Louis Vuitton is set to become the second major fashion brand to opt not to renew a lease in Hong Kong since the start of the city’s pro-democracy protests seven months ago, as retail sales plunge in the Asian financial… Read More>>
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Warburg Pincus-Backed Retail Platform Buys 5 Indonesian Malls for $123M
A Warburg Pincus-backed retail real estate venture in Indonesia chose the last day of 2019 to announce the year’s largest shopping centre acquisition, buying a set of five malls for approximately rupiah 1.74 trillion ($123.5 million).
Nirvana Wastu Pratama, better… Read More>>
ARA Teams Up with Straits Real Estate and ICBCI to Buy Pudong Mall for RMB 2.4B
ARA Asset Management has made its second investment in mainland China retail in just over six months with the joint acquisition of a shopping mall in Shanghai, as the property investment specialist bets on the country’s growing middle-income group to… Read More>>
APG-Xander JV Buys Pair of India Malls From Tata Realty for INR 7B
A joint venture between Xander Group and Dutch pension fund manager APG has acquired a pair of shopping malls in India from Tata Realty for INR 7 billion ($100 million), according to an announcement.
The acquisition of the two Trilium-branded… Read More>>
Wanda to Open 17 Malls This Month on Way to 323 Plaza Portfolio
Dalian Wanda Group has announced that it will be opening 17 Wanda Plaza shopping centers this month after China’s largest commercial real estate developer celebrated the opening of its 300th plaza in the Hubei provincial city of Xianning in late… Read More>>
Hong Kong’s Shop King Wins Retail Assets From Unlucky Gambler
As the Hong Kong property market stalls under the pressure of five months of protests, the Asian financial hub’s economic storm has become hunting season as the city’s “Shop King” makes his second opportunistic purchase in three months.
Tang Shing-bor,… Read More>>
JD.Com Hypes 50% Discounts on Home Sales for China’s Singles Day
The real estate unit of mainland e-commerce giant JD.com says it is teaming up with more than 200 Chinese property developers to offer homes at half their market value for the Singles’ Day online shopping festival coming up next month.
SC Capital Partners Acquires Aussie Retail Portfolio for A$175M
SC Capital Partners has teamed up with Australia-based Fortius Funds Management to buy three shopping centres in Sydney for A$174.5 million ($118 million) from a joint venture between Frasers Property Australia and Sekisui House.
The Singapore-based private equity firm, which… Read More>>
Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.
The… Read More>>
IKEA to Invest RMB 10B in China Operations
Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.
The planned investment… Read More>>
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