PGIM Real Estate has acquired a six-storey industrial building in Singapore’s Paya Lebar region for S$75 million ($55 million) the global real estate manager announced on 11 September, underlining the growing popularity of industrial assets with some of the world’s… Read More>>
Fosun Group and Prudential Financial Plan Real Estate Joint Venture in China
Chinese investment firm Fosun Group and Prudential Financial, Inc. (PFI) from the US, today announced plans for a real estate joint venture to invest in mixed-use development projects in China, and in select overseas locations.
The two companies refrained from stating dollar amounts or location specifics for the projects, however, Fosun has recently focused within China on tourism developments such as its plans for a 7-star resort hotel in Shanghai. Overseas, the investment conglomerate purchased 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million last October.
China less likely to release property tightening measures – and more of Today’s China Real Estate Links | June 21, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
The government is not likely to release new tightening policies in the short-term… Read More>>