After defaults by Evergrande and Kaisa, China's Shimao Group is the latest property developer to raise fears of a far-reaching crisis in the country's indebted real estate market. His company more than doubled its gross profit in 2013 and this year it will have 16.90 million square metres* of land under construction. [6], The group develops commercial properties through its 64.22% owned subsidiary Shanghai Shimao Co., Ltd.[6] Shanghai Shimao's plaza operations are based in prime locations including Shanghai, Shaoxing, Suzhou, Changshu, Kunshan and Xuzhou, and the company has a strong foothold in several core business districts. It's also been previously reported that Queensland National Party senator Barry O'Sullivan was listed in the Offshore Leaks, although no wrongdoing was uncovered. He more recently snapped up a waterfront residence in Sydneys Point Piper for more than $16 million. Mr McDonald chose not to comment. Shimao is a Chinese property developer, focusing on residential property development. The Company operates its business through two segments. Home . His other properties include historic mansion Glanworth in the tightly held Sydney Harbour suburb of Darling Point. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Get Your 7-Day Free Trial! The recent exposure of the Panama Papers show how the opportunities for financial crime are increasing, says AUSTRAC. Shimao Property Holdings Ltd. said March 30 that it plans to change the name of the company to Shimao Group Holdings Ltd. Sign up to create alerts for Instruments, According to Forbes, Mr Hui is the 12 richest person in China and the 244th in the world. Seven chairman Kerry Stokes remained Australias tenth richest person. Win whats next. YFG Shopping Centres. The Pratts have extended and enhanced the more than 1ha estate over the years to create a mammoth family compound. Shimao Property Holdings chairman Hui Wing Mau ranked fourth overall, valued at an eye-watering $18.06 billion, after the Hong Kong-based Australian citizen made his fortune in property developments in China and Australia. Beef Central understands that stake has since grown to 65pc, due in part to share adjustments following the passing of McDonald family patriach JR McDonald last year, and an equity swap as the business (understandably) missed profit targets in recent years. And when Farquhar builds his new $37m designer residence it will be worth well over $100m. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. There are 11 older and 2 younger executives at Shimao Property. His most expensive individual property is a Hamptons style multi-level home on the Gold Coast. Bindaree also service kills for a major national supermarket group, helping keep volume up during difficult supply periods as the national beef herd recovers. mit einem maximalen Kupon von 4,875 %. The two entities collaborate on large mixed-use projects. Required fields are marked *. Private equity investors are cooling on China, pulling back from real estate amid mounting troubles at some of the nations biggest developers and with many also planning to cut bets on startups. Mr Lowy and wife Shirley purchased their waterfront home in the early 1970s for about $300,000. The Hui family became Australian citizens in the 1990s. He completed a MBA via distance-learning from Adelaide University and his son Jason, the company's current vice chairman, studied business at the University of Technology in Sydney. Wealth of seven richest Australians exceeds that of 1.73 million households. A spokesman for Rio Tinto said: "The period in question pre-dates Rio Tinto's ownership of Alcan, and as a result we are unable to comment.". Twenty years later they bought son Stephens house next door for $1.3m. Read more>>. Asia real estate and outbound investment news, 2014/09/10 by Michael Cole Leave a Comment. Kerry Stokes was ranked tenth richest. The oldest executive at Shimao Property Holdings Limited is Wing Mau Hui J.P., 70, who is the Exec. Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, Francis Chou Buys Buffett's Ally Financial, Trims 2 Top Holdings, Exclusive: First Look At Moxys First Brooklyn Property, Moxy Williamsburg, This Is The Hearing Congressional Republicans Should Hold To Save The Economy, The Forbes Investor Holds Up Well As Stocks Sag Again (March Issue). As of August 2012, it had approximately 70 projects at different stages of . Picture: Keryn Stevens. The property tycoon is nipping on the heels of more familiar rich-list figures, like James Packer and Frank Lowy, with his $6.35 billion fortune. Westfield shopping centre empire co-founder Frank Lowy was ranked the countrys ninth richest person with a net worth of $8.82bn. Its landbank is located in over 100 cities in China. The company is listed as an officer for