CBRE Brokers RMB 4.6B Sale of Shanghai Complex and More Asia Agency Wins Mingtiandi Broker Battle

In a new addition to Mingtiandi’s coverage of real estate transactions in the region, this week we are rolling out our broker battle column to bring you the latest details of which brokerages have been involved in the region’s largest transactions in the region. This week CBRE leads the list with its role in the sale of the Yi Fang Tower in Shanghai late last month, while JLL and Savills show up with deals in Hong Kong and Xi’an.

Keep reading for all the details on the latest brokerage wins in the region, and if you know of victories that should be included in our next column, just send any details you may have right here.

Investment Brokerage

CBRE Brokers Yi Fang Tower Deal in Shanghai

CBRE announced recently that its Capital Markets team assisted Keppel Capital Holdings in the recent acquisition of the Yi Fang Tower, a recently completed prime Grade A office and retail mixed-use development in Shanghai’s Hongkou district. Keppel Capital, together with Keppel Land, acquired the 74,400 square metre (800,000 square foot complex) from developer Dalian Yi Fang Group for RMB 4.6 billion. Read more>>

JLL Markets Hong Kong Industrial Sites

JLL announced in late March that it has been appointed as sole agent for the sale by public tender of the Gee Tung Chang Industrial Building and the Gee Wing Chang Industrial Building, a pair of adjacent properties on Fung Yip Street in Hong Kong island’s Chai Wan area. The Chai Wan buildings are being marketed together with a parking space in Sheung Wan’s with the set of assets said to be valued collectively at HK$2.5 billion. Read more>>

JLL Brokering Public Tender of North Point Project in HK

JLL announced at the beginning of this month that it has been appointed to broker the sale by public tender of an aging walk-up building in Hong Kong’s North Point area. The agency is marketing the 1,618 square foot (150 square metre) site at 18 and 20 Yuet Yuen Street in North Point in a tender set to close on May 21st, with the mixed residential/commercial project estimated to be worth HK$210 million. Read more>>

Savills Manages Sale of Amoycan Industrial Units to Hang Lung

Savills announced recently that it had managed the purchase via compulsory sale of the remaining units in the Amoycan Industrial Centre Block No. 1 on behalf of Hang Lung Properties.The transaction, which valued the aging industrial block at HK$2.08 billion, paves the way for the developer to redevelop the site in Kowloon East’s Ngau Tau Kok area for residential purposes. Read more>>

JLL Brokers Sale of Vanke Xi’an Office Space to Fosun Unit

JLL said in early April that its Capital Markets team had brokered the sale of assets within the Vanke Golden Mile complex in Xi’an High Tech Development Zone to Yong’an Insurance. The unit of Fosun’s insurance division is understood to have purchased space in the high zone of the 58,000 square metres office portion of the three building project. Read more>>

Leasing

CBRE Appointed to Lease Jingrui’s Pudong Office Complex

CBRE announced recently that its office services department has been appointed as exclusive agents for the leasing of a 110,000 square metre office building in Pudong’s Huamu area belonging to developer Jingrui Holdings. Read more>>

Knight Frank Named Leasing Agent for WeWork at Shanghai’s the Center

Knight Frank said in late March that is has been appointed by WeWork as a leasing agent for the shared space giant’s co-working location at the Center on Changle Lu in Shanghai’s Xuhui district. Read more>>

Colliers Represents Local Co-Working Brand in Southwest China

Colliers announced in late March that it has been appointed by Chinese co-working brand Funwork to assist with selection of locations in southwest China. The Shanghai-based firm has already competed its first centre in the region at the Chongqing Yingli International Financial Center which is already in its soft opening stage. Read more>>

Valuation and Advisory

C&W Advises on Cainiao RMB 5B ABS

Cushman & Wakefield said in late March that it had advised Alibaba logistics real estate affiliate Cainiao with issuing RMB 5 billion of asset backed securities supported by the company’s warehouse assets. Read more>>

Savills Assists KWG with RMB 10B CMBS

Savills announced in lat march that it had provided market research for KWG Commercial Property to support its sale of RMB 10 billion in commercial mortgage-backed securities on the Shenzhen stock exchange. Read more>>

Did your team miss the list? Mingtiandi will publish our broker battle every other Monday, so just send us any deal details and we will make you famous in our next edition.

Research for this story was provided by Li Yanxia and Iris Poon.