Asia real estate and outbound investment news
Blackstone is acquiring a set of ten community retail properties in Hong Kong from Link REIT for HK$10 billion ($1.28 billion), according to an account in the city’s Ming Pao newspaper, citing sources familiar with the transaction.
The reported retail… Read More>>
Blue chip Hong Kong developer Wheelock and Co has sold a trio of retail properties in the city’s Tseung Kwan O area to private equity fund manager Phoenix Property Investors for HK$3.38 billion ($432 million), according to an announcement issued… Read More>>
Tencent and Hillhouse Capital have signed a RMB 1 billion ($145.6 million) strategic investment agreement with Japanese-style retailer Miniso, according to an announcement by the Guangzhou-based company on Monday.
“The investment of Tencent and Hillhouse Capital will help the future… Read More>>
China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next three to five years, stepping up its competition with Alibaba and Tencent to dominate the mainland grocery business.
Wang Xiaosong, CEO of… Read More>>
The owner of Chinese big-box commerce giant Wumart has won a competition for control of one of western China’s biggest retailers after Wumei Holdings and associated investors increased their stake in Yinchuan Xinhua Department Store to 40 percent, through a… Read More>>
Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent equity interest in its subsidiary Guangzhou Yuehui Property, which holds Yuexiu Fortune World Plaza in Guangzhou’s Liwan… Read More>>
Keppel Corporation has signed an agreement with ASX-listed Vicinity Centres to launch a A$1 billion ($743 million) retail property fund. The new vehicle, which is being formed at a time when Singaporean companies are increasingly active in Australia, will be… Read More>>
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>>
Athletic apparel brand Nike has stepped in where Hong Kong’s own Esprit faltered, leasing a 7,000 square foot (650 square metre) shop in Causeway Bay’s Leighton Centre for a reported monthly rent of HK$1.5 million.
The swoosh logo will soon… Read More>>
A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising $200 million from a group that includes Singapore’s sovereign wealth fund, GIC.
Beijing-based Luckin Coffee (瑞幸咖啡), which combines mobile apps, WeChat integration and… Read More>>
