…ajor acquisitions of landmark properties by investors such as Zhang Xin of Soho China and investment conglomerate Fosun made China lead all foreign countries as an investor into US trophy buildings with $1.4 billion in deals, while oil-rich Norway came in second place with $1.2 billion in deals, according to JLL’s Spring 2014 U.S. Skyline Review. The report by the real estate consultancy found that foreign buyers actually outstripped domestic US i…
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Hang Lung’s Gerald Chan to Give $350M to Harvard
…ses at Harvard Medical School and Brigham and Women’s Hospital, and the Center for Mathematical Sciences and Applications in the Faculty of Arts and Sciences. Then during July this year celebrity real estate couple Zhang Xin and Pan Shiyi funnelled $15 million to the Ivy League school through their Soho China foundation. The founders of commercial developer Soho China earmarked their gift for setting up a scholarship fund for Chinese students. Eve…
Hang Lung’s Ronnie Chan Gives $20M to USC
…ational therapy at the school. Adley Chan recently joined the division as a clinical faculty member. China Property Developers Donating to US Universities Lately, China’s property developers have made a salvo of donations to US universities, with Evergrande and Soho China both making gifts to Harvard. Soho CEO Zhang Xin is also said to be preparing to make a multi-million dollar donation to Yale University. Ronnie Chan’s Hang Lung Properties has m…
Bank of China Buys 30-Storey New York Tower for Nearly $600M
…3, Shanghai’s Fosun bought One Chase Manhattan Plaza for $725 million, and Soho China CEO Zhang Xin joined a consortium of investors that acquired 40 percent of the GM Building in a deal that valued the New York tower at $3.4 billion. On the developer side, Shanghai’s Greenland Group bought part of Brooklyn’s $4 billion Atlantic Yards project, Dalian Wanda acquired a site for a $1 billion hotel and NYSE-listed Xinyuan Real Estate also picked up a…
Greater China Real Estate Professionals in the News 2015-09-28
…inds a new home on a co-working office provider. Read on for more details: SOHO China CFO and Executive Director Jim Lam resigned his positions with the company effective 11 September, the Beijing-based developer said in a statement. Lam is said to be leaving to pursue other business opportunities. Late last month SOHO revealed that its revenues were down by 92 percent during the first six months of this year, and the company’s stock has fallen mo…
Land Prices Soar in First Tier Cities and More China Real Estate Headlines 2015-12-08
SOHO Zhang Xin is betting that China’s startup companies will be an important source of rental revenue Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today: Land Prices Soar in China’s 1st Tier Cities as Hopes Rise for Future Boom In the Chaoyang district of northeast Beijing, a nondescript wall covered in patriotic posters protects one of the city’s most valuable treasures: a dirt field con…
WeWork Raises $430M From Legend and Hony for Asia Push
…number of entrants have already begun testing the market. Office developer Soho China, led by billionaire power couple Zhang Xin and Pan Shiyi, last year launched an online platform to lease out office space in its’ SOHO 3Q centres. Local developer Naked Retreats launched the first of a planned chain of co-working centres in Shanghai last year, and Carlyle Group and Hines alum Gavin Lu has reportedly been working on his own office sharing platform…
Greater China Real Estate People in the News 2016-03-21
…rsity. Janet Li has been promoted to Director of Business Development with SOHO China in Beijing. Li takes on her new duties with the commercial developer controlled by mainland power-couple Zhang Xin and Pan Shiyi after serving for one year as a manager in the business development department. Prior to joining SOHO in 2015, Li had been part of the Capital Markets team with consultancy JLL in Beijing. Lemon Li has been promoted to Director with the…
WeWork Opens First Asian Centre in Shanghai
…other offerings currently available in Shanghai or other mainland cities. SOHO China’s 3Q platform, which offers co-working space at 16 facilities in Shanghai and Beijing, charges RMB 2440 per month for a dedicated desk at SOHO Exchange in Jing An district, a location within two blocks of some of the cities priciest office towers. Established local competitor Naked Hub offers membership packages maxing out at RMB 3,000 (US$449) per month – which…
WeWork Opens in Hong Kong with Funding, Brand Power and Uncertainty
…up, which developed the highly successful naked Retreats resort chain, and SOHO China’s 3Q co-working chain. SOHO 3Q already has 16 co-working facilities in Shanghai and Beijing, while naked Hub has established five centres in Shanghai, with a target of opening nine new locations in the city this year. In Hong Kong, WeWork is up against leading developer Swire Properties’ blueprint, which announced it will be relocating to a 30,000 square foot (2,…
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