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As Evergrande default looms, what legal options do offshore creditors have?

With China Evergrande Group's default deadline drawing closer, offshore bond investors in the property developer are pondering their legal options to safeguard their investments.

U.S. group Vantage Data Centres expands to Africa with a $1 bln campus

Vantage Data Centres is investing more than 15 billion rand ($1 billion) in its first African campus in Johannesburg, the U.S.-based company said on Wednesday.

Spain to more than halve subsidy for firms specialised in letting property

Spain's government will slash the fiscal subsidy it provides to companies specialised in renting out properties to 40% in 2022, more than halving the current rate of 85%, Budget Minister Maria Jesus Montero said on Wednesday.

ABA to host Harvest Happening event Saturday

Chanel, Hermès and More Are Becoming More Exclusive

Chanel and Hermès have been using the same system since earlier this year, limiting its clients to purchasing only two bags of the same styles per year.

Dubai real estate recovery 'fragile' and uneven, S&P says

Dubai real estate prices have rebounded strongly from a record low at the end of 2020, but demand is uneven and oversupply of residential properties will pressure prices in the long run, making the recovery fragile, S&P Global Ratings said.

Factbox: Upcoming coupon payments by Chinese property developers

China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near term.

Real estate deals rise 14.2pc at end of August 2021

Muscat: The total value of property transactions in the Sultanate at the end of August 2021 increased by 14.2% to reach RO 1,744,100,000 compared to the same period of 2020, as indicated by the preliminary statistics issued by the National Centre for Statistics and Information (NCSI).The Sultanate’s Government collected RO 50.3 million as real estate...

China has ability to address Evergrande situation, still risks remain -IMF

China has the ability to address the issues linked to China Evergrande Group's indebtedness, although there is a risk of the property developer's pain escalating to cause broader financial stress, the IMF said in a report and comments released Tuesday.

Harbin among first Chinese cities to announce steps to help property developers

Harbin has become one of the first cities in China to announce measures to support property developers and their projects, which have been shaken by the deepening debt crisis at property giant China Evergrande Group .

Property gearing deserves enhanced attention

Debt risk in the real estate sector deserves higher levels of attention and must be properly dealt with.

Marketmind: Earnings face the inflation test

A look at the day ahead from Danilo Masoni.

GSK to cement split with two new headquarters

GlaxoSmithKline on Monday laid out plans for a new, 120 million pound ($164 million) headquarters for its soon-to-be-independent consumer healthcare business and also said its remaining pharmaceuticals and vaccines staff will relocate.

Austin cheers Tesla's headquarters move, but local home buyers left on edge

Austin prides itself on "keeping it weird," but the city's success at luring more big companies such as Tesla Inc has some residents wary of getting priced out of their unique culture.

U.S. IPO boom braves market volatility

Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022.

Elliott urges REIT Healthcare Trust of America to explore sale

Activist investor Elliott Investment Management on Monday urged Healthcare Trust of America to launch a strategic review and explore a potential sale of the real estate investment trust.

U.S. shares drop as soaring oil prices stir inflation woes; Yen wilts

U.S. shares fell on Monday, having whip-sawed between gains and losses as soaring oil prices that hit multi-year peaks stoked fears about rising prices and tighter monetary policy, lifting the dollar to a near-three-year high against the yen.


There should be a REAL Christmas tree for everyone who wants one this year, according to OSU Christmas tree expert Chal Landgren.

Real Estate Exposed – The week concluding 10 October

In a follow-up series to the wildly popular What’s Making Headlines, hosts Phil Tarrant and Tom Panos discuss the hard-hitting topics relevant to real estate that others might shy away from. The pa

Evergrande says six execs have returned funds from advance redemption of products

Six executives of heavily indebted China Evergrande Group have returned funds from early redemptions of the company's investment products, the property group said on Saturday.

Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan

Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.

BoK to hold fire but hike next month to mitigate high debt risk

South Korea's central bank will keep rates unchanged on Tuesday but will set the stage for a rate hike next month to follow the August rise, as high household debt and a red-hot housing market threaten financial stability, a Reuters poll found.

Australia's central bank sees risks in housing market 'exuberance'

Australia's central bank on Friday warned that "exuberance" in a red-hot housing market was encouraging a build-up of debt that might destabilise the financial system, urging banks to maintain lending discipline amid the boom.

Chinese markets return from break to more Evergrande angst

Bonds and shares issued by Chinese developers slumped on Friday as onshore markets returned from a week-long holiday with few clues as to how regulators propose to contain the contagion from cash-strapped China Evergrande Group's debt problems.


There should be a REAL Christmas tree for everyone who wants one this year, according to OSU Christmas tree expert Chal Landgren.

China Evergrande's offshore bond default imminent; bondholders' advisor says

China Evergrande Group is expected to default on its offshore bond payment obligations imminently, investment bank Moelis & Co, which has been selected as an advisor by a group of the cash-strapped developer's bondholders said on Friday.

The real deal behind your borrowing capacity

Finance is king when it comes to real estate investing. With high capital at stake when investing in property, these two experts say it’s a good idea to take popular finance myths with a grain of salt. 

Venezuela bondholder weighs seizure of indicted media mogul's assets

A holder of defaulted Venezuelan bonds is contemplating an attempt to seize Florida seafront apartments belonging to Raul Gorrin, a media mogul accused by U.S. prosecutors of bribing Venezuelan officials to win contracts, court filings show.

Evergrande backer Chinese Estates' stock soars on take-private offer

Shares of Chinese Estates Holdings , a former major shareholder of embattled developer China Evergrande , jumped as much as 32% on Thursday after it announced an offer to be taken private for HK$1.91 billion ($245 million).

Evergrande crisis inspires shrewd bottom-feeding

What to say to a friend whose troubles give you an opportunity? Evergrande’s shares are suspended while a rival eyes taking a $5 billion majority stake in the ailing developer’s property management unit, Chinese media reported. Now tycoon Joseph Lau has launched a $250 million buyout bid for the 25% his family doesn’t already own in Chinese Estates . Its shares have been beaten down by its close ties to Evergrande boss Hui Ka Yan, a poker buddy of Lau. Sellers in each case are looking at strong hands that they’ll have little choice but to fold on.

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