Wang Jianlin continues the expansion of his retail empire in mainland China, as the billionaire’s Dalian Wanda Group announced the opening of three large shopping malls just months after the commercial property developer chalked up a record drop in revenues.
URWork-New Space Merger to Create RMB 9B Global Co-Working Player
One of China’s top shared office players, URWork, has inked an agreement with rival New Space for a strategic merger, according to a recent joint announcement by the two mainland flexible office providers.
The market valuation of the combined companies… Read More>>
Hong Kong Now a Top Destination for Mainland Real Estate Investment Sponsored Feature
With a record $5.32 billion of mainland investment into Hong Kong property last year, up from just $3.31 billion in 2015, mainland China investors are rapidly transforming the market for development sites and mature assets in the city.
Research by… Read More>>
ESR Acquires Osaka Site for $500M Japan Logistics Project
Logistics real estate developer and operator e-Shang Redwood (ESR) has just acquired a 194,000-square meter site near Osaka for the development of one of the largest logistics parks in Japan with an estimated investment of over US$500 million.
The new… Read More>>
Thailand’s U City Buys European Hotel Chain for $349 Mil
Asian money continued flow into global hospitality assets this week as a Thai real estate developer announced an agreement to buy a European hotel chain and associated properties for 330 million euros ($349 million).
U City Public Company Limited, which… Read More>>
CPPIB Revealed as $375M Investor in PAG Asian Real Estate Fund
A statement on Friday by the Canadian Pension Plan Investment Board (CPPIB) reveals that the manager of Canada’s largest pension body has taken an anchor stake in the most recent real estate fund assembled by Hong Kong-based private equity shop… Read More>>
China’s Guangzhou R&F Takes on $4.8B Australian Megaproject
Chinese real estate giant R&F Properties has added to its string of more than 15 overseas projects by signing an A$6.3 billion ($4.8 billion) deal to build around 10,000 homes in Brisbane, Australia.
The development heavyweight signed an agreement earlier… Read More>>
GLP Expands US Footprint with Two Chicago Acquisitions
Amid recent reports of Global Logistic Properties (GLP) fielding offers for its $8.9 billion business, the Singapore-listed warehouse developer continues to expand its United States footprint by securing 42,000 square metres of logistics space through two acquisitions in the Chicago… Read More>>
GIC Completes $2.7B Acquisition of European Warehouse Platform
Singapore’s sovereign wealth fund, GIC, has completed its €2.4 billion ($2.7 billion) acquisition of P3, a specialist owner, developer and manager of European logistics properties from TPG Real Estate and Ivanhoe Cambridge. The deal, which is said to be one… Read More>>
Link REIT and Nan Fung Reel In JP Morgan to Anchor Kowloon Office Complex
Plans to turn Kowloon East into Hong Kong’s second central business district received a boost last week after JP Morgan announced it would establish a major presence at Link REIT and Nan Fung Development’s 77 Hoi Bun Road office complex…. Read More>>