US make-up maker Mary Kay Inc is inching closer to buying its own office building in downtown Shanghai, as the beauty supplier makes plans to spend as much as RMB 820 million ($135 million) to be its own landlord in… Read More>>
Real estate services firm Jones Lang LaSalle (NYSE: JLL), announced today that its client – ARA Asia Dragon Fund – had concluded the en-bloc sale of Nanjing International Finance Center to SanPower Group for a total transaction value of RMB… Read More>>
A fund managed by Singaporean real estate developer Mapletree set new records for land prices in Hong Kong’s Kowloon district recently with its purchase of a commercial site for HK$3.77 billion (US$486 million).
The successful bid by Mapletree investments, beat… Read More>>
Blackstone Group has effectively taken over control of Hong Kong-listed real estate developer Tysan Holdings by buying up 71 percent of the shares in the company, as the global private equity giant seeks easier access to China real estate opportunities.
According an annoucement in the Shanghai Securities News, Blackstone acquired 65.5 percent of the shares on January 3rd for HK$1.64 billion ($211.5 million)
The real estate arm of Richard Li’s PCCW announced this week that it is close to selling a Beijing office building for a price put by sources close to the deal at US$900 million, as the Hong Kong princeling follows his father’s lead in selling off China property assets.
The move by Hong Kong based Pacific Century Premium Developments Ltd (PCPD), follows soon after the younger Li’s father, Li Ka-shing sold the Nanjing IFC in eastern China’s Jiangsu province on January 1st
Asia’s richest man, Li Ka-shing continued to retreat from the mainland property market by selling a Nanjing commercial building recently for RMB 3 billion.
China’s Xinhua news agency reported on January 1st that mainland conglomerate SanPower Group indicated it had… Read More>>
Real estate developer Shui On Land is selling its 5 Corporate Avenue project in Shanghai for RMB 3.32 billion ($545 million), the second asset sale by the developer in a week.
According to a December 4th statement by the Shanghai-based… Read More>>
Real estate Developer Shui On Land recently reached agreement to sell its Corporate Avenue 2 project in its Chongqing Tiandi development to Sunshine Life Insurance for RMB 2.4 billion (US$393 million), as the Shanghai-based firm continued to sell off holdings.
Mergers and acquisitions in China’s real estate sector totalled US$6.8 billion through the last week in November, with the value of transactions increasing nearly five times over the mark achieved during the same month of 2012. The deal volume represents… Read More>>
Singaporean mall developer CapitaMalls Asia announced this week that it is investing RMB 2.2 billion (US$361 million) to acquire a mall in Guangzhou, China – its first in the city.
The government-linked developer, which is part of the CapitaLand group… Read More>>