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Asian shares dropped for a third day, with materials companies tumbling, as the dollar rose ahead of Federal Reserve Chairman Jerome Powell’s second congressional appearance this week on Thursday.
Two Hong Kong-based tycoons have emerged to replace a mainland Chinese shareholder in the consortium that bought Li Ka-shing’s The Center tower, barely three months after the C.H.M.T Peaceful Development Asia Property group hogged the media spotlight as owners of the world’s priciest office building.
Company snaps up a seventh site this year, to be redeveloped into a residential complex in partnership with electric utility CLP
A plot of land in Kowloon (pic) has gone for a record HK$17.3 billion to a consortium in the lastest sign of a hot Hong Kong property market. — AFP picHONG KONG, Nov 16 — A consortium including Sino Land Co paid a record HK$17.3 billion (US$2.2 billion or RM9.29 bilion) for a plot of residential land in Hong Kong, signalling the property market is still running hot.
HONG KONG: Henderson Land Development, the property company owned by one of Hong Kong's wealthiest families, has bought the world's most expensive commercial land plot in downtown Central, beating out the mainland Chinese developers who had been dominating the city's real estate purchases in the past year.
Nine bids were received for the Murray Road site, valued at between HK$15.7 billion to as much as HK$22 billion, which can be developed into a 30-storey office building.
TAIPEI/HONG KONG Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a $420 million deal last year, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch.
TAIPEI/HONG KONG: Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a US$420 million deal last year, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch.
LONDON, UK / ACCESSWIRE / April 18, 2017 / Active Wall St. blog coverage looks at the headline from Forestar Group Inc. (NYSE: FOR) as the Company announced on April 13, 2017 that affiliates of private investment firm Starwood Capital Group will acquire all the outstanding common stock of Forestar in an all-cash transaction. The deal is valued at approximately $605 million. Register with us now for your free membership and blog access at: http://www.
* Shimao Property Holdings partners with Starwood Capital Group to create new hotel joint venture in China
* EU antitrust regulators block LSE-Deutsche Boerse merger (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
LONDON, March 29 Has the copper price rally which started so spectacularly late last year run out of momentum?
SHANGHAI and MIAMI, March 29, 2017 /PRNewswire/ -- Shimao Property Holdings Limited (SEHK:813), a leading Chinese property developer and operator, and Starwood Capital Group, a leading global private investment firm, announced today that controlled affiliates of the two companies will establish a new hotel joint venture based in China. Under the terms of the agreement, the venture will be owned 51% by Shimao and 49% by Starwood Capital Group.
Evergrande is the latest developer to be piling into building theme parks, but is the country ready for this surfeit of large, expensive entertainment venues?