Private equity billionaire Stephen A Schwarzman, whose Blackstone Group has been an aggressive investor in China, last weekend marked the start of a new $435 million elite scholarship program at Beijing’s Tsinghua University campus. Schwarzman Scholars welcomed its inaugural class… Read More>>
China Life to Ramp Up Overseas Deals in Wake of 67% Profit Plunge
China Life, the Beijing-based insurer with major property holdings in the US and Britain, is looking to ramp up its outbound real estate investments, the company told reporters late last week, on the heels of announcing a 67 percent plunge… Read More>>
Greenland, Ping An Lead Four Chinese Investors in Acquisition of $1B Bay Area Project
Shanghai-listed Greenland Group is leading a group of four Chinese investors, including a unit of insurance giant Ping An, in acquiring a 42-acre waterfront site in South San Francisco, California to build a $1 billion life sciences complex.
Already one… Read More>>
CapitaLand REIT Buys Chengdu Mall From BlackRock for $226M
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>>