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Rafiaa Rumjahn

Yu Liang Vanke

China Vanke Jumps on Mixed-Use Site Near Shanghai’s Caohejing for RMB 9.8B

2018/08/02 by Rafiaa Rumjahn Leave a Comment

Despite a government clampdown that has scared developers away from bids for sites at the fringes of Shanghai and other major cities, a site in the Chinese commercial hub’s Xuhui district still proved appealing enough to persuade China Vanke to… Read More>>

Broderick Storie PAG

PAG Pulls in HK$600M Profit Selling Hong Kong Data Centre

2018/08/01 by Rafiaa Rumjahn Leave a Comment

Alternative investment firm PAG has reportedly made a profit of HK$600 million ($76.44 million) via its recent sale of a data centre in the Hong Kong industrial district of Kwai Chung, less than three years after purchasing the property.

Having… Read More>>

waterfall building

Guizhou Gets on China’s Design Map With World’s Tallest Waterfall Building

2018/08/01 by Rafiaa Rumjahn Leave a Comment

A Chinese developer has decided to fit a waterfall outside a new skyscraper in the country’s southwestern province of Guizhou to the amusement of locals, but not everyone is impressed.

A video showing the 108-metre artificial waterfall flowing from a… Read More>>

xu jiangang gangtai

Credit Problems Brings Down Gangtai Group’s Plan for 300M Skyscraper in Zhejiang 3rd-Tier City

2018/07/31 by Rafiaa Rumjahn Leave a Comment

China’s real estate slowdown appears to be claiming yet another victim, as China Cinda Asset Management takes over a planned 300-metre tall skyscraper project in the Zhejiang provincial city of Taizhou.

The state-owned “bad asset bank” acquired the Gangtai International… Read More>>

Adam Neumann WeWork

Softbank, Hony, Trustbridge Lead $500M in New Funding for WeWork China

2018/07/29 by Rafiaa Rumjahn Leave a Comment

WeWork has secured another $500 million in funding for its China expansion as the global co-working giant and its partners Hony Capital and Softbank prepare to battle for domination of the mainland shared office market.

“This investment will help WeWork… Read More>>

Tsuen Wan Clothing store

Shop in Suburban Hong Kong Mall Sells for Over US$28K Per Square Foot

2018/07/28 by Rafiaa Rumjahn Leave a Comment

As property prices in Hong Kong continue to surge, even 20 square metre shops 17 kilometres from downtown are trading at record prices as the world-leading rates from Hong Kong island are pulling up markets more than half an hour’s… Read More>>

raymond tsoi

Investor in Hong Kong’s The Center Announces Plan to Sell Single Floor in 12 Pieces

2018/07/28 by Rafiaa Rumjahn Leave a Comment

Another member of the consortium behind last year’s landmark HK$40.2 billion ($5.15 billion) acquisition of the Center on Hong Kong’s Queen’s Road is getting ready to flip his floor of the iconic office tower — but not before slicing it… Read More>>

Pansy Ho Shun Tak

Pansy Ho Makes Record-Setting HK$900M Purchase of Pad on HK’s Peak

2018/07/26 by Rafiaa Rumjahn 1 Comment

Shun Tak Holdings managing director Pansy Ho was revealed on Thursday to have bought a luxury house at 28 Gough Hill Road on Hong Kong’s Victoria Peak for HK$900 million ($114.69 million), the highest square-foot price in Asia for a… Read More>>

Ken Ng Angelo Gordon

Angelo Gordon, Chellaram’s Aim for 37% Profit Just Six Months After Buying Kowloon Assets

2018/07/25 by Rafiaa Rumjahn Leave a Comment

Angelo, Gordon & Co and the family behind the Chellaram trading and transport company are offering to sell a set of three office floors in Kowloon East for around 37 percent more than they paid to purchase them… Read More>>

Goodwin Gaw

Gaw Capital JV Buys 50% Stake in Spanish Hotel Chain for €125M

2018/07/25 by Rafiaa Rumjahn Leave a Comment

Gaw Capital Partners announced on Wednesday its €125-million ($146 million) acquisition of a 50 percent stake in Spain’s Hospes Hotel Group through a joint venture formed by its European Hospitality Fund I and Spanish investment company Omega Capital, as the… Read More>>

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