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Michael Cole

Corporate Avenue Hubin Lake

Shui On Land Puts Shanghai Office Tower on the Market for RMB 7.5B

2015/03/15 by Michael Cole 1 Comment

Shui On Land has reportedly put Corporate Avenue One, a prime commercial asset next to the Hong Kong-listed real estate developer’s landmark Xintiandi project in Shanghai, on the market for approximately RMB 7.47 billion ($1.2 billion).

The potential sale of… Read More>>

china housing sales

China Property Sales Fall 16.3% in 2015 Despite Govt Support

2015/03/15 by Michael Cole Leave a Comment

Property sales in China have fallen 16.7 percent this year compared to the first two months of 2014, dashing developer hopes for a quick recovery to the nation’s housing slump.

The slide in home sales came despite a series of… Read More>>

Li Sze-Lim

Guangzhou R&F Acquires 4th US Project in 15th Overseas Deal

2015/03/14 by Michael Cole 1 Comment

Earlier this month Guangzhou R&F acquired its fourth project in California, and made its fifteenth overseas deal as the Guangdong-based player transforms itself into one of the most aggressive global investors among China’s real estate developers.

During the first week… Read More>>

Sherry Netherland co-op

Wealthy Chinese Bring High End Home Buying Orgy to NYC, BC and Fiji

2015/03/14 by Michael Cole Leave a Comment

Purchases of ultra-high end homes by cashed up Chinese buyers has continued during March, with wealthy buyers from the Middle Kingdom picking up private islands in Fiji and Canada, as well as paying $70 million for a Manhattan apartment and… Read More>>

Broad building materials

Changsha’s Broad Group Builds 57-Storey Tower in Just 19 Days

2015/03/12 by Michael Cole 1 Comment

When the world last heard of Hunan-based Broad Group, the construction firm was still struggling to win approval to turn a watermelon patch into a 220-storey vertical city.

Now the air conditioning maker turned-modular building group has bounced back… Read More>>

Hui Wing Mau Shimao

Shimao Goes Back to Bond Markets for $300M in New Debt

2015/03/12 by Michael Cole Leave a Comment

Shanghai-based Shimao Property is heading to the international bond markets for the second time this year, as the real estate developer seeks to improve its liquidity and finance both existing and new projects during China’s property downturn.

In this latest… Read More>>

Jason Whitcombe C&W

Jason Whitcombe Joins as C&W Builds Up APAC Executive Team

2015/03/12 by Michael Cole Leave a Comment

Real estate consultancy Cushman & Wakefield continues to build up its Asia Pacific management team this month with the addition of Jason Whitcombe to lead one of the company’s largest divisions, as well as the promotion of Emily Gray to… Read More>>

Grosvenor House London

Fosun Said to Be Seeking London’s $762M Grosvenor House Hotel

2015/03/10 by Michael Cole 1 Comment

China’s Fosun International is said to be pursuing London’s Grosvenor House Hotel, as the investment conglomerate continues to expand its global real estate portfolio.

The five-star London landmark is currently on the market for a reported ₤500 million ($762 million)… Read More>>

Kaisa bond restructuring

Kaisa Offshore Creditors Told to Wait 5 More Years

2015/03/09 by Michael Cole Leave a Comment

The international creditors of troubled real estate developer Kaisa Holdings may need to wait at least five more years to get back what’s owed to them, and can expect to earn much less than what they signed up for.

This… Read More>>

Doug Griffin HSBC

China Real Estate People in the News 2015-03-09

2015/03/09 by Michael Cole Leave a Comment

Life is returning to normal after the spring festival holiday and that means more new roles for the region’s property professionals. This week we see a veteran asset manager join up with a global financial giant, new leadership for Savills… Read More>>

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