A brief calm in the ongoing battle between Vanke founder Wang Shi and the company’s largest shareholder, Baoneng Group, was broken today when an independent member of the Chinese developer’s board confirmed that Baoneng’s Vanke share purchases had been funded… Read More>>
Mainland Developers Back Away From HK Amid Slump and More Asia Real Estate Headlines
China’s development giants are joining Hong Kong’s local heavyweights in staying away from land auctions in the SAR, CSCEC is moving forward with another US project, and mainland home buyers are favoring North America and Australia in the wake of… Read More>>
Blackstone May Sell $1.9B in China Assets to Vanke-Led Fund
China’s biggest developer is in talks to buy RMB 12.9 billion ($1.9 billion) in commercial property from an unspecified seller, which appears to be America’s biggest landlord, following a statement today from China Vanke regarding deal discussions.
The property firm… Read More>>
JLL Boosts Greater China Hotel Team Amid Mainland Tourism Boom
International real estate service provider JLL is ramping up its hotel brokerage team in Greater China as the mainland undergoes an unprecedented tourism boom.
The US-based property consultancy is expanding its Hotels & Hospitality Group in Shanghai and Hong Kong… Read More>>
Leighton-CSCEC JV Wins $1.2B HK Tunnel Deal and More Asia Real Estate Headlines
An Australian-Chinese joint venture has won a long-delayed contract to build a new tunnel in Hong Kong, the world’s biggest warehouse builder is seeking $302 million in new funding for its mainland branch, and officials in China’s Zhejiang province are… Read More>>
After a Boom Decade, Shanghai Still Needs Room to Grow
“Ten years ago, there were construction cranes everywhere in downtown Shanghai,” recalls Anthony Couse, the outgoing Managing Director of property consultancy JLL’s Shanghai and East China offices. The city was in the midst of a massive construction boom. Many analysts… Read More>>
Asia Real Estate People in the News 2016-07-11
This week there were more job changes than we have time or room to cover here at Mingtiandi, but we picked out a few key people to watch while we all enjoy the typhoon. During this second week of July… Read More>>
Asian Investors Seen Shopping for Brexit Bargains and More Asia Real Estate Headlines
Half a dozen UK property funds have already suspended trading, but for some Asian investors the Brexit crisis is bargain hunting time, according to a recent report. Plus, officials in Beijing are getting just as tired of the Vanke custody… Read More>>
Swire to Invest US$1.93B, Add Two New Towers in HK’s Taikoo Place
Swire Properties has announced plans for two new high-end office towers in its Taikoo Place development, adding two million square feet (185,000 square metres) of prime space to the project in Hong Kong’s Quarry Bay.
The two new towers are… Read More>>
e-Shang Redwood Secures Tokyo Site Following Ping An JV
e-Shang Redwood (ESR) has secured a pair of new Tokyo-area sites as the Asian-based logistics developer continues to build up its portfolio in anticipation of a potential IPO later this year.
ESR paid an undisclosed amount to acquire the two… Read More>>
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