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Hong Kong property mogul Tang Shing-bor dies at 88

(May 15): Tang Shing-bor, a Hong Kong property mogul whose career spanned six decades, has died. He was 88. He died peacefully in Hong Kong on Friday with his family by his side, a spokesperson for the Tangs said in a statement. “The family will continue to follow the legacy of Mr. Tang Shing-bor and work together to develop the family business and make positive contributions to the country and society,” according to the statement. Tang, was known as “Shop King” for his vast holding of retail properties. His family’s real estate portfolio was valued at about HK$75 billion ($9.7 billion) last year. During the peak of Hong Kong’s retail boom in 2017, Tang invested more than $1 billion in commercial real estate.

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Cromwell E-REIT Buying Czech, Slovak Properties

Cromwell E-REITs target portfolio includes this warehouse in Uherské Hradiště, Czech Republic A European industrial acquisition leads today’s set of real estate news from around the region, as a Singapore-listed REIT expands its holdings on the Continent. Also in the news, a Blackstone-backed Indian REIT is aiming to raise $1 billion in fresh equity to fund a Bangalore acquisition, and China’s Country Garden hopes to sell $1 billion worth of new shares as it aims at takeovers and mergers. Cromwell European Real Estate Investment Trust (Cromwell E-Reit) has proposed to buy 11 logistics and light industrial properties for 113.2 million euros ($137.1 million).

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Hong Kong s Shop King struggles to sell billions in property

Hong Kong s Shop King struggles to sell billions in property
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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Hong Kong s Shop King struggles to sell billions in property

Hong Kong s Shop King struggles to sell billions in property
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

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