Mossack Fonseca client Vicking International, which in turn is a subsidiary of Shimao Property Holdings, according to the company's annual report. Buying a trophy home is a a classic move for someone who has amassed substantial wealth, Mr Bailey said. This information is available in the PitchBook Platform. Shimao Group Holdings Ltd is an investment holding company mainly engaged in the property development business. He went to university in South Australia in the 1990s and was described by BRW as being "private and elusive about his business dealings". Kerry Stokes better known as Seven chairman but with significant stakes in building materials company Boral and aged care group Estia Health ranked 10th at $6.26 billion. He has owned the property since 1998 when he paid $9.5m. Start Now! [6] Shimao cinemas carried out market research relating to cinema management, movie screenings, and non-box office sales which it then used to help generate growth. Shanghai-based Shimao would be acquiring the site from Singapores sovereign wealth fund, GIC, which purchased the office building in 1996 for A$125 million ($114 million). Your comment will not appear until it has been moderated. 2023 PitchBook. Ningbo Shimao Energy Co (SHSE:605028) Dividend Yield % as of today (March 02, 2023) is 2.73%. Are you sure you want to block %USER_NAME%? Help using this website - Accessibility statement, probably the countrys largest collection of private homes, weekenders and farms. It has 434 projects, with a total area of 82 million sq m, at end-2020. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Chairman of Shimao Property Holdings Hui Wing Mau was the seventh richest Aussie with wealth totalling $10.15bn, according to The Australian report. The Shimao Services segment is engaged in the provision of property management services. Almost 320,000 offshore entities globally are part of the Panama Papers and the Offshore Leaks investigations, over nearly 40 years from 1977 through 2015. Use Forbes logos and quotes in your marketing. any of each other's Investing.com's posts. They later demolished that house to extend their residence. Get an in-depth profile of Shimao Property Holdings Ltd, including a general overview of the company's business and key management, as well as employee data and location and contact information. Mr Triguboff lives on a vast waterfront landholding in Sydneys Vaucluse, although his trophy home is set to be demolished and the block subdivided. Alcan's relationship with Mossack Fonseca ended in the mid 1990s. There are 1400 addresses connected to Australia. Picture: AAP. Heres a hearing congressional Republicans should hold: How can we stop the World Bank and the IMF from harming poorer nations, not to mention the global economy? Prefer us not to? He took the company public in 2006, listing on the Hong Kong Stock Exchange, while retaining a large stake in the company. Cardboard box king Anthony Pratt, ranked third and worth a cool $19.75 billion, resides in historic Raheen mansion in Melbournes leafy Kew. Ms Rineharts home in Perths Dalkeith is a cluster of multiple properties and sits on a prime strip of waterfront. [7], The company was listed on the Stock Exchange of Hong Kong (SEHK: 813) in 2006 with an IPO price of HK $6.25 per share and an initial public offering of HK $3.72 billion, or roughly $480 million. Picture: Supplied. [4] Hui Wing Mau's son Jason is the group's current Vice Chairman. Rumours started to circulate last week that the proposed sale of the Yougawalla cattle aggregation meant the Hui family might also be in a mood to sell its majority stake in northern NSW beef processor and exporter Bindaree Beef. Units of Shimao Property bought a 51 percent stake . It operates through the following business segments: Sales of Properties, Hotel Operation Income, Rental Income from Investment Properties, and Others. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. Shares of Shimao spiked more than 20% on Monday after Chinese business publication Caixin reported the embattled developer is selling all of its real estate projects, both residential and. [6] Of those projects, 11 generated revenues of over 1.0 billion. Cow numbers through the plant are now much more limited. The biggest property names on the AFR Rich List have been revealed, with a string of property developers and trophy home owners topping the list. Picture: Andrew Henshaw. Owners of Melbourne shopping centres and CBD office towers took a hit as their assets emptied out during the citys strict stage four lockdown, he said. The ICIJ's data reveals 118 offshore entities (companies, trusts and foundations) are linked to Australia. His recent activity has centred around Brisbanes Fig Tree Pocket where he owns over 4ha thanks to three shrewd purchases. Gina