New World
Coverage of New World in the Nexus archive.
- Why Hong Kong’s major developers stayed out of Northern Metropolis’ first pilot tender
Hong Kong’s first Northern Metropolis pilot tender attracted only two bidders. Henderson Land Development submitted a standalone bid, while Sino Land partnered with mainland developers and JD.com. The government faces challenges in engaging private developers for housing and technology ambitions.
- Blackstone Drops $4 Billion New World Deal Over Control Clash
Blackstone has dropped a $4 billion deal with New World over a control clash. The deal was for an 11 Skies retail and commercial project near Hong Kong International Airport. Blackstone's decision is a significant setback for New World's development plans.
- New World Weighs Sale of Stake in $2 Billion HK Hotel Portfolio
New World is considering selling its stake in a $2 billion Hong Kong hotel portfolio, which includes the Grand Hyatt hotel. The potential sale is a significant move for the company. The hotel portfolio is valued at $2 billion.