On May 5, Chinese property developer Wang Jianlin sent out a press release in five languages announcing that he had passed Li Ka-shing to become Asia’s richest man, after his fortune had increased to an estimated $36.2 billion.
In case… Read More>>
TPG-Backed DTZ Acquires Cushman & Wakefield for $2 Bil
A private equity group led by TPG Capital of the US is moving quickly to create what could be the world’s second-largest property consultancy by swooping in to acquire New York-based Cushman & Wakefield for a reported $2 billion.
According… Read More>>
China Real Estate People in the News 2015-05-11
This week Greater China’s community of real estate professionals features a selection of team members jumping from one property consultancy to another, as well as a crop of agency veterans jumping to find new challenges at competing companies. Read on… Read More>>
Chinese Developer Plans $500 Mil Project for Anaheim, CA
A little known Chinese developer is planning a nearly $500 million project in southern California that would create a new urban district combining homes, a shopping centre and a hotel.
The mixed-use project by a US subsidiary of Hong Kong-listed… Read More>>
400% Increase in Property-Linked Loans Threatening China’s Banks: Fitch
China’s real estate industry may be showing signs of recovery this year, but the slumping sector still represents the single largest threat to the nation’s banks, according to an independent credit agency.
In a report examining risks facing China’s publicly… Read More>>
Credit Suisse Predicts Chinese Will Buy $47.6B in Aussie Homes
A surge in Australian home purchases by Chinese buyers has led Credit Suisse to predict that mainland investors will put A$60 billion ($47.6 billion) into housing down under over the next six years.
The projection is a major upward revision… Read More>>
Greenland Group Breaks Ground on 48-Storey Toronto Project
Greenland Group, China’s largest developer by sales, began construction of its third project in North America on Friday when it broke ground on a pair of towers in downtown Toronto.
The King Blue development in Toronto’s entertainment district will include… Read More>>
Greenland Group Breaks Ground on $922M London Housing Project
Greenland Group, which last year grew to become China’s largest real estate developer, started growing its business in the UK last week when it ground on a ₤600 million ($922 million) residential project.
The Ram Quarter project is one of… Read More>>
APAC Core Real Estate Funds Return 10.7% in 2014
Real estate funds focusing on core assets – mature properties in prime locations – achieved top financial results for regional investors in 2014, returning an average of 10.7 percent on their investments and outperforming higher risk opportunity funds.
For funds… Read More>>
Chinese Purchases of Aussie Homes Double to $9.76B in 2014
Sales of Australian homes to foreign buyers doubled in the most recent financial year, in a surge led by Chinese buyers.
Mainland investors pumped A$12.4 billion ($9.76 billion) into Aussie real estate from April 2014 to the end of March,… Read More>>
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