong-based private equity firm… Read More>>
CapitaLand Tops APAC Fund Managers With $55.9B AUM and More Asia Real Estate Headlines
Singapore leads the way in our roundup of what’s hot in Asia real estate news today as the tropical city-state’s biggest developer again leads a list of the region’s biggest real estate fund managers with some $55.9 billion of assets… Read More>>
SoftBank Cuts Planned $16B Investment in WeWork by 88%
Tech investor Softbank has agreed to invest a fresh $2 billion in the shared space giant formerly known as WeWork, according to an announcement on Tuesday by the co-working pioneer.
The new investment represents around 12 percent of the $16… Read More>>
Investors Said to Balk at Latest Softbank-WeWork Deal and More Asia Real Estate Headlines
Softbank’s investment in WeWork last month, which valued the co-working company at $42 billion, shocked many industry professionals and apparently among those still coming to grips with the deal are some of the leading investors in Softbank’s Vision Fund, according… Read More>>
New $3B Softbank Investment Boosts WeWork Valuation to at Least $42B
American flexible working space provider WeWork on Tuesday announced that its largest shareholder, SoftBank, has committed another $3 billion to the company, boosting its valuation to at least $42 billion.
Softbank is investing in WeWork through a warrant that allows… Read More>>