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xu jiayin trophy

Evergrande Leads China’s Real Estate Winners with 125% Jump in Profit in 2018 1H

xu jiayin trophy

2018/08/07 by Emma Zhou Leave a Comment

China’s top two developers saw their profits grow by at least 50 percent in the first half of the year, according to financial results released this week.

Guangdong-based Country Garden and Shenzhen’s Evergrande, China’s two largest real estate developers in… Read More>>

China’s top two developers saw their profits grow by at least 50 percent in the first half of the year, according to … Read more>>>

Lloyd Blankfein

Goldman Said to Pick Korea’s NPS as Preferred Buyer for £1.5B London HQ

Lloyd Blankfein

2018/08/06 by Michael Cole Leave a Comment

Goldman Sachs is said to have picked Korea’s National Pension Service (NPS) as the preferred buyer of its soon-to-be-completed European headquarters in London, according to a report in the Korean press, with the UK office building expected to change hands… Read More>>

Goldman Sachs is said to have picked Korea’s National Pension Service (NPS) as the preferred buyer of its … Read more>>>

Loh-Chin-Hua Keppel

Keppel Buying 50% Stake in US Senior Living Provider for $77.3M

Loh-Chin-Hua Keppel

2018/08/06 by Richard Meyer Leave a Comment

Keppel Corporation has agreed to buy half of Watermark Retirement Communities, an American company with 52 senior homes in the US and plans to add eight more by 2020. If the deal is finalised, the purchase price will be approximately… Read More>>

Keppel Corporation has agreed to buy half of Watermark Retirement Communities, an American company with 52 senior homes … Read more>>>

Greg Hyland JLL

CLSA Puts Robinson 77 Office Tower on the Market for S$725M in Singapore

Greg Hyland JLL

2018/08/05 by Richard Meyer Leave a Comment

Robinson 77 is on the market for S$725 million ($530 million), less than two years after a CLSA fund bought the property for S$530.8 and just over a decade after another CLSA investment vehicle bought and resold the building within… Read More>>

Robinson 77 is on the market for S$725 million ($530 million), less than two years after a CLSA fund bought the property … Read more>>>

Broderick Storie PAG

PAG Pulls in HK$600M Profit Selling Hong Kong Data Centre

Broderick Storie PAG

2018/08/01 by Rafiaa Rumjahn Leave a Comment

Alternative investment firm PAG has reportedly made a profit of HK$600 million ($76.44 million) via its recent sale of a data centre in the Hong Kong industrial district of Kwai Chung, less than three years after purchasing the property.

Having… Read More>>

Alternative investment firm PAG has reportedly made a profit of HK$600 million ($76.44 million) via its recent sale of a … Read more>>>

HNA Chen Feng

HNA Said Selling $46M Wuhan Logistics Park to Hopu, Haikou Supertall to Poly

HNA Chen Feng

2018/07/31 by Matt Haldane Leave a Comment

China’s embattled HNA Group is continuing its series of asset disposals with its sale of an 80 percent stake in an uncompleted Wuhan logistics project to an affiliate of superinvestor Fang Fenglei’s Hopu Capital for RMB 312 million ($45.8 million),… Read More>>

China’s embattled HNA Group is continuing its series of asset disposals with its sale of an 80 percent stake in an … Read more>>>

xu jiangang gangtai

Credit Problems Brings Down Gangtai Group’s Plan for 300M Skyscraper in Zhejiang 3rd-Tier City

xu jiangang gangtai

2018/07/31 by Rafiaa Rumjahn Leave a Comment

China’s real estate slowdown appears to be claiming yet another victim, as China Cinda Asset Management takes over a planned 300-metre tall skyscraper project in the Zhejiang provincial city of Taizhou.

The state-owned “bad asset bank” acquired the Gangtai International… Read More>>

China's real estate slowdown appears to be claiming yet another victim, as China Cinda Asset Management takes over a … Read more>>>

Huang Qishen Taihe

Fuzhou Developer Taihe Denies Reports of Mass Layoffs Amid Credit Crisis

Huang Qishen Taihe

2018/07/31 by Richard Meyer Leave a Comment

The Taihe Group (泰禾集团) is firing much of its staff in Beijing, Shanghai, Fuzhou and Wuhan, according to a report in the South China Morning Post on 31 July citing ifeng.com. If confirmed, the mass layoffs at the Shenzhen-listed developer… Read More>>

The Taihe Group (泰禾集团) is firing much of its staff in Beijing, Shanghai, Fuzhou and Wuhan, according to a report in the … Read more>>>

Skip Schwarz Heitman

Heitman Announces Final Close of $338M Asia Property Fund

Skip Schwarz Heitman

2018/07/30 by Richard Meyer Leave a Comment

Chicago-based Heitman LLC has raised $338 million for a new closed-end fund targeting property in the region from Melbourne to Tokyo. Demand was seen as strong, as the initial target for the Heitman Asia-Pacific Property Investors (HAPI) vehicle was only… Read More>>

Chicago-based Heitman LLC has raised $338 million for a new closed-end fund targeting property in the region from … Read more>>>

Yu Liang Vanke

China Vanke Buys 4.9% of Cushman & Wakefield Ahead of This Week’s $719M IPO

Yu Liang Vanke

2018/07/29 by Richard Meyer Leave a Comment

China Vanke is purchasing 4.9 percent of Cushman & Wakefield as the Chicago-based real estate service company prepares for an IPO this week which is expected to raise $719 million.

The approximately $166.7 million investment by China’s third-largest developer by… Read More>>

China Vanke is purchasing 4.9 percent of Cushman & Wakefield as the Chicago-based real estate service company … Read more>>>

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