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Jason Leow CapitaLand

CapitaLand Sells Japan Malls, Seoul Office for $335M, Unveils Logistics JV With Mitsui

2020/12/01 by Christopher Caillavet Leave a Comment

CapitaLand’s shift to a strategy aligned with an increasingly digital economy continues, with the Singaporean developer on Tuesday announcing the divestment of three Japanese malls and a Korean office tower for a combined S$448.7 million ($335 million), and the acquisition… Read More>>

Gap Shuts Central Store as It Closes Up Shop in Hong Kong

2020/11/22 by Elizabeth Kerr Leave a Comment

US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining stores in the world’s most expensive retail market by the end of November, according to Apple Daily.

The… Read More>>

victor fung Li & Fung

Li & Fung Retail Unit Sells Hong Kong Circle K Stores for $360M

2020/11/09 by Elizabeth Kerr Leave a Comment

After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring continues, this time with the sale of its Hong Kong and Macau Circle K stores to Quebec-based convenience store operator and brand owner… Read More>>

Yuquan Mall is to open in December

CapitaLand China Retail REIT Recaptures 89% of 2019 Traffic

2020/11/02 by Christopher Caillavet Leave a Comment

CapitaLand Retail China Trust (CRCT) has reason for optimism after its portfolio of mainland China shopping malls enjoyed a surge in third-quarter footfall and tenant sales.

Shopper traffic in the quarter recovered to 89 percent of year-earlier levels as tenant… Read More>>

daniel zhang alibaba

Alibaba Buying Out China’s Sun Art Retail for $3.6B

2020/10/20 by Michael Cole Leave a Comment

E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s largest hypermarket operator for HK$28 billion ($3.6 billion).

The Hangzhou-based company said in an announcement to the Hong Kong stock exchange… Read More>>

Wang Jianlin Dalian Wanda

Wanda Commercial Revenue Halves in H1, Stays on Course to Open 50 Malls Yearly

2020/09/06 by Skye Li Leave a Comment

Dalian Wanda Group last week said that it is sticking to its plan to open 40 to 50 new plazas each year despite steep declines in revenue and profit at the conglomerate’s real estate and hospitality businesses during the first… Read More>>

David Harrison Charter Hall

Singapore’s GIC, Charter Hall Investing A$682M for Aussie Convenience Store Stake

2020/08/18 by Jonathan Burgos Leave a Comment

Singapore’s sovereign wealth fund has partnered with Australian property group Charter Hall to buy a 49 percent stake in a portfolio of convenience stores operated by Ampol, Australia’s biggest oil refiner, for A$682 million ($488.9 million).

Ampol, formerly Caltex Australia,… Read More>>

china resources fu yuning

China Resources-Led Group Buying Hong Kong Supermarket Chain for $300M

2020/08/08 by Jonathan Burgos Leave a Comment

China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>

Causeway Bay Shop Sold at 73% Loss as Virus Wave Menaces Hong Kong

2020/07/26 by Diana Li Leave a Comment

Hong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive shopping district was sold at a 73 percent loss.

According to Land Registry records cited by the Hong Kong Economic… Read More>>

northpoint city singapore

Frasers Sells Half of S$1.1B Mall to Thai Cousin at Mark-Up Amid Retail Slump

2020/07/15 by Jonathan Burgos Leave a Comment

Despite slumping retail sales, a division of tycoon Charoen Sirivadhanabhakdi’s TCC Group has agreed to purchase a 50 percent stake in a suburban Singapore shopping centre from Frasers Property, the SGX-listed developer controlled by the Thai billionaire.

TCC Prosperity’s purchase… Read More>>

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