In this week’s edition of People in the News, Shanghai-based Zhongliang Holdings Group promotes a pair of executives to fill the shoes of its departing CEO, while WeWork’s other co-founder departs the struggling commercial workspace company at the same time… Read More>>
Wanda’s AMC Theatres Warns of $2.4B Loss and More Asia Real Estate Headlines
Scary cinema adventures lead today’s real estate headlines as a US unit of Dalian Wanda Group warns that it may never make it back alive from the marathon showing of Nightmare on COVID Street. Never long from the headlines, WeWork… Read More>>
IWG to Open Causeway Bay Centre as Regus Parent Plunders WeWork Spoils
The parent company of Regus has helped itself to a space in Hong Kong vacated by rival WeWork, as the balance of power shifts within the flexible office universe.
IWG, which owns Regus and four other flexible office brands, confirmed… Read More>>
Asia Real Estate People in the News 2020-05-25
In this week’s edition of People in the News, a Morgan Stanley spinoff appoints a new head of real estate coverage for Asia Pacific, while the manager of a Keppel Capital-backed REIT has brought on board a former Maybank Kim Eng… Read More>>
SoftBank Slashes WeWork Valuation to $2.9B and More Asia Real Estate Headlines
The changing fortunes of a co-working firm lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Softbank has slashed its valuation of its once-prized investment to $2.9 billion from $47 billion last year.
Asia Real Estate People in the News 2020-05-18
In this week’s edition of People in the News, the chief executive officer of a casino operator’s China business has announced his retirement, while a property consultancy has named a former WeWork executive as its managing director in Beijing.
Meanwhile… Read More>>
Casino Heir Buys Office in Central for HK$73.8M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the heir of Macau casino tycoon Fu Tak Iam has decided to take a gamble on a strata title office floor in Central, while WeWork has surrendered leases amounting to 20 percent of… Read More>>
Mirae Plans Anbang Hotel Deal Countersuit and More Asia Real Estate Headlines
Legal battles push viruses out of the headlines today as Korea’s Mirae Asset Management fires a fresh salvo in a court battle with China’s Dajia Insurance over a failed $5.8 billion hotel deal.
Also finding space in Mingtiandi’s real estate… Read More>>
Abandoned WeWork Centres Put Up for Lease in Kowloon
WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its portfolio, according to a person with knowledge of the matter who spoke to Mingtiandi.
Mingtiandi understands that WeWork has surrendered its centre… Read More>>
Neumann Accuses Softbank of Abuse of Power and More Asia Real Estate Headlines
A messy breakup leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the co-founder and former CEO of coworking giant WeWork has accused Softbank of abuse of power.
In other news around the… Read More>>
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