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Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Oct 26, 2021
, Bloomberg News
(Bloomberg) -- KKR & Co. is the investor looking to buy real estate assets worth more than 1 billion euros ($1.2 billion) from Adler Group SA, according to people familiar with the matter, who asked not to be identified because it’s private.
Adler said earlier on Tuesday it signed a deal with an alternative investment firm for the sale of about 14,300 units, mostly located in eastern Germany, to cut its leverage and bring its loan-to-value ratio to less than 50%, according to a statement.
Representatives for KKR and Adler declined to comment on the identity of the buyer.
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