Buy a run-down hotel, fix it up for offices, lease to a co-working superbrand, and double your money by flipping the whole package to another fund. That simple recipe just helped Warburg Pincus-invested Kailong bring in a sum reported to… Read More>>
US Developer Funds Politician’s Trip To Find Chinese Investors And More Asia Real Estate Headlines
As the future of EB-5 hangs in the balance, one US-based developer has paid for a deputy mayor to travel to Shanghai and Beijing to seek investment through the program. Also in the news today, WeWork might have a new… Read More>>
Brookfield Sells WeWork’s European HQ to HK’s Kingboard for $331M
For the second time this year, WeWork’s leasing covenant in London will be tested after Brookfield Property Partners sold a building that houses the startup’s European HQ to Hong Kong-based Kingboard Chemical Holdings for £271 million ($331 million). The co-working… 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>>
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>>
WeWork Opens in Hong Kong with Funding, Brand Power and Uncertainty
WeWork opened its doors in Hong Kong for the first time on Thursday as the US co-working startup continues its expansion into Asia. The company’s initial foothold in the Asian financial centre occupies nearly 100,000 square feet (9,290 square metres)… Read More>>
WeWork Opens First Asian Centre in Shanghai
WeWork, the Manhattan-based communal office provider, launched its first Asia location in Shanghai this month as companies work to gauge the depth of demand for co-working space in Asia. The US$16 billion startup’s beachhead in the region opened for business… Read More>>
WeWork’s First Asia Center is on the Way in Shanghai: The Mingtiandi Sneak Preview
WeWork, the Manhattan-based office sharing startup is expanding into Asia with its first location currently preparing to open in Shanghai’s Jing An District.
Recently valued at $16 billion, the leader of the co-working phenomena is now busy implementing the first… Read More>>
WeWork Raises $430M From Legend and Hony for Asia Push
US co-working phenomena WeWork became the latest US “sharing economy’ startup to take aim at Asia this week when it raised $430 million in a round led by Chinese investors.
The six-year-old shared office provider is now valued at $16… Read More>>
Beijing Land Prices Scare Away SOE Giants and More China Real Estate Headlines 2015-11-19
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
High Prices Force China Development Giants Out of Beijing Land Deals
China Resources Land Ltd. and China Merchants Land Ltd. backed… Read More>>
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