Greenland USA faces an uncertain future in California, but that hasn’t stopped the US arm of Chinese developer Greenland Group from bagging a $310 million construction loan to finish off the third phase of a $1 billion complex in downtown… Read More>>
Trump Said Forcing HNA to Sell $463M NYC Office Tower
HNA has already sold more than $17 billion in assets in 2018, but even that hypersonic rate of disposals may not be fast enough for the US government, which is now said to have given the Chinese conglomerate an ultimatum… Read More>>
First Mortgage Rate Hike in 12 Years Ends Cheap Borrowing Era in Hong Kong
After 12 years of enjoying rock-bottom interest rates, mortgage-holders in the world’s most expensive city in which to buy a home saw their days of cheap financing come to an abrupt end this past week as some 13 banks announced… Read More>>
Hillhouse, General Atlantic Lead $120M in Funding for WeWork China Challenger
WeWork challenger MyDreamPlus has raised $120 million in a Series C funding exercise involving six investors, including venture capital players Hillhouse Capital Management and General Atlantic.
The C-round was the Beijing-based company’s fourth and largest funding exercise so far, bringing… Read More>>
HNA Agrees to Sell Radisson Hotel Group to Jin Jiang for Reported $2B
Two years after acquiring the Minnesota-based hotel group now known as Radisson Hospitality, Hainan-based conglomerate HNA has agreed to sell off its interest in the 1,400 venue hotel chain to a consortium led by Shanghai-based Jin Jiang International Holdings, according… Read More>>
Goldman Said to Pick Korea’s NPS as Preferred Buyer for £1.5B London HQ
Goldman Sachs is said to have picked Korea’s National Pension Service (NPS) as the preferred buyer of its soon-to-be-completed European headquarters in London, according to a report in the Korean press, with the UK office building expected to change hands… Read More>>
Keppel Buying 50% Stake in US Senior Living Provider for $77.3M
Keppel Corporation has agreed to buy half of Watermark Retirement Communities, an American company with 52 senior homes in the US and plans to add eight more by 2020. If the deal is finalised, the purchase price will be approximately… Read More>>
CLSA Puts Robinson 77 Office Tower on the Market for S$725M in Singapore
Robinson 77 is on the market for S$725 million ($530 million), less than two years after a CLSA fund bought the property for S$530.8 and just over a decade after another CLSA investment vehicle bought and resold the building within… Read More>>
SG’s Rockworth Capital Buys Brisbane Building for Over A$60M
Singapore’s Rockworth Capital has added to its portfolio of Australian real estate assets with the purchase of 100 Edward Street, a grade B office asset in Brisbane for a sum of over A$60 million ($44.4 million), according to an announcement… Read More>>
CK Asset Confirms $4B Plan to Redevelop HK’s Hutchison House
CK Asset Holdings confirmed today that it will redevelop its Hutchison House office building in Hong Kong as the city’s rising real estate values spur the developer to look for greater returns from the prime location in Central district.
“The… Read More>>
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