US private equity giant Blackstone made the latest acquisition of China real estate assets by a global finance firm this week when it agreed to buy a 40 percent stake in mall developer SZITIC Commercial Property Co, which is now… Read More>>
Vanke Invests $442 Mil in Bank IPO to Move into Finance
China’s real estate companies have captured major headlines for expanding geographically into global real estate markets, and now the country’s biggest developer, China Vanke, is expanding into the finance sector with a $442 million investment into a bank IPO.
Last… Read More>>
Li Ka-Shing Cashes Out of Shanghai Office Project for US$1.15 Billion
The richest guy in Asia is bearish on China, and is now more than a billion dollars wealthier because of it.
Hong Kong billionaire Li Ka-Shing has disposed of his third major real estate asset in Greater China within the… Read More>>
Ascendas Said to Sell Shanghai Commercial Building for RMB 1.67 Billion
According to local media reports, a fund belonging to Singaporean property firm Ascendas is selling the Cross Tower in downtown Shanghai for approximately RMB 1.67 billion.
The buyer for the 24-storey commercial property is reported to be Hong Kong-based private… Read More>>
