In a statement British real estate firms Capital & Counties Properties along with Shaftesbury Plc said, they are in advanced talks on a merger. In the potential merger, Shaftesbury would own 53% and Capco shareholders would own the remainder in a deal… Read More ›
In a report Caixin said, China’s Shimao Group Holdings has put on sale all of its real estate projects, including residential and commercial properties. The development marks the Chinese property developer accelerating asset disposals following cash shortages. Shimao, which defaulted… Read More ›
China Evergrande Group’s shares tumbled on Thursday after the crisis-hit real estate developer failed to pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier… Read More ›
According to a report from the Wall Street Journal, U.S.-based activist investor Engine Capital LP is pushing Kohl’s Corp to divest its e-commerce business. The hedge fund, which has close to 1% stake in Kohl’s, wants the department store chain to… Read More ›
According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund. Warburg Pincus is in the “early stages of raising Warburg Pincus Global… Read More ›
The ratings of heavily indebted Chinese developer Evergrande Group and its subsidiaries was downgraded to “CCC-“, down from ‘CCC+” by S&P Global. This is its second downgrade in less than two weeks. Evergrande along with its subsidiaries Hengda Real Estate Group… Read More ›
On Tuesday, for a second day in a row, shares and bonds in China Evergrande, Beijing’s most indebted developer, plunged downwards following the suspension of sales of its two real estate projects by local authorities, which highlighted worries over its… Read More ›
According to a report from Bloomberg News, Blackstone Group Inc is closing in on a deal to acquire office developer Soho China Ltd in what could be its biggest real estate investment in China. Hong Kong-listed Soho China could be… Read More ›
In a report, Agence France-Presse said, French prosecutors have started a preliminary investigation into suspected money laundering operations by the governor of Lebanon’s central bank. Riad Salameh has come under investigation for conspiracy and organised money-laundering, said the report citing… Read More ›
On Monday, Australian casino operator Crown Resorts Ltd said it is not interested in U.S. private equity giant Blackstone Group Inc’s buyout offer since it undervalued its assets and the potential deal would not be in the best interest of… Read More ›
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