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Ingka Centres to Spend $759M Developing India’s First IKEA-Anchored Mall

2021/02/22 by Christopher Caillavet Leave a Comment

A sister firm of IKEA is the latest global player to bet big on growth in India after buying a land parcel near Delhi for development into a mall anchored by the big-box retailer.

Ingka Centres, which develops shopping complexes… Read More>>

A sister firm of IKEA is the latest global player to bet big on growth in India after buying a land parcel near Delhi … Read more>>>

Jason Leow CapitaLand

CapitaLand Sells Japan Malls, Seoul Office for $335M, Unveils Logistics JV With Mitsui

Jason Leow CapitaLand

2020/12/01 by Christopher Caillavet Leave a Comment

CapitaLand’s shift to a strategy aligned with an increasingly digital economy continues, with the Singaporean developer on Tuesday announcing the divestment of three Japanese malls and a Korean office tower for a combined S$448.7 million ($335 million), and the acquisition… Read More>>

CapitaLand’s shift to a strategy aligned with an increasingly digital economy continues, with the Singaporean developer … Read more>>>

Gap Shuts Central Store as It Closes Up Shop in Hong Kong

2020/11/22 by Elizabeth Kerr Leave a Comment

US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining stores in the world’s most expensive retail market by the end of November, according to Apple Daily.

The… Read More>>

US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining … Read more>>>

victor fung Li & Fung

Li & Fung Retail Unit Sells Hong Kong Circle K Stores for $360M

victor fung Li & Fung

2020/11/09 by Elizabeth Kerr Leave a Comment

After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring continues, this time with the sale of its Hong Kong and Macau Circle K stores to Quebec-based convenience store operator and brand owner… Read More>>

After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring … Read more>>>

Yuquan Mall is to open in December

CapitaLand China Retail REIT Recaptures 89% of 2019 Traffic

Yuquan Mall is to open in December

2020/11/02 by Christopher Caillavet Leave a Comment

CapitaLand Retail China Trust (CRCT) has reason for optimism after its portfolio of mainland China shopping malls enjoyed a surge in third-quarter footfall and tenant sales.

Shopper traffic in the quarter recovered to 89 percent of year-earlier levels as tenant… Read More>>

CapitaLand Retail China Trust (CRCT) has reason for optimism after its portfolio of mainland China shopping malls … Read more>>>

daniel zhang alibaba

Alibaba Buying Out China’s Sun Art Retail for $3.6B

daniel zhang alibaba

2020/10/20 by Michael Cole Leave a Comment

E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s largest hypermarket operator for HK$28 billion ($3.6 billion).

The Hangzhou-based company said in an announcement to the Hong Kong stock exchange… Read More>>

E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s … Read more>>>

Wang Jianlin Dalian Wanda

Wanda Commercial Revenue Halves in H1, Stays on Course to Open 50 Malls Yearly

Wang Jianlin Dalian Wanda

2020/09/06 by Skye Li 1 Comment

Dalian Wanda Group last week said that it is sticking to its plan to open 40 to 50 new plazas each year despite steep declines in revenue and profit at the conglomerate’s real estate and hospitality businesses during the first… Read More>>

Dalian Wanda Group last week said that it is sticking to its plan to open 40 to 50 new plazas each year despite steep … Read more>>>

David Harrison Charter Hall

Singapore’s GIC, Charter Hall Investing A$682M for Aussie Convenience Store Stake

David Harrison Charter Hall

2020/08/18 by Jonathan Burgos Leave a Comment

Singapore’s sovereign wealth fund has partnered with Australian property group Charter Hall to buy a 49 percent stake in a portfolio of convenience stores operated by Ampol, Australia’s biggest oil refiner, for A$682 million ($488.9 million).

Ampol, formerly Caltex Australia,… Read More>>

Singapore’s sovereign wealth fund has partnered with Australian property group Charter Hall to buy a 49 percent stake in … Read more>>>

china resources fu yuning

China Resources-Led Group Buying Hong Kong Supermarket Chain for $300M

china resources fu yuning

2020/08/08 by Jonathan Burgos Leave a Comment

China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>

China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources … Read more>>>

Causeway Bay Shop Sold at 73% Loss as Virus Wave Menaces Hong Kong

2020/07/26 by Diana Li Leave a Comment

Hong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive shopping district was sold at a 73 percent loss.

According to Land Registry records cited by the Hong Kong Economic… Read More>>

Hong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive … Read more>>>

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