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APG-Xander JV Buys Pair of India Malls From Tata Realty for INR 7B

2019/12/11 by James Hatton Leave a Comment

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>>

wang jianlin

Wanda to Open 17 Malls This Month on Way to 323 Plaza Portfolio

2019/12/07 by Jan Kot Leave a Comment

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>>

Tang Shing Bor

Hong Kong’s Shop King Wins Retail Assets From Unlucky Gambler

2019/11/19 by James Hatton Leave a Comment

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>>

Richard liu qiangdong jd

JD.Com Hypes 50% Discounts on Home Sales for China’s Singles Day

2019/10/15 by Jan Kot Leave a Comment

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.

… Read More>>

Suchad Chiaranussatti

SC Capital Partners Acquires Aussie Retail Portfolio for A$175M

2019/10/10 by James Hatton Leave a Comment

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>>

Lee Yuen Hong

Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M

2019/09/09 by Jan Kot Leave a Comment

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>>

Anna Pawlak-Kuliga IKEA

IKEA to Invest RMB 10B in China Operations

2019/08/25 by Jan Kot Leave a Comment

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>>

Steven Zhang Suning

Suning Buys 61 Guangzhou Circle K Stores From Hong Kong’s Fung Group

2019/08/07 by Jan Kot Leave a Comment

One more global retail giant has retreated from the mainland China market in the face of growing local competition as a unit of Nanjing-based Suning announced this week that it has taken over a chain of convenience stores from Hong… Read More>>

Eric Shen VIPShop

Tencent-Backed Vipshop Buys Five China Outlet Malls for RMB 2.9B

2019/07/14 by Jan Kot Leave a Comment

China’s online retail giants continued their invasion of the physical shopping world this past week as a fashion ecommerce player backed by Tencent and JD.com agreed to buy an outlet mall chain for RMB 2.9 billion ($422 million).

New York… Read More>>

Zhang Jindong Suning

Suning Buys Carrefour’s China Operation Off the Discount Shelf at RMB 4.8B

2019/06/24 by Jan Kot Leave a Comment

Chinese retailer Suning.com has agreed to buy an 80 percent stake in Carrefour Group’s China unit for RMB 4.8 billion ($699 million) in cash, according to an announcement to the Shenzhen stock exchange.

The agreement paves the way for the… Read More>>

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