UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
China Vanke Co., once the nation’s largest property developer, is confronting a worsening financial crisis, with investors increasingly doubtful the firm can avoid default in the coming months without clearer government support,
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Private markets are on track to generate more than half of the global asset- and wealth-management industry’s revenues by 2030, reflecting intensifying competition among firms to grow in private debt, equity, and
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In March, HK Patil, Karnataka’s state law minister, presented a controversial bill to the legislature that allows the government to seize Bangalore Palace and its 472 acres of prime city-centre land from
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Singapore has announced plans to preserve the home of its founding prime minister, Lee Kuan Yew, as a national monument, marking a significant turn in the long-running dispute among his children. Acting
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Saudi Arabia is preparing to redirect its $925 billion sovereign wealth fund away from the large-scale real estate megaprojects that have dominated its development agenda for the past decade, Reuters reports. According
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Singapore’s private home prices rose for a fourth consecutive quarter, signaling sustained demand for new units and suggesting the property boom in the city-state is likely to continue, according to final figures
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The family office of Qatar’s former ruler, Sheikh Hamad bin Khalifa Al Thani, is ramping up hiring to build a multistrategy investment team, joining a global trend of super-rich families expanding their
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Mohamed Alabbar, the billionaire mastermind behind Dubai Mall and the Burj Khalifa, is reshaping the global business landscape with an ambitious expansion that stretches far beyond the UAE. Known for his role
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Chinese tech giant Alibaba Group Holding Ltd. is reportedly in talks to acquire the top 13 floors of One Causeway Bay in Hong Kong in a deal valued at around HK$7 billion
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A unit of China’s sovereign wealth fund has booked more than $50 billion in paper gains from heavy buying of local exchange-traded funds, underscoring the scale of Beijing’s efforts to prop up
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