China’s ongoing decline in housing demand is continuing to hurt land sales, as the country’s property developers have begun shying away from big site acquisitions. The trend towards caution in land buys is a dramatic reversal from last year’s record… Read More>>
Goodman Adds IKEA Chengdu Deal to Win List
Australia-based developer Goodman Group scored a win in the competition among China’s logistics developers to win over big name occupiers when it signed up IKEA to an 11,000 square metre lease in Chengdu.
The agreement with the Swedish home furnishings… Read More>>
Agile Announces Rights Issue and 2nd Disappearing Director on Same Day
Troubled China real estate developer Agile Properties announced on Thursday that a previously planned rights offer is back on the table. The plan to raise HK$1.65 billion ($213 million) seems more challenging than ever, however, as the Hong Kong-listed property… Read More>>
Why CY Leung Felt Short-Changed by $6.5M Payout on DTZ Deal
Hong Kong Chief Executive CY Leung has been feeling the heat this week as details continue to emerge about his secret deal to receive $6.5 million as a “consultant” to Australia’s UGL on its 2011 acquisition of then-insolvent property agency… Read More>>
China’s Gingko Tree Ready to Acquire Siemens Offices for $630M
First it was London, and then New York. Now China’s real estate investors have moved on to Munich, as an agency managing the country’s foreign reserves is said to be acquiring an office park in the German city for $630… Read More>>
Spielberg to Design $3.25B Universal Theme Park in Beijing
The roster of Hollywood names crowding into China’s theme park scene became a bit more crowded this week when Universal Studios announced that it would be teaming with Chinese state-run developers for a $3.25 billion theme park in Beijing.
Universal… Read More>>
Leung’s Secret Deal Synced with Denial of Rival DTZ Bid
New information has come to light about the timing of a secret agreement between now-Hong Kong chief executive CY Leung and an Australian engineering firm involving its 2011 acquisition of real estate agency DTZ, which could put the embattled leader… Read More>>
Agile Owners Offer $200M to Save Struggling Developer
The owners of real estate developer Agile Property announced this week that they are offering their company $200 million in loans in a bid to refinance the struggling firm after scuttling a planned rights issue.
Guangzhou-based Agile has seen its… Read More>>
How CY Leung Legally Collected $6.5M Fee on DTZ Sale (Really)
Most observers agree that Hong Kong chief executive CY Leung did nothing illegal in extracting a $6.5 million payment for his part in the $124 million 2011 sale of DTZ to UGL.
However, as more details emerge about the timing… Read More>>
China Real Estate People in the News 2014-10-13
This week China’s real estate community sees a familiar face turning up at a Dutch fund manager, new leadership for an agency’s office team in Beijing, and many more moves. Read on for details.
Joelin Ma is now Senior Portfolio… Read More>>
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