Carlyle, Townsend to invest $200 million in China warehouses – and more of Today’s China Real Estate Links | August 30, 2013

Here is a list of the day’s latest China real estate news collected from around the web:

• Carlyle, Townsend to invest $200 million in China warehouses

  U.S. buyouts firm Carlyle Group said on Thursday it would invest around $200 million with U.S. investment management firm Townsend Group to buy and build 17 warehouses as part of plans to build a logistics platform across China.

  Carlyle and Townsend have agreed to buy five logistics warehouses owned by Shanghai Yupei Group, a domestic warehouse developer and operator in China, and to build another 12 in a strategic partnership with Shanghai Yupei.

• GLP Leases 32k Sqm of Warehouse Space in Suzhou

  Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 32,000 square meters (“sqm”) (344,000 square feet (“sq ft”)) at GLP Park SND in Suzhou, Eastern China. The customer is Yunda Express, one of China’s largest express delivery companies, and this lease marks the beginning of their cooperation with GLP.

  Yunda Express will establish a sorting and distribution center at GLP Park SND to meet the increasing demand for e-commerce-related delivery services in Suzhou and Wuxi, two major consumption centers in Eastern China.

  Kent Yang, President of GLP China, said: “Demand for modern logistics facilities from the third party express delivery industry remains strong in China, thanks to the continuing growth in domestic consumption and shift towards e-commerce.

• Nan Fung completes 29.98% acquisition of Forterra Trust

  According to a release, Nan Fung and its affiliates, one of the largest privately owned property developers in Hong Kong, have completed the acquisitions of 29.98% of Forterra Trust and 100% of the issued equity of Oriental Management Services Limited, the parent company of Forterra Real Estate Pte Ltd and Treasury Holdings Property Management Co., Ltd.

  Nan Fung, through another wholly owned subsidiary, Lucky Token Investments Ltd, has also completed the acquisition of 100% of the issued equity of OMS.

• Evergrande overtakes Vanke in sales value

  Evergrande Real Estate Group Ltd overtook China Vanke Co in the first half of this year to become the country’s largest property developer by sales value.

  The Guangzhou-based company’s revenue rose 13.3 percent to 42 billion yuan ($6.86 billion) in the first six months. Its net profit rose 15.8 percent to hit 6.5 billion yuan, about 1.4 times that of the China Vanke’s.

  China Vanke has long been China’s largest developer by sales.

• The 10 Most Expensive Cities to Rent in China

  The National Bureau of Statistics recently published data that shows a consecutive increase in rental prices over 42 months. Increasing rental prices for housing in China has been a source of frustration for people across the country, but which cities are the most expensive of the lot? Read on and see if your city is one of the top 10 most expensive cities to rent in China.
  1) Beijing
  Wondering just how expensive rental prices are in China’s capital? In general, one bedroom flats in the CBD area cost over 10,000 RMB a month, while one bedroom flats in the Wangjing area now cost around 6000 RMB a month; another 1500 RMB or so can be added on if the flat is slightly larger.

This list is updated daily, so tune in again tomorrow for more up to date information.

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