Property News · September 21, 2026

Hong Kong developer New World gets nod to spin off K11 Shanghai assets


New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families.
The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the…

Source : South China Morning Post
Read more…Hong Kong developer New World gets nod to spin off K11 Shanghai assets