Today we lead off Mingtiandi’s round up of people moves around the region with some top-level turnover to go with the turmoil at Beijing-based Danke Apartments. Also in the stressed department, WeWork India has named a new CFO, chief counsel… Read More>>
Fitch Downgrades WeWork, Warns of Default and More Asia Real Estate Headlines
Over a year after its failed IPO, WeWork continues to make news with its financial struggles, as US credit rating giant Fitch warns that “default is a real possibility.”
Also in today’s real estate headlines, analysts have… Read More>>
WeWork Sells Control of China Business to Trustbridge for $200M
Beleaguered co-working operator WeWork raised some much needed cash on Thursday when it announced that it had sold a $200 million stake in its China division to a consortium led by Shanghai’s Trustbridge Partners.
Trustbridge is taking the lead among… Read More>>
Hines Founder Passes Away at 95 and More Asia Real Estate Headlines
The passing of the founder of a US blue-chip developer with projects in China, India and other APAC markets leads today’s collection of headlines from around the region, as Gerald Hines completes his final project just 95 years after it… Read More>>
Soho China Declares Blackstone Buyout Deal DOA and More Asia Real Estate Headlines
The coronavirus appears to have claimed another victim with Soho China declaring that its proposed deal with Blackstone to privatise the company had fallen apart as real estate markets struggle with shifts in valuation.
While that transaction… Read More>>
ARA Steps Up Battle to Take Over Cromwell and More Asia Real Estate Headlines
Singapore’s ARA Asset Management leads today’s real estate headlines in Asia Pacific as the Warburg Pincus-backed fund manager formalises its takeover bid for an Aussie real estate investment firm.
A pair of Softbank-backed startups also reappear with… Read More>>
Asia Real Estate People in the News 2020-06-22
In this week’s edition of People in the News, workspace sharing giant WeWork expands the role of a company director in Shanghai, while Barings snaps up a longtime Challenger Real Estate hand to head its Asia Pacific real estate operations… Read More>>
Netease Founder Buys Elon Musk’s $29M Mansion and More Asia Real Estate Headlines
The founder of one of China’s earliest tech giants will soon be moving into the place formerly held by Tesla founder/business celebrity Elon Musk, according to news out of Los Angeles’ posh Bel-Air neighbourhood this past week.
Also in Mingtiandi’s… Read More>>
WeWork Gives Up Location in Hong Kong’s Central, City Footprint Cut by 30%
WeWork continues to struggle in the world’s most expensive office market as Industry sources confirmed to Mingtiandi late this past week that the shared workspace provider has abandoned it fourth location in the city since late last year.
After having… Read More>>
WeWork Said Exiting Korea 2 Months After Naming New Boss and More Asia Real Estate Headlines
A troubled co-working company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the loss-making firm, which has burned through billions of dollars worth of investment from Softbank and other backers without turning a profit, is… Read More>>
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