Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Brookfield Closes in on Buying $185M India Office Block and More Asia Real Estate Headlines

2018/04/04 by Greg Isaacson Leave a Comment

Brookfield ICICI building

Brookfield is said to be in the final stages of acquiring the ICICI Bank building in Hyderabad

India is back in the news today as the subcontinent’s real estate assets continue to show their appeal to the world’s largest private equity players. In addition to Brookfield’s reported offer for a Hyderabad office block, global brokerage Savills is looking to lure Chinese capital to Polish properties, and JD.com is ready to offer overseas homes to Chinese buyers via its e-commerce bazaar. Also in the headlines, mainland residential developers are seeking to tap the next growth wave by building schools, and tech titan Tencent is getting in on the “new retail” game. Read on for more details about these optimistic happening in Asia’s real estate industry.

Brookfield Said in Final Talks on Buying $185M India Office Block

Canada’s Brookfield Asset Management is in final stages of discussions with private sector lender ICICI Bank Ltd to acquire the ICICI Tower in Hyderabad, two people aware of the development said. Brookfield is on the verge of signing the deal for the property situated in Gachibowli financial district, said one of the two persons on the condition of anonymity.

“Brookfield has completed the due diligence and some of the transfer procedures are pending. The deal may be signed in a couple of weeks’ time,” said the second person. The 1.2 million square foot building is valued at around Rs1,000-1,200 crore ($153.8 million to $184.6 million), according to the second person. Read more>>

Savills Sets Up China Desk in Warsaw

Real estate consultancy Savills has set up a special section within its Warsaw-based corporate finance and valuation department dedicated to Chinese investors interested in the Polish commercial real estate market. “As Poland is seeing a growing number of commercial properties of a large enough scale to represent opportunities to Chinese funds, it appears reasonable to begin trying to attract capital from that part of the world,” said Piotr Klapkowski, China Desk leader, corporate finance and valuation department at Savills.

Klapkowski joined Savills in October 2016, having been employed in commercial real estate in Beijing. His experience includes three years as a manager in the valuation and advisory department of Cushman & Wakefield’s China office, where he participated in the IPO of Dalian Wanda, one of China’s leading developers, valued at around $3.9 billion. Read more>>

Vanke, Banyan Tree JV Buys Up $215M in China Hotel Assets

A joint venture between Banyan Tree Holdings and Chinese real estate developer Vanke has acquired all the hotel assets of the Banyan Tree China Hospitality Fund for RMB 1.35 billion yuan ($214.5 million) as part of plans to form a strategic partnership in China.

The purchase was made through JV vehicle Shanghai Yuewan Enterprise Management, with Banyan Tree holding a 6.7 percent stake and Vanke holding the remaining 93.3 percent. Following the purchase, Shanghai Yuewan was absorbed by Banyan Tree Assets (China) Holdings (BTAC), a JV company formed between Banyan Tree Holdings and Vanke for holding substantially all of the hotels and real estate assets of the JV in China. Read more>>

Juwai to Hawk Overseas Properties on JD.com

JD.com, the Chinese e-commerce giant, has expanded its domestic real estate offering by selling overseas properties too, despite the strict capital controls still in place on money leaving the country imposed by the government.

From Sunday, the website is partnering with Juwai.com – an international property listing site targeting mainly Chinese – to market villas and flats on JD.com with those in the US, Britain and Canada to follow. Juwai has 2.2 million monthly users and showcases 2.8 million listings from 90 countries, but the arrangement means it can now market its offerings to nearly 300 million JD.com users. Read more>>

Chinese Home Builders Look to Schools for Growth

Residential developers are building new complexes with schools within walking distance of apartments, hiring or building in-house education teams to recruit teachers and design bilingual curriculums.

Guangzhou-based Country Garden, China’s top residential developer by sales, is now also among the country’s biggest private education providers. Its education subsidiary, Bright Scholar, runs 52 bilingual international schools that each offer a full education from kindergarten to secondary school. Bright Scholar listed on the New York Stock Exchange last year, raising more than $150 million. Read more>>

Tencent Joins “New Retail” Fray with Digital Tools

As “new retail” changes from jargon to oft-used phrase, Tencent has thrown their hat into the ring. However, they don’t plan on opening their own stores (the WeChat pop-up seems to have been exactly that). Rather they want to be the foundation to help the retail industry achieve two goals: the digital upgrade of stores and the optimization of user experience.

“Tencent does not do retail, not even any commerce, but is only the ground level (底层) and gives the opportunity to all partners,” Tencent CEO Pony Ma said (our translation) at Tencent’s smart unmanned retail industry conference held on March 30. Since Tencent began to cooperate with many offline industries using WeChat as their payment option in 2014, the tech giant has continuously provided tools for retail enterprises through Tencent Cloud, social advertisements, and more recently mini programs to connect people and businesses. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Banyan Tree Holdings, Brookfield Asset Management, China Vanke, India, JD.com, Juwai.com, Savills, Tencent

Leave a Reply

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

Get Mingtiandi Delivered

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

MTD TV

MTD TV
APAC Logistics to Get Another $200B in Investment Says JLL: MTD TV
bdx spotlight interview mtd tv thumbnail
BDx Boss Focuses on Service, Not Buzz, to Build Asia Data Centre Network: MTD TV

More MTD TV Videos>>

People in the News

singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09
Lincoln Pan Jardines
Asia Real Estate People in the News 2025-06-02

More Industry Professionals>>

Latest Stories

URA chief executive officer Lim Eng Hwee
Singapore Home Sales Slump to Five-Month Low as Government Dials Back New Supply
Brian Hung, Director, APG Asset Management
APG, Invesco and GLP Join Panels on Korea, China Logistics From Tuesday
Hikaru Teramoto
Kenedix, Hulic Team With Kennedy Wilson to Buy Seattle Apartment Block for $173M

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

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


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse