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hopson.com.cn

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Investments

1

About Hopson

Hopson (0754.HK) is a large-scale comprehensive enterprise group dedicated to the development of pan-real estate businesses such as residential real estate, commercial real estate, hotel real estate, tourism and holiday industry, and property management industry.

Hopson Headquarter Location

Guangzhou, Guangdong,

China

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Latest Hopson News

Schuster out as Hopson borrows $156M for Midtown tower

May 25, 2022

Share via Shortlink Silverback’s Josh Schuster and Hopson’s Chu Mang Yee with rendering of the project at 131-141 East 47th Street (LinkedIn, Getty, Ismael Leyva Architects, iStock) Hopson Development has dropped one partner and picked up a new one at its condo development in Midtown. The Hong Kong developer has scored a $156 million construction loan from Fortress Investment Group for its 191-unit luxury project at 131-141 East 47th Street, The Real Deal has learned. It has also parted ways with Josh Schuster’s Silverback Development , which joined the project in March 2020 but has run into problems of late. The new funding retires a $50 million acquisition loan from Emerald Creek Capital. Max Herzog and Scott Aiese of JLL Capital Markets arranged the loan. Akerman represented Hopson, and King and Spalding represented Fortress. The project, designed by Ismael Leyva Architects and Neri & Hu, has been in the works since 2019 when Hopson purchased the development site for $115 million. It broke ground the next year. Bentley Zhao’s New Empire Real Estate Development had paid $81 million for the site in 2015 and demolished four buildings to make way for a 49-story tower. A year later, it scaled down the plan to 122 units from 138. Read more In addition to apartments, Hopson’s development will include a meditation garden, pet spa and retail at the base, according to public records . The developer declined to comment on the split with Silverback, but is “thankful to all who have helped us progress along the way,” according to Patrick Zhu, a general manager with Hopson. “We continue to lean forward and expect to come to market this coming fall.” Silverback still features the 34-story project on its website and notes that it was the developer until October. Schuster didn’t immediately respond to email and phone calls requesting comment. He spoke with TRD in March about his firm’s situation. New development sales have cooled slightly in recent weeks as rising mortgage rates split the luxury market between cash buyers and those that need financing. Contact Joe Lovinger

Hopson Investments

1 Investments

Hopson has made 1 investments. Their latest investment was in Betterlife as part of their Corporate Minority on November 11, 2020.

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Hopson Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/4/2020

Corporate Minority

Betterlife

$27.35M

Yes

1

Date

11/4/2020

Round

Corporate Minority

Company

Betterlife

Amount

$27.35M

New?

Yes

Co-Investors

Sources

1

Hopson Acquisitions

1 Acquisition

Hopson acquired 1 company. Their latest acquisition was Evergrande Property Services on October 04, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/4/2021

Private Equity

$99M

$3,032.13M

Acq - P2P

1

Date

10/4/2021

Investment Stage

Private Equity

Companies

Valuation

$99M

Total Funding

$3,032.13M

Note

Acq - P2P

Sources

1

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