HNA’s notorious credit problems could put a sudden stop to its core business of flying airplanes if the mainland conglomerate can’t come up with a way to pay off five months of overdue fuel bills in the next 10 days.
Savills Launches Co-Working Brokerage Platform Workthere in Singapore
Singapore boasts well over 100 flexible office centres and counting, and now property brokerage Savills is rolling out a new online platform to help fast-growing businesses cut through that thicket of options to find the space of their dreams.
The… Read More>>
Keith Fujii Joins LaSalle IM as CEO and President of Japan
LaSalle Investment Management has hired Keith Fujii to head up the company’s platform in Japan, where the subsidiary of JLL has roughly $5 billion of assets under management.
Fujii tooks the reins as CEO and President of Japan effective March… Read More>>
China’s CIRC Follows Anbang Takeover with Ping An Punishment in Outbound Investment Crackdown
Chinese insurers’ $15 billion overseas real estate shopping spree may go on the endangered list, as the country’s insurance regulator reprimanded three major insurers for illicit cross-border investments Saturday. The move is part of the regulator’s efforts in reining in… Read More>>
GIC, Vanke Win Shanghai Shopping Mall Site for $111M
Singapore’s sovereign wealth fund GIC has teamed up with homebuilder China Vanke to win a plot of land in Shanghai for RMB 702 million ($111 million), which the partners plan to develop into a high-end shopping centre.
GIC subsidiary RECO… Read More>>
Causeway Bay Landlord May Evict La Perla After Lingerie Shop Skimps on $1.2M in Rent
Italian lingerie brand La Perla is poised to lose its flagship store in Hong Kong’s prime Causeway Bay shopping district, after allegedly defaulting on HK$9.21 million ($1.18 million) in rent.
After the high-end bra brand threw a star-studded party to… Read More>>
Luring China’s Ecommerce Junkies Back to the Mall With Dungeons, Horses and a 737
Chinese consumers bought RMB 4.88 trillion ($760 billion) in products online during the first three quarters of last year — roughly equivalent to the annual GDP of the Netherlands — as many shoppers now routinely buy groceries and other daily… Read More>>
Champion REIT’s Langham Place Mall Saw Record $15M Turnover Rent in 2017
Champion REIT, the Hong Kong-listed trust sponsored by developer Great Eagle, saw record turnover rent of HK$116 million ($14.8 million) in its Langham Place Mall last year, said Ada Wong, the trust’s CEO at a media briefing on its annual… Read More>>
Evergrande To Build 200 Cinemas In Five Years in Race to Rival Wanda
An affiliate of top three Chinese developer Evergrande has vowed to open 200 cinemas in China — nearly doubling its total number of movie theatres in the coming five years, while adopting a new locally produced technology to rival the… Read More>>
HNA Grabs $3.2B Loan Lifeline From China CITIC Bank
HNA Group is said to have missed loan payments to China CITIC Bank in December, but that reported financial stumble didn’t stop the state-owned lender from handing its struggling client a new RMB 20 billion ($3.2 billion) credit facility last… Read More>>
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