Yuan Yafei’s Sanpower may be giving up control of House of Fraser China’s Sanpower Group is poised to sell a majority stake in troubled UK retailer House of Fraser, less than four years after the Nanjing-based conglomerate bought an 89 percent interest in the department store chain. Sanpower subsidiary Nanjing Cenbest (Nanjing Xinjiekou Department Store) announced in a filing to the Shanghai stock exchange that it was in advanced talks with Wuji…
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Henderson Land Buys Four HK Department Stores from FamilyMart Uny for HK$300M
…Henderson Investment Limited arm has its own flagship department store, Citistore, which operates six branches, five of them located in residential districts in the New Territories far from the city centre. Citistore’s profit after tax in 2017 fell by 24 percent to HK$74 million ($9.4 million), despite the company’s “relentless efforts in raising efficiency and controlling operating costs,” according to Henderson Land’s latest annual report. Reven…
Ant Financial Backs Staffless Store Chain Xingbianli and More Asia Real Estate Headlines
…stores and snack shelves bagging a new investment round led by Alibaba affiliate Ant Financial. Co-working is also in the headlines as Indian flexible office operator Workafella gears up to challenge WeWork. And mezzanine loans are proving popular with credit-squeezed mainland developers, so read on for all the details. Ant Financial Invests in Staffless Convenience Store Chain Chinese checkout-free convenience store operator Xingbianli has compl…
Alibaba Buys Intime Dept Store Chain in $2.6B Deal and More Asia Real Estate Headlines
…dman Sachs Recommends Chinese Developer Stocks Goldman Sachs has turned positive on China’s real estate developers even as the Chinese government has been tightening the housing bubble since early October. “A policy-driven down cycle is not new to us,” boasted Goldman Sachs, however, the stock markets have overlooked two positive developments in the real estate market, analyst Yi Wang said. Read more>> Sunac China Buys $375M Stake in Online Real E…
Third Apple Store In Beijing to Open In Wangfujing – and more of Today’s China Real Estate Links | October 17, 2012
…ina real estate news collected from around the web: Third Apple Store In Beijing Opens In Wangfujing Later This Month An Apple store is opening in China next week, in Wangujing Street, an outdoor pedestrian mall that has been there for over 800 years. This will the the third retails store in Beijing, China, and it’s said that it will be the largest Apple store in Asia. It will join over 200 other shops in the shopping destination center about a mi…
New Apple Store Under Construction in Shanghai’s IAPM Mall – Today’s China Real Estate Links | September 12, 2013
…igh-rise apartments and business offices, both of which have yet to open. Visitors to the new upscale iAPM shopping mall in Shanghai (China) have noticed a surprise future tenant—a two-level Apple retail store. Wanda’s Wang Jianlin Shopping for Hotel Management Company Wang Jianlin, China’s richest man and owner of the country’s biggest commercial land developer, said he has hired two investment banks to buy hotel management companies, mostly in t…
Apple to Open Latest China Retail Store in Chongqing
…joy mad popularity in the world’s second-largest economy, despite recent criticism from local media. The latest official outlet for Apple will be at the Paradise Walk mall in the western China city of Chongqing, making this only the third Apple Store in the country to be located outside of Shanghai or Beijing. The opening of the new store was announced in low-key ad on the company’s website, as well as with a large billboard on display at the mall…
Ralph Lauren Closes HK Flagship Store in Luxury Letdown and More Asia Real Estate Headlines
…day, Savills Investment Management disposes of another Asian asset, and fugitive billionaire Joseph Lau gets $125 million richer. Read on for all these stories and more. Ralph Lauren Closes HK Flagship Store Amid Luxury Letdown “We are in the midst of transforming our presence in China, a region that we believe will become an important driver of growth for us over the long term,” Ralph Lauren said in 2012 after the fashion conglomerate of which he…
Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
…xpire in June. Hysan, the owner of the commercial complex in Hong Kong’s priciest shopping district, had been leasing the G13 and G14 shops to the fashion brand for a monthly rent of around HK$2 million ($254,862) since 2014. Esprit Shifting Leasing Strategy in Home City Raymond Or, chairman of the fashion merchandiser, said that cost saving is not the sole reason for the move. The company also considers the location and size of the store when lea…
Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature
…will invest a US$50 million in JustCo Holdings Pte. Ltd. (“JustCo”). In addition, Daito Trust will invest up to an additional JPY 2.65 billion (US$24 million) to form a new Japan joint venture with JustCo to build and operate flexible workspace business in Japan (the “Joint Venture”). Mr. Katsuma Kobayashi, President and Representative Director (CEO), Daito Trust The Joint Venture, JustCo DK (Japan) Co., Ltd., will be 51% owned by Daito Trust and…
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