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Branson in talks for Air NZ’s stake in Virgin Australia

  Sydney / Bloomberg Air New Zealand Ltd.’s stake in Virgin Australia Holdings Ltd. has attracted several potential buyers and talks are under way about a possible deal, said Richard Branson, the billionaire founder of Virgin Group Ltd. It’s not yet clear whether Virgin Group itself, which owns about 10 percent of Virgin Australia, will increase its stake in Australia’s ...

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Singapore realty mkt may reach bottom before HK

  Bloomberg Singapore’s property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which oversees more than $58bn in real estate funds. Governments in Asia’s two most expensive residential markets have imposed curbs in recent years to tame prices and improve affordability. As demand has dropped amid a slowdown in the region’s economies, home ...

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Blackstone plans $1.1billion European hotel buildings sale

  Bloomberg Blackstone Group LP, the world’s biggest private-equity property investor, plans to sell hotel buildings in London, Dublin and Amsterdam for about 980 million euros ($1.1 billion), according to people with knowledge of the matter. The hotels are all operated under Hilton Worldwide Holdings Inc.’s DoubleTree brand, said the people, who asked not to be named because the information ...

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