Rinehart has topped the list once again, with an estimated net worth of $36.38bn, up from an estimated $16.25bn last year. Bindaree chief executive Andrew McDonald said he could not speak on the Hui familys behalf, but he had heard nothing about asset sales since the Chinese real estate collapse happened earlier this year. 2007-2023 China Advertising Media Ltd (Samoa). In 2017, the Hui family purchased a 51pc stake in Bindaree Beef Group. Mingtiandi Asia Office Strategies Forum 2023. The Force must be strong with this oneit yields 12.7%. Mr Triguboff has a Vaucluse mansion, which he has owned since 1983. Billionaire Hui Wing Mau keeps a low profile, but the chairman of Hong Kong-listed Shimao Property Holdings is named in the Panama Papers. Bonds search and comparison: With the bond screener, you can choose from all bonds traded worldwide according to all important criteria. That generational trauma is a big reason why hes betting heavily on NFTs and future social networks, despite cryptos chilly winter storm. Related: Top 10 Australian Property Players 2020. He took the company public in 2006, listing on the Hong Kong Stock Exchange, while retaining a large stake in the company. Chinese junk bonds fell two cents after Shimao's dollar bonds dropped as much as 10 cents on the dollar, according to credit traders. The Property Development and Investment segment is engaged in the sales of properties, hotel operation, commercial properties operation and property management businesses. HONG KONG (BLOOMBERG) -A sudden drop in the bonds of developer Shimao Group Holdings sparked a broader selloff amid renewed concern over the health of Chinese property . The petite, unspoiled Caribbean island of St. Eustatius (aka Statia) is now home to its first luxe property, the Golden Rock Resort, thats flower-bedecked and sustainably focused. Hes now tweaking the plans, but insiders say it wont be too different from the original idea for a three-storey pile with rooftop tennis court and 20m lap pool. Picture: The Australian. Shimao Property Holdings Ltd. is an investment company, which engages in the development of residential, hotel, office, and commercial properties. Shimao Group's 4.75% bond due 2022 dropped 15 cents on the dollar to 64 cents,. Among the companys assets on the mainland are the Shimao International Plaza in Shanghai, a chain of 10 movie theatres, six hotels, and more than 37 housing projects. He made headlines when he bought nearby home Tukurua for $16m in 2015 with plans of a major renovation. Contributions that contravene our Comments Policy will not be published. The famed mansion is one of Melbournes grandest and most tightly held homes, listed on the Victorian Heritage Register for its long-running association with elite businessmen and the Catholic Church. ", "Stocks Suspended; Home Sales Slump Deepens: Evergrande Update", "Emerging ETF Climbs on Europe Outlook as Russia Rebounds", https://en.wikipedia.org/w/index.php?title=Shimao_Group&oldid=1101074890, Property Development, Property Investment, and Hotel Operations, This page was last edited on 29 July 2022, at 05:29. Billionaire Hui Wing Mau keeps a low profile, but the chairman of Hong Kong-listed Shimao Property Holdings is named in the Panama Papers.Credit:Paul Hilton/Bloomberg. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Capital markets (debt) in Hong Kong "Shimao Property sets 2013 sales target at 10 bln yuan", "0813.HK - Shimao Group Holdings Ltd Profile", "813: Shimao Group Holdings Ltd Stock Price Quote - Hong Kong - Bloomberg", "The Trump Of China, But Quieter; How a Factory Worker Rose to Prominence In Real Estate", "TEXT-Fitch Rates Shimao's USD Notes Final 'BB', "Shimao Property Holdings Limited: Announce Operating Statistics for the first four months of 2013", "Hui Wing Mau, Chinese property billionaire the highest BRW Rich List debutant", "Shimao Completes Largest Chinese Real Estate I.P.O. Atlassian co-founder Scott Farquhar was aged 37 when he paid $71m for the Fairfax mansion Elaine in 2017, setting a then record for an Australian house sale. Dec 13, 2021, 12:23 PM SGT. The clear conversations weve had are that its business as usual, from a Bindaree perspective, Mr McDonald said. Fitch Ratings on Thursday placed the real estate developer into restrictive default after Evergrande failed to make a crucial interest payment by the time a 30-day grace period expired. Cardboard box king Anthony Pratt and family own the mansion Raheen in Melbourne suburb Kew. He bought a massive Fig Tree Pocket waterfront mansion for $7.5m in 2018 and then snapped up the two neighbouring properties for $5m each. Being named on the ICIJ database does not mean people have broken the law, engaged in tax avoidance or acted improperly. Save my name, email, and website in