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Michael Cole

china louis vuitton

China Anti-Corruption Drive Hits Luxury Brands and Landlords

2014/02/11 by Michael Cole Leave a Comment

Global luxury brands and the mall developers that love them have hit hard times in China as Xi Jinping’s anti-corruption campaign has seen shoppers desert high end stores.

According to a recent report in the South China Morning Post, many… Read More>>

Nanjing IFC

Li Ka-shing-Backed ARA Fund Completes RMB 2.48B Sale of Nanjing IFC

2014/02/10 by Michael Cole Leave a Comment

Real estate services firm Jones Lang LaSalle (NYSE: JLL), announced today that its client – ARA Asia Dragon Fund – had concluded the en-bloc sale of Nanjing International Finance Center to SanPower Group for a total transaction value of RMB… Read More>>

Xinyuan Chairman Zhang Yong

Xinyuan Real Estate Follows Evergrande in Renegotiating Bond Terms

2014/02/10 by Michael Cole Leave a Comment

On 28th January, NYSE-listed Xinyuan Real Estate (XIN) became the second Chinese property developer this year to ask bondholders to allow renegotiation of the debt terms, apparently so that the companies can take on more leverage as credit dries up… Read More>>

Sara Gougarty of Cushman & Wakefield

Cushman & Wakefield Appoints New Retail Tenant Rep Director for China

2014/02/10 by Michael Cole Leave a Comment

US-based real estate services team Cushman & Wakefield announced today the appointment of Sara Gougarty to the position of Director, Retail Tenant Representation, China. Sara joined the company in February, and will be based in Shanghai.

According to a statement… Read More>>

Ivan Ho

China Real Estate People in the News 2014-02-10

2014/02/10 by Michael Cole Leave a Comment

Each week on Mingtiandi we track who among China’s commercial real estate community has left their role, been promoted, or went off to Thailand on holiday and never made it back through the street protests.

Ivan Ho has… Read More>>

Dubai Pearl done

HK Group Invests $1.9B in Dubai and Bets on 12 China Senior Homes

2014/02/10 by Michael Cole Leave a Comment

A little-known Hong Kong company has agreed to invest US$1.9 billion to turn around a stalled Dubai property project, and sell off pieces of it to Chinese investors.

At the same time, the Dubai-based firm that lacked the funds to… Read More>>

Shanghai Home Sales

China Home Prices Jump 11% But Shanghai Sales Slow by 29%

2014/02/10 by Michael Cole Leave a Comment

China recorded its 20th straight month of housing price increases in January, but growth rates have begun to slow, and new measures may be stifling sales, according to recent market reports.

The China Index Academy, which is part of real estate… Read More>>

China Internet Giant Goes Vertical in Crowded Shenzhen

2014/02/10 by Michael Cole Leave a Comment

While the growth of tech firms in the US has led to university-sized suburban campuses such as Apple’s headquarters in Cupertino, California and the Googleplex in Mountain View, China’s more crowded conditions and urban lifestyle is leading its Internet firms… Read More>>

Zhang Zhirong

Glorious Property CEO, CFO Out as Developer Flails

2014/02/10 by Michael Cole Leave a Comment

Two top executives of Glorious Property Holdings Ltd. (845) resigned last week – less than one month after a failed buyout attempt by the troubled China real estate developer’s former chairman Zhang Zhirong.

The departure of Glorious CEO Liu Ning… Read More>>

Vanke Wang Shi

China Vanke Sales Rise 45% in January to RMB 27 Bil

2014/02/10 by Michael Cole Leave a Comment

China Vanke Co. (000002.SZ), the nation’s largest property developer by revenue, showed a continued upswing in sales last month reaching 27.65 billion yuan ($5.8 billion) during January.

According to a report in the Wall Street Journal, Vanke’s achievement represented a 45 percent increase over the mark for January 2013, when it sold RMB 19.07 billion.

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