Singapore’s Mapletree Investments has reportedly received a HK$9 billion ($1.15 billion) offer from mainland China-based Zhongrong Holdings Group for its Mapletree Bay Point office building in Hong Kong’s Kowloon East area, according to market sources familiar with the negotiations who… Read More>>
Sunac China Buys Control of Failing Le Eco Units After Losing $2.6B
China’s fourth largest real estate developer Sunac China Holdings has taken control of two of the three units of Jia Yueting’s financial-troubled LeEco company via court auction, at a price of RMB 773 million. The investment comes after the developer… Read More>>
Keppel-KBS US REIT Buys Seattle Business Campus for $169M
Keppel-KBS US REIT on Monday announced that has agreed to buy a 21 building business park in Washington state, picking up the commercial assets some 15 minutes’ drive from Microsoft’s home office in Seattle for $175.7 million including fees of… Read More>>
Evergrande Invests $2.1B in World’s Biggest BMW Dealer
China’s second largest property developer, Evergrande, is buying a 41 percent stake in Guanghui Group, a Xinjiang-based company that owns the world’s biggest chain of BMW dealerships and operates 737 auto retail facilities nationwide.
According to a stock exchange disclosure… Read More>>
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office in the city’s traditional business centre of Admiralty and move to One Taikoo Place in Quarry Bay next year.
The Chicago-based… Read More>>
JD.com Pledges to Open 1000 High Tech Supermarkets Within Five Years
China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next three to five years, stepping up its competition with Alibaba and Tencent to dominate the mainland grocery business.
Wang Xiaosong, CEO of… Read More>>
China Merchants Bank Takes Over Half of HNA’s Former Hong Kong Home
Mainland financial heavyweight China Merchants Bank has leased a four floor office in Hong Kong’s Three Exchange Square in Central, taking half of the eight floors shed by liquidity-troubled HNA last week, local media reported.
The Shenzhen-based commercial bank, which… Read More>>
Bangalore, Singapore and Shenzhen Lead Ranks of Top Tech Locations in Asia
Bangalore, Singapore, and Shenzhen lead a list of top locations for high tech companies to set up shop in Asia, according to a report released this week by property consultancy Colliers International.
The trio of cities representing mainland China, Southeast… Read More>>
Warburg Pincus Invests $400M in Sun Dongping’s New Ease Startup
Warburg Pincus has invested $400 million into New Ease, a recently established logistics real estate venture focused on improving shipments through China’s airports and urban hubs, according to a company spokesperson.
The investment represents the US private equity firm’s latest… Read More>>
Vanke, Microsoft Agree to Use AI to Make Smarter Homes and Warehouses
Leading real estate developer China Vanke has signed a strategic cooperation agreement with Microsoft (China) to work together applying artificial intelligence to real estate projects, local media reported.
At the World Artificial Intelligence Conference 2018 in Shanghai on Tuesday, China’s… Read More>>
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