If reaching the apex of the world’s fourth tallest building is on your bucket list, then you now have another reason to visit Guangzhou, following the completion of the new 1,739 foot tall tower there. Also in the news this… Read More>>
Greentown China Announces $2.9B Global Investment Plan
After teetering on the edge of bankruptcy in 2014, real estate developer Greentown China has bounced back. Just two years after nearly selling itself to pay off creditors, the once insolvent home builder this week announced a RMB 20 billion… Read More>>
Jesline Goh to Take Over as CEO of Keppel REIT
Perennial Real Estate Holdings and CapitaLand veteran Jesline Goh has been appointed as CEO of Keppel REIT Management Limited, according to an announcement this week by the Singapore-based real estate investment firm.
Goh will take over the top slot at… Read More>>
Alibaba Buys Intime Dept Store Chain in $2.6B Deal and More Asia Real Estate Headlines
After pulling customers out of China’s department stores, ecommerce giant Alibaba has decided to put some cash into the downtrodden retail segment, according to reports in the media this week. Also in the headlines today, Goldman Sachs gets bullish on… Read More>>
Great Eagle’s US Unit Buys Seattle Hotel Site for $18 Mil
Pacific Eagle, a US real estate developer controlled by Hong Kong’s Great Eagle Holdings today announced the acquisition of five contiguous land parcels totaling 19,440 square feet (1800 square metres) in Seattle’s Belltown neighborhood. The off-market purchase is the latest… Read More>>
Savills Investment Management Adds Volker Wanka to Asia Team
Savills Investment Management has added Volker Wanka to its Singapore operation as the international real estate investment manager continues to expand its business in Asia.
The 12-year real estate investment veteran has moved from Savills IM’s Frankfurt office to take… Read More>>
McD’s Flips China Business to CITIC and Carlyle for $2B and More Asia Real Estate Headlines
Mickey D’s has decided that selling out may be its best mainland strategy in 2017 – especially as it involves taking in more than $2 billion from CITIC and Carlyle. Also in today’s headlines, developer CSI cashes out in Causeway… Read More>>
Evergrande China’s 2016 Sales King as Top Developers Boost Performance by 82%
Thanks to a year of super-charged real estate sales, Evergrande Group unseated 2015 champion China Vanke to become the mainland’s largest property developer by sales for 2016.
The shift in the top ranks of China’s homebuilders came as the three… Read More>>
Gaw’s Pioneer Global Sells Hong Kong Building for $129 Mil
The Gaw family’s Pioneer Global Group has sold a commercial building near Hong Kong’s Central district for HK$1 billion ($128.96 million), according to a recent announcement to the Hong Kong stock exchange signed by Pioneer’s managing director, Kenneth Gaw.
The… Read More>>
Asia Real Estate People in the News 2017-01-09
In this week’s edition of People in the News, our community of real estate professionals includes people not only changing jobs, but moving across whole continents for their next challenge. Read on as we give you the scoop on who’s… Read More>>
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