this browser for the next time I comment. A sudden drop in the bonds of developer Shimao Group Holdings sparked a broader sell-off amid renewed concern over the health of Chinese property firms. He's one of Australia's wealthiest citizens with a rags-to-riches tale, but most people would never have heard of billionaire Hui Wing Mau. Clive Palmer has made a lot of property investments. [1][10] These hotels are the Le Royal Mridien Shanghai, Hyatt on the Bund Shanghai, Le Mridien Sheshan Shanghai, Hilton Nanjiang Riverside, Mudanjiang Holiday Inn, and Shaoxing Shimao Holiday Inn. Bindaree holds a chilled and frozen license to supply China, making it an attractive target among Wagyu supply chains seeking to maintain trade into China. The acquisition drive by Chinese companies in Australia is driven at least in part by demand for overseas housing among Chinas upper classes. Picture: The Australian. THE TOP 10 Australia's richest 1 Gina Rinehart $32.64b last year: $36.28b role: Chairman, Hancock Prospecting 2 Andrew Forrest $31.77b last year: $29.61b role: Chairman, Fortescue Metals Group 3 Anthony Pratt & family $27.77b last year: $21.27b role: Executive chairman, Visy. As of February 2023 Shimao Property has a market cap of $2.14 Billion . All rights reserved. Filed Under: Outbound Investment Tagged With: Country Garden Holdings, crebrief, Hui Wing Mau, real estate developer, Shimao International Plaza, Shimao Property Holdings, Sydney, Xu Rongmao, Yang Huiyan, Your email address will not be published. And former Reserve Bank board member Robert Gerard is listed as the sole shareholder of Mayfair Land Management, a BVI company he acquired from Gerard Corporation in May 2010. Bindaree has a large supply contract for beef with the Aldi supermarket chain, processing ground beef from Monbeef into retail ready packs through the companys Burleigh value-adding facility in southern Queensland. Shimao at one point held real estate projects in more than 80 Chinese cities. A lower score indicates better sustainability, Exposure refers to the extent to which a company is exposed to different material ESG issues, Management is related to actions taken to manage ESG issues. Construction cranes stand idle in Chinas Yunnan Province, on the easternmost edge of the Himalayas. It was sold by the estate of Lady Mary Fairfax, who died in 2017. The crisis engulfed even larger players like Evergrande, whose debts are said to have reached hundreds of billions of dollars. It was successfully listed on the Hong Kong Stock Exchange in October 2020. Trading was halted in three of the companys renminbi bonds after they plunged. Evergrande and others are now selling non-core assets to generate cash, and Shimaos major shareholders may be following suit. Shimao Group has a large number of debt maturities due in 2022, including $1.7 billion worth of offshore bonds, 8.9 billion yuan ($1.4 billion) worth of onshore bonds, and "sizable" offshore . Australias richest people in 2021 have been revealed and its no surprise they have considerable wealth tied up in real estate. Mr Palmer paid $12m for it in 2018. Please note that all comments are pending until approved by our moderators. Shanghais Greenland Group has been perhaps the most aggressive Chinese player in the Australian market, having spent more than $1.28 billion in the last 18 months to acquire three sites in Sydney, and another in Melbourne, for developing new housing. Mr Hui made a surprise debut in seventh place on BRW's rich list last year after it was discovered that he held Australian citizenship. The company was founded by Wing Mau Hui on October 29, 2004 and is headquartered in Hong Kong. In April this year, it was among a number of giant listed Chinese real estate entities that were suspended from trading after defaulting or failing to report due to the Chinese property sector collapse. Shimao Property was listed on the Hong Kong Stock Exchange in 2006. On Tuesday the International Consortium of Investigative Journalists the same organisation that brought us the Lux Leaks, Swiss Leaks and Offshore Leaks published the leaked list of wealthy and often high-profile clients of Panama-based law firm Mossack Fonseca. Couldnt agree more Colin. It is one of the largest privately held waterfronts in Vaucluse, eclipsing Justin Hemmes Hermitage and Menulog founder Leon Kamenevs $80m amalgamated block. If Shimao can close its Sydney deal, it will be on the latest in series of residential developments by Chinese companies undertaken in Australia in the last year. We strongly recommend that you obtain independent advice before you act on the content. There are legitimate uses for offshore companies and trusts, including legally reducing tax bills. One of its major projects is the $548 million InterContinental Shimao