Karl Lagerfeld to Lead Retail Roll Out with 4 China Stores in 2013 – and more ofToday’s China Real Estate Links | July 18, 2013

Here is a list of the day’s latest China real estate news collected from around the web:

• Karl Lagerfeld to Lead Retail Roll Out with 4 China Stores in 2013

  Pier Paolo Righi, President of Karl Lagerfeld BV, Amsterdam, has announced that its Karl Lagerfeld brand plans to run ten monobrand stores by the end of the year. The “Retail roll out”, as Righi called it, will include four store openings in China, and two stores in Munich. Presently Karl Lagerfeld has two monobrand stores in Paris, one in Amsterdam, a newly opened store in Berlin, plus a franchise store in Moscow. “Next year we will focus on the Middle East,” Righi added.

  Parallel to the wholesale activities is a “Very selective” distribution to high class retailers and department stores such as Luisa Via Roma, net-a-porter.com, Colette, Harrods and Selfridges.

• Yuan Touches 2-Week Low as Economic Growth, Factory Output Slow

  China’s yuan touched a two-week low after data showed growth and factory output slowed, adding to signs Asia’s biggest economy is cooling.

  Gross domestic product rose 7.5 percent in the second quarter from a year earlier, compared with a 7.7 percent gain in the previous period and matching the median estimate in a Bloomberg News survey, according to official figures today. A report last week showed exports unexpectedly contracted 3.1 percent in June, the largest decline since 2009. The U.S. and China ended two days of strategic and economic talks last week.

• Grand China Partners Buys 286 Unit Residence in Texas

  Showing that California and New York are not the only states on the map for Chinese real estate investors, Grand China Fund has jointly purchased a residential development in Texas with a US firm.

  Grand China has joined forces with Gaia Real Estate to acquire the 286-unit Whispering Winds from Besyata Investment Group in an off-market transaction. The buy is the partnership’s first, though Gaia’s managing partner Amir Yerushalmi indicates that his New York City-based company is working with the Beijing-based fund on other potential investments.

  “This group has development projects in China,” Yerushalmi says. “Lately, they’ve begun looking into real estate opportunities in the US. They have a good understanding of the market.””

This list is updated daily, so tune in again tomorrow for more up to date information.