Chinese investment firm Fosun International is reportedly in talks to to buy a 426 million euro ($495 million) stake in German food wholesaler Metro AG, unnamed sources told Bloomberg. With Metro’s current market capitalization of 4.85 billion euros, Fosun would… Read More>>
HNA ‘Toying With Default’ as Chinese Conglomerate Misses Payment on RMB 300M Loan
HNA Group defaulted on a RMB 300 million ($43.82 million) principal of a loan on September 10, Hunan Trust announced on its website. The financial failure is the latest blow for the indebted conglomerate, which sold more than $17 billion… Read More>>
Tech Firms Predicted to Lease a Quarter of SE Asia Office Space by 2028
Tech firms will account for 15 to 25 percent of annual office leasing volumes in Southeast Asia in the coming ten years, said real estate brokerage JLL in a report published today. The real estate consultancy sees ecommerce and Internet… Read More>>
Singapore Flexible Office Leases Jumped 44% in 2017
Flexible office providers grew their footprints in Singapore by 680,000 square feet in 2017, jumping 44 percent from the previous year, according to a new report from Colliers International. Asia is the fastest-growing market for flexible office space, but as… Read More>>
Shenzhen Developer Spends HK$4.8B Buying Pair of Hong Kong Luxury Sites
The owners of Shenzhen real estate developer Hongrongyuan Property Group have reportedly acquired a luxury residential site five minutes walk from billionaire Jack Ma’s home near Hong Kong’s Victoria Peak for HK$3 billion ($384.6 million), according to local media accounts.
Facebook Chooses Singapore for $1B Data Centre
Facebook has chosen Singapore as the site of its first billion-dollar data center in Asia. The region is home to the tech giant’s fastest growing market and hosts 40 percent of Facebook’s 2.23 billion monthly active users.
“We selected Singapore… Read More>>
HNA to Sell Off $1.8B Stake in Deutsche Bank and More Asia Real Estate Headlines
Cross-border investments continue to lead the region’s real estate news as we head into the second week in September, with once-super buyer HNA seemingly on its way to a complete liquidation of its overseas holdings, starting with $1.8 billion in… Read More>>
Pamfleet Pulls in Campfire to Fill Newly Purchased Kowloon Retail Space
Plans by Hong Kong shared space provider Campfire to add a combined, kindergarten, shared office and food centre in the Whampoa section of Kowloon city to its existing set of five co-working centres on Hong Kong island were revealed in… Read More>>
Cushman & Wakefield Hires Dennis Yeo as CEO for SE Asia
Cushman & Wakefield has hired a veteran leader of local offices for CBRE and Colliers International to head the real estate consultancy’s Southeast Asia and Singapore operations, according to an announcement today by the company’s APAC chief, Matthew Bouw.
“I… Read More>>
Guangzhou R&F Aims for RMB 13B Bond After RMB 6B Note Sale Shot Down
Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai Exchange last week, despite a trend toward mainland regulators re-opening domestic bond issues for real estate companies.
The canceled notes, which… Read More>>
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