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U.S. Scrutinizes Chinas HNA Over Building Near Trump Tower

2018-08-09 18:28:54| National Real Estate Investor

The address 850 Third Ave. has suddenly been transformed from a workaday office tower into a potential national security concern.

Tags: building tower trump chinas


Kushners Give Up Control of Manhattan Tower to Save Themselves

2018-08-06 17:27:30| National Real Estate Investor

Brookfield Asset Management Inc.s deal for a 99-year lease at 666 Fifth Ave. gives the Canadian giant ownership of the tower in every way but the deed.

Tags: save give control themselves


China Tower looking to raise up to USD 8.7 bln from IPO

2018-07-23 13:30:00| Telecompaper Headlines

(Telecompaper) China Tower aims to raise as much as USD 8.7 billion in its Hong Kong initial public offering. The world's largest telecom tower operator is offering 43.1 billion shares at HKD 1.26-1.58 each, according to terms of the offering seen by Bloomberg. Hillhouse Capital and a unit of Alibaba Group are among the 10 firms that agreed to buy about USD 1.4 billion of shares as cornerstone investors.

Tags: china usd raise tower


Altice to sell stakes in French and Portuguese tower businesses for EUR 2.5 bln

2018-06-21 10:04:00| Telecompaper Headlines

(Telecompaper) Altice Europe has agreed to sell a 49.99 percent stake in its French tower business and a 75 percent stake in its Portuguese tower assets for a total cash consideration of EUR 2.5 billion. The deals, which have been in the making since the beginning of the year, deliver on the group's objective to reduce debt with the disposal of non-core operations.

Tags: sell eur french businesses


Brookfield Is Said to Weigh $700 Million Stake in Kushner Tower

2018-06-15 19:28:53| National Real Estate Investor

Brookfield has been in talks to take a roughly 50 percent stake in the property, but the new capital it plans to invest would likely command a greater share.

Tags: million tower stake weigh


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