A report on Bloomberg today announced that Wal-Mart is the latest retailer to take steps toward developing its own sites in China. This news follows moves in recent months by TESCO, IKEA and other retailers to develop shopping malls and… Read More>>
Mixed Reviews for Real Estate in China’s Third Tier Cities
Two news items today provided conflicting stories on the returns available for investors in China’s emerging cities. First CBRE issued a new research report showing high vacancy levels for office developments in China’s second and third-tier cities, while on the… Read More>>
3 Floors in the SWFC Sold at RMB 82,000 per SQM
According to media reports on March 22nd, floors 69, 70, and 71 of the Shanghai World Financial Centre (SWFC), the tallest building in Shanghai, were sold for a total of RMB 769 million. Given the size of floors sold, the… Read More>>
HSBC and Tesco Team Up to Buy China Malls for $280M
An HSBC Specialist Investments-managed fund has teamed up with Tesco and the Singapore-listed Metro Holdings to buy three shopping malls in China for $280m.
The second joint-venture investment between the HSBC NF China Real Estate Fund, Metro and Tesco, has… Read More>>
Marks & Spencer Commits to Store at Shanghai City Center
Treasury Holdings today announced that a 10 year lease pre-commitment for 3,768 square metres of retail space has been secured from global retail chain Marks & Spencer as an anchor tenant of its City Center property in Shanghai.
Marks &… Read More>>
Treasury China Trust to Acquire Shanghai’s Huai Hai Mall for RMB 575 million
Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”) and one of China’s leading commercial property players, today announced that it has entered into a binding contract to acquire 100% of the Huai Hai Mall in… Read More>>
Best Buy Stores Closing Down in China
According to a report in the Oriental Morning Post, Best Buy will close its own-branded shops in China, effective February 22nd.
As reported here earlier this month, the US retail electronics giant has been struggling to compete in the Chinese… Read More>>
Apple to Open 3rd Shanghai Store — 5th in China
Apple continued its rapid expansion into China’s retail sector by announcing last week the opening of its third outlet in Shanghai.
In a statement from Ron Johnson, the company’s senior vice president of retail operations that was reported in the… Read More>>
Florida Cancels High Speed Rail, Shanghai Goes Faster
Reason #573 Why I Am Living in China
America continues to cheer the decay of its infrastructure under the guise of tax reduction, while China invests in better transportation. The kind of transportation that once upon a time fueled America’s… Read More>>
Best Buy Getting Schooled in China
Two stories published this week about Best Buy’s operations in China paint disparate pictures of the company’s future in the market. The US electronics retail giant opened its first store in China in 2006, but apparently has fallen well short… Read More>>
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