True to its online, e-commerce, new economy roots, cash-strapped Chinese tech company LeEco has put a 50,000 square metre (538,000 square foot) Beijing shopping center up for auction on China’s flagship e-commerce platform Taobao as it continues to scramble for… Read More>>
Ingka Holding BV, parent of the world’s largest home-furnishings retailer IKEA, has begun development on a $1.2 billion mixed-use development in Shanghai that the home furniture supplier says is its single biggest investment globally.
The Shanghai IKEA LIVAT centre, which… Read More>>
India’s 100 richest real estate tycoons combined have more wealth than China’s richest property baron, China Evergrande Group chairman Xu Jiayin, but not by much.
A recent survey of India’s wealthiest property industry players finds that a set of one… Read More>>
More than 900 industry leaders, representing 570 firms from 36 countries, attended the annual MIPIM Asia real estate conference in Hong Kong last week, with technology and trade tensions among the recurring themes throughout the packed program of presentations, panel… Read More>>
COFCO Property has been given a green light by the China Securities Regulatory Commission (CSRC) to buy back a controlling 64.18 percent stake in Hong Kong-listed commercial real estate developer Joy City Property for RMB 14.76 billion ($2.15 billion), re-integrating… Read More>>
China’s 11th largest real estate developer in terms of sales, China Resources Land announced a reshuffle of its executive suite Tuesday evening with the appointment of Tang Yong（唐勇）as chief executive officer of the Hong Kong-listed company, Li Xin as the… Read More>>
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.
The trust, which already owns a… Read More>>
Singapore’s sovereign wealth fund, GIC, announced on Monday that it has set up a A$2 billion ($1.44 billion) unlisted trust with Australian REIT, Dexus, to invest in logistics properties down under.
Subject to approval, GIC will be the foundation investor… Read More>>
Singapore’s Golden Wall Centre has been sold for S$276.2 million ($200.8 million) to the owner of one of the city’s budget hotel chains, according to an announcement on Monday by Edmund Tie & Company, which advised on the transaction.
A… Read More>>
Wing Tai Properties has entered a 50:50 joint venture with Hong Kong-based Manhattan Garment Holdings to buy a landmark commercial complex in London for £460 million ($591.1 million), according to a filing with the Hong Kong stock exchange on November… Read More>>