Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

GIC Leads Race to Buy Stake in Indian Developer and More Asia Real Estate Headlines

2017/02/14 by Michael Cole Leave a Comment

GIC DLF

GIC may have the edge in buying a stake in DLF

Singapore’s sovereign wealth fund is said to be leading the race to buy a 40 percent stake in an Indian commercial developer for around $1.8 billion, while elsewhere in the headlines Dalian Wanda returns to its hometown in China’s frozen north to convert an abandoned rock quarry into its latest theme park. Read on for all these stories and more.

GIC Leads Race to Buy Stake in Indian Commercial Developer

GIC of Singapore is set to enter into exclusive bilateral negotiations with KP Singh and his family, the promoters of India’s largest real estate firm DLF Limited, to acquire their 40% stake in DLF Cyber City Developers Limited (DCCDL), the company that owns a portfolio of leased commercial assets, including the entire Cyber City complex in Gurgaon.

The deal will help the promoters raise about Rs 12,000 crore, valuing the rental arm at nearly Rs 40,000 crore, inclusive of its Rs 10,000-11,000 crore debt, said two persons familiar with the negotiations. Read more>>

Wanda Plans to Turn Abandoned Rock Quarry into Theme Park

An abandoned limestone mine in Dalian, Northeast China’s Liaoning province, will be built into a tourism complex by Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co, an official with the Dalian municipal government said on Monday.

Construction of the project will kick off within this year, said Dalian Tourism Bureau Director Li Jingping. Covering an area of three square kilometers, the project will include a hotel cluster featuring parts of the old limestone mine, a big-sized botanical garden in the pit, a stadium with capacity of 60,000 seats and a Wanda shopping mall. Read more>>

Xiaomi Plans 1,000 Real World Stores

China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide.

The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years, as co-founder Lei Jun mimics a strategy that’s helped the Oppo and Vivo brands leapfrog Xiaomi to the top of China’s smartphone market. The new target accelerates plans outlined just last month to open 200 stores in 2017. Read more>>

Shanghai Home Sales Rebound After Spring Festival

Sentiment among home buyers and real estate developers both rebounded notably in Shanghai last week as the week-long Lunar New Year holiday came to an end.

Sales of new residential properties, excluding government-subsidized affordable housing, soared to 78,000 square meters during the seven-day period ended on Sunday, a week-over-week surge of 503 percent, Shanghai Centaline Property Consultants Co said in a report released today. Read more>>

Swire Set to Open 1000 Mainland Bake Shops in 3 Years

Swire Pacific plans to almost double the size of the retail outlets of its bakery business by 2020, making it one of the biggest bakery chains in China.

As the demand for better quality food products grows in China, Swire will increase the number of its bakery shops in Chongqing, Chengdu and Guiyang to 1,000 within three years, through Swire Foods – a wholly owned subsidiary of the group launched in 2010 and encompassing the Taikoo brand. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Dalian Wanda Group, DLF, GIC, Shanghai Home Sales, Swire Group, Xiaomi

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

MTD TV

Terence Teo TE
Blackstone, C&W, TE Capital, SDAX Upbeat on Singapore Offices Amid Slowdown
mtd tv dc forum north asia panel thumbnail
Hyperscalers Shaping Data Centre Demand in North Asia: MTD TV

More MTD TV Videos>>

People in the News

Charles Griffith Macquarie
Asia Real Estate People in the News 2022-02-06
Kelvin Chan CBRE
CBRE Hires Kelvin Chan as Head of Capital Markets for China
Yoshinaga Takahashi PDG
PDG Hires Mitsui’s Yoshinaga Takahashi as Managing Director of Japan
Brian Kwon Dexus
Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2022-02-06

Charles Griffith Macquarie

Finance giants lead this week’s collection of personnel moves on Mingtiandi as two of Asia Pacific’s largest financial … Read More>>

CBRE Hires Kelvin Chan as Head of Capital Markets for China

Kelvin Chan CBRE

CBRE on Friday announced the appointment of Kelvin Chan as the global property consultancy’s head of capital markets for … Read More>>

PDG Hires Mitsui’s Yoshinaga Takahashi as Managing Director of Japan

Yoshinaga Takahashi PDG

Princeton Digital Group has appointed Yoshinaga Takahashi as managing director of Japan, where he will help execute the … Read More>>

Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia

Brian Kwon Dexus

Australian property major Dexus is extending its regional reach with the opening of a new office in Singapore and the … Read More>>

More Industry Professionals>>

Latest Stories

Charles Griffith Macquarie
Asia Real Estate People in the News 2022-02-06
David Loh Kim Kang Centurion
Singapore’s Centurion Plans $92M Sydney Student Housing Project
Todd-Olson Cushman & Wakefield
Singapore Leads APAC Data Centre Rankings with 2% Vacancy

Sponsored Features

How Data Leadership Can Prepare Real Estate Companies for Big Data and AI in 2023
OpenSpace Capture
OpenSpace Capture Provides On-the-Ground Eyes at US Government Building Projects
Malls and Megaprojects from Hong Kong to Beijing Triumph at PropertyGuru Awards Show

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.