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CCPIB Invests $662M in Pair of Longfor Projects in Shanghai, Chengdu

2018/01/30 by Shawna Kwan Leave a Comment

The Canada Pension Plan Investment Board (CPPIB) is deepening its partnership with top Chinese developer Longfor Properties by investing RMB 4.2 billion ($662 million) in two new mixed-use projects in the cities of Chengdu and Shanghai, the pension fund manager… Read More>>

The Canada Pension Plan Investment Board (CPPIB) is deepening its partnership with top Chinese developer Longfor … Read more>>>

Continental Holdings Sells Off Stake in Shanghai Mall for $167M

2018/01/25 by Greg Isaacson Leave a Comment

Hong Kong-based jewellery trader Continental Holdings is exiting its main property investment in mainland China by selling its 50 percent stake in a Shanghai shopping mall for a total of about HK$1.31 billion ($167 million).

Under the terms of the… Read More>>

Hong Kong-based jewellery trader Continental Holdings is exiting its main property investment in mainland China by … Read more>>>

Wang Jianlin Wanda

Wanda Reports 11% Revenue Drop in 2017 as Wang Jianlin Scales Back His Empire

Wang Jianlin Wanda

2018/01/22 by Greg Isaacson Leave a Comment

Dalian Wanda Group saw its revenue tumble by nearly 11 percent last year as the Chinese conglomerate retreated from its global investment and diversification drive to focus on its core property business.

The group’s operating revenues for 2017 dropped 10.8%… Read More>>

Dalian Wanda Group saw its revenue tumble by nearly 11 percent last year as the Chinese conglomerate retreated from its … Read more>>>

Far East Finance Centre

$73M Office Floor Sets New Price Record in HK’s Admiralty

Far East Finance Centre

2018/01/22 by Shawna Kwan Leave a Comment

A high floor of Hong Kong’s Far East Finance Centre in Admiralty has sold for HK$568 million ($72.6 million) to local developer Circle Property Development, according to media reports.

The 41-storey grade A office building is situated on the eastern… Read More>>

A high floor of Hong Kong’s Far East Finance Centre in Admiralty has sold for HK$568 million ($72.6 million) to local … Read more>>>

Lal L. Chellaram

Angelo, Gordon and Chellarams Buy 9 Floors of Kwun Tong Building For HK$2.5B

Lal L. Chellaram

2018/01/21 by Shawna Kwan Leave a Comment

Real estate fund manager Angelo, Gordon & Co and the family behind the Chellaram trading and transport firm have recently paid HK$2.5 billion ($320 million) for nine floors in an office building in the Kwun Tong area of Hong Kong’s… Read More>>

Real estate fund manager Angelo, Gordon & Co and the family behind the Chellaram trading and transport firm have … Read more>>>

Lucas Lo Similan

Macau Businessman Pegged as Buyer of Pamfleet’s $217M Bonham Circus

Lucas Lo Similan

2018/01/20 by Shawna Kwan Leave a Comment

The mysterious buyer of the $217 million Bonham Circus building in Sheung Wan — a deal which Mingtiandi covered earlier this week — has now been revealed. Macau businessman Lucas Lo, chairman of Similan Group, along with other investors, is… Read More>>

The mysterious buyer of the $217 million Bonham Circus building in Sheung Wan -- a deal which Mingtiandi covered earlier … Read more>>>

Li Ka-shing

Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City

Li Ka-shing

2018/01/18 by Shawna Kwan Leave a Comment

Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.

Thanks to a roaring real… Read More>>

Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real … Read more>>>

Shailesh Goswami Foyr

JLL Leads $3.8M Funding Round in Proptech Startup Foyr

Shailesh Goswami Foyr

2018/01/18 by Greg Isaacson Leave a Comment

Global real estate consultancy JLL is taking another bet on proptech innovation by leading a $3.8 million Series A funding for 3D visualisation startup Foyr.

JLL is joined by other individual and non-institutional investors for the funding round in the… Read More>>

Global real estate consultancy JLL is taking another bet on proptech innovation by leading a $3.8 million Series A … Read more>>>

Xiong Lin Ziroom

Warburg Pincus, Sequoia and Tencent Lead RMB 4B Investment in Rental Housing Unicorn Ziroom

Xiong Lin Ziroom

2018/01/17 by Shawna Kwan Leave a Comment

Chinese rental apartment provider Ziroom has raised RMB 4 billion ($621 million) in a series A financing round — the largest amount secured by a rental housing firm in the country, according to an article published on its official Wechat… Read More>>

Chinese rental apartment provider Ziroom has raised RMB 4 billion ($621 million) in a series A financing round -- the … Read more>>>

Investor Tries for $25M Profit in 7 Months on Floor in HK’s World-Wide House

2018/01/17 by Shawna Kwan Leave a Comment

A floor in Central’s World-Wide House, one block away from Hong Kong’s Exchange Square, is reported to be open to tender with an asking price of HK$800 million ($102 million). The seller bought the property in July of last year,… Read More>>

A floor in Central’s World-Wide House, one block away from Hong Kong’s Exchange Square, is reported to be open to tender … Read more>>>

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