Wilfred Wong will formulate and manage the Singaporean group's business strategies in China and Macau. Wong is also a delegate of the National People’s Congress of China and deputy vice chairman of golf course developer Mission Hills Group.
2 min read · 21 January 2013
Station Casinos’ proposed debt restructuring has met with anger from some bondholders. A lawsuit alleges the plan is 'ungentlemanly', favouring a limited number of senior note holders. Station said the lawsuit was 'without merit'.
2 min read · 21 January 2013
The joint head of the firm’s North American social infrastructure and transportation group led the firm’s bidding for some of the most prominent asset sales in North America, including the Indiana Toll Road and the Pennsylvania Turnpike.
1 min read · 21 January 2013
The market for commercial mortgage backed securities was killed off in 2008, but five issues worth $9.4bn have been seen in Europe. However, the issues are rumoured to be a means of gaining access to European central bank funding.
1 min read · 21 January 2013
According to the Investment Property Databank, commercial real estate values in Australia have sunk to their lowest level since 1993, thanks partly to woeful returns from the retail sector. Total returns in 2008 were just 1.8%.
1 min read · 21 January 2013
The $64bn of money allocated to infrastructure spending includes multiple pockets of discretionary spending that contractors and developers could compete for, lawyers at McKenna, Long and Aldridge explained to listeners during a conference call.
2 min read · 21 January 2013
Last week, PERE hosted its second Asia conference at the Island Shangri La Hotel in Hong Kong. More than 150 delegates gathered for the two-day event to share their thoughts on the current Asian investment market. There were more themes than can be recounted on one posting but here we provide a flavour for those who missed the event:
3 min read · 31 January 2013
The Financial Accounting Standards Board in the US will improve its guidance on fair value and its disclosure standards, following the Securities and Exchange Commission’s suggestion.
2 min read · 21 January 2013
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.
2 min read · 21 January 2013
The real estate investment firm’s $70m Land Development Fund has entered into a 50/50 joint venture on a 47-acre plot of partially develop land.
1 min read · 21 January 2013
