Asia Pacific real estate investment news and information
The Asian arm of US mall operator Taubman Centers has won recognition for its achievements in the design and development creativity of the Starfield Hanam Shopping Center in South Korea, according to a media release.
Taubman Asia took home a… Read More>>
Hong Kong heart-throb Bosco Wong and around 60,000 fans and customers took part in the grand opening of the Mosaic Xi’an mall in one of China’s oldest cities before China’s National Day holiday.
The opening event was staged in the… Read More>>
Beijing’s city government took in RMB 9.81 billion on the last day of October by selling a trio of land parcels, including two sites in the capital’s coveted Chaoyang district, according to an announcement from the State Information Center.
The three… Read More>>
A consortium including Switzerland’s Partners Group is in talks to acquire a Grade A commercial complex in Beijing for RMB 5.7 billion ($820 million), according to an account this week by Bloomberg.
The Swiss private equity firm is negotiating to… Read More>>
Dalian Wanda Group ended weeks of speculation on Monday by confirming that it has sold its tourism management business to Hong Kong-listed Sunac China Holding for RMB 6.28 billion ($902 million).
The sale follows tycoon Wang Jianlin’s RMB 43.8 billion… Read More>>
Chinese internet giant Tencent is forming a RMB 1.2 billion (US$170 million) grocery joint venture with Shanghai-listed supermarket operator Yonghui Superstores and Hong Kong’s ParknShop, according to a joint statement by the three companies.
The move will further boost Tecent’s… Read More>>
Shrugging off Brexit concerns, City Developments Limited (CDL) had added another trophy asset to its London collection. The Singapore-listed developer announced on Friday that it has acquired a prime office tower in London from Blackstone for £385 million ($493.99 million)… Read More>>
Shenzhen-listed Overseas Chinese Town is selling its 50 percent ownership in a 110,000 square metre, RMB 11.5 billion project in Shanghai’s downtown Jing An district, according to a filing by the state-backed real estate developer to the China Beijing Equity… Read More>>
While Alibaba’s Jack Ma became famous as a leading force in e-commerce in China, the leader of China’s biggest online marketplace has lately been expanding the group’s reach into the physical world of shops and stores.
The change in focus… Read More>>
The mainland’s largest developer by sales in 2017, China Evergrande Group, is resorting to pawning its most valuable offshore asset in an effort to raise $1.5 billion to pay down its debt and make dividend payments, according to a Reuters… Read More>>
