CM Capital Corp, the US-based family office of Hong Kong’s billionaire Cha clan has purchased a $117.5 million office building in downtown Palo Alto, California from a local joint venture, paying one of the highest prices per square foot for… Read More>>
Greenland Group Buys Hangzhou Sites for $224M to Expand Land Bank
The Chinese government’s tighter financing constraints have not slowed down the largest real estate developer controlled by the Shanghai city government, as Greenland Group continued to expand its land bank last week with the acquisition of a pair of land… Read More>>
Credit Suisse Sells Sydney Tower to Former Tysan Boss for $81M
Credit Suisse Asset Management has sold a Sydney office tower to Hong Kong based family fund Longbow Enterprises for A$111.8 million ($80.64 million), according to sources familiar with the transaction who spoke with Mingtiandi.
The private equity fund manager’s sale… Read More>>
Hong Kong Home Prices Fall for the First Time in 29 Months
Hong Kong’s private home prices marked their first decline in 29 months only days after Hong Kong banks announced hikes in raising their benchmark lending rates for the first time in more than a decade. The city’s notoriously high home… Read More>>
HNA Agrees to Sell Beijing Office Complex to China Vanke for $190M
China’s embattled HNA Group is continuing its series of asset disposals as the conglomerate’s aviation and tourism arm agreed to sell a Beijing office complex to China Vanke for RMB 1.29 billion ($190 million).
A notice filed with the Shanghai… Read More>>
China’s Guangdong Province Mulls Ban on Condo Pre-Sales in Latest Blow to Developers
Guangdong province is calling for the cancellation of a decades-long property pre-sale system that has played a primary role in supporting China’s real estate developers.
The provincial branch of China’s Ministry of Housing and Urban-Rural Development (MOHURD) issued a notice… Read More>>
Logistics Group ESR Launches $505M Bid for Australia’s PropertyLink
Warburg Pincus-backed ESR has made a $505 million all-cash offer for Sydney-based real estate investment manager Propertylink, according to an announcement to the Australian stock exchange late last week.
The Pan-Asian warehouse investment platform’s Australian arm, is offering A$1.15 per… Read More>>
HK-Listed Spring REIT Buys Guangdong Mall From Huamao Property for $241M
Spring Real Estate Investment Trust has acquired its first retail asset in China as the Hong Kong-listed REIT announced late last week that it has agreed to purchase a shopping mall just north of Shenzhen for RMB 1.65 billion ($241… Read More>>
Wanda Said to Sell Chicago, LA Projects to Close Out Overseas Portfolio
Wang Jianlin’s Dalian Wanda Group has agreed to sell off the last two assets it what once was a $5 billion overseas real estate portfolio, according to reports in the US media. A deal reported today to dispose of projects… Read More>>
Wanda Sells $600M Stake in AMC as Investment Retreat Continues
Wang Jianlin’s Dalian Wanda trimmed off another slice of the billionaire’s fading overseas empire last week when the property-to-entertainment conglomerate reached a $600 million agreement to hand over a stake in AMC Entertainment to private equity firm Silver Lake.
According… Read More>>