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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>>>

Lotte Shenyang

Lotte May Dump Five Mainland Stores and More Asia Real Estate Headlines

Lotte Shenyang

2018/07/31 by Michael Cole Leave a Comment

One of South Korea’s biggest conglomerates leads the news again today, as Lotte Group struggles to overcome geopolitical issues that have plagued its mainland business. Also in the headlines, two of Hong Kong’s biggest developers saw profits plunge in the… Read More>>

One of South Korea’s biggest conglomerates leads the news again today, as Lotte Group struggles to overcome geopolitical … Read more>>>

victor li ck asset

CK Asset Confirms $4B Plan to Redevelop HK’s Hutchison House

victor li ck asset

2018/07/31 by Michael Cole Leave a Comment

CK Asset Holdings confirmed today that it will redevelop its Hutchison House office building in Hong Kong as the city’s rising real estate values spur the developer to look for greater returns from the prime location in Central district.

“The… Read More>>

CK Asset Holdings confirmed today that it will redevelop its Hutchison House office building in Hong Kong as the city’s … 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>>>

garrett wang wework

Asia Real Estate People in the News 2018-07-30

garrett wang wework

2018/07/30 by Michael Cole Leave a Comment

We are squeezing out the last days of July, but there is still time for movers and shakers in the region’s real estate industry to find roles at new shops or get that bigger desk. This week our list features… Read More>>

We are squeezing out the last days of July, but there is still time for movers and shakers in the region’s real estate … Read more>>>

William Tay Ascendas

Ascendas REIT Enters Europe with £207M Purchase of UK Logistics Portfolio

William Tay Ascendas

2018/07/30 by Richard Meyer Leave a Comment

Singapore’s Ascendas REIT is making its first investment in Europe, buying 12 logistics assets in the UK for £207 million ($272 million). The purchase of 2.6 million square feet (241,000 square metres) of prime logistics space adds to more than… Read More>>

Singapore's Ascendas REIT is making its first investment in Europe, buying 12 logistics assets in the UK for £207 … 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>>>

Adam Neumann WeWork

Softbank, Hony, Trustbridge Lead $500M in New Funding for WeWork China

Adam Neumann WeWork

2018/07/29 by Rafiaa Rumjahn Leave a Comment

WeWork has secured another $500 million in funding for its China expansion as the global co-working giant and its partners Hony Capital and Softbank prepare to battle for domination of the mainland shared office market.

“This investment will help WeWork… Read More>>

WeWork has secured another $500 million in funding for its China expansion as the global co-working giant and its … Read more>>>

Pua Seck Guan Perennial

SG’s Perennial Plans RMB 2.7B Tianjin Project and More Asia Real Estate Headlines

Pua Seck Guan Perennial

2018/07/29 by Michael Cole Leave a Comment

The mainland real estate market is showing signs of a slowdown but that hasn’t kept Singapore’s Perennial Real Estate from making headlines this week with plans for a RMB 2.7 billion project next to a Tianjin high-speed rail station. More… Read More>>

The mainland real estate market is showing signs of a slowdown but that hasn’t kept Singapore’s Perennial Real Estate … Read more>>>

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