A Chinese warehouse developer invested by the Carlyle Group and Singapore’s Temasek Holdings last week got ready to put $300 million of that capital to work on a major new logistics facility in Wuxi aimed at serving demand from China’s… Read More>>
Vanke Continues to Diversify Investments with Shanghai Industrial Deal
China’s biggest real estate developer by sales continued to move beyond its traditional base in housing projects last week when Vanke picked up 160,000 square metres of industrial land in Shanghai.
The property giant bought the land in Zhangjiang High… Read More>>
UGL Closes on Sale of Real Estate Agency DTZ to TPG-Led Group
Real estate service provider DTZ this week confirmed the close of its sale to a private investment consortium composed of TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (the TPG & PAG Consortium), by Australian engineering… Read More>>
Evergrande Boss Buys Sydney Home for $33.4M
Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 million (US$33.4 million) mansion in one of Sydney’s most exclusive neighborhoods following a record-setting transaction.
The purchase by the flamboyant… Read More>>
CBRE Promotes Japan CEO Ben Duncan to Head of North Asia
Real estate agency CBRE continued to restructure its Asia Pacific operations this week by promoting its Japan CEO to the newly created role of President, North Asia. The move will be effective from January 1st, 2015.
In his new position,… Read More>>
Goodman Inks Deal with BMW Brilliance to Expand Logistics Project
Australian real estate developer Goodman scored another build-to-suit victory this week when it announced an agreement with automaker BMW Brilliance to expand an existing warehouse project in Hebei, China.
Under the terms of the new deal, the industrial property builder… Read More>>
China Property Officials Felled by Love of Haute Couture
While China has for years had competing lists of the country’s biggest billionaires, Xi Jinping’s high profile anti-corruption campaign now seems to promoting a list of the country’s most elegantly corrupt officials.
The record of bureaucrats brought low by a… Read More>>
Greentown Sale to Sunac May Be Cancelled After Regulatory Delay
The biggest property developer to change hands during China’s real estate downturn may not be sold after all, following difficulties getting the share sale approved by the Hong Kong Stock Exchange.
Tycoon Song Weiping, along with this family and close… Read More>>
China Real Estate People in the News 2014-11-03
This week brings lots of movements on the capital markets front as JLL’s former head of investment deals for SE Asia starts his own shop, C&W brings in a veteran asset manager, and a veteran politician may have jumped to… Read More>>
China Housing Slide Slows as Easier Credit Boosts Home Sales
Housing prices continued to fall last month across China, but the rate of decline decreased by more than half following government moves to ease credit.
A survey published on Friday by a real estate data provider belonging to Soufun indicated… Read More>>
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