Reported about 1 year ago
Deutsche Bank AG is looking to buy a stake in a $1.3 billion project loan for The Corniche development in Hong Kong, originally financed by Logan Group Co. and KWG Group Holdings Ltd. The struggling developers have only sold 30 out of 295 units since 2023, prompting interest from alternative investment manager Ares Management Corp. and talks of a new $8.95 billion loan led by JPMorgan Chase & Co. for refinancing. Previous lenders included HSBC Holdings Plc and Standard Chartered Plc.
Source: YAHOO