Just days after predicting doom for Disney in China, and saying that the mainland had “passed the phase when we would go crazy for cartoon characters,” billionaire Wang Jianlin opened his latest theme park on Saturday with appearances by Snow… Read More>>
KKR Hires Blackstone’s Rob Yang as Head of Greater China Real Estate
KKR has appointed Rob Yang from Blackstone as Head of Greater China real estate with the US private equity firm, effective 1 June. Yang joins KKR as a managing director based in Hong Kong as the New York-based investment management… Read More>>
Savills IM Appoints Michael Flynn as APAC CEO
Savills Investment Management has named Michael Flynn as its new chief executive for Asia Pacific, as part of a flurry of senior level moves at the international real estate investment manager.
In his new role, Flynn, who formerly served as… Read More>>
Is Hong Kong Blocking Wang Jianlin’s Share Buy-Back Plan?
After halting trading of Hong Kong-listed shares in his Dalian Wanda Commercial Properties more than a month ago, the path for Wang Jianlin to achieve his much-desired mainland listing is getting muddier as the Hong Kong stock exchange appears to… Read More>>
HK Tries Out 5% Down, No Proof Mortgages and More Greater China Real Estate Headlines
Hong Kong developers are borrowing a page from the US subprime crisis by boldly offering 95 percent mortgages without proof of income in answer to a falling housing market. One of the city’s biggest developers seems unfazed, however, with six… Read More>>
PGIM Real Estate Closes on $642M APAC Fund and More Greater China Real Estate Headlines
A US real estate investment firm has reached a final close of $645 million on a fund covering Australia, China, Japan, Malaysia, Singapore, Hong Kong and South Korea. Meanwhile in Singapore, a Chinese developer is betting $218 million on a… Read More>>
China’s CIC Invests $700M in Brookfield’s 1 New York Plaza
Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, acquiring a 49 percent interest in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million, according to reports in… Read More>>
Stanley Ho Buys Orchard Road Site for $105M and More Greater China Real Estate Headlines
The king of the Hong Kong casinos is branching out in Singapore malls as Shun Tak real estate buys a plot on Orchard Road, plus China City Construction, which was recently seen as a default risk has paid off an… Read More>>
Wang Jianlin Predicts 20 Years of Failure for Disney in Competition With Wanda Parks
China’s richest man, Wang Jianlin, is predicting tough times ahead for Shanghai Disney Resort, the $5.5 billion entertainment project due to open next month in the city’s Pudong district.
Speaking in an interview on CCTV over the weekend, Wang, who… Read More>>
Greenland Sydney Project Loses Builder, Chinese Developer Promises to Keep Schedule
Shanghai’s Greenland Group has parted ways with the builder hired to construct the A$700 million ($501 million) Greenland Centre Sydney with work on the 235-metre tower scheduled to start this month.
The state-run Chinese developer and Brookfield Multiplex this week… Read More>>
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