CapitaLand India Trust is moving forward with a $21.6 million Chennai acquisition now that the pair of warehouses have been completed and leased, with that story leading Mingtiandi’s headline roundup today. Also in the news, Ping An wins a long-term… Read More>>
In today’s roundup of regional news headlines, US private equity giant Carlyle Group reportedly seeks a buyer for part of its stake in McDonald’s China, and McKinsey warns on remote work. Also on the list, Guangzhou R&F Properties faces a… Read More>>
Wharf Holdings is bracing to report a full-year loss for 2022 after a slowdown in the Hong Kong developer’s mainland China business.
The blue-chip builder majority-owned by Peter Woo’s Wheelock and Company may post a loss for the 12 months… Read More>>
In today’s roundup of regional news headlines, a billionaire property tycoon urges an end to Hong Kong’s onerous travel restrictions, Singapore’s Lian Beng looks to unload a Joo Chiat commercial property, and SGX-listed Cromwell E-REIT sells some industrial assets.
Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 million ($7.3 million) in the first half of 2022 as COVID-19 lockdowns in mainland China and Hong Kong caused “severe hardships” to the group’s… Read More>>
A former CapitaLand executive’s appointment to the top role at Singapore Press Holdings leads Mingtiandi’s collection of personnel changes from around Asia this week, as we also see a round of board-level changes at Hong Kong’s Wharf Holdings and NWS… Read More>>
Six property multibillionaires among the richest Hong Kongers remain unfazed by pandemic headwinds, with their $142.2 billion in cumulative wealth accounting for as much as 72 percent of the total fortunes of the city’s top 10, according to Forbes’ latest… Read More>>
Wharf Holdings on Wednesday reported a 7 percent rise in its 2021 underlying net profit to HK$3.65 billion (now $470 million), but the Hong Kong developer cited lingering COVID-19 troubles and the war in Ukraine as it gave a downbeat… Read More>>
In today’s roundup of regional news headlines, retail giant Ikea has gone from selling furniture for your new apartment to selling you a home too as the Swedish firm launches residential sales at a mixed-use project in the capital of… Read More>>
Asia’s real estate community has moved into the second half of 2021 with a flurry of personnel moves as a rebound in transactions sees developers and service providers eager to hire back some of the headcount lost during the pandemic.