Restrictions on China’s real estate market have not completely snuffed out developer demand for new sites, as Beijing last week successfully sold a trio of suburban land plots, fattening the city’s coffers by a total of RMB 7.95 billion ($114.72… Read More>>
GIC Said to Buy Perth’s Exchange Tower for A$320M
Singapore’s sovereign wealth fund GIC is said to have successfully won a tender for a prime office building in Perth, Australia, paying more than A$320 million ($228 million) to the building’s existing joint owners AMP Capital and Primewest, according to… Read More>>
Mainland Co-Working Heavyweight Ucommune Acquires Rival Fountown
Chinese co-working giant Ucommune continued its 2018 expansion streak by fully acquiring its Shanghai-based rival Fountown, adding 26 locations in Beijing and Shanghai to its mainland portfolio.
“I’m positive about the future growth outlook of the co-working economy in China… Read More>>
Mainland Developer Hopson Buys a Floor in The Center for HK$1.1B
Hong Kong-listed builder Hopson Development announced last week that it has become the latest mainland buyer of a floor in the Center, a premium office property located in Hong Kong’s Central business district.
The Guangdong-based builder is paying approximately HK$1.1 billion… Read More>>
Allianz Investing $175M in KaiLong Greater China Real Estate Fund
Global insurance giant Allianz is committing an estimated $175 million to a commercial real estate investment fund targetting opportunities in China, managed by Warburg Pincus-backed KaiLong Group.
Allianz announced on Monday that it is taking a 35 percent share in… Read More>>
Airbnb’s Chinese Rival Xiaozhu Raises $300M From Jack Ma’s Yunfeng Capital
Xiaozhu, China’s answer to Airbnb, announced on Wednesday that it has raised $300 million from investors led by Jack Ma’s Yunfeng Capital, boosting its financial muscle to better compete with local rivals and US giant Airbnb for a slice of… Read More>>
HNA Shopping $11B in Properties as Cash Crisis Continues
Troubled Chinese conglomerate HNA Group has put on the market property assets said to be worth up to $11 billion in its latest move to steady the ship, according to a Reuters account.
HNA has provided lists containing some 82… Read More>>
Hong Kong’s Nan Fung Buys Majority Stake in UK’s Endurance Land
Hong Kong’s Nan Fung has bought a majority stake in Endurance Land to up its exposure in the United Kingdom, according to a statement released on the Central London property developer’s official website.
The privately held real estate development and… Read More>>
HK-Listed Affiliate of Qingjian Group Buys Kowloon Site for HK$530M
The mainland parent of one of Singapore’s largest real estate developers will soon start work on its first Hong Kong housing project, after CNQC International paid HK$530 million ($67.7 million) for a Kowloon East site.
Hong Kong-listed CNQC International, which operates… Read More>>
Greenland Sells Off Three Sites in $5B NYC Mega-Project as US Retreat Continues
Shanghai’s Greenland Group has once again downsized its global ambitions by selling down US assets as it sold three development sites at its Pacific Park Brooklyn project to two New York-family owned firms, TF Cornerstone and Brodsky Organization, for… Read More>>