Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
Vincent Lo’s SOCAM Development Limited is ready to sell off a commercial building in Hong Kong at a nearly 12 percent mark-up over what it paid to acquire the Kowloon East asset just six months ago, according to an announcement… Read More>>
CapitaLand has entered into an agreement to offload three mainland community malls to CapitaLand Retail China Trust (CRCT) for RMB 2.96 billion ($430 million), according to an announcement to the Singapore stock exchange.
This is the second divestment of China… Read More>>
One of the world’s oldest toy companies, FAO Schwarz, has opened its first store in China, bringing the Manhattan icon to a country better known for being a toy exporter.
Kidsland International Holdings Limited, which has a market capitalisation of… Read More>>
After selling a pair of mainland commercial properties late last year for a combined RMB 5.56 billion, Singapore’s ARA Asset Management this month entered into a joint venture to buy a Chengdu retail property from a Tishman Speyer-managed fund.
For… Read More>>
US private equity giant KKR has agreed to take a 50 percent equity interest in a Hong Kong retail asset owned by Wang On Group and its development affiliate Wang On Properties in return for a total consideration of HK$180… Read More>>
A joint venture between US real estate fund manager Angelo Gordon and a Hong Kong family office serving one of the region’s oldest shipping families has agreed to sell a retail property in the New Territories’ Tseung Kwan O area… Read More>>
