More bad news for China’s struggling brick and mortar retailers as a recent report from the Chinese Academy of Sciences and Social Sciences Academic Press predicted as many as one-third of all shopping centers in China will close their doors… Read More>>
Bank of China Spends $100M on a New Sydney Office
Bank of China may have a new place to call home in Sydney after buying the 140 Sussex Street building from Deutsche Asset Management’s RREEF Real Estate for A$130 million ($100 million), The Australian reported. The bank has yet to… Read More>>
China Minsheng Acquires London Office Complex From Société Générale
China Minsheng Investment purchased Société Générale’s central London headquarters from the French bank for £84.5 million ($112.8 million) through its Hong Kong-based subsidiary SRE Group. According to a statement by SRE Group to the Hong Kong stock exchange, the deal… Read More>>
Foreign Buyers Taxed Out As Vancouver Home Sales Fall 23%
The red hot housing market of Vancouver finally had some cold water thrown on it as new figures from the Real Estate Board of Greater Vancouver (REBGV) show home sales fell nearly 23 percent last month. The government in British… Read More>>
China Vanke Buys First London Office Building for $154 Million
China Vanke may now own its first office building in the UK after reportedly agreeing to buy Ryder Court in London’s posh West End from Henderson Global Investors for £115 million ($154 million).
Situated in London’s Mayfair district near landmarks… Read More>>
Asian Fund Managers Said to Grab 92% of Capital for Regional Real Estate Funds
Money to invest in Asian property is increasingly being raised by real estate fund managers within Asia Pacific according to research released this week by an alternative investment market tracker.
Asia-based fund managers represent 92 percent of the property fundraising… Read More>>
Greenland Launches Western Europe’s Tallest Residential Tower in London
One of China’s biggest cross-border real estate investors is ready to start selling units at its £800million ($1.1 billion) London project and may get a chance to test first-hand whether Brexit has cooled buyer enthusiasm for UK housing.
Shanghai-based Greenland… Read More>>
JLL Hires SC’S Eddie Yeh to Advise on Corporate Finance in Greater China
As investors in mainland China and Hong Kong have become a major force in real estate acquisitions globally, real estate services firm JLL has recruited a veteran finance hand to help advise investors on these increasingly complex transactions.
According to… Read More>>
Poly Real Estate Eyes More Australian Office Investments
Poly Australia, Shanghai-listed Poly Real Estate’s Australian arm, is looking for A-grade office investments in Melbourne’s CBD, according to The Australian. The news comes less than two months after the developer purchased a pair of buildings near Sydney’s Circular Quay… Read More>>
Asia Real Estate People In The News 2016-09-05
September is here and the start of the month also sees a number of Asia’s real estate professionals starting new jobs. The moves this week include a familiar face taking over as CEO for Asia at design firm Arcadis, and… Read More>>