Hotel, which is being built in an abandoned quarry outside of Shanghai and will include underwater rooms and an aquarium. If their collective sale tenders are launched, the reserve prices could be slashed to S$360 million ($263.2 million) for Sultan Plaza in the Beach Road area and S$850 million for City Plaza in Paya Lebar, Lianhe Zaobao reported Monday. The oldest of eight children, Mr Hui grew up poor in Fujian Province, on the southeast coast of mainland China. The groups Hong Kong-listed shares tumbled almost 14 percent, poised for their biggest loss since 2008. Filed Under: crelist Tagged With: China Evergrande Group, OCBC, Shimao Property Holdings, weekly-sp, Your email address will not be published. Shimao Services Holdings Ltd said on Wednesday it planned to raise HK$4.86 billion ($625 million) by issuing convertible bonds and selling shares for potential mergers and acquisitions,. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. As this earlier article reports, Monbeef closed in late 2020, due to the sustained market pressures being experienced at the time. Shimao has diverse business lines, including hotel, commerce and entertainment, property management and etc. *Correction: An earlier version of this story said square kilometres instead of square metres. Jingtian & Gongcheng > The Legal 500 Rankings China > Banking and finance: PRC firms Tier 2 The banking and finance department at Jingtian & Gongcheng handles a variety of financing transactions for active trust companies and asset managers in the region, advising clients from both borrower and lender perspectives. Public Fundamental Data provided by Morningstar, Inc. Youre viewing 5 of 10 executive team members. What were they thinking. The acquisition, which is said to currently be in the due diligence stage, would pave the way for the latest in a wave of residential constructions projects by Chinese companies in Australia, fueled in no small part by a growing appetite among Chinese wealthy for overseas homes. The ICIJ's database is based on material obtained by German newspaper Sddeutsche Zeitung. In todays roundup of regional news headlines, fresh concerns materialise over mainland developers as a drop in Shimao Groups bonds sparks a wider sell-off, Evergrandes creditors brace for a drawn-out restructuring process, and private equity investors lose their taste for China real estate. The McDonald and Newton families retain 35pc. The Hui familys Archstone Investment Group paid around $70 million in 2017 for Western Australias Yougawalla aggregation, comprising the 356,000ha Yougawalla, the 273,000ha Bulka and the 214,000ha Margaret River Stations in the east Kimberley, together with about 45,000 head of cattle. Among international investors, a third will reduce their exposure to Chinese real estate funds over the next three years with none planning an increase, according to a survey by alternative asset manager Coller Capital. Iron ore magnate Gina Rinehart topped this years Rich List with a net worth of a whopping $28.89 billion as the iron ore price soared. 813 | Complete Shimao Group Holdings Ltd. stock news by MarketWatch. When the government's policy changed, Mr Hui became the owner of China's first private three star hotel. Read more>>. His primary residence is the $100 million Fairwater estate on the Point Piper beachfront, the only nine-figure house sale in Australia. Find the latest Shimao Property Holdings Ltd. (QHI.SG) stock quote, history, news and other vital information to help you with your stock trading and investing. Mr Hui, whose current fortune trails behind Gina Rinehart, Anthony Pratt, Harry Triguboff and Franky Lowy, debuted on the BRW Rich 200 list in 2013. $1.7bn. Read more>>. In the last Mid-Month Update, I cautioned that it was too premature to take the rally in stocks wed seen in the new yearwhich had already begun to coolas a sign that the equity market had finally turned the corner. Shimao Group Holdings Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Notoriously private and elusive about his business dealings, the details of his career and life are scant and difficult to come by. Brands today have enough challenges: build great products, reach target customers cost-effectively, and increase sales and revenue. Getty Images offers exclusive rights-ready and premium royalty-free analog, HD, and 4K video of the highest quality. [3], Shimao Property Holdings Ltd. was founded in 2001 by Chinese entrepreneur and billionaire, Hui Wing Mau. In addition to property development as the core business, the company plans to raise. In late September, as a liquidity crisis at Evergrande put traders on high alert around the world, the bond prices of another Chinese property developer told a different story. Your comment will not appear until it has been moderated. