In today’s roundup of regional news headlines, delivery platform Pickupp receives financing from venture funds tied to Alibaba and Swire, PropertyGuru snaps up a Malaysian property data firm, and a Japanese developer and its media company partner agree to buy… Read More>>
Kaisa’s Kwok Family Thwarted in Bid for Control of Hong Kong Finance Firm Convoy
A son of the chairman of Shenzhen developer Kaisa Group Holdings failed in a bid to wrest control of troubled Hong Kong finance firm Convoy Global Holdings this past week, as a shareholders meeting was halted after just ten minutes.
Evergrande Services Unit Kicks Off Downsized $2B Hong Kong IPO
Evergrande Property Services Group Ltd has announced the details of its proposed listing on the Hong Kong stock exchange, with the public offering to take place from Monday to Thursday this week.
The company, a property management services spin-off of… Read More>>
CIC Nabs Half of Sydney’s Grosvenor Place Office Tower for $674M
Things are heating up as the Australian summer approaches, with China’s sovereign wealth fund paying A$925 million ($674 million) to purchase a 50 percent stake in Sydney’s Grosvenor Place office tower in 2020’s biggest commercial property deal Down Under.
The… Read More>>
Keppel Names New Leadership in Push to Unify Businesses
In line with a management plan announced earlier this year, Singapore’s Keppel Group on Monday announced five C-suite level changes to its corporate leadership, as it seeks to unify operations that span real estate, infrastructure, offshore marine and fund management.
Amazon Loses Battle With India Retail Partner and More Asia Real Estate Headlines
In today’s roundup of news headlines from around Asia, Amazon loses its bid to block a deal involving a business partner in India, heavily indebted China Evergrande reportedly secures a financial lifeline from state-linked companies, and ESR’s South Korean REIT… Read More>>
Swire Tower Sale Leads Upswing in Hong Kong Commercial Deals
Hong Kong’s battered investment sector is showing signs of life as a recent series of transactions, headlined by Swire Properties’ sale of a Taikoo office tower to Gaw Capital Partners and Schroders Pamfleet, hint at growing investor confidence.
With good… Read More>>
Kaisa Selects Chairman’s Son as Co-President of Shenzhen Developer
In what is shaping up to be another busy year in succession planning in the Pearl River Delta, Kaisa Group Holdings Ltd announced to the Hong Kong stock exchange this month that Kwok Hiu-kwan, son of Kaisa co-founder… Read More>>
KKR Leads $1B Buy of Walmart’s Japan Grocery Business and More Asia Real Estate Headlines
Today’s roundup of regional news headlines features Walmart unloading its majority stake in a Japanese supermarket chain, embattled Goldin Financial scrapping a previously announced share placement, and resort operator Genting Singapore swinging to a net profit in the third quarter… Read More>>
APAC Commercial Property Deals Dive 38% in Q3 as Singapore, HK Go Quiet
Asia Pacific commercial property transactions fell to $26 billion in the third quarter as they tumbled 38 percent year-on-year, with the industrial segment showing resilience and South Korea standing out among key markets for its robust activity during the period.
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