China Oceanwide Holdings continued its US acquisition spree by buying mortgage and life insurance firm Genworth Financial for $2.7 billion. The deal, which is subject to regulatory approval, will see the Beijing-based developer put up an additional $1.12 billion towards… Read More>>
JLL Tabs Leasing Pro Ellen Wei To Lead Retail In Shanghai
While China’s retail real estate sector has been much maligned, there are positive signs in Shanghai that will make Ellen Wei confident she is the right person to spearhead JLL’s plans to expand its presence in the country’s mall market…. Read More>>
Strange Bedfellows? Shanghai’s Jin Jiang Hotels Leads $260M WeWork Investment
In some ways, hotels and co-working spaces are a lot alike. Both feature a transient clientele base that may need space for a single day or indefinitely, but don’t want anything too permanent. Both attract people from all walks of… Read More>>
Wanda Repackages Flailing O2O Platform into New Online Division
Dalian Wanda Group is still licking its wounds after Tencent and Baidu walked away from the trio’s $3 billion ffan.com ecommerce joint venture in August. However, the conglomerate controlled by China’s richest man may not be quite ready to fold… Read More>>
UBS Walked Away From Risky $4.4B Wanda Privatisation
Banking giant UBS walked away from the biggest privatisation ever on the Hong Kong stock exchange due to concerns over the structure of Wang Jianlin’s $4.4 billion buy-back of shares in Dalian Wanda Commercial Properties, according to a report in… Read More>>
Aqualand Buys Sydney Office Tower for $53 Million
Transplanted mainland developer Aqualand has purchased a 16-storey office tower in North Sydney for a reported A$70 million ($53 million), according to a story in The Australian. The acquisition and Aqualand’s apparent intent to hold the property as a revenue… Read More>>
School’s in Session: GIC Teams Up to Buy $900M UK Student Housing Portfolio
GIC, Singapore’s sovereign wealth fund, is partnering with Dubai-based Global Student Accommodation Group (GSA) to buy a portfolio of UK student housing projects from funds managed by Oaktree Capital Management which are expected to be worth £700 million ($900 million) when… Read More>>
China Housing Prices Up For 17th Straight Month – BOC Sounds Bubble Alert
Housing prices in mainland China rose an average 2.83 percent in September compared to the August, as more experts warn of a housing bubble. The Bank of China was the latest to raise concerns over the country’s real estate market,… Read More>>
New World Founder Cheng Yu-tung Dies at 91, Leaves $15B Fortune
The founder of one of Asia’s largest property empires passed away last week leaving behind a $15 billion fortune gathered over nearly 50 years in the region’s real estate industry.
Cheng Yu-tung, who founded New World Development in 1970, and… Read More>>
HSBC Rents 300 Desks At WeWork HK, But Don’t Call Them Cheap
WeWork is known for providing a workspace for startups, freelancers and other smaller entities so the company’s GM for Hong Kong, Australia and Korea Henek Lo might have been a little surprised when banking giant HSBC called up to rent… Read More>>
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