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Jack Ma, Daniel Zhang Alibaba

Alibaba-Backed Red Star Macalline in Talks to Sell Controlling Stake to Xiamen SOE

Jack Ma, Daniel Zhang Alibaba

2023/01/09 by Greg Isaacson Leave a Comment

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled… Read More>>

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall … Read more>>>

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

Link REIT Buying Mercatus Malls for $1.6B in Singapore’s Biggest Deal of 2022

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

2022/12/29 by Beatrice Laforga Leave a Comment

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to… Read More>>

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this … Read more>>>

Robert Wong Hongkong Land

Hongkong Land Leases Two Central Retail Floors to Sotheby’s

Robert Wong Hongkong Land

2022/12/15 by Pawara Laothamatas Leave a Comment

Hongkong Land on Thursday announced that international auction house Sotheby’s has agreed to lease 24,000 square feet (2,229.6 square metres) of space at Landmark Chater, the three-storey retail podium of Central’s Chater House, with analyst sources who spoke with Mingtiandi… Read More>>

Hongkong Land on Thursday announced that international auction house Sotheby’s has agreed to lease 24,000 square feet … Read more>>>

Sun Hung Kai Raymond Kwok

SHKP Wins Kowloon East Commercial Site for $38M

Sun Hung Kai Raymond Kwok

2022/11/25 by Iris Hong Leave a Comment

Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>

Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon … Read more>>>

mike-hagbeck Storhub

Warburg Pincus-Backed StorHub Buys Beijing Property from Leroy Merlin

mike-hagbeck Storhub

2022/11/23 by Iris Hong Leave a Comment

Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the Warburg Pincus-backed self-storage operator continues to expand its presence in mainland China.

The deal will add a third Beijing location and the 17th… Read More>>

Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the … Read more>>>

Jon-Paul Toppino pag

PAG Sells Tokyo Retail Building for $53M as Japan Welcomes Back Tourists

Jon-Paul Toppino pag

2022/11/16 by Iris Hong Leave a Comment

A Japanese buyer has purchased the Ameyoko Center Building in Tokyo from PAG for $53 million as the reopening of Japan’s borders boosts market confidence in the country’s retail and tourism sectors.

The deal for the shopping centre in Tokyo’s… Read More>>

A Japanese buyer has purchased the Ameyoko Center Building in Tokyo from PAG for $53 million as the reopening of Japan’s … Read more>>>

Soong Hee Sang

Link REIT, Frasers Vie for $2B Singapore Mall Portfolio as Headwinds Build

Soong Hee Sang

2022/10/26 by Beatrice Laforga Leave a Comment

A tender for a set of Singapore malls is down to two contenders, with SGX-listed Frasers Property and Hong Kong’s Link REIT battling it out for the assets belonging to Mercatus Co-operative, in what would be the city’s biggest property… Read More>>

A tender for a set of Singapore malls is down to two contenders, with SGX-listed Frasers Property and Hong Kong’s Link … Read more>>>

Han Zhi Swire

Swire Properties JV to Develop Hainan Duty-Free Retail Complex

Han Zhi Swire

2022/10/26 by Iris Hong Leave a Comment

Swire Properties has taken another step toward fulfilling a HK$50 billion ($6.4 billion) mainland China investment plan by partnering with state-owned China Tourism Group Duty Free Corporation Limited (CTG Duty Free) to develop a resort-style retail complex in Hainan province.

… Read More>>

Swire Properties has taken another step toward fulfilling a HK$50 billion ($6.4 billion) mainland China investment plan … Read more>>>

Carlingford Court

Chinese Investor JY Group Buys Half-Stake in Sydney Mall From Telstra Super for $78M

Carlingford Court

2022/09/29 by Christopher Caillavet Leave a Comment

Chinese investor JY Group has added to its collection of Australian retail assets by picking up a 50 percent stake in a suburban Sydney mall for A$120.5 million ($78.2 million).

JY Group purchased its half-interest in the Carlingford Court shopping… Read More>>

Chinese investor JY Group has added to its collection of Australian retail assets by picking up a 50 percent stake in a … Read more>>>

horae plaza 2

Hong Kong’s Fairland Holdings Buys To Kwa Wan Retail Centre for $54M

horae plaza 2

2022/09/05 by Christopher Caillavet Leave a Comment

Hong Kong developer Fairland Holdings has acquired a neighbourhood shopping centre in the urban renewal hotbed of To Kwa Wan for HK$425 million ($54.2 million).

Fairland, known locally for its suburban developments Fairview Park in Yuen Long and Hong Lok… Read More>>

Hong Kong developer Fairland Holdings has acquired a neighbourhood shopping centre in the urban renewal hotbed of To Kwa … Read more>>>

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