The big trend in real estate jobs this year seems to be real estate professionals finding new homes in the co-working world, as yet another agency veteran signs up with a shared office provider. Also this week, a former mainland… Read More>>
Gambling Giants Rush to Invest $10B for Japanese Casinos and More Asia Real Estate Headlines
The big news today could make pachinko passe as Japan gets ready for the 21st century money-milking machines that are modern casinos. While Melco Crown’s Lawrence Ho looks to Japan for his next deal, China Vanke has found a way… Read More>>
Asia Real Estate People in the News 2017-02-06
People in the News is back after a rare break last week and we will do our best to get all of you caught up with who will be emailing you from a new address in the year of the… Read More>>
WeWork Opens 2nd Hong Kong Location in Wanchai
WeWork has opened its second Hong Kong facility in the city’s Wanchai district – the fourth Asian centre opened by the US co-working unicorn in less than six months.
The new centre at 33 Lockhart Road occupies seven floors in… Read More>>
WeWork Founders Splash Down in Shanghai to Open China Flagship Centre
Shanghai’s fast-growing co-working scene got a touch of celebrity today when WeWork founders Adam Neumann and Miguel McKelvey visited the city to officially launch the office-sharing company’s China flagship location.
The co-founders of the $16 billion startup presided over a… Read More>>
Warburg Pincus-Backed KaiLong Leases SH Building to WeWork, Flips for RMB 500M
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>>