Asia real estate and outbound investment news
A retail unit of blue-chip developer Henderson Land is acquiring Japanese retailer FamilyMart Uny Holdings Co’s operations in Hong Kong for HK$300 million ($38 million), expanding Henderson’s department store business to Hong Kong Island and Kowloon.
The Henderson subsidiary, Urban… Read More>>
Global sportswear brand FILA has relaunched its flagship store in Shanghai, celebrating the opening of its largest retail space in Greater China. The expanded and upgraded venue in the Mosaic Shanghai mall on East Nanjing Road now covers 867 square metres… Read More>>
Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
The future of retail is about to be delivered to Hong Kong’s commercial developers, and it’s coming via the Internet, according to a report released today by property consultancy JLL.
The company’s report on the city’s shopping scene, “Reimagining Retail… Read More>>
American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.
Costco inked an agreement with… Read More>>
China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a new district being built just south of Beijing that the central government intends to develop into a new economic hub.
JD.com opened… Read More>>
The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.
Lotte Shopping will sell one of… Read More>>
Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, according to local media reports.
The lease for the 7,000 square foot (650 square metre) store in Leighton Centre at 77 Leighton… Read More>>
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
