WeWork announced on Tuesday the official opening of its tenth location in Singapore, at 380 Jalan Besar in the city’s Kallang area.
The new outlet will be located in the mixed-use complex ARC 380 near Farrer Park and will have… Read More>>
SHK Could Double Mainland Portfolio and More Asia Real Estate Headlines
Blue-chip Hong Kong developer Sun Hung Kai Properties leads Mingtiandi’s collection of news stories from around Asia today as the company announces that it intends to nearly double its investment portfolio in Mainland China by 2023 on the same day… Read More>>
Macau Investor Tries for 23% Mark-Up One Year After Buying on Sheung Wan Building
A consortium of Macao businesses is reportedly putting the Bonham Circus building in Sheung Wan on the market for HK$2.1 billion, a 23 percent premium over the price they paid for the property just one year ago.
Reports of an… Read More>>
WeWork Teams with Gemdale for Shenzhen Project and Adds New China Partner
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
WeWork CEO Said Making Millions Leasing Buildings to WeWork
WeWork lost $723 million in the first half of 2018, but the company’s largest shareholder still found a way to profit from the shared office firm’s business of signing long-term leases with landlords and subleasing rooms, desks and sofas to… Read More>>
Beijing Backs Off on Price Caps as Homes Go Unsold and More Asia Real Estate Headlines
More cracks began to show in China’s clampdown on housing prices as authorities in the nation’s capital put up for sale a pair of housing sites without capping the price at which winning bidders are allowed to sell finished homes…. Read More>>
WeWork May Pay $1B to Buy Out India JV Partner and More Asia Real Estate Headlines
Shared space giant The We Company brought in $2 billion in fresh cash this week, but already $1 billion of that may be on its way out the door, as the New York-based firm formerly known as WeWork seeks to… Read More>>
SoftBank Cuts Planned $16B Investment in WeWork by 88%
Tech investor Softbank has agreed to invest a fresh $2 billion in the shared space giant formerly known as WeWork, according to an announcement on Tuesday by the co-working pioneer.
The new investment represents around 12 percent of the $16… Read More>>
Asia Real Estate People in the News 2019-01-07
Asia’s agency world is on the move in the new year, with Mingtiandi’s survey of industry professionals following veteran brokers in Hong Kong, Beijing and Shanghai as they find new roles this week. Also finding their way into this week’s… Read More>>
WeWork Turns to Revenue Sharing With Developers After Opening 123 Asian Centres
After two years of operating and expanding its Asian operation to 123 centres in nine countries, New York-based co-working provider WeWork believes its brand power and client demand has prepared it to begin partnering with landlords to supply the region’s… Read More>>
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