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. His most recent buy was an empty block of land on the northern beaches, bought for $1.425 million after one day on the market. Where indicated, third parties have written and supplied the content and we are not responsible for it. Shimao Property Holdings Limited: Credit quality can withstand stress scenarios. However sources close to the Kimberley property market insist that a sale process is definitely underway. According to Moody's estimates earlier this year, Shimao Group has a large amount of debt maturing in 2022, including $1.7 billion worth of bonds held by international investors, 8.9 billion yuan. Gordon Fu. Shimao Group Holdings is China's 13th biggest developer by contracted sales and among the largest property debt issuers in China, with about $10.1 billion in outstanding local and offshore bonds. It doesn't disclose bank accounts, email exchanges and financial transactions contained in the documents. Shimao Property is a Hong Kong-listed real estate developer with projects in numerous Chinese cities. But can enduring some short-term pain by holding prices steady deliver benefits in the long-term. The company was formerly known as Shimao Property Holdings Limited and changed its name to Shimao Group Holdings Limited in May 2020. The 64-year old is the chairman and founder of Hong-Kong based Shimao Property Holdings, which as of December 2013 had a land bank of 36.15 million square metres and 104 projects underway. Meriton founder and prolific apartment developer Harry Triguboff took seventh place with a $14.42 billion fortune. [4][5] As of February 2013, Shimao Property Holdings Ltd. owned a bank of land totaling 36.2 million square meters, making it one of the top real estate developers in China in terms of land bank size. As of early October, the plant has re-opened, performing a small weekly service kill on cows and bulls, to produce manufacturing beef for Bindaree. Let's look at five job search myths and how they might be holding you back from landing your dream job. In fact, the slightly worse-than-expected Consumer Price Index (CPI) []. "We knew he was going for elections," his son told the Herald at the time. BHP Billiton, which has been named previously in reports on the Panama Papers, declined to comment. Shimao Property (0813.HK) - Total liabilities Total liabilities on the balance sheet as of June 2021 : $71.73 B According to Shimao Property 's latest financial reports the company's total liabilities are $71.73 B.A company's total liabilities is the sum of all current and non-current debts and obligations. Hancock Prospecting executive chairman Gina Rinehart. [5] Personal life[ edit] In 2008, Xu was reported to be interested in buying Newcastle United F.C. The Atlassian co-chief executive has amassed probably the countrys largest collection of private homes, weekenders and farms, spending almost $250 million on real estate over the past decade. He bought Fairwater, the largest privately-held property on Sydney Harbour at 1.12ha, for $100m in 2018. Were working to restore it. The Australian reported her jump in wealth was the result of soaring iron ore prices and increased exports to China. The transaction value of lived-in flats under the Home Ownership Scheme has exceeded 2020s HK$26.05 billion, according to Centaline Property Agency. Please try again later. Since . "We just tried to support him. Another iron ore baron, Fortescue Metals Group chairman Andrew Twiggy Forrest, ranked second with wealth of $23 billion. 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It is understood the home is set to be demolished and the block subdivided. billionaire Fujian native and Australian citizen Hui Wing Mau, starting with a $1 billion hotel in Surfers Paradise, bought its own site in Sydney for $65 million, three sites in Sydney, and another in Melbourne, nearly all of the available apartments were sold during the first weekend, Chinas Push for Greener Data Centres Cools a Red-Hot Sector: MTD TV, Achieving Carbon Neutrality Critical to Data Centre Investments: MTD TV, Country Garden Boss Yang Guoqiang Steps Aside as Daughter Named Sole Chairman, Asia Real Estate People in the News 2023-02-27, Hines Opens New Zealand Office as 11th in Asia Pacific, Asia Real Estate People in the News 2023-02-20, Hines Buys Queensland Cold Storage Property for APAC Flagship Fund, Warburg-Backed Evolution to Develop $300M Philippine Data Centre With Megawide, Hong Kongs SHKP Wins Mong Kok Commercial Site for $602M, Fairland Creates Spark City Lifestyle Hub to Energise Hong Kongs Cheung Sha Wan, How Data Leadership Can Prepare Real Estate Companies for Big Data and AI in 2023, OpenSpace Capture Provides On-the-Ground Eyes at US Government Building Projects.