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Belinda-Wong

Starbucks Buys Out East China JV for $1.3B, Plans 5,000 Mainland Shops by 2021

Belinda-Wong

2017/07/29 by Greg Isaacson Leave a Comment

Starbucks is buying out its East China joint venture for around $1.3 billion in the company’s biggest acquisition ever, as growth shows signs of cooling in the American coffee chain’s home market. The cash deal will give the Seattle-based company… Read More>>

Starbucks is buying out its East China joint venture for around $1.3 billion in the company's biggest acquisition ever, … Read more>>>

Parkson Chaoyang

Parkson Down to Last Beijing Location as Department Stores Disappear

Parkson Chaoyang

2017/07/09 by Greg Isaacson Leave a Comment

Malaysia-based Parkson was a pioneer foreign investor in China’s retail scene, opening its first mainland department store in 1994. Now that location, on Beijing’s Fuxingmen Rd, is the brand’s last remaining outlet in China’s capital as Parkson shutters department stores… Read More>>

Malaysia-based Parkson was a pioneer foreign investor in China's retail scene, opening its first mainland department … Read more>>>

Chris Heady Blackstone

Blackstone Goes Shopping in Singapore for $651M Japanese Retail REIT

Chris Heady Blackstone

2017/06/29 by Greg Isaacson Leave a Comment

The world’s largest alternative investment firm headed to Singapore’s stock exchange this week and on its shopping list was a portfolio of 11 Japanese shopping malls, according to an announcement this week by Singapore-listed REIT, Croesus Retail Trust.

Affiliates of… Read More>>

The world's largest alternative investment firm headed to Singapore's stock exchange this week and on its shopping list … Read more>>>

Vanke Shenzhen Event

Coming Out Party for Shenzhen Mall is Latest Step in Vanke Retail Expansion

Vanke Shenzhen Event

2017/06/25 by Greg Isaacson Leave a Comment

China Vanke may have lost its founder and CEO last week, but the country’s second-largest developer by sales is also flexing its muscles in the retail property market.

After leading a $1.9 billion acquisition of the Blackstone-controlled mall platform SCP… Read More>>

China Vanke may have lost its founder and CEO last week, but the country's second-largest developer by sales is also … Read more>>>

Wang Jianlin

Wang Jianlin Hits Back at China’s Retail Glut With 3 New Wanda Malls in One Week

Wang Jianlin

2017/06/21 by Mingtiandi Team Leave a Comment

Wang Jianlin continues the expansion of his retail empire in mainland China, as the billionaire’s Dalian Wanda Group announced the opening of three large shopping malls just months after the commercial property developer chalked up a record drop in revenues.

… Read More>>

Wang Jianlin continues the expansion of his retail empire in mainland China, as the billionaire’s Dalian Wanda Group … Read more>>>

Jia Yueting LeEco

Le Eco Says It’s Selling Beijing Mall to China Vanke for RMB 4 Bil

Jia Yueting LeEco

2017/06/15 by Michael Cole Leave a Comment

Cash-strapped Chinese tech giant LeEco is said to be telling creditors that it is close to scoring a major windfall on the sale of a Beijing mall to China Vanke as entrepreneur Jia Yueting scrambles for cash.

CFO Zhang Wei… Read More>>

Cash-strapped Chinese tech giant LeEco is said to be telling creditors that it is close to scoring a major windfall on … Read more>>>

Link Asset Management CEO George Hongchoy

Link REIT Closes on RMB 4.1B Buy of GZ Mall from Morgan Stanley and Gaw

Link Asset Management CEO George Hongchoy

2017/05/15 by Michael Cole Leave a Comment

Hong Kong’s Link REIT has completed its RMB 4.1 billion ($589 million) acquisition of the Metropolitan Plaza mall in Guangzhou from funds controlled by Morgan Stanley and Gaw Capital, according to a recent statement by the manager of the real… Read More>>

Hong Kong’s Link REIT has completed its RMB 4.1 billion ($589 million) acquisition of the Metropolitan Plaza mall in … Read more>>>

Champion REIT CEO Calls an End to Hong Kong’s Retail Slide

2017/05/10 by Michael Cole Leave a Comment

Champion REIT produced a 15.7% jump in distributions to its unit holders in 2016 and the Hong Kong-based real estate investment trust’s freshly minted CEO expects even bigger things this year.

While the REIT sponsored by Hong Kong developer Great… Read More>>

Champion REIT produced a 15.7% jump in distributions to its unit holders in 2016 and the Hong Kong-based real estate … Read more>>>

Jia Yueting LeEco

Cash-Starved LeEco Aims to Sell Off $424M Beijing Mall It Bought Last Year

Jia Yueting LeEco

2017/04/22 by Tyler Roney Leave a Comment

With its $2 billion buyout of TV maker Vizio DOA, its CFO throwing in the towel and reports of missed payrolls at its Yidao Yongche ride hailing app, LeEco has had a rough month. And now entrepreneur Jia Yueting’s mainland… Read More>>

With its $2 billion buyout of TV maker Vizio DOA, its CFO throwing in the towel and reports of missed payrolls at its … Read more>>>

Link Asset Management CEO George Hongchoy

Link REIT Buys Guangzhou Mall from Gaw and Morgan Stanley for RMB 4.1B

Link Asset Management CEO George Hongchoy

2017/04/09 by Michael Cole Leave a Comment

Asia’s largest real estate investment trust just agreed to acquire its third mainland property, as Link REIT purchased Metropolitan Plaza in Guangzhou from funds controlled by Gaw Capital and Morgan Stanley for RMB 4.1 billion ($589 million), according to a… Read More>>

Asia’s largest real estate investment trust just agreed to acquire its third mainland property, as Link REIT purchased … Read more>>>

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