Frederik Balfour
Stories by Frederik Balfour
Asia’s billionaire families start to make way for women successors
Michelle Li, the 23-year-old granddaughter of Li Ka-shing, has joined him, her father and uncle on the board of Chesterfield Realty, a family-controll
Hong Kong sees single parking space fetch a record $765k in sale
The average parking space now goes for about HK$2.25 million, a more than sixfold increase since 2006. That makes the city’s housing market, the wor
Newcomer among Asia’s largest private banks BOC Hong Kong on hiring spree
BOC Hong Kong, which started private banking in 2012 with just three employees, is now one of only two Chinese banks among Asia’s top 20 players in
HNA in talks to sell San Francisco office tower to PE firm Gaw Capital
HNA bought the property for $255 million in August 2016.
China’s HNA to sell Sydney office building to Blackstone for $161m
This could be the acquisitive conglomerate’s first-ever disposal of an overseas property as it struggles with mounting debts.
Debt-laden HNA seeks external investors for Hong Kong property
It’s unusual for developers in Hong Kong to raise funds for projects through outside investors because they can easily borrow money from banks at lo
Gaw Capital, Goldman to buy HK malls from Link REIT for $2.6-3.2b
Gaw will be the largest investor in the deal, while Goldman Sachs will take a less than 20 percent stake in the assets. The portfolio comprises 17 mal
Li’s tower sale points to China turning money tap back on
China Energy Reserve and Chemicals Group led the purchase this week of CK Asset Holdings Ltd.’s 75 percent stake in The Center, a 73-story landmark
Wheelock sells HK building to China’s LVGEM for record $1.2b
It is the second-most expensive real estate deal in Asia this year, after CapitaLand's Blackrock asset purchase.
