More Than a Third of Developer Debt is Not in RMB
According to a research note by JP Morgan, an average of 38 percent of debt belonging to China’s property developers has been borrowed in foreign currency, and almost all of this foreign denominated debt has been in US dollars or Hong Kong dollars.
Marubeni’s United Urban J-REIT Unloading Kawasaki Toshiba Building for $130M
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United Urban Investment Corporation has agreed to sell an ageing Greater
Tokyo office building to an undisclosed buyer for JPY 19 billion ($130
million),...
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