A pair of Asian companies doing their best not to own a set of US luxury hotels leads today’s real estate news as Korea’s Mirae Asset Management and China’s Dajia Insurance hurl blame at each other over a failed $5.8… Read More>>
Softbank Expects $6.6B Loss on WeWork and More Asia Real Estate Headlines
Masayoshi Son’s Softbank leads Mingtiandi’s collection of real estate stories today as the Japanese tech investment firm announces that it expects to record a $6.6 billion loss on its gamble on ill-fated co-working provider WeWork.
Also in the headlines, the… Read More>>
Neumann to Sue Softbank Over WeWork Share Deal and More Asia Real Estate Headlines
A cancelled share sale leads Mingtiandi’s roundup of Asia real estate headlines today with the news that WeWork’s former boss is poised to sue Softbank for cutting the strings on his golden parachute.
In other news around the region, the… Read More>>
Softbank’s Oyo Furloughs Thousands as Operations Freeze and More Asia Real Estate Headlines
A Softbank-backed hotel company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the budget accommodation chain has furloughed thousands of staff.
In other news around the region, sliding home rents in one… Read More>>
Li Ka-shing’s Watson Group Sued Over Unpaid Rent and More Asia Real Estate Headlines
News of one of Hong Kong’s biggest landlords failing to pay his rent leads Mingtiandi’s roundup of Asia real estate headlines today with the news that the owner of a shopping centre in Holland has launched court proceedings against personal… Read More>>
SoftBank Abandons $3B WeWork Share Buyout
Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent last month threatening a U-turn on the deal which gave it control of the troubled co-working pioneer.
The Japanese investment… Read More>>
Investigation Finds Luckin Coffee Faked $310M in Sales and More Asia Real Estate Headlines
Greater China’s shopping situation was messy in the first quarter but Q2 might be on its way to surpassing the record retail wreckage of the first three months of 2020, as Luckin Coffee suspends its COO after an internal investigation… Read More>>
SG Hotel Revenues Plunge 40% in February and More Asia Real Estate Headlines
Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s average hotel occupancy fell to 51 percent in February, triggering a 40 percent plunge in revenues.
In other news around the… Read More>>
WeWork Offers Staff $100 Daily Virus Bonuses and More Asia Real Estate Headlines
A US co-working giant leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company is offering $100-a-day bonuses to lure staff back to its US locations, despite the ongoing pandemic.
In other… Read More>>
WeWork Shelves Plans for New HK Locations and More Asia Real Estate Headlines
A US co-working giant leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Softbank’s biggest bet has shelved plans to open at least three new locations in Hong Kong.
In other news around… Read More>>
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