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Michael Cole

Potsdamer Platz in Berlin

Ping An and Fosun in Bidding War for $1.6B Berlin Complex

2015/03/23 by Michael Cole Leave a Comment

Two of China’s biggest international real estate investors are said to be facing off in a contest to acquire an 18 building commercial strip in downtown Berlin that has been put on the market for 1.5 billion euros ($1.6 billion).

… Read More>>

Jimmy Lu

China Real Estate People in the News 2015-03-23

2015/03/23 by Michael Cole Leave a Comment

This week China’s real estate professionals on the move include a familiar Scotsman taking on new responsibilities at Cushman & Wakefield, JLL bringing in new blood in Shanghai, and an English architect trading in Asia’s bright lights for greener fields… Read More>>

Peter Fankhauser Thomas Cook

Fosun Said Shortlisting 50 Hotels in Global Investment Drive

2015/03/23 by Michael Cole Leave a Comment

Fosun Group has drawn up a shortlist of 50 hotels for acquisition globally as the Chinese investment house plans to invest more than $500 million on hospitality sector assets.

The Shanghai-based conglomerate’s plans for the tourism industry were revealed at… Read More>>

Country Garden Restarts Work on Scaled Back $121B Malaysian Project

2015/03/22 by Michael Cole 2 Comments

Chinese developer Country Garden is restarting work on a scaled back version of a residential real estate project in southern Malaysia’s Johor state after complaints from local citizens and the Singapore government.

Country Garden’s Forest City development was originally planned… Read More>>

Xu Jiayin Evergrande

Why the New York Times is Wrong About Evergrande’s $16B “Lifeline”

2015/03/19 by Michael Cole 2 Comments

International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, a Guangzhou-based developer noted for its aggressively leveraged balance sheet, had just received 100 billion yuan ($16 billion) in new credit to prop… Read More>>

monthly change in house prices

China Housing Prices Fall at Record Pace in February

2015/03/19 by Michael Cole Leave a Comment

After showing signs of stabilising in December, China’s housing prices fell by an average of nearly 5.5 percent in February, compared to the same month a year ago. The faster fall in home prices came as China’s spring festival holiday… Read More>>

John Elkann

Shanghai’s Fosun Said to Pursue Cushman & Wakefield

2015/03/17 by Michael Cole Leave a Comment

Shanghai-based investment group Fosun is considering an offer for property consultancy Cushman & Wakefield, which was put up for sale by Italy’s Agnelli family in February.

The current owners are asking $2 billion for the world’s third-largest real estate services… Read More>>

Qiu He Yunnan

Leading Yunnan Official Detained Over Dodgy Real Estate Deals

2015/03/17 by Michael Cole Leave a Comment

The second ranked official from southwestern China’s Yunnan province headed to Beijing for the annual meeting of China’s legislature earlier this month, but failed to return home with the rest of his delegation after being detained over what are said… Read More>>

Chen Hua Kingkey

Something’s Kingkey About China’s Latest Real Estate Corruption Case

2015/03/16 by Michael Cole Leave a Comment

Investigations into corrupt real estate deals in the southern Chinese city of Shenzhen seem to have spread to a second major developer today, as the company behind the city’s tallest tower is said to be under investigation.

Shenzhen Kingkey Group,… Read More>>

China Real Estate People in the News 2015-03-17

2015/03/16 by Michael Cole Leave a Comment

This week a long-time agency research head steps up to lead the thoughts of an asset management giant, a Shanghai native returns home to lead the growth of a US property developer and more March moves for Greater China’s real… Read More>>

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