Diversified Real Estate Activities

NEW WORLD DEV

New World Negotiates Exit Fee to Terminate 11 Skies Obligations with Airport Authority

Airport Authority Plans to Take Over New World's 11 SKIES; New World Expected to Relieve Guaranteed Rent Burden

New World Development Co. Notes Media Speculations on Potential Investment

New World Development Clarifies No Agreement Reached on 11 Skies Project

New World Development's Luxury Project 'Pavilia Rosa' to Launch Soon

Hong Kong Airport Authority Takes Over NWD's 11 Skies Retail and Entertainment Business

New World Rejects Blackstone's Control, Halts $4 Billion Investment Talks

Blackstone Abandons $4Billion New World Deal Over Control Disputes

Aravest Aims to Acquire New World Development's Hong Kong Hotel Assets for HKD 15.6 Billion

New World Development's K11 MUSEA Reports 125% Increase in Holiday Spending

New World Development and MTR Co-sell Units in Po Lok Estate III

Strong Sales of New Hong Kong Apartments, Pavilia Farm III Sales Exceed 4.8 Billion HKD

New World Development's Grade-A Commercial Properties Show Ideal Rental Performance with Over 90% Occupancy Rate

The Pavilia Farm III Exceeds Subscription Expectations by Over 183 Times

Success of New World Development and MTR's Baohaozhuang III Sales

Sun Hung Kai Properties and China Resources Land Apply for Height Increase for Yuen Long Housing Project

New World Development's Po Leung Kuk Estate Phase III Second Round Sales Exceed Subscription by Over 103 Times

New World and MTR's Park Yoho III Second Round Launch Receives Over 99x Subscription

HAiT 管理局 Seeks to Enhance 11 SKIES Project with More Dining and Entertainment

New World Development and MTR's Po Luen Estate III sells out 88 units on first launch day

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HD Capital's Tianyu China Fund achieved over 30% returns this year, with 11% allocated to shipping, its largest sector. CIO Wang Yeqing believes the shipping sector is in a strong cycle due to reduced non-compliant fleets. He is bearish on large AI model firms, citing a bubble and high valuations, while favoring investments in computing hardware. Bonds from NEW WORLD DEV also boosted fund performance.

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HD Capitals Hedge Fund Bets Shippers to Outstrip Peers, Bearish on Large AI Model Firms

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New World Developmentis considering paying an exit fee to terminate its lease obligations for the 11 Skies mall project with the Hong Kong Airport Authority. The payment may involve land parcels or assets rather than cash. NEW WORLD DEV is expected to pay at least HKD1.8 billion annually from 2028 to 2066, totaling around USD9 billion. Discussions include various payment options, as the Airport Authority seeks new partners for the mall's management.

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NWD Reportedly Mulls Paying Exit Fee to Airport Authority to End 11 Skies LT Lease Obligations

New World Development is negotiating to pay an exit fee to relieve its obligations for the 11 Skies mall project, potentially avoiding US$9 billion in rent. The payment may involve land or assets rather than cash. The company aims to ease its financial strain and attract investment after a failed partnership with Blackstone. The Airport Authority is exploring new management options for the mall, which is currently struggling to attract tenants. Negotiations are ongoing, with a possible rent reduction and revised management agreement.

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New World mulls fee to avoid US$9 billion rent for 11 Skies mall project

Blackstone Inc. has withdrawn from a $4 billion deal with New World Development after the latter resisted a structure that would grant Blackstone control. This ends a yearlong negotiation. New World is now exploring other funding options, including proposals from RRJ Capital and Ares Management, while facing pressure to resolve HK$70 billion in liabilities related to a shopping mall rental agreement. The Cheng family may also consider a rights issue for capital injection following a recent asset sale.

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Blackstone Walks Away From $4 Billion New World Deal

Shares of New World Development (NWD) fell 4.3% after the company admitted no progress on its 11 Skies shopping center project and new investor plans. Negotiations with the Hong Kong Airport Authority remain unresolved, and potential investments have not materialized. NWD's stock had previously risen 29% this year amid speculation of a US$2.5 billion investment from Blackstone, which has since withdrawn. The company has been reducing debt and reported a HK$3.73 billion net loss for the last six months, a 44% improvement from the previous year.

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Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

New World Developmentannounced that its luxury residential project, PAVILIA ROSA, has garnered significant interest, with thousands of inquiries from potential buyers, including local luxury home purchasers and wealthy clients from Mainland China. The sales brochure is expected to be uploaded next week, with a high-profile launch planned within the month. Cannas Ho, Director of Sales & Marketing, confirmed that preparations for the sales brochure and show flats are in the final stages.

NWD's 'PAVILIA ROSA' to See Sales Brochure Upload as Early as Next Week; Launch Aimed within Mth

NEW WORLD DEVannounced that no agreement has been reached with the Airport Authority regarding the "11 SKIES" project. The company clarified that there has been no material progress or agreements with potential investors. Discussions with the Airport Authority are ongoing, but no changes to contractual arrangements have been finalized. The Airport Authority is reportedly maintaining control over a significant portion of the project and is in communication with NEW WORLD DEV to align the project with the SKYTOPIA development, expected to commence operations in 2028.

NEW WORLD DEV : No Agreement Yet Reached with Airport Authority on 11 SKIES Project

NEW WORLD DEV(00017.HK)