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Ben Keswick Jardine Matheson

Jardine-Backed Yonghui Buys Controlling Stake in Wuhan Retailer for RMB 559M

Ben Keswick Jardine Matheson

2019/04/15 by Jan Kot Leave a Comment

Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional supermarket chain Zhongbai Holdings Group in a deal valued at RMB 559 million ($83.2 million), according to a Shanghai Stock Exchange filing.

Yonghui is offering RMB… Read More>>

Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional … Read more>>>

du juan burberry shanghai

Burberry Shuts Shanghai Flagship Store in Global Retrenchment

du juan burberry shanghai

2019/04/08 by Michael Cole Leave a Comment

Burberry closed the doors to its flagship store in Shanghai on March 31st, according to local media accounts, as the brand that made trench coats trendy shuttered its fourth shop in China’s commercial capital within the last eight months.

By… Read More>>

Burberry closed the doors to its flagship store in Shanghai on March 31st, according to local media accounts, as the … Read more>>>

wang wei sf express

SF Express Shuts China Shops as Retail Venture Fails to Deliver

wang wei sf express

2019/04/01 by Jan Kot Leave a Comment

Chinese logistics company SF Express is said to be closing its offline retail stores in some of China’s largest cities amid an economic slowdown and pressured margins in the logistics sector, according to an account in the local press.

SF… Read More>>

Chinese logistics company SF Express is said to be closing its offline retail stores in some of China's largest cities … Read more>>>

Charoen Sirivadhanabhakdi Frasers Property (Getty Images)

Frasers Group Paying S$635M to Boost Stake in PGIM SE Asia Retail Fund to 67%

Charoen Sirivadhanabhakdi Frasers Property (Getty Images)

2019/03/22 by Michael Cole Leave a Comment

Frasers Property Ltd and Frasers Centrepoint Trust, a REIT managed by a unit of the Singapore-listed developer, are together acquiring an additional 31.66 percent stake in a PGIM retail real estate fund that owns a set of suburban Singaporean malls,… Read More>>

Frasers Property Ltd and Frasers Centrepoint Trust, a REIT managed by a unit of the Singapore-listed developer, are … Read more>>>

Suchad Chiaranussati SC

SC Capital Buys Singapore Shopping Mall From AEW for S$230M

Suchad Chiaranussati SC

2019/03/13 by Michael Cole Leave a Comment

SC Capital Partners has agreed to purchase a community shopping centre in northeastern Singapore from a fund managed by AEW for S$230 million ($169.53 million), according to sources familiar with the transaction who spoke with Mingtiandi.

Singapore-based SC Capital, which… Read More>>

SC Capital Partners has agreed to purchase a community shopping centre in northeastern Singapore from a fund managed by … Read more>>>

Central Walk Shenzhen

Hong Kong’s Link REIT Buys Shenzhen’s Central Walk Mall for RMB 6.6B

Central Walk Shenzhen

2019/02/20 by Michael Cole Leave a Comment

Hong Kong’s Link REIT has acquired a shopping mall in Shenzhen’s Futian district for RMB 6.6 billion ($982 million) according to an announcement by the manager of Asia’s largest real estate investment trust late on Wednesday.

The REIT’s purchase of… Read More>>

Hong Kong’s Link REIT has acquired a shopping mall in Shenzhen’s Futian district for RMB 6.6 billion ($982 million) … Read more>>>

Charoen Sirivadhanabhakdi Frasers

Frasers Property Buys Stake in PGIM SE Asia Retail Fund for S$356M

Charoen Sirivadhanabhakdi Frasers

2019/02/19 by Michael Cole Leave a Comment

Frasers Property announced on Monday that it has agreed to acquire a 17.8 percent stake in a retail real estate fund managed by UK real estate investment manager PGIM for S$356.4 million ($262.7 million).

The deal would give Frasers, which… Read More>>

Frasers Property announced on Monday that it has agreed to acquire a 17.8 percent stake in a retail real estate fund … Read more>>>

Chris Heady Blackstone

Blackstone Buys 50% Stake in Taubman Asia Mall Holdings in $480M Deal

Chris Heady Blackstone

2019/02/17 by Michael Cole 2 Comments

Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of its Asian division to US alternative investment giant Blackstone in a deal valued at $480 million.

The transaction… Read More>>

Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of … Read more>>>

jack Ma

Alibaba Said in Talks to Buy Stake in German Retailer Metro’s China Stores

jack Ma

2019/02/17 by Jesus Alcocer Leave a Comment

Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday report by Reuters, as the company that handles nearly 60 percent of China’s online shopping continues to look for ways… Read More>>

Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday … Read more>>>

Suning Zhang Jindong

Suning Buys 37 Wanda Department Stores for Under RMB 8B

Suning Zhang Jindong

2019/02/14 by Jan Kot Leave a Comment

Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 billion ($1.18 billion) as China’s largest commercial developer continues a two-year sell off of overseas and non-core assets after… Read More>>

Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 … Read more>>>

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