The company has about $300 billion in total liabilities, and analysts have worried for months about whether a collapse could trigger a wider crisis in China's property market.

New home prices in 100 cities of China fell 0.02% in December from a month earlier, narrowing from the 0.04% drop in November.

Madonna purchased the property for $4.9 million in 1992 and owned it until 2000.

MVRDV studio designed the jade-like façade.

M7 improved the appeal of the property, repurposing the second floor of the building into a business centre for smaller occupiers.

The United States, Canada, Europe, and Asia Pacific are all represented among the investors in the Fund.

According to the company, 2,000 private drivers will no longer be able to welcome customers in Brussels.

Hammerson and CPPIB have agreed to sell the shopping centre to entities affiliated with Henderson Park and Eurofund.

It now intends to reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2024.

The transfer ownership of the property is effective immediately.