A Chinese court has approved the $170bn restructuring of aviation and real estate giant HNA Group.
The group’s 300-plus companies will now be reconfigured as four new entities, offering blueprint for the future of indebted property group Evergrande.
The approval came after tens of thousands of HNA’s Chinese creditors voted on the plan on 20 October, with about 90% backing the proposal.
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Including:
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
JV plans for 166,500 sq ft of Grade A urban logistics development granted
The 82-acre land has a potential to deliver 1.2m sq ft of logistics space
