General Mills plans to open 50 more Haagen-Dazs stores in China – and more of Today’s China Real Estate Links | July 12, 2012

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

• General Mills plans to open 50 more Haagen-Dazs stores in China

  General Mills Inc. plans to open another 50 Haagen-Dazs ice cream shops in China over the next year, bringing its total in the country to 255. The Minneapolis-based company, which makes popular brands including Cheerios, Yoplait and Betty Crocker, said Tuesday that it also plans to expand the ice cream’s retail distribution in the fast growing market.The first Haagen-Dazs store in China opened in 1996.

• Mitsubishi Links Up with Gemdale for 66 Bil Yen Dalian Condo Deal

  Mitsubishi Corporation has agreed to participate in a large-scale condominium development project in Dalian, China, through a joint venture with Gemdale, a leading real estate developer in China. The total cost of the Project is estimated at 66 billion JPY.The Project will be MC’s second project together with Gemdale, which previously announced the Shenyang project.The Project includes the development of 3,500 condominium units, as well as retail stores (34,000 m2) in Dalian.

• Shanghai to Draw Companies Setting Up Headquarters

  Shanghai will encourage multinational companies to set up their regional headquarters in the city as it seeks to draw foreign investment, the Shanghai Daily reported, citing Vice Mayor Ai Baojun.
  The city will provide benefits for newly established headquarters and international firms that upgrade their China bases into regional ones, the newspaper cited Ai as saying, without providing further details.

• JLL Says 93% of Chinese companies want to get more real estate

  A new survey from Jones Lang LaSalle shows that Chinese firms are increasingly embedding corporate real estate (CRE) strategies into their businesses and embracing outsourcing, mirroring overseas trends in response to organic growth, M&A activity and cost pressures.Key findings from the survey, ‘The Dragon is Stirring’:The most influential factors shaping CRE strategies in China are cost pressure (53%) and organic growth (47%).

• Poly Real Estate Buys 3 Plots of Land for RMB 3 Billion

  Shanghai-listed realty developer Poly Real Estate Group Co said on July 10 that it bought several parcels of land in three cities for 3 billion yuan ($471 million). Poly bought several parcels of land for the development of homes and commercial property in Southwest China’s Chongqing and Deyang, and in Shenyang, in North China’s Liaoning province.

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