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Li Ka-Shing’s Fortune REIT Buys Kowloon Mall for $245M

2015/01/15 by Michael Cole Leave a Comment

ARA Asset Management (Fortune) Limited, the manager of Li Ka-shing controlled Fortune REIT has now closed on its HK$1.9 billion ($245 million) acquisition of the Laguna Plaza residential retail complex in Hong Kong, according to a recent statement from the company.

… Read More>>

ARA Asset Management (Fortune) Limited, the manager of Li Ka-shing controlled Fortune REIT has now closed on its HK$1.9 … Read more>>>

Dalian Wanda to Close 10 Dept Stores – Restructure 20 More

2015/01/08 by Michael Cole Leave a Comment

The balance of power in China’s retail world continued to shift away from one-size-fits all shops this week when Dalian Wanda announced plans to shutter 10 department stores nationwide, and restructure another 20.

The decision by the China retail real… Read More>>

The balance of power in China's retail world continued to shift away from one-size-fits all shops this week when Dalian … Read more>>>

Ronnie Chan China

Building One New Mall a Year is Easy if You’re Real Estate’s Brad Pitt

Ronnie Chan China

2014/12/08 by Michael Cole Leave a Comment

Every city where Ronnie Chan’s Hang Lung Properties opens a new mall, there are at least 15-25 other shopping centres being built, according to his own estimates. But the chairman of the Hong Kong-listed developer of Shanghai’s Plaza 66 and… Read More>>

Every city where Ronnie Chan's Hang Lung Properties opens a new mall, there are at least 15-25 other shopping centres … Read more>>>

MAPIC China

MIPIM Organiser Announces China Retail Real Estate Show for 2015

MAPIC China

2014/11/20 by Michael Cole Leave a Comment

China’s retailers, mall developers and consumption consultants will have another opportunity to trade namecards and talk deals next year when the organiser of Europe’s biggest real estate trade show rolls out a retail real estate event in Shanghai.

MAPIC China,… Read More>>

China's retailers, mall developers and consumption consultants will have another opportunity to trade namecards and talk … Read more>>>

China South City Shenzhen

Tencent-Backed China Developer Plans Two New Malls Per Year

China South City Shenzhen

2014/10/21 by Michael Cole Leave a Comment

While sales may be down at some of China’s luxury retail palaces, a developer of “wholesale malls” backed by one of the country’s biggest Internet companies has big plans for expansion.

Hong Kong-listed China South City Holdings, which builds and… Read More>>

While sales may be down at some of China's luxury retail palaces, a developer of “wholesale malls” backed by one of the … Read more>>>

Pony Ma

Tencent Grabs Stake in China Mall Developer with Eye on O2O

Pony Ma

2014/09/24 by Michael Cole Leave a Comment

Tencent, which produces the country’s wildly popular WeChat mobile app, is upping its stake in a shopping mall developer, as the Internet giant seeks to integrate its online payment system with offline retailers.

In a statement to the Hong Kong… Read More>>

Tencent, which produces the country's wildly popular WeChat mobile app, is upping its stake in a shopping mall … Read more>>>

Wal-Mart China

Wal-Mart to Build First China Mall in Zhuhai

Wal-Mart China

2014/09/08 by Michael Cole Leave a Comment

Budget-minded retailer Wal-Mart China is hoping to stretch its yuan a bit further by building its own shopping mall in Zhuhai, according to a company announcement on Thursday.

The US retailer made famous for its discount stores, plans to spend… Read More>>

Budget-minded retailer Wal-Mart China is hoping to stretch its yuan a bit further by building its own shopping mall in … Read more>>>

Carlyle Could Spend RMB 10B to Buy into 9 of China Vanke’s Malls

2014/08/27 by Michael Cole Leave a Comment

China’s real estate downturn may turn out to be good news for Carlyle Group as the private equity firm is said to be in advanced talks with China Vanke to buy into the developer’s shopping mall assets.

According to a… Read More>>

China's real estate downturn may turn out to be good news for Carlyle Group as the private equity firm is said to be in … Read more>>>

RT-Mart China

China Retail Slowdown Spreads From Boutiques to Big Box Stores

RT-Mart China

2014/08/18 by Michael Cole Leave a Comment

Same store sales at China’s largest hypermarket chain will fail to grow in 2014, and the owners of the RT-Mart stores blame it on the country’s slowing economy. The announcement from Sun Art Retail Group on August 14th hints that China’s… Read More>>

Same store sales at China's largest hypermarket chain will fail to grow in 2014, and the owners of the RT-Mart stores … Read more>>>

River Mall Shanghai

Shanghai’s Top Ten Shopping Destinations Revealed

River Mall Shanghai

2014/08/04 by Michael Cole Leave a Comment

Shopping at some of Shanghai’s largest malls increased 5.7 percent during June, as an industry survey ranked the city’s top ten shopping centres and department stores for the month.

The report also showed that some new shopping centres, such as… Read More>>

Shopping at some of Shanghai's largest malls increased 5.7 percent during June, as an industry survey ranked the city's … Read more>>>

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