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Michael Cole

Kylie Rampa Lendlease

Ping An Teams with Mitsubishi to Back $1B Lendlease Sydney Project

2016/12/25 by Michael Cole Leave a Comment

Chinese financial services giant Ping An is pushing further into the Australian property market through a $1 billion joint venture with Lendlease and Japanese conglomerate Mitsubishi, according to a statement late last week by the Aussie real estate developer.

Shenzhen-based… Read More>>

Wang Guanghua Vice Minister

China Sets Key Precedent in Rolling Over Wenzhou Property Rights

2016/12/25 by Michael Cole Leave a Comment

Not many Chinese homes have chimneys for Santa to scoot down, but that didn’t stop 90 percent of the country’s households from receiving a most welcome present just in time for Christmas.

All but 10 percent of Chinese families own… Read More>>

Mingtiand elf

Happy Holidays From Mingtiandi

2016/12/22 by Michael Cole 2 Comments

This is Mingtiandi’s last update before Christmas, and I wanted to take the opportunity to thank all of our loyal readers for helping make this another great year of chronicling Asia’s real estate investment community.

During 2016 visits to Mingtiandi… Read More>>

Guo Guangchang

Fosun Sells 50% Stake in Shanghai Bund Project for RMB 5.33B

2016/12/22 by Michael Cole 1 Comment

“China’s Warren Buffett” has a point to make — that he is as good at selling assets as buying them.

In an open letter to his employees on December 8, Guo Guangchang, who controls China’s largest private conglomerate Fosun International,… Read More>>

Mainland Buyers to Push Up HK Home Prices and More Asia Real Estate Headlines

2016/12/22 by Michael Cole Leave a Comment

Hong Kong’s home prices have come under pressure from rising US rates, but at least one banker sees mainland demand keeping the city’s housing costs at their usual nosebleed levels. Also in the headlines, Wanda and R&F Properties sign an… Read More>>

Wang Jianlin

Dalian Wanda Sells Failed Madrid Project at $75M Loss

2016/12/21 by Michael Cole Leave a Comment

After abandoning plans to renovate a Madrid landmark, Wang Jianlin’s Dalian Wanda Group has sold off the historic Edificio Espana at a loss equivalent to $75 million, according to a statement to the Hong Kong stock exchange last week.

Wanda,… Read More>>

Kris Harvey Goodman

Goodman Leases 41,000 SQM to Single Tenant at Tianjin Project

2016/12/21 by Michael Cole Leave a Comment

Logistics developer Goodman has leased 40,884 square metres of warehouse space at its Goodman Xiqing Logistics Park (GXLP) in the northern Chinese city of Tianjin.

The new agreement with outdoor apparel and equipment producer Beijing Toread Outdoor Products means that… Read More>>

Baoneng Yao Zhenhua

China Vanke Loses $10B in Value as Takeover Battle Ebbs and More Asia Real Estate Headlines

2016/12/21 by Michael Cole Leave a Comment

The battle for control of China Vanke has entered a new stage after China’s insurance regulators clamped down on leveraged buyout attempts by Baoneng and Evergrande. Now the industry can spend the holiday season watching what happens when high yield… Read More>>

Chen Feng HNA

HNA Group Sets 2nd Hong Kong Land Record in 2 Months with HK$5.4B Kai Tak Deal

2016/12/20 by Michael Cole Leave a Comment

China’s HNA Group continued its acquisition spree this week by returning to Hong Kong’s land market for a second record-setting site purchase in as many months.

The parent company of China’s Hainan Airlines agreed on Monday to pay HK$5.4 billion… Read More>>

SM City Tianjin

Confident Developer Opens 565,000 SQM Mall in Tianjin and More Asia Real Estate Headlines

2016/12/20 by Michael Cole Leave a Comment

The Philippines biggest retail developer must be hoping that Christmas is catching on in Tianjin as it now has 565,000 square metres of retail space to fill in the famously oversupplied Chinese second-tier city. Also in the headlines today, Shanghai… Read More>>

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