First-half financial results have begun to be tallied for the mainland’s cohort of property developers, and many analyst expect the figures to show the growing dominance of state-run companies in the sector. Also in the news, less than a year… Read More>>
JLL Acquires SG-Based Design Firm PDM
JLL has acquired Singapore-based interior design firm PDM International as the property consultancy seeks to expand its design, construction and fit-out capabilities in Asia.
The acquisition is part of a consolidation wave in the global real estate services industry and… Read More>>
JP Morgan Eyes Aussie Assets After $250M Calpers Deal and More China Real Estate Headlines
Fresh off of raising $250 million from CALPers for its Asia Pacific core property fund, JP Morgan appears to be focusing on opportunities in Australia. China’s second-tier cities may hold more promise for SOHO China, however, as the office developer… Read More>>
Shenzhen Kingkey Plans 739-Metre Supertall to Top Shanghai Tower
At 632 metres, the Shanghai Tower has been China’s tallest building since it topped out in 2013, however, if one of Shenzhen’s biggest developers has its way, a new supertall structure in the southern metropolis could soon take the mainland’s… Read More>>
Asia Real Estate People in the News 2016-08-15
While many of us have been sunning ourselves by the lake or winding our way through airport lines this August, the more industrious members of Asia’s team of real estate professionals continue to move on to new and bigger roles,… Read More>>
LVMH Fund Said to Have Sold Stake in Shanghai’s Big Boot to Angela Leong
L Real Estate, a private equity vehicle controlled by the family behind luxury conglomerate LVMH, has reportedly exited its investment in a Shanghai commercial project after selling out its 50 percent stake to a company controlled by Angela Leong On… Read More>>
CBRE Appoints Morgan Stanley Veteran as New Japan Head
CBRE has appointed long-time Mitsubishi UFJ Morgan Stanley executive Eiji Sakaguchi as its new Chief Executive Officer for Japan.
Sakaguchi, who previously served as head of the real estate group for the joint venture financial firm in Japan will start… Read More>>
Shanghai’s SMI, NY’s Extell Confirm $3B NYC Project
Shanghai Municipal Investment (SMI), the state-run infrastructure firm best known for developing China’s tallest building, has confirmed a $3 billion joint venture with New York’s Extell Development to build a 95-storey tower on Manhattan’s Billionaire’s Row.
In a joint announcement… Read More>>
UK Fund Manager Rates Tianjin 3rd-Best Investment Destination Globally
High levels of office vacancy and an overbuilt retail sector may be key ingredients in making a global top three real estate investment hotspot, or so it may seem following a report published this month by London-based asset management firm… Read More>>
China Declares End to Home Price Inflation and More Asia Real Estate Headlines
The latest mainland economic data has been released and the figures seem to show an end to China’s property recovery and raise questions about how some areas of the country will cope with lingering oversupply. Also in the news, Evergrande… Read More>>
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