Leading today’s Hong Kong real estate news, Mickey Mouse may start singing the blues after his Hong Kong playground recorded a loss of $44 million last year. Also in the headlines, an Italian lingerie brand faces a DD-sized debt default… Read More>>
Alibaba Expands Offline Empire With RMB 5.5B Investment In Furniture Retailer
E-commerce giant Alibaba continues to assemble its offline retail empire by expanding into home furnishings. Just before China’s lunar new year holiday the tech behemoth invested approximately RMB 5.45 billion ($866 million) for a 15 percent stake in Easyhome (居然之家),… Read More>>
Frasers Property Acquires German Developer Alpha Industrial for $353M
Frasers Property has purchased a portfolio of 22 industrial properties in Germany and Austria for $353 million, as the developer formerly known as Frasers Centrepoint adds to its European platform.
The Singapore-listed firm announced Monday that it has agreed to… Read More>>
GIC Said Buying $200M Stake in Bangalore Office Portfolio
Singapore’s GIC may be adding $200 million in offices to its growing collection of Indian real estates assets, as the $100 billion sovereign wealth fund grows its $2 billion set of investments in the country’s property sector, according to an… Read More>>
Property Prices Push HK Youth into Co-Living and More Hong Kong Real Estate Headlines
Leading today’s headlines in the world’s priciest property market, Hong Kong’s youth continue to expand the sharing economy from the office into their homes, and property sales in the city are expected to have totalled $103.6 billion in the now-departed… Read More>>
Luring China’s Ecommerce Junkies Back to the Mall With Dungeons, Horses and a 737
Chinese consumers bought RMB 4.88 trillion ($760 billion) in products online during the first three quarters of last year — roughly equivalent to the annual GDP of the Netherlands — as many shoppers now routinely buy groceries and other daily… Read More>>
Champion REIT’s Langham Place Mall Saw Record $15M Turnover Rent in 2017
Champion REIT, the Hong Kong-listed trust sponsored by developer Great Eagle, saw record turnover rent of HK$116 million ($14.8 million) in its Langham Place Mall last year, said Ada Wong, the trust’s CEO at a media briefing on its annual… Read More>>
Evergrande To Build 200 Cinemas In Five Years in Race to Rival Wanda
An affiliate of top three Chinese developer Evergrande has vowed to open 200 cinemas in China — nearly doubling its total number of movie theatres in the coming five years, while adopting a new locally produced technology to rival the… Read More>>
Wan Chai Office Units Sell for HK$55K PSF and More Hong Kong Real Estate Headlines
Wan Chai leads the Hong Kong real estate headlines on this last day of the rooster year, as a set of strata office units sell for a record HK$55,000 per square foot. Also in the headlines, property price growth is… Read More>>
Singapore’s CapitaLand Aims for $76B in Assets Under Management by 2020
Singaporean developer CapitaLand plans to grow its total assets under management from the current S$88.8 billion ($67 billion) to around S$100 billion ($76 billion) by 2020, the company revealed in its latest financial results announcement.
The largest developer in Southeast… Read More>>
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