A real estate investment trust managed by Singapore’s top developer will acquire a shopping mall in Chengdu from BlackRock for RMB 1.5 billion ($226 million), at a time when China’s retail property sector is struggling in the face of oversupply… Read More>>
Can a Sun Hung Kai Mega-Project Bring a Renaissance to Shanghai’s Xujiahui?
Xujiahui, a commercial hub in downtown Shanghai that has lost its luster since the 1990s, could win back some of its shine as the local government renovates aging retail centres and Hong Kong developer Sun Hung Kai brings its biggest… Read More>>
Brexit Chaos Could Benefit US Real Estate Markets
Some of the world’s biggest property investors are already dumping London assets post-Brexit and the potential UK slump could bring a boon for US asset holders as cash-rich Chinese investors look for a new place to park their funds.
The… Read More>>
WeWork Opens First Asian Centre in Shanghai
WeWork, the Manhattan-based communal office provider, launched its first Asia location in Shanghai this month as companies work to gauge the depth of demand for co-working space in Asia. The US$16 billion startup’s beachhead in the region opened for business… Read More>>
Transportation Tops Interest Rates Says Speyer in Shanghai
Property values will increasingly be driven by public transportation, rather than interest rates as more and more people jam themselves into the world’s cities, says Rob Speyer, CEO of US developer Tishman Speyer. Addressing the annual ULI Asia Pacific Summit… Read More>>
$5.5 Bil Shanghai Disney Resort Greets Visitors With 2-Hour Queues
Tourists in mainland China will now be able to explore Fantasyland, get photographed with Mickey Mouse and ride Dumbo the Flying Elephant at the new Shanghai Disney Resort, which has its grand opening this week. Visitors are already reporting massive… Read More>>
Goodman Buys Shanghai Logistics Center From A-REIT for $19M
Singapore-listed Ascendas REIT is selling a logistics center just outside Shanghai to Goodman Group as the Australian industrial developer expands its China portfolio. Ascendas REIT, also known as A-REIT, said in a filing to the Singapore Stock Exchange last week… Read More>>
China’s First-Tier Cities to Remain a Bright Spot Says DTZ/C&W Chief Economist Sponsored Feature
China’s first-tier office markets will remain a “bright spot” amidst a tsunami of new supply scheduled to come online, argued Kevin Thorpe, Chief Economist and Global Head of Research for Chicago-based property services firm Cushman & Wakefield (known in China… Read